VALIPAC: 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.
What changed
VALIPAC
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€820,431
2024 · -€2.6m+€3.4m
Equity
€19.6m
2024 · €18.8m+€820,431
Cash
€1.7m
2024 · €2.0m-€292,768
Balance sheet total
€43.9m
2024 · €43.5m+€454,451
Largest movements
Assets
- Current investments +€738,564
up €738,564 (+2.1%), from €34.5m to €35.3m
Equity and liabilities
- Reserves +€820,431
up €820,431 (+4.4%), from €18.8m to €19.6m
- Trade debts -€580,443
down €580,443 (-2.4%), from €24.0m to €23.5m
Income statement
- Turnover +€3.2m
up €3.2m (+20.3%), from €15.7m to €18.9m
- Services and other goods -€783,365
down €783,365 (-5.5%), from €14.3m to €13.5m
- Staff costs +€434,242
up €434,242 (+12.3%), from €3.5m to €4.0m
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.
Result 2024
-€2.6m
Turnover
+€3.2m
Other operating income
-€62,574
Services and other goods
+€783,365
Staff costs
-€434,242
Depreciation
-€174,377
Write-downs
-€91,222
Other operating charges
+€54,773
Other operating items
+€22,744
Financial income
+€119,577
Financial charges
+€13,207
Result 2025
€820,431
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.9m
Investment
-€2.2m
Financing
€0
Cash 2024
€2.0m
From operations (derived)
+€1.9m
Net result for the year
+€820,431
Depreciation
+€1.6m
Receivables after one year
-€118,194
Receivables within one year
-€216,732
Deferred charges and accrued income
+€162,395
Trade debts
-€580,443
Tax, wage and social debts
+€54,587
Accrued charges and deferred income
+€158,978
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€1.4m
Current investments
-€738,564
Not broken down
+€898
Cash 2025
€1.7m
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,476,091 | €43,930,543 | +€454,451 | +1.0% |
| Fixed assets | 21/28 | €4,939,964 | €4,776,088 | -€163,876 | -3.3% |
| Intangible fixed assets | 21 | €3,886,570 | €3,718,720 | -€167,850 | -4.3% |
| Tangible fixed assets | 22/27 | €1,053,393 | €1,057,367 | +€3,974 | +0.4% |
| Land and buildings | 22 | €696,810 | €749,376 | +€52,566 | +7.5% |
| Plant, machinery and equipment | 23 | €73,012 | €78,980 | +€5,968 | +8.2% |
| Furniture and vehicles | 24 | €98,407 | €80,606 | -€17,801 | -18.1% |
| Other tangible fixed assets | 26 | €185,164 | €148,405 | -€36,759 | -19.9% |
| Current assets | 29/58 | €38,536,127 | €39,154,455 | +€618,327 | +1.6% |
| Amounts receivable after more than one year | 29 | - | €118,194 | +€118,194 | |
| Other amounts receivable | 291 | - | €118,194 | +€118,194 | |
| Amounts receivable within one year | 40/41 | €1,583,260 | €1,799,992 | +€216,732 | +13.7% |
| Trade receivables | 40 | €1,470,561 | €1,423,697 | -€46,864 | -3.2% |
| Other amounts receivable | 41 | €112,699 | €376,295 | +€263,596 | +234% |
| Current investments | 50/53 | €34,520,126 | €35,258,690 | +€738,564 | +2.1% |
| Cash at bank and in hand | 54/58 | €1,950,413 | €1,657,645 | -€292,768 | -15.0% |
| Deferred charges and accrued income | 490/1 | €482,328 | €319,933 | -€162,395 | -33.7% |
| Total equity and liabilities | 10/49 | €43,476,091 | €43,930,543 | +€454,451 | +1.0% |
| Equity | 10/15 | €18,823,228 | €19,643,659 | +€820,431 | +4.4% |
| Reserves | 13 | €18,823,228 | €19,643,659 | +€820,431 | +4.4% |
| Amounts payable | 17/49 | €24,652,863 | €24,286,884 | -€365,979 | -1.5% |
| Amounts payable within one year | 42/48 | €24,379,605 | €23,854,647 | -€524,958 | -2.2% |
| Trade debts | 44 | €24,037,292 | €23,456,849 | -€580,443 | -2.4% |
| Suppliers | 440/4 | €24,037,292 | €23,456,849 | -€580,443 | -2.4% |
| Taxes, remuneration and social security | 45 | €342,253 | €396,840 | +€54,587 | +15.9% |
| Taxes | 450/3 | - | €1,780 | +€1,780 | |
| Remuneration and social security | 454/9 | €342,253 | €395,060 | +€52,807 | +15.4% |
| Accrued charges and deferred income | 492/3 | €273,258 | €432,236 | +€158,978 | +58.2% |
| Operating income | 70/76A | €16,182,077 | €19,306,412 | +€3.1m | +19.3% |
| Turnover | 70 | €15,694,578 | €18,884,299 | +€3.2m | +20.3% |
| Other operating income | 74 | €484,687 | €422,114 | -€62,574 | -12.9% |
| Non-recurring operating income | 76A | €2,812 | - | -€2,812 | |
| Operating charges | 60/66A | €19,520,213 | €19,356,361 | -€163,852 | -0.8% |
| Services and other goods | 61 | €14,265,895 | €13,482,530 | -€783,365 | -5.5% |
| Remuneration, social security and pensions | 62 | €3,526,981 | €3,961,223 | +€434,242 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,408,918 | €1,583,295 | +€174,377 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€86,460 | €4,762 | +€91,222 | |
| Other operating charges | 640/8 | €379,323 | €324,550 | -€54,773 | -14.4% |
| Non-recurring operating charges | 66A | €25,556 | - | -€25,556 | |
| Operating profit (loss) | 9901 | -€3,338,136 | -€49,949 | +€3.3m | +98.5% |
| Financial income | 75/76B | €846,962 | €966,539 | +€119,577 | +14.1% |
| Recurring financial income | 75 | €846,962 | €966,539 | +€119,577 | +14.1% |
| Income from current assets | 751 | €239,108 | €266,089 | +€26,982 | +11.3% |
| Other financial income | 752/9 | €607,854 | €700,449 | +€92,595 | +15.2% |
| Financial charges | 65/66B | €109,367 | €96,159 | -€13,207 | -12.1% |
| Recurring financial charges | 65 | €109,367 | €96,159 | -€13,207 | -12.1% |
| Debt charges | 650 | €5,256 | €6,574 | +€1,318 | +25.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €104,049 | - | -€104,049 | |
| Other financial charges | 652/9 | €62 | €89,585 | +€89,523 | +144,486% |
| Profit (loss) for the period before taxes | 9903 | -€2,600,541 | €820,431 | +€3.4m | |
| Profit (loss) for the period | 9904 | -€2,600,541 | €820,431 | +€3.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,600,541 | €820,431 | +€3.4m |
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 19 October 2026 via checked.be.