ValkVan Invest: what changed
ValkVan Invest
Largest movements
- Cash +€77,603
up €77,603 (+979%), from €7,923 to €85,526
mainly Investment in fixed assets (net) (+€71,985) and Other debts (+€55,540)
- Financial fixed assets -€71,985
down €71,985 (-41.4%), from €173,985 to €102,000
- Receivables within one year +€58,783
up €58,783 (+27.4%), from €214,809 to €273,592
of which Other amounts receivable: +€67,418
- Other debts +€55,540
up €55,540 (+33.4%), from €166,119 to €221,660
- Reserves +€22,221
up €22,221 (+17.4%), from €127,937 to €150,158
- Debts after one year -€9,548
down €9,548 (-17.9%), from €53,393 to €43,845
- Current portion of long-term debt -€6,456
down €6,456 (-40.3%), from €16,004 to €9,548
- Trade debts +€6,013
up €6,013 (+190%), from €3,158 to €9,171
- Gross operating margin +€9,170
up €9,170 (+19.4%), from €47,218 to €56,389
- Financial charges +€7,728
up €7,728 (+94.7%), from €8,163 to €15,892
of which Non-recurring financial charges: +€7,851
- Taxes +€4,561
up €4,561 (+34.7%), from €13,156 to €17,717
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 | €397,179 | €461,195 | +€64,016 | +16.1% |
| Fixed assets | 21/28 | €174,447 | €102,077 | -€72,370 | -41.5% |
| Tangible fixed assets | 22/27 | €463 | €77 | -€386 | -83.3% |
| Furniture and vehicles | 24 | €463 | €77 | -€386 | -83.3% |
| Financial fixed assets | 28 | €173,985 | €102,000 | -€71,985 | -41.4% |
| Current assets | 29/58 | €222,732 | €359,118 | +€136,386 | +61.2% |
| Amounts receivable within one year | 40/41 | €214,809 | €273,592 | +€58,783 | +27.4% |
| Trade receivables | 40 | €45,225 | €36,590 | -€8,635 | -19.1% |
| Other amounts receivable | 41 | €169,584 | €237,002 | +€67,418 | +39.8% |
| Cash at bank and in hand | 54/58 | €7,923 | €85,526 | +€77,603 | +979% |
| Total equity and liabilities | 10/49 | €397,179 | €461,195 | +€64,016 | +16.1% |
| Equity | 10/15 | €131,937 | €154,158 | +€22,221 | +16.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €127,937 | €150,158 | +€22,221 | +17.4% |
| Distributable reserves | 133 | €127,937 | €150,158 | +€22,221 | +17.4% |
| Amounts payable | 17/49 | €265,242 | €307,037 | +€41,795 | +15.8% |
| Amounts payable after more than one year | 17 | €53,393 | €43,845 | -€9,548 | -17.9% |
| Financial debts | 170/4 | €53,393 | €43,845 | -€9,548 | -17.9% |
| Amounts payable within one year | 42/48 | €211,850 | €263,193 | +€51,343 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €16,004 | €9,548 | -€6,456 | -40.3% |
| Financial debts | 43 | €2,861 | €809 | -€2,052 | -71.7% |
| Credit institutions | 430/8 | €2,861 | €809 | -€2,052 | -71.7% |
| Trade debts | 44 | €3,158 | €9,171 | +€6,013 | +190% |
| Suppliers | 440/4 | €3,158 | €9,171 | +€6,013 | +190% |
| Taxes, remuneration and social security | 45 | €23,708 | €22,006 | -€1,702 | -7.2% |
| Taxes | 450/3 | €23,708 | €22,006 | -€1,702 | -7.2% |
| Other amounts payable | 47/48 | €166,119 | €221,660 | +€55,540 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €386 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €671 | +€222 | +49.3% |
| Gross operating margin | 9900 | €47,218 | €56,389 | +€9,170 | +19.4% |
| Operating profit (loss) | 9901 | €46,383 | €55,332 | +€8,948 | +19.3% |
| Financial income | 75/76B | - | €497 | +€497 | |
| Recurring financial income | 75 | - | €497 | +€497 | |
| Financial charges | 65/66B | €8,163 | €15,892 | +€7,728 | +94.7% |
| Recurring financial charges | 65 | €3,164 | €3,042 | -€122 | -3.9% |
| Non-recurring financial charges | 66B | €4,999 | €12,850 | +€7,851 | +157% |
| Profit (loss) for the period before taxes | 9903 | €38,220 | €39,937 | +€1,717 | +4.5% |
| Income taxes | 67/77 | €13,156 | €17,717 | +€4,561 | +34.7% |
| Profit (loss) for the period | 9904 | €25,065 | €22,221 | -€2,844 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,065 | €22,221 | -€2,844 | -11.3% |
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 3 November 2026 via checked.be.