VALLÉE HOLDING: 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.
VALLÉE HOLDING
Largest movements
- Intangible fixed assets -€686,794
down €686,794 (-10.6%), from €6.5m to €5.8m
- Profit (loss) carried forward -€699,714
down €699,714 (-57.9%), from -€1.2m to -€1.9m
- Depreciation +€337,008
up €337,008 (+96.3%), from €349,786 to €686,794
- Write-downs -€159,999
no longer reported in 2024 (was €159,999)
- Gross operating margin -€6,795
down €6,795 (-214%), from -€3,173 to -€9,968
- Other operating charges -€3,739
down €3,739 (-58.9%), from €6,347 to €2,608
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 | €13,392,230 | €12,657,801 | -€734,429 | -5.5% |
| Fixed assets | 21/28 | €13,288,731 | €12,601,937 | -€686,794 | -5.2% |
| Intangible fixed assets | 21 | €6,460,039 | €5,773,245 | -€686,794 | -10.6% |
| Financial fixed assets | 28 | €6,828,692 | €6,828,692 | = | 0.0% |
| Current assets | 29/58 | €103,499 | €55,864 | -€47,635 | -46.0% |
| Amounts receivable within one year | 40/41 | €55,630 | €55,630 | = | 0.0% |
| Trade receivables | 40 | €1 | - | -€1 | |
| Other amounts receivable | 41 | €55,629 | €55,630 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €47,869 | €234 | -€47,635 | -99.5% |
| Total equity and liabilities | 10/49 | €13,392,230 | €12,657,801 | -€734,429 | -5.5% |
| Equity | 10/15 | €12,942,884 | €12,243,170 | -€699,714 | -5.4% |
| Contributions | 10/11 | €7,437,079 | €7,437,079 | = | 0.0% |
| Capital | 10 | €7,437,079 | €7,437,079 | = | 0.0% |
| Issued capital | 100 | €7,437,079 | €7,437,079 | = | 0.0% |
| Revaluation surpluses | 12 | €6,714,252 | €6,714,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,208,447 | -€1,908,161 | -€699,714 | -57.9% |
| Amounts payable | 17/49 | €449,347 | €414,631 | -€34,715 | -7.7% |
| Amounts payable within one year | 42/48 | €447,420 | €411,472 | -€35,948 | -8.0% |
| Trade debts | 44 | €18,198 | €170 | -€18,028 | -99.1% |
| Suppliers | 440/4 | €18,198 | €170 | -€18,028 | -99.1% |
| Other amounts payable | 47/48 | €429,222 | €411,302 | -€17,920 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,927 | €3,160 | +€1,233 | +64.0% |
| Non-recurring operating income | 76A | €28,665 | - | -€28,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,786 | €686,794 | +€337,008 | +96.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €159,999 | - | -€159,999 | |
| Other operating charges | 640/8 | €6,347 | €2,608 | -€3,739 | -58.9% |
| Gross operating margin | 9900 | -€3,173 | -€9,968 | -€6,795 | -214% |
| Operating profit (loss) | 9901 | -€519,306 | -€699,370 | -€180,065 | -34.7% |
| Financial charges | 65/66B | €367 | €344 | -€23 | -6.3% |
| Recurring financial charges | 65 | €367 | €344 | -€23 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€519,672 | -€699,714 | -€180,042 | -34.6% |
| Profit (loss) for the period | 9904 | -€519,672 | -€699,714 | -€180,042 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€519,672 | -€699,714 | -€180,042 | -34.6% |
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 17 October 2026 via checked.be.