Vall: 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.
Vall
Largest movements
- Receivables within one year -€25,262
down €25,262 (-96.2%), from €26,262 to €1,000
of which Other amounts receivable: -€26,262
- Tangible fixed assets -€15,306
down €15,306 (-21.8%), from €70,243 to €54,936
of which Furniture and vehicles: -€15,306
- Cash +€14,811
up €14,811 (+107%), from €13,830 to €28,641
mainly Receivables within one year (+€25,262) and Depreciation (+€15,306)
- Deferred charges and accrued income -€1,233
down €1,233 (-64.6%), from €1,909 to €676
- Profit (loss) carried forward -€15,823
down €15,823, from €45 to -€15,779
- Reserves -€14,102
down €14,102 (-52.3%), from €26,962 to €12,860
of which Distributable reserves: -€14,102
- Other debts +€13,882
up €13,882 (+22.6%), from €61,385 to €75,267
- Trade debts -€5,710
down €5,710 (-77.1%), from €7,408 to €1,698
- Tax, wage and social debts -€5,074
down €5,074 (-48.9%), from €10,369 to €5,295
- Depreciation +€11,591
up €11,591 (+312%), from €3,715 to €15,306
- Gross operating margin -€4,397
down €4,397 (-65.9%), from €6,670 to €2,273
- Financial charges -€878
down €878 (-63.0%), from €1,395 to €517
- Taxes +€546
up €546, from -€233 to €313
- Other operating charges +€503
up €503 (+34.4%), from €1,463 to €1,966
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.
Derived cash bridge
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 | €113,369 | €85,553 | -€27,816 | -24.5% |
| Fixed assets | 21/28 | €71,368 | €55,236 | -€16,131 | -22.6% |
| Tangible fixed assets | 22/27 | €70,243 | €54,936 | -€15,306 | -21.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €70,243 | €54,936 | -€15,306 | -21.8% |
| Financial fixed assets | 28 | €1,125 | €300 | -€825 | -73.3% |
| Current assets | 29/58 | €42,001 | €30,316 | -€11,685 | -27.8% |
| Amounts receivable within one year | 40/41 | €26,262 | €1,000 | -€25,262 | -96.2% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €26,262 | €0 | -€26,262 | -100% |
| Cash at bank and in hand | 54/58 | €13,830 | €28,641 | +€14,811 | +107% |
| Deferred charges and accrued income | 490/1 | €1,909 | €676 | -€1,233 | -64.6% |
| Total equity and liabilities | 10/49 | €113,369 | €85,553 | -€27,816 | -24.5% |
| Equity | 10/15 | €33,207 | €3,281 | -€29,926 | -90.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,962 | €12,860 | -€14,102 | -52.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,962 | €12,860 | -€14,102 | -52.3% |
| Profit (loss) carried forward | 14 | €45 | -€15,779 | -€15,823 | |
| Amounts payable | 17/49 | €80,162 | €82,272 | +€2,110 | +2.6% |
| Amounts payable within one year | 42/48 | €80,162 | €82,272 | +€2,110 | +2.6% |
| Financial debts | 43 | €1,000 | €12 | -€988 | -98.8% |
| Credit institutions | 430/8 | €1,000 | €12 | -€988 | -98.8% |
| Trade debts | 44 | €7,408 | €1,698 | -€5,710 | -77.1% |
| Suppliers | 440/4 | €7,408 | €1,698 | -€5,710 | -77.1% |
| Taxes, remuneration and social security | 45 | €10,369 | €5,295 | -€5,074 | -48.9% |
| Taxes | 450/3 | €10,369 | €5,295 | -€5,074 | -48.9% |
| Other amounts payable | 47/48 | €61,385 | €75,267 | +€13,882 | +22.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €44,233 | €14,779 | -€29,454 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,715 | €15,306 | +€11,591 | +312% |
| Other operating charges | 640/8 | €1,463 | €1,966 | +€503 | +34.4% |
| Non-recurring operating charges | 66A | €285 | €0 | -€285 | -100% |
| Gross operating margin | 9900 | €6,670 | €2,273 | -€4,397 | -65.9% |
| Operating profit (loss) | 9901 | €1,206 | -€15,000 | -€16,206 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +14,950% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +14,950% |
| Financial charges | 65/66B | €1,395 | €517 | -€878 | -63.0% |
| Recurring financial charges | 65 | €1,395 | €517 | -€878 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€189 | -€15,511 | -€15,322 | -8,125% |
| Income taxes | 67/77 | -€233 | €313 | +€546 | |
| Profit (loss) for the period | 9904 | €45 | -€15,823 | -€15,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €45 | -€15,823 | -€15,868 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.