VALLEO: 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.
VALLEO
Largest movements
- Cash +€374
up €374 (+4870.8%), from €8 to €382
mainly Net result for the year (+€1,794) and Receivables within one year (+€47)
- Receivables within one year -€47
down €47 (-21.9%), from €215 to €168
- Tangible fixed assets -€22
no longer reported in 2025 (was €22)
- Profit (loss) carried forward +€1,794
up €1,794 (+3.6%), from -€49,793 to -€47,999
- Tax, wage and social debts -€1,158
down €1,158 (-57.6%), from €2,009 to €851
- Trade debts -€319
down €319 (-51.2%), from €622 to €303
- Other debts -€12
down €12 (0.0%), from €28,807 to €28,795
- Gross operating margin +€7,047
up €7,047, from -€4,725 to €2,322
- Depreciation -€80
down €80 (-78.1%), from €102 to €22
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 | €245 | €549 | +€305 | +124.5% |
| Fixed assets | 21/28 | €22 | - | -€22 | |
| Tangible fixed assets | 22/27 | €22 | - | -€22 | |
| Furniture and vehicles | 24 | €22 | - | -€22 | |
| Current assets | 29/58 | €222 | €549 | +€327 | +147.2% |
| Amounts receivable within one year | 40/41 | €215 | €168 | -€47 | -21.9% |
| Trade receivables | 40 | €215 | €168 | -€47 | -21.9% |
| Cash at bank and in hand | 54/58 | €8 | €382 | +€374 | +4870.8% |
| Total equity and liabilities | 10/49 | €245 | €549 | +€305 | +124.5% |
| Equity | 10/15 | -€31,193 | -€29,399 | +€1,794 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,793 | -€47,999 | +€1,794 | +3.6% |
| Amounts payable | 17/49 | €31,438 | €29,949 | -€1,489 | -4.7% |
| Amounts payable within one year | 42/48 | €31,438 | €29,949 | -€1,489 | -4.7% |
| Trade debts | 44 | €622 | €303 | -€319 | -51.2% |
| Suppliers | 440/4 | €622 | €303 | -€319 | -51.2% |
| Taxes, remuneration and social security | 45 | €2,009 | €851 | -€1,158 | -57.6% |
| Taxes | 450/3 | €2,009 | €851 | -€1,158 | -57.6% |
| Other amounts payable | 47/48 | €28,807 | €28,795 | -€12 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102 | €22 | -€80 | -78.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,725 | €2,322 | +€7,047 | |
| Operating profit (loss) | 9901 | -€5,215 | €1,900 | +€7,115 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €124 | €106 | -€18 | -14.7% |
| Recurring financial charges | 65 | €124 | €106 | -€18 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,309 | €1,794 | +€7,103 | |
| Profit (loss) for the period | 9904 | -€5,309 | €1,794 | +€7,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,309 | €1,794 | +€7,103 |
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 2 October 2026 via checked.be.