VALK-VASTGOED: what changed
VALK-VASTGOED
Largest movements
- Tangible fixed assets -€19,893
no longer reported in 2025 (was €19,893)
of which Furniture and vehicles: -€16,100
- Cash -€4,946
down €4,946 (-85.6%), from €5,777 to €831
mainly Current portion of long-term debt (-€132,034) and Debts after one year (-€6,850)
- Receivables within one year -€4,476
down €4,476 (-88.7%), from €5,043 to €568
of which Trade receivables: -€3,002
- Current portion of long-term debt -€132,034
no longer reported in 2025 (was €132,034)
- Other debts +€91,590
up €91,590 (+615%), from €14,895 to €106,484
- Profit (loss) carried forward +€17,708
up €17,708 (+11.7%), from -€151,105 to -€133,397
- Debts after one year -€6,850
no longer reported in 2025 (was €6,850)
- Trade debts +€486
up €486 (+221%), from €220 to €706
- Gross operating margin +€29,458
up €29,458 (+1,585%), from €1,858 to €31,316
- Depreciation -€25,188
no longer reported in 2025 (was €25,188)
- Write-downs +€4,350
no longer reported in 2025 (was -€4,350)
- Financial charges +€2,469
up €2,469 (+34.4%), from €7,180 to €9,649
- Other operating charges +€753
up €753 (+56.8%), from €1,327 to €2,080
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,714 | €1,399 | -€29,314 | -95.4% |
| Fixed assets | 21/28 | €19,893 | - | -€19,893 | |
| Tangible fixed assets | 22/27 | €19,893 | - | -€19,893 | |
| Land and buildings | 22 | €1,773 | - | -€1,773 | |
| Plant, machinery and equipment | 23 | €2,020 | - | -€2,020 | |
| Furniture and vehicles | 24 | €16,100 | - | -€16,100 | |
| Current assets | 29/58 | €10,820 | €1,399 | -€9,421 | -87.1% |
| Amounts receivable within one year | 40/41 | €5,043 | €568 | -€4,476 | -88.7% |
| Trade receivables | 40 | €3,569 | €568 | -€3,002 | -84.1% |
| Other amounts receivable | 41 | €1,474 | - | -€1,474 | |
| Cash at bank and in hand | 54/58 | €5,777 | €831 | -€4,946 | -85.6% |
| Total equity and liabilities | 10/49 | €30,714 | €1,399 | -€29,314 | -95.4% |
| Equity | 10/15 | -€123,605 | -€105,897 | +€17,708 | +14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,105 | -€133,397 | +€17,708 | +11.7% |
| Amounts payable | 17/49 | €154,319 | €107,296 | -€47,023 | -30.5% |
| Amounts payable after more than one year | 17 | €6,850 | - | -€6,850 | |
| Financial debts | 170/4 | €6,850 | - | -€6,850 | |
| Amounts payable within one year | 42/48 | €147,469 | €107,296 | -€40,173 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €132,034 | - | -€132,034 | |
| Trade debts | 44 | €220 | €706 | +€486 | +221% |
| Suppliers | 440/4 | €220 | €706 | +€486 | +221% |
| Taxes, remuneration and social security | 45 | €320 | €105 | -€215 | -67.1% |
| Taxes | 450/3 | €320 | €105 | -€215 | -67.1% |
| Other amounts payable | 47/48 | €14,895 | €106,484 | +€91,590 | +615% |
| Non-recurring operating income | 76A | - | €3,805 | +€3,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,188 | - | -€25,188 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,350 | - | +€4,350 | |
| Other operating charges | 640/8 | €1,327 | €2,080 | +€753 | +56.8% |
| Non-recurring operating charges | 66A | - | €1,773 | +€1,773 | |
| Gross operating margin | 9900 | €1,858 | €31,316 | +€29,458 | +1,585% |
| Operating profit (loss) | 9901 | -€20,307 | €27,462 | +€47,769 | |
| Financial income | 75/76B | €6 | €1 | -€6 | -90.9% |
| Recurring financial income | 75 | €6 | €1 | -€6 | -90.9% |
| Financial charges | 65/66B | €7,180 | €9,649 | +€2,469 | +34.4% |
| Recurring financial charges | 65 | €7,180 | €9,649 | +€2,469 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,481 | €17,814 | +€45,294 | |
| Income taxes | 67/77 | €144 | €105 | -€39 | -27.0% |
| Profit (loss) for the period | 9904 | -€27,625 | €17,708 | +€45,333 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,625 | €17,708 | +€45,333 |
Next steps
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 2 November 2026 via checked.be.