VALK INTERNATIONAL: what changed
What changed
VALK INTERNATIONAL
filed annual accounts (NBB)
Net result for the year
€66,380
2024 · €62,694+€3,686
Equity
€567,395
2024 · €501,016+€66,380
Cash
€8,718
2024 · €9,032-€315
Balance sheet total
€626,659
2024 · €672,525-€45,865
Largest movements
Assets
- Tangible fixed assets -€38,562
down €38,562 (-23.7%), from €162,744 to €124,182
- Receivables within one year -€7,000
no longer reported in 2025 (was €7,000)
Equity and liabilities
- Other debts -€113,309
down €113,309 (-67.6%), from €167,682 to €54,373
- Reserves +€66,380
up €66,380 (+15.1%), from €439,016 to €505,395
of which Distributable reserves: +€66,380
Income statement
- Taxes +€14,101
up €14,101 (+176%), from €8,000 to €22,101
- Gross operating margin +€12,992
up €12,992 (+9.8%), from €132,446 to €145,438
- Financial charges -€4,696
down €4,696 (-44.2%), from €10,632 to €5,935
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
€62,694
Gross operating margin
+€12,992
Other operating charges
+€98
Financial charges
+€4,696
Taxes
-€14,101
Result 2025
€66,380
raises the resultlowers the result
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
-€315
Investment
€0
Financing
€0
Cash 2024
€9,032
From operations (derived)
-€315
Net result for the year
+€66,380
Depreciation
+€38,562
Receivables within one year
+€7,000
Deferred charges and accrued income
-€12
Tax, wage and social debts
+€2,120
Other debts
-€113,309
Accrued charges and deferred income
-€1,056
Cash 2025
€8,718
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,525 | €626,659 | -€45,865 | -6.8% |
| Fixed assets | 21/28 | €655,239 | €616,676 | -€38,562 | -5.9% |
| Tangible fixed assets | 22/27 | €162,744 | €124,182 | -€38,562 | -23.7% |
| Land and buildings | 22 | €162,744 | €124,182 | -€38,562 | -23.7% |
| Financial fixed assets | 28 | €492,494 | €492,494 | = | 0.0% |
| Current assets | 29/58 | €17,286 | €9,983 | -€7,303 | -42.2% |
| Amounts receivable within one year | 40/41 | €7,000 | - | -€7,000 | |
| Other amounts receivable | 41 | €7,000 | - | -€7,000 | |
| Cash at bank and in hand | 54/58 | €9,032 | €8,718 | -€315 | -3.5% |
| Deferred charges and accrued income | 490/1 | €1,253 | €1,265 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €672,525 | €626,659 | -€45,865 | -6.8% |
| Equity | 10/15 | €501,016 | €567,395 | +€66,380 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €439,016 | €505,395 | +€66,380 | +15.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €432,816 | €499,195 | +€66,380 | +15.3% |
| Amounts payable | 17/49 | €171,509 | €59,264 | -€112,245 | -65.4% |
| Amounts payable within one year | 42/48 | €167,682 | €56,493 | -€111,189 | -66.3% |
| Taxes, remuneration and social security | 45 | - | €2,120 | +€2,120 | |
| Taxes | 450/3 | - | €2,120 | +€2,120 | |
| Other amounts payable | 47/48 | €167,682 | €54,373 | -€113,309 | -67.6% |
| Accrued charges and deferred income | 492/3 | €3,827 | €2,771 | -€1,056 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,562 | €38,562 | = | 0.0% |
| Other operating charges | 640/8 | €12,558 | €12,459 | -€98 | -0.8% |
| Gross operating margin | 9900 | €132,446 | €145,438 | +€12,992 | +9.8% |
| Operating profit (loss) | 9901 | €81,326 | €94,416 | +€13,090 | +16.1% |
| Financial charges | 65/66B | €10,632 | €5,935 | -€4,696 | -44.2% |
| Recurring financial charges | 65 | €10,632 | €5,935 | -€4,696 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €70,694 | €88,481 | +€17,787 | +25.2% |
| Income taxes | 67/77 | €8,000 | €22,101 | +€14,101 | +176% |
| Profit (loss) for the period | 9904 | €62,694 | €66,380 | +€3,686 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,694 | €66,380 | +€3,686 | +5.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.