VALLAW: 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.
VALLAW
Largest movements
- Cash +€36,153
up €36,153 (+52.2%), from €69,271 to €105,423
mainly Other debts (+€72,674) and Net result for the year (+€18,789)
- Receivables within one year -€4,910
down €4,910 (-33.6%), from €14,599 to €9,689
of which Other amounts receivable: -€4,011
- Other debts +€72,674
up €72,674 (+281%), from €25,820 to €98,495
- Profit (loss) carried forward -€51,790
no longer reported in 2025 (was €51,790)
- Tax, wage and social debts +€8,063
up €8,063 (+319%), from €2,525 to €10,588
- Trade debts +€2,296
up €2,296 (+186%), from €1,234 to €3,530
- Gross operating margin +€3,653
up €3,653 (+17.7%), from €20,626 to €24,279
- Taxes +€713
up €713 (+17.1%), from €4,173 to €4,887
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 | €83,869 | €115,112 | +€31,243 | +37.3% |
| Current assets | 29/58 | €83,869 | €115,112 | +€31,243 | +37.3% |
| Amounts receivable within one year | 40/41 | €14,599 | €9,689 | -€4,910 | -33.6% |
| Trade receivables | 40 | €9,462 | €8,564 | -€898 | -9.5% |
| Other amounts receivable | 41 | €5,136 | €1,125 | -€4,011 | -78.1% |
| Cash at bank and in hand | 54/58 | €69,271 | €105,423 | +€36,153 | +52.2% |
| Total equity and liabilities | 10/49 | €83,869 | €115,112 | +€31,243 | +37.3% |
| Equity | 10/15 | €54,290 | €2,500 | -€51,790 | -95.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,790 | - | -€51,790 | |
| Amounts payable | 17/49 | €29,580 | €112,612 | +€83,033 | +281% |
| Amounts payable within one year | 42/48 | €29,580 | €112,612 | +€83,033 | +281% |
| Trade debts | 44 | €1,234 | €3,530 | +€2,296 | +186% |
| Suppliers | 440/4 | €1,234 | €3,530 | +€2,296 | +186% |
| Taxes, remuneration and social security | 45 | €2,525 | €10,588 | +€8,063 | +319% |
| Taxes | 450/3 | €2,525 | €10,588 | +€8,063 | +319% |
| Other amounts payable | 47/48 | €25,820 | €98,495 | +€72,674 | +281% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €20,626 | €24,279 | +€3,653 | +17.7% |
| Operating profit (loss) | 9901 | €20,123 | €23,771 | +€3,648 | +18.1% |
| Financial charges | 65/66B | €69 | €96 | +€26 | +38.0% |
| Recurring financial charges | 65 | €69 | €96 | +€26 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €20,054 | €23,676 | +€3,622 | +18.1% |
| Income taxes | 67/77 | €4,173 | €4,887 | +€713 | +17.1% |
| Profit (loss) for the period | 9904 | €15,881 | €18,789 | +€2,908 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,881 | €18,789 | +€2,908 | +18.3% |
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 13 October 2026 via checked.be.