VALILESCO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VALILESCO
Largest movements
- Cash +€15,307
up €15,307 (+79.3%), from €19,299 to €34,606
mainly Net result for the year (+€31,096) and Accrued charges and deferred income (+€300)
- Tangible fixed assets +€3,257
new in 2025: €3,257
- Receivables within one year +€1,838
up €1,838 (+57.1%), from €3,216 to €5,055
of which Other amounts receivable: +€1,815
- Profit (loss) carried forward +€31,096
up €31,096, from -€25,537 to €5,558
- Other debts -€9,987
no longer reported in 2025 (was €9,987)
- Tax, wage and social debts -€931
down €931 (-47.3%), from €1,967 to €1,036
- Taxes +€1,036
new in 2025: €1,036
- Gross operating margin +€864
up €864 (+2.7%), from €31,726 to €32,589
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,515 | €43,107 | +€20,592 | +91.5% |
| Fixed assets | 21/28 | - | €3,257 | +€3,257 | |
| Tangible fixed assets | 22/27 | - | €3,257 | +€3,257 | |
| Furniture and vehicles | 24 | - | €3,257 | +€3,257 | |
| Current assets | 29/58 | €22,515 | €39,851 | +€17,336 | +77.0% |
| Amounts receivable within one year | 40/41 | €3,216 | €5,055 | +€1,838 | +57.1% |
| Trade receivables | 40 | €3,216 | €3,240 | +€23 | +0.7% |
| Other amounts receivable | 41 | - | €1,815 | +€1,815 | |
| Cash at bank and in hand | 54/58 | €19,299 | €34,606 | +€15,307 | +79.3% |
| Deferred charges and accrued income | 490/1 | - | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €22,515 | €43,107 | +€20,592 | +91.5% |
| Equity | 10/15 | €10,529 | €41,625 | +€31,096 | +295.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €29,861 | €29,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,002 | €28,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,537 | €5,558 | +€31,096 | |
| Amounts payable | 17/49 | €11,986 | €1,483 | -€10,503 | -87.6% |
| Amounts payable within one year | 42/48 | €11,986 | €1,183 | -€10,803 | -90.1% |
| Trade debts | 44 | €32 | €147 | +€115 | +358.6% |
| Suppliers | 440/4 | €32 | €147 | +€115 | +358.6% |
| Taxes, remuneration and social security | 45 | €1,967 | €1,036 | -€931 | -47.3% |
| Taxes | 450/3 | €1,967 | €1,036 | -€931 | -47.3% |
| Other amounts payable | 47/48 | €9,987 | - | -€9,987 | |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €156 | +€156 | |
| Other operating charges | 640/8 | €223 | €232 | +€9 | +4.0% |
| Gross operating margin | 9900 | €31,726 | €32,589 | +€864 | +2.7% |
| Operating profit (loss) | 9901 | €31,477 | €32,202 | +€725 | +2.3% |
| Financial income | 75/76B | €12 | €24 | +€12 | +106.3% |
| Recurring financial income | 75 | €12 | €24 | +€12 | +106.3% |
| Financial charges | 65/66B | €98 | €95 | -€3 | -3.1% |
| Recurring financial charges | 65 | €98 | €95 | -€3 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €31,391 | €32,131 | +€741 | +2.4% |
| Income taxes | 67/77 | - | €1,036 | +€1,036 | |
| Profit (loss) for the period | 9904 | €31,391 | €31,096 | -€295 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,391 | €31,096 | -€295 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.