VALLA GROUP: 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.
VALLA GROUP
Largest movements
- Receivables within one year +€73,066
up €73,066 (+104%), from €70,165 to €143,231
of which Trade receivables: +€100,021
- Cash -€43,663
down €43,663 (-66.0%), from €66,167 to €22,505
mainly Contributions, distributions and other (-€76,984) and Receivables within one year (-€73,066)
- Tangible fixed assets +€14,063
up €14,063 (+7.9%), from €177,559 to €191,623
of which Furniture and vehicles: +€28,022
- Tax, wage and social debts +€20,485
up €20,485 (+226%), from €9,045 to €29,529
of which Taxes: +€21,219
- Trade debts +€16,423
up €16,423 (+77.6%), from €21,151 to €37,574
- Current portion of long-term debt +€10,249
up €10,249 (+59.4%), from €17,246 to €27,494
- Debts after one year -€7,519
down €7,519 (-14.5%), from €51,779 to €44,260
- Other debts +€6,896
up €6,896, from €0 to €6,896
- Gross operating margin +€149,459
up €149,459, from -€4,964 to €144,496
- Staff costs -€18,264
down €18,264 (-29.4%), from €62,223 to €43,958
- Financial charges -€3,419
down €3,419 (-53.4%), from €6,398 to €2,979
- Depreciation -€1,897
down €1,897 (-9.7%), from €19,508 to €17,611
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,608 | €362,142 | +€46,533 | +14.7% |
| Fixed assets | 21/28 | €177,844 | €191,908 | +€14,063 | +7.9% |
| Tangible fixed assets | 22/27 | €177,559 | €191,623 | +€14,063 | +7.9% |
| Land and buildings | 22 | €160,918 | €149,019 | -€11,899 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,342 | €33,364 | +€28,022 | +525% |
| Other tangible fixed assets | 26 | €11,299 | €9,239 | -€2,060 | -18.2% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €137,764 | €170,234 | +€32,470 | +23.6% |
| Amounts receivable within one year | 40/41 | €70,165 | €143,231 | +€73,066 | +104% |
| Trade receivables | 40 | €34,664 | €134,684 | +€100,021 | +289% |
| Other amounts receivable | 41 | €35,501 | €8,547 | -€26,955 | -75.9% |
| Cash at bank and in hand | 54/58 | €66,167 | €22,505 | -€43,663 | -66.0% |
| Deferred charges and accrued income | 490/1 | €1,432 | €4,498 | +€3,067 | +214% |
| Total equity and liabilities | 10/49 | €315,608 | €362,142 | +€46,533 | +14.7% |
| Equity | 10/15 | €216,388 | €216,388 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,788 | €197,788 | = | 0.0% |
| Distributable reserves | 133 | €197,788 | €197,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,220 | €145,754 | +€46,533 | +46.9% |
| Amounts payable after more than one year | 17 | €51,779 | €44,260 | -€7,519 | -14.5% |
| Financial debts | 170/4 | €51,779 | €44,260 | -€7,519 | -14.5% |
| Amounts payable within one year | 42/48 | €47,441 | €101,494 | +€54,053 | +114% |
| Current portion of amounts payable after more than one year | 42 | €17,246 | €27,494 | +€10,249 | +59.4% |
| Trade debts | 44 | €21,151 | €37,574 | +€16,423 | +77.6% |
| Suppliers | 440/4 | €21,151 | €37,574 | +€16,423 | +77.6% |
| Taxes, remuneration and social security | 45 | €9,045 | €29,529 | +€20,485 | +226% |
| Taxes | 450/3 | €3,555 | €24,774 | +€21,219 | +597% |
| Remuneration and social security | 454/9 | €5,490 | €4,756 | -€734 | -13.4% |
| Other amounts payable | 47/48 | €0 | €6,896 | +€6,896 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €62,223 | €43,958 | -€18,264 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,508 | €17,611 | -€1,897 | -9.7% |
| Other operating charges | 640/8 | €1,779 | €1,863 | +€84 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€4,964 | €144,496 | +€149,459 | |
| Operating profit (loss) | 9901 | -€88,474 | €81,063 | +€169,537 | |
| Financial income | 75/76B | €0 | €361 | +€360 | +105,985% |
| Recurring financial income | 75 | €0 | €361 | +€360 | +105,985% |
| Financial charges | 65/66B | €6,398 | €2,979 | -€3,419 | -53.4% |
| Recurring financial charges | 65 | €6,398 | €2,979 | -€3,419 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | -€94,871 | €78,445 | +€173,316 | |
| Income taxes | 67/77 | €126 | €1,461 | +€1,335 | +1,060% |
| Profit (loss) for the period | 9904 | -€94,997 | €76,984 | +€171,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,997 | €76,984 | +€171,981 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.