VALITECH: 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.
VALITECH
Largest movements
- Current investments +€6,211
up €6,211 (+4.4%), from €141,877 to €148,089
- Reserves +€6,435
up €6,435 (+14.9%), from €43,189 to €49,624
- Gross operating margin +€3,669
up €3,669 (+51.0%), from €7,191 to €10,860
- Financial charges -€3,091
down €3,091 (-91.5%), from €3,377 to €286
- Taxes +€2,197
up €2,197 (+144%), from €1,530 to €3,727
- Depreciation +€166
up €166 (+32.6%), from €508 to €674
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,480 | €176,671 | +€6,191 | +3.6% |
| Fixed assets | 21/28 | €12,110 | €11,436 | -€674 | -5.6% |
| Tangible fixed assets | 22/27 | €2,110 | €1,436 | -€674 | -31.9% |
| Land and buildings | 22 | €1,262 | €929 | -€332 | -26.3% |
| Plant, machinery and equipment | 23 | €848 | €507 | -€341 | -40.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €158,370 | €165,235 | +€6,865 | +4.3% |
| Amounts receivable within one year | 40/41 | €0 | €1,053 | +€1,053 | |
| Other amounts receivable | 41 | €0 | €1,053 | +€1,053 | |
| Current investments | 50/53 | €141,877 | €148,089 | +€6,211 | +4.4% |
| Cash at bank and in hand | 54/58 | €13,579 | €13,982 | +€403 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,914 | €2,111 | -€802 | -27.5% |
| Total equity and liabilities | 10/49 | €170,480 | €176,671 | +€6,191 | +3.6% |
| Equity | 10/15 | €167,860 | €174,295 | +€6,435 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,189 | €49,624 | +€6,435 | +14.9% |
| Distributable reserves | 133 | €43,189 | €49,624 | +€6,435 | +14.9% |
| Profit (loss) carried forward | 14 | €104,672 | €104,672 | = | 0.0% |
| Amounts payable | 17/49 | €2,620 | €2,376 | -€244 | -9.3% |
| Amounts payable within one year | 42/48 | €2,609 | €2,376 | -€233 | -8.9% |
| Trade debts | 44 | €1,109 | €157 | -€952 | -85.8% |
| Suppliers | 440/4 | €1,109 | €157 | -€952 | -85.8% |
| Taxes, remuneration and social security | 45 | €963 | €2,219 | +€1,256 | +130% |
| Taxes | 450/3 | €963 | €2,219 | +€1,256 | +130% |
| Other amounts payable | 47/48 | €538 | €0 | -€538 | -100% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508 | €674 | +€166 | +32.6% |
| Other operating charges | 640/8 | €2,519 | €2,595 | +€76 | +3.0% |
| Gross operating margin | 9900 | €7,191 | €10,860 | +€3,669 | +51.0% |
| Operating profit (loss) | 9901 | €4,164 | €7,591 | +€3,427 | +82.3% |
| Financial income | 75/76B | €2,777 | €2,858 | +€80 | +2.9% |
| Recurring financial income | 75 | €2,372 | €2,858 | +€485 | +20.5% |
| Non-recurring financial income | 76B | €405 | €0 | -€405 | -100% |
| Financial charges | 65/66B | €3,377 | €286 | -€3,091 | -91.5% |
| Recurring financial charges | 65 | €3,377 | €286 | -€3,091 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €3,564 | €10,162 | +€6,598 | +185% |
| Income taxes | 67/77 | €1,530 | €3,727 | +€2,197 | +144% |
| Profit (loss) for the period | 9904 | €2,033 | €6,435 | +€4,402 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €2,033 | €6,435 | +€4,402 | +216% |
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 16 October 2026 via checked.be.