VALLDESS: what changed
Two fiscal 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.
VALLDESS
Largest movements
- Current investments +€67,556
up €67,556 (+21.6%), from €313,184 to €380,740
- Financial fixed assets +€14,908
up €14,908 (+33.2%), from €44,884 to €59,792
- Receivables within one year +€10,707
up €10,707 (+22.2%), from €48,242 to €58,949
- Reserves +€80,353
up €80,353 (+21.2%), from €378,375 to €458,729
- Tax, wage and social debts +€11,236
up €11,236 (+39.6%), from €28,370 to €39,606
- Gross operating margin -€26,369
down €26,369 (-19.0%), from €138,709 to €112,340
- Taxes -€8,443
down €8,443 (-20.4%), from €41,385 to €32,942
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.
Cash bridge derived
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 | €432,347 | €524,723 | +€92,375 | +21.4% |
| Fixed assets | 21/28 | €54,169 | €67,015 | +€12,846 | +23.7% |
| Tangible fixed assets | 22/27 | €9,285 | €7,223 | -€2,061 | -22.2% |
| Plant, machinery and equipment | 23 | €2,690 | €2,031 | -€659 | -24.5% |
| Furniture and vehicles | 24 | €3,795 | €2,392 | -€1,402 | -37.0% |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Financial fixed assets | 28 | €44,884 | €59,792 | +€14,908 | +33.2% |
| Current assets | 29/58 | €378,178 | €457,707 | +€79,529 | +21.0% |
| Amounts receivable within one year | 40/41 | €48,242 | €58,949 | +€10,707 | +22.2% |
| Trade receivables | 40 | €48,242 | €58,949 | +€10,707 | +22.2% |
| Current investments | 50/53 | €313,184 | €380,740 | +€67,556 | +21.6% |
| Cash at bank and in hand | 54/58 | €12,486 | €13,431 | +€945 | +7.6% |
| Deferred charges and accrued income | 490/1 | €4,267 | €4,587 | +€321 | +7.5% |
| Total equity and liabilities | 10/49 | €432,347 | €524,723 | +€92,375 | +21.4% |
| Equity | 10/15 | €398,875 | €479,229 | +€80,353 | +20.1% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Reserves | 13 | €378,375 | €458,729 | +€80,353 | +21.2% |
| Distributable reserves | 133 | €378,375 | €458,729 | +€80,353 | +21.2% |
| Amounts payable | 17/49 | €33,472 | €45,494 | +€12,022 | +35.9% |
| Amounts payable within one year | 42/48 | €33,472 | €45,494 | +€12,022 | +35.9% |
| Financial debts | 43 | €1,926 | €359 | -€1,567 | -81.4% |
| Credit institutions | 430/8 | €1,926 | €359 | -€1,567 | -81.4% |
| Trade debts | 44 | €213 | €1,097 | +€883 | +414.7% |
| Suppliers | 440/4 | €213 | €1,097 | +€883 | +414.7% |
| Taxes, remuneration and social security | 45 | €28,370 | €39,606 | +€11,236 | +39.6% |
| Taxes | 450/3 | €28,370 | €39,606 | +€11,236 | +39.6% |
| Other amounts payable | 47/48 | €2,963 | €4,433 | +€1,470 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,705 | €2,061 | -€643 | -23.8% |
| Other operating charges | 640/8 | €923 | €550 | -€373 | -40.4% |
| Gross operating margin | 9900 | €138,709 | €112,340 | -€26,369 | -19.0% |
| Operating profit (loss) | 9901 | €135,081 | €109,729 | -€25,352 | -18.8% |
| Financial income | 75/76B | €5,095 | €6,441 | +€1,346 | +26.4% |
| Recurring financial income | 75 | €5,095 | €6,441 | +€1,346 | +26.4% |
| Financial charges | 65/66B | €3,514 | €2,875 | -€639 | -18.2% |
| Recurring financial charges | 65 | €3,514 | €2,875 | -€639 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €136,662 | €113,295 | -€23,367 | -17.1% |
| Income taxes | 67/77 | €41,385 | €32,942 | -€8,443 | -20.4% |
| Profit (loss) for the period | 9904 | €95,278 | €80,353 | -€14,925 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,278 | €80,353 | -€14,925 | -15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.