VALIMARCOS: what changed
Two financial 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.
VALIMARCOS
Largest movements
- Receivables within one year -€146,043
down €146,043 (-30.8%), from €474,028 to €327,985
of which Trade receivables: -€160,033
- Tangible fixed assets -€19,423
down €19,423 (-39.7%), from €48,946 to €29,523
of which Furniture and vehicles: -€15,808
- Cash +€6,840
up €6,840 (+48.0%), from €14,248 to €21,087
mainly Receivables within one year (+€146,043) and Net result for the year (+€38,310)
- Trade debts -€144,190
down €144,190 (-57.4%), from €251,076 to €106,886
- Reserves +€38,310
up €38,310 (+2059.7%), from €1,860 to €40,170
of which Distributable reserves: +€38,310
- Profit (loss) carried forward -€17,000
down €17,000 (-10.2%), from €166,671 to €149,671
- Tax, wage and social debts -€15,902
down €15,902 (-43.9%), from €36,205 to €20,303
of which Taxes: -€13,402
- Debts after one year -€12,138
down €12,138 (-47.3%), from €25,670 to €13,532
- Gross operating margin +€15,426
up €15,426 (+18.0%), from €85,703 to €101,129
- Financial charges +€9,582
up €9,582 (+72.8%), from €13,167 to €22,748
- Depreciation +€4,486
up €4,486 (+30.0%), from €14,937 to €19,423
- Taxes +€3,827
up €3,827 (+29.0%), from €13,204 to €17,031
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 | €539,096 | €380,033 | -€159,064 | -29.5% |
| Fixed assets | 21/28 | €48,946 | €29,523 | -€19,423 | -39.7% |
| Tangible fixed assets | 22/27 | €48,946 | €29,523 | -€19,423 | -39.7% |
| Plant, machinery and equipment | 23 | €399 | €266 | -€133 | -33.4% |
| Furniture and vehicles | 24 | €45,066 | €29,257 | -€15,808 | -35.1% |
| Leasing and similar rights | 25 | €3,482 | - | -€3,482 | |
| Current assets | 29/58 | €490,150 | €350,510 | -€139,641 | -28.5% |
| Amounts receivable within one year | 40/41 | €474,028 | €327,985 | -€146,043 | -30.8% |
| Trade receivables | 40 | €474,028 | €313,994 | -€160,033 | -33.8% |
| Other amounts receivable | 41 | - | €13,991 | +€13,991 | |
| Cash at bank and in hand | 54/58 | €14,248 | €21,087 | +€6,840 | +48.0% |
| Deferred charges and accrued income | 490/1 | €1,875 | €1,438 | -€438 | -23.3% |
| Total equity and liabilities | 10/49 | €539,096 | €380,033 | -€159,064 | -29.5% |
| Equity | 10/15 | €187,131 | €208,441 | +€21,310 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €40,170 | +€38,310 | +2059.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €38,310 | +€38,310 | |
| Profit (loss) carried forward | 14 | €166,671 | €149,671 | -€17,000 | -10.2% |
| Amounts payable | 17/49 | €351,965 | €171,591 | -€180,374 | -51.2% |
| Amounts payable after more than one year | 17 | €25,670 | €13,532 | -€12,138 | -47.3% |
| Financial debts | 170/4 | €25,670 | €13,532 | -€12,138 | -47.3% |
| Amounts payable within one year | 42/48 | €326,295 | €158,059 | -€168,236 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €13,301 | €13,870 | +€569 | +4.3% |
| Trade debts | 44 | €251,076 | €106,886 | -€144,190 | -57.4% |
| Suppliers | 440/4 | €251,076 | €106,886 | -€144,190 | -57.4% |
| Taxes, remuneration and social security | 45 | €36,205 | €20,303 | -€15,902 | -43.9% |
| Taxes | 450/3 | €33,705 | €20,303 | -€13,402 | -39.8% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €25,714 | €17,000 | -€8,714 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,937 | €19,423 | +€4,486 | +30.0% |
| Other operating charges | 640/8 | €3,172 | €3,618 | +€446 | +14.1% |
| Gross operating margin | 9900 | €85,703 | €101,129 | +€15,426 | +18.0% |
| Operating profit (loss) | 9901 | €67,594 | €78,088 | +€10,494 | +15.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +432.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +432.0% |
| Financial charges | 65/66B | €13,167 | €22,748 | +€9,582 | +72.8% |
| Recurring financial charges | 65 | €13,167 | €22,748 | +€9,582 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €54,428 | €55,341 | +€913 | +1.7% |
| Income taxes | 67/77 | €13,204 | €17,031 | +€3,827 | +29.0% |
| Profit (loss) for the period | 9904 | €41,224 | €38,310 | -€2,914 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,224 | €38,310 | -€2,914 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.