VALIMACO: 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.
VALIMACO
Largest movements
- Receivables within one year +€47,476
up €47,476 (+76.3%), from €62,214 to €109,690
of which Trade receivables: +€49,910
- Cash -€7,445
down €7,445 (-99.7%), from €7,468 to €23
mainly Receivables within one year (-€47,476) and Trade debts (-€1,875)
- Profit (loss) carried forward +€18,445
no longer reported in 2025 (was -€18,445)
- Reserves +€16,733
up €16,733 (+21.4%), from €78,359 to €95,092
of which Distributable reserves: +€16,733
- Tax, wage and social debts +€6,756
up €6,756 (+1801.7%), from €375 to €7,131
- Trade debts -€1,875
down €1,875 (-97.3%), from €1,928 to €53
- Gross operating margin +€50,333
up €50,333, from -€10,459 to €39,874
- Taxes +€6,756
up €6,756 (+1801.7%), from €375 to €7,131
- Other operating charges -€1,371
no longer reported in 2025 (was €1,371)
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 | €70,041 | €109,713 | +€39,672 | +56.6% |
| Current assets | 29/58 | €70,041 | €109,713 | +€39,672 | +56.6% |
| Amounts receivable within one year | 40/41 | €62,214 | €109,690 | +€47,476 | +76.3% |
| Trade receivables | 40 | €843 | €50,753 | +€49,910 | +5920.3% |
| Other amounts receivable | 41 | €61,371 | €58,936 | -€2,434 | -4.0% |
| Cash at bank and in hand | 54/58 | €7,468 | €23 | -€7,445 | -99.7% |
| Deferred charges and accrued income | 490/1 | €359 | - | -€359 | |
| Total equity and liabilities | 10/49 | €70,041 | €109,713 | +€39,672 | +56.6% |
| Equity | 10/15 | €67,351 | €102,528 | +€35,178 | +52.2% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €78,359 | €95,092 | +€16,733 | +21.4% |
| 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 | €76,500 | €93,232 | +€16,733 | +21.9% |
| Profit (loss) carried forward | 14 | -€18,445 | - | +€18,445 | |
| Amounts payable | 17/49 | €2,690 | €7,184 | +€4,494 | +167.1% |
| Amounts payable within one year | 42/48 | €2,303 | €7,184 | +€4,882 | +212.0% |
| Trade debts | 44 | €1,928 | €53 | -€1,875 | -97.3% |
| Suppliers | 440/4 | €1,928 | €53 | -€1,875 | -97.3% |
| Taxes, remuneration and social security | 45 | €375 | €7,131 | +€6,756 | +1801.7% |
| Taxes | 450/3 | €375 | €7,131 | +€6,756 | +1801.7% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €1,371 | - | -€1,371 | |
| Gross operating margin | 9900 | -€10,459 | €39,874 | +€50,333 | |
| Operating profit (loss) | 9901 | -€11,830 | €39,874 | +€51,704 | |
| Financial income | 75/76B | €2,272 | €2,598 | +€325 | +14.3% |
| Recurring financial income | 75 | €2,272 | €2,598 | +€325 | +14.3% |
| Financial charges | 65/66B | €380 | €163 | -€218 | -57.2% |
| Recurring financial charges | 65 | €380 | €163 | -€218 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,938 | €42,309 | +€52,247 | |
| Income taxes | 67/77 | €375 | €7,131 | +€6,756 | +1801.7% |
| Profit (loss) for the period | 9904 | -€10,313 | €35,178 | +€45,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,313 | €35,178 | +€45,491 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.