VALLAU: 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.
VALLAU
Largest movements
- Cash -€134,655
down €134,655 (-96.8%), from €139,169 to €4,514
mainly Investment in fixed assets (net) (-€100,046) and Net result for the year (-€49,424)
- Receivables within one year -€42,313
down €42,313 (-80.3%), from €52,704 to €10,391
of which Trade receivables: -€42,096
- Current investments +€31,273
up €31,273 (+615%), from €5,088 to €36,361
- Trade debts -€46,968
down €46,968 (-98.3%), from €47,787 to €818
- Debts after one year -€29,788
down €29,788 (-7.5%), from €397,430 to €367,642
- Reserves -€28,810
down €28,810 (-7.0%), from €410,114 to €381,304
- Profit (loss) carried forward -€20,614
down €20,614 (-21.5%), from -€95,825 to -€116,439
- Depreciation +€33,284
up €33,284 (+63.3%), from €52,542 to €85,825
- Gross operating margin +€28,450
up €28,450 (+194%), from €14,659 to €43,108
- Financial income -€11,612
down €11,612 (-96.7%), from €12,006 to €394
- Financial charges +€5,255
up €5,255 (+93.1%), from €5,647 to €10,902
- Other operating charges -€1,122
down €1,122 (-16.4%), from €6,850 to €5,727
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 | €2,036,629 | €1,908,795 | -€127,834 | -6.3% |
| Fixed assets | 21/28 | €1,839,669 | €1,853,889 | +€14,221 | +0.8% |
| Tangible fixed assets | 22/27 | €1,839,669 | €1,853,889 | +€14,221 | +0.8% |
| Land and buildings | 22 | €1,839,669 | €1,786,780 | -€52,889 | -2.9% |
| Furniture and vehicles | 24 | - | €67,110 | +€67,110 | |
| Current assets | 29/58 | €196,961 | €54,906 | -€142,055 | -72.1% |
| Amounts receivable within one year | 40/41 | €52,704 | €10,391 | -€42,313 | -80.3% |
| Trade receivables | 40 | €47,784 | €5,687 | -€42,096 | -88.1% |
| Other amounts receivable | 41 | €4,920 | €4,703 | -€217 | -4.4% |
| Current investments | 50/53 | €5,088 | €36,361 | +€31,273 | +615% |
| Cash at bank and in hand | 54/58 | €139,169 | €4,514 | -€134,655 | -96.8% |
| Deferred charges and accrued income | 490/1 | - | €3,640 | +€3,640 | |
| Total equity and liabilities | 10/49 | €2,036,629 | €1,908,795 | -€127,834 | -6.3% |
| Equity | 10/15 | €1,050,316 | €1,000,892 | -€49,424 | -4.7% |
| Contributions | 10/11 | €736,026 | €736,026 | = | 0.0% |
| Reserves | 13 | €410,114 | €381,304 | -€28,810 | -7.0% |
| Tax-exempt reserves | 132 | €410,114 | €381,304 | -€28,810 | -7.0% |
| Profit (loss) carried forward | 14 | -€95,825 | -€116,439 | -€20,614 | -21.5% |
| Provisions and deferred taxes | 16 | €169,420 | €159,816 | -€9,603 | -5.7% |
| Deferred taxes | 168 | €169,420 | €159,816 | -€9,603 | -5.7% |
| Amounts payable | 17/49 | €816,894 | €748,087 | -€68,806 | -8.4% |
| Amounts payable after more than one year | 17 | €397,430 | €367,642 | -€29,788 | -7.5% |
| Financial debts | 170/4 | €397,430 | €367,642 | -€29,788 | -7.5% |
| Amounts payable within one year | 42/48 | €415,988 | €369,341 | -€46,647 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €29,124 | €29,788 | +€664 | +2.3% |
| Trade debts | 44 | €47,787 | €818 | -€46,968 | -98.3% |
| Suppliers | 440/4 | €47,787 | €818 | -€46,968 | -98.3% |
| Taxes, remuneration and social security | 45 | €1,269 | €242 | -€1,027 | -80.9% |
| Taxes | 450/3 | €1,269 | €242 | -€1,027 | -80.9% |
| Other amounts payable | 47/48 | €337,809 | €338,493 | +€684 | +0.2% |
| Accrued charges and deferred income | 492/3 | €3,476 | €11,104 | +€7,629 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,542 | €85,825 | +€33,284 | +63.3% |
| Other operating charges | 640/8 | €6,850 | €5,727 | -€1,122 | -16.4% |
| Gross operating margin | 9900 | €14,659 | €43,108 | +€28,450 | +194% |
| Operating profit (loss) | 9901 | -€44,733 | -€48,445 | -€3,712 | -8.3% |
| Financial income | 75/76B | €12,006 | €394 | -€11,612 | -96.7% |
| Recurring financial income | 75 | €12,006 | €394 | -€11,612 | -96.7% |
| Financial charges | 65/66B | €5,647 | €10,902 | +€5,255 | +93.1% |
| Recurring financial charges | 65 | €5,647 | €10,902 | +€5,255 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,374 | -€58,953 | -€20,579 | -53.6% |
| Transfer from deferred taxes | 780 | €6,200 | €9,603 | +€3,403 | +54.9% |
| Income taxes | 67/77 | - | €75 | +€75 | |
| Profit (loss) for the period | 9904 | -€32,173 | -€49,424 | -€17,251 | -53.6% |
| Transfer from tax-exempt reserves | 789 | €18,600 | €28,810 | +€10,210 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,573 | -€20,614 | -€7,041 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.