VALKO BE: what changed
Two fiscal 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.
VALKO BE
Largest movements
- Tangible fixed assets -€77,906
down €77,906 (-25.6%), from €304,241 to €226,335
- Debts after one year -€89,588
down €89,588 (-55.2%), from €162,175 to €72,587
- Other debts +€10,830
up €10,830 (+25.8%), from €42,036 to €52,865
- Current portion of long-term debt -€9,640
down €9,640 (-41.3%), from €23,328 to €13,688
- Profit (loss) carried forward +€8,455
up €8,455 (+161.6%), from €5,232 to €13,688
- Gross operating margin -€11,626
down €11,626 (-10.9%), from €106,697 to €95,071
- Taxes +€2,968
new in 2025: €2,968
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.
Cash bridge derived
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 | €308,951 | €232,419 | -€76,532 | -24.8% |
| Fixed assets | 21/28 | €304,241 | €226,335 | -€77,906 | -25.6% |
| Tangible fixed assets | 22/27 | €304,241 | €226,335 | -€77,906 | -25.6% |
| Other tangible fixed assets | 26 | €304,241 | €226,335 | -€77,906 | -25.6% |
| Current assets | 29/58 | €4,710 | €6,084 | +€1,374 | +29.2% |
| Cash at bank and in hand | 54/58 | €4,546 | €5,911 | +€1,365 | +30.0% |
| Deferred charges and accrued income | 490/1 | €164 | €173 | +€9 | +5.5% |
| Total equity and liabilities | 10/49 | €308,951 | €232,419 | -€76,532 | -24.8% |
| Equity | 10/15 | €80,232 | €88,688 | +€8,455 | +10.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,232 | €13,688 | +€8,455 | +161.6% |
| Amounts payable | 17/49 | €228,719 | €143,732 | -€84,987 | -37.2% |
| Amounts payable after more than one year | 17 | €162,175 | €72,587 | -€89,588 | -55.2% |
| Financial debts | 170/4 | €162,175 | €72,587 | -€89,588 | -55.2% |
| Amounts payable within one year | 42/48 | €66,544 | €71,145 | +€4,601 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €23,328 | €13,688 | -€9,640 | -41.3% |
| Trade debts | 44 | €1,180 | €1,623 | +€443 | +37.6% |
| Suppliers | 440/4 | €1,180 | €1,623 | +€443 | +37.6% |
| Taxes, remuneration and social security | 45 | - | €2,968 | +€2,968 | |
| Taxes | 450/3 | - | €2,968 | +€2,968 | |
| Other amounts payable | 47/48 | €42,036 | €52,865 | +€10,830 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,906 | €77,906 | = | 0.0% |
| Other operating charges | 640/8 | €4,384 | €4,496 | +€111 | +2.5% |
| Gross operating margin | 9900 | €106,697 | €95,071 | -€11,626 | -10.9% |
| Operating profit (loss) | 9901 | €24,407 | €12,670 | -€11,737 | -48.1% |
| Financial charges | 65/66B | €1,904 | €1,247 | -€658 | -34.5% |
| Recurring financial charges | 65 | €1,904 | €1,247 | -€658 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €22,503 | €11,423 | -€11,079 | -49.2% |
| Income taxes | 67/77 | - | €2,968 | +€2,968 | |
| Profit (loss) for the period | 9904 | €22,503 | €8,455 | -€14,047 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,503 | €8,455 | -€14,047 | -62.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.