VALKOM: 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.
VALKOM
Largest movements
- Tangible fixed assets -€30,952
down €30,952 (-8.7%), from €354,152 to €323,200
of which Furniture and vehicles: -€18,791
- Cash +€30,804
up €30,804 (+119.0%), from €25,880 to €56,684
mainly Net result for the year (+€55,627) and Depreciation (+€31,725)
- Debts after one year -€30,892
down €30,892 (-16.8%), from €184,202 to €153,310
- Reserves +€25,000
up €25,000 (+20.5%), from €121,860 to €146,860
of which Distributable reserves: +€25,000
- Tax, wage and social debts +€12,144
up €12,144 (+115.2%), from €10,543 to €22,687
of which Taxes: +€11,944
- Current portion of long-term debt -€6,389
down €6,389 (-16.4%), from €39,002 to €32,613
- Gross operating margin +€34,933
up €34,933 (+42.0%), from €83,078 to €118,011
- Taxes +€14,088
up €14,088 (+159.3%), from €8,842 to €22,930
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 | €381,190 | €379,884 | -€1,306 | -0.3% |
| Fixed assets | 21/28 | €354,152 | €323,200 | -€30,952 | -8.7% |
| Tangible fixed assets | 22/27 | €354,152 | €323,200 | -€30,952 | -8.7% |
| Land and buildings | 22 | €308,674 | €298,028 | -€10,646 | -3.4% |
| Furniture and vehicles | 24 | €31,366 | €12,574 | -€18,791 | -59.9% |
| Other tangible fixed assets | 26 | €14,113 | €12,598 | -€1,515 | -10.7% |
| Current assets | 29/58 | €27,037 | €56,684 | +€29,646 | +109.6% |
| Amounts receivable within one year | 40/41 | €1,158 | - | -€1,158 | |
| Other amounts receivable | 41 | €1,158 | - | -€1,158 | |
| Cash at bank and in hand | 54/58 | €25,880 | €56,684 | +€30,804 | +119.0% |
| Total equity and liabilities | 10/49 | €381,190 | €379,884 | -€1,306 | -0.3% |
| Equity | 10/15 | €142,449 | €166,218 | +€23,770 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,860 | €146,860 | +€25,000 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €145,000 | +€25,000 | +20.8% |
| Profit (loss) carried forward | 14 | €14,389 | €13,158 | -€1,230 | -8.6% |
| Amounts payable | 17/49 | €238,741 | €213,666 | -€25,076 | -10.5% |
| Amounts payable after more than one year | 17 | €184,202 | €153,310 | -€30,892 | -16.8% |
| Financial debts | 170/4 | €184,202 | €153,310 | -€30,892 | -16.8% |
| Amounts payable within one year | 42/48 | €54,539 | €60,355 | +€5,816 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €39,002 | €32,613 | -€6,389 | -16.4% |
| Taxes, remuneration and social security | 45 | €10,543 | €22,687 | +€12,144 | +115.2% |
| Taxes | 450/3 | €10,543 | €22,487 | +€11,944 | +113.3% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €4,994 | €5,055 | +€61 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,120 | €31,725 | +€606 | +1.9% |
| Other operating charges | 640/8 | €4,389 | €4,515 | +€126 | +2.9% |
| Gross operating margin | 9900 | €83,078 | €118,011 | +€34,933 | +42.0% |
| Operating profit (loss) | 9901 | €47,569 | €81,770 | +€34,201 | +71.9% |
| Financial charges | 65/66B | €3,602 | €3,214 | -€389 | -10.8% |
| Recurring financial charges | 65 | €3,602 | €3,214 | -€389 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €43,967 | €78,557 | +€34,590 | +78.7% |
| Income taxes | 67/77 | €8,842 | €22,930 | +€14,088 | +159.3% |
| Profit (loss) for the period | 9904 | €35,125 | €55,627 | +€20,502 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,125 | €55,627 | +€20,502 | +58.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.