VALIMMO: what changed
What changed
VALIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€12,171
2024 · €993,291-€981,119
Equity
€2.0m
2024 · €2.0m-€8,747
Cash
€454
2024 · €6,160-€5,706
Balance sheet total
€3.5m
2024 · €3.6m-€113,274
Largest movements
Assets
- Financial fixed assets -€101,500
down €101,500 (-3.7%), from €2.8m to €2.7m
- Receivables within one year -€83,000
down €83,000 (-40.3%), from €206,148 to €123,147
of which Other amounts receivable: -€54,284
- Receivables after one year +€50,000
up €50,000 (+8.3%), from €600,000 to €650,000
Equity and liabilities
- Debts after one year +€805,207
up €805,207 (+163%), from €494,380 to €1.3m
of which Financial debts: +€732,000
- Current portion of long-term debt -€765,973
down €765,973 (-96.5%), from €793,441 to €27,468
- Trade debts -€149,391
down €149,391 (-93.9%), from €159,168 to €9,777
Income statement
- Gross operating margin -€1.1m
down €1.1m (-98.2%), from €1.1m to €19,245
- Financial income +€51,762
up €51,762 (+171%), from €30,216 to €81,979
- Financial charges -€27,861
down €27,861 (-24.5%), from €113,848 to €85,987
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€993,291
Gross operating margin
-€1.1m
Other operating charges
+€5,149
Other operating items
+€1
Financial income
+€51,762
Financial charges
+€27,861
Result 2025
€12,171
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€125,623
Investment
+€101,500
Financing
+€18,417
Cash 2024
€6,160
From operations (derived)
-€125,623
Net result for the year
+€12,171
Receivables after one year
-€50,000
Receivables within one year
+€83,000
Deferred charges and accrued income
-€26,933
Trade debts
-€149,391
Other debts
+€25,068
Accrued charges and deferred income
-€19,538
Investment (derived)
+€101,500
Investment in fixed assets (net)
+€101,500
Financing
+€18,417
Debts after one year
+€805,207
Current portion of long-term debt
-€765,973
Short-term financial debts
+€101
Contributions, distributions and other
-€20,918
Cash 2025
€454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,570,021 | €3,456,747 | -€113,274 | -3.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,753,148 | €2,651,648 | -€101,500 | -3.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €2,753,148 | €2,651,648 | -€101,500 | -3.7% |
| Current assets | 29/58 | €816,874 | €805,100 | -€11,774 | -1.4% |
| Amounts receivable after more than one year | 29 | €600,000 | €650,000 | +€50,000 | +8.3% |
| Other amounts receivable | 291 | €600,000 | €650,000 | +€50,000 | +8.3% |
| Stocks and contracts in progress | 3 | €4,566 | €4,566 | = | 0.0% |
| Stocks | 30/36 | €4,566 | €4,566 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €206,148 | €123,147 | -€83,000 | -40.3% |
| Trade receivables | 40 | €33,867 | €5,150 | -€28,717 | -84.8% |
| Other amounts receivable | 41 | €172,281 | €117,997 | -€54,284 | -31.5% |
| Cash at bank and in hand | 54/58 | €6,160 | €454 | -€5,706 | -92.6% |
| Deferred charges and accrued income | 490/1 | €0 | €26,933 | +€26,933 | |
| Total equity and liabilities | 10/49 | €3,570,021 | €3,456,747 | -€113,274 | -3.2% |
| Equity | 10/15 | €1,976,701 | €1,967,954 | -€8,747 | -0.4% |
| Contributions | 10/11 | €2,060,869 | €2,060,869 | = | 0.0% |
| Capital | 10 | €2,060,869 | €2,060,869 | = | 0.0% |
| Issued capital | 100 | €2,060,869 | €2,060,869 | = | 0.0% |
| Reserves | 13 | €19,245 | €19,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,245 | €19,245 | = | 0.0% |
| Legal reserve | 130 | - | €19,245 | +€19,245 | |
| Reserves not available under the articles | 1311 | €19,245 | - | -€19,245 | |
| Profit (loss) carried forward | 14 | -€103,413 | -€112,160 | -€8,747 | -8.5% |
| Amounts payable | 17/49 | €1,593,320 | €1,488,793 | -€104,527 | -6.6% |
| Amounts payable after more than one year | 17 | €494,380 | €1,299,587 | +€805,207 | +163% |
| Financial debts | 170/4 | €0 | €732,000 | +€732,000 | |
| Other amounts payable | 178/9 | €494,380 | €567,587 | +€73,207 | +14.8% |
| Amounts payable within one year | 42/48 | €1,076,835 | €186,640 | -€890,195 | -82.7% |
| Current portion of amounts payable after more than one year | 42 | €793,441 | €27,468 | -€765,973 | -96.5% |
| Financial debts | 43 | €29 | €131 | +€101 | +346% |
| Credit institutions | 430/8 | €29 | €131 | +€101 | +346% |
| Trade debts | 44 | €159,168 | €9,777 | -€149,391 | -93.9% |
| Suppliers | 440/4 | €159,168 | €9,777 | -€149,391 | -93.9% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,196 | €49,263 | +€25,068 | +104% |
| Accrued charges and deferred income | 492/3 | €22,105 | €2,567 | -€19,538 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €8,214 | €3,065 | -€5,149 | -62.7% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €1,085,137 | €19,245 | -€1.1m | -98.2% |
| Operating profit (loss) | 9901 | €1,076,922 | €16,180 | -€1.1m | -98.5% |
| Financial income | 75/76B | €30,216 | €81,979 | +€51,762 | +171% |
| Recurring financial income | 75 | €30,216 | €81,979 | +€51,762 | +171% |
| Financial charges | 65/66B | €113,848 | €85,987 | -€27,861 | -24.5% |
| Recurring financial charges | 65 | €113,848 | €85,987 | -€27,861 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €993,291 | €12,171 | -€981,119 | -98.8% |
| Profit (loss) for the period | 9904 | €993,291 | €12,171 | -€981,119 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €993,291 | €12,171 | -€981,119 | -98.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.