VALLERO: 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.
VALLERO
Largest movements
- Receivables within one year +€21,057
up €21,057 (+197.7%), from €10,653 to €31,710
of which Trade receivables: +€21,296
- Tangible fixed assets -€12,129
down €12,129 (-22.5%), from €53,943 to €41,814
of which Land and buildings: -€7,756
- Cash -€2,071
down €2,071 (-10.0%), from €20,643 to €18,572
mainly Receivables within one year (-€21,057) and Investment in fixed assets (net) (-€2,058)
- Profit (loss) carried forward +€3,111
up €3,111 (+23.6%), from €13,179 to €16,290
- Contributions +€1,859
up €1,859 (+1.6%), from €118,592 to €120,451
- Reserves -€1,859
no longer reported in 2024 (was €1,859)
- Gross operating margin -€3,868
down €3,868 (-16.2%), from €23,888 to €20,020
- Taxes +€543
up €543 (+88.1%), from €616 to €1,159
- Depreciation -€396
down €396 (-2.7%), from €14,583 to €14,187
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.
Cash bridge derived
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 | €138,365 | €143,951 | +€5,586 | +4.0% |
| Fixed assets | 21/28 | €53,999 | €41,870 | -€12,129 | -22.5% |
| Tangible fixed assets | 22/27 | €53,943 | €41,814 | -€12,129 | -22.5% |
| Land and buildings | 22 | €30,436 | €22,680 | -€7,756 | -25.5% |
| Plant, machinery and equipment | 23 | €15,686 | €15,223 | -€463 | -3.0% |
| Furniture and vehicles | 24 | €7,821 | €3,911 | -€3,910 | -50.0% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €84,366 | €102,081 | +€17,715 | +21.0% |
| Stocks and contracts in progress | 3 | €53,033 | €51,799 | -€1,234 | -2.3% |
| Stocks | 30/36 | €53,033 | €51,799 | -€1,234 | -2.3% |
| Amounts receivable within one year | 40/41 | €10,653 | €31,710 | +€21,057 | +197.7% |
| Trade receivables | 40 | €10,414 | €31,710 | +€21,296 | +204.5% |
| Other amounts receivable | 41 | €239 | - | -€239 | |
| Cash at bank and in hand | 54/58 | €20,643 | €18,572 | -€2,071 | -10.0% |
| Deferred charges and accrued income | 490/1 | €37 | - | -€37 | |
| Total equity and liabilities | 10/49 | €138,365 | €143,951 | +€5,586 | +4.0% |
| Equity | 10/15 | €133,630 | €136,741 | +€3,111 | +2.3% |
| Contributions | 10/11 | €118,592 | €120,451 | +€1,859 | +1.6% |
| Outside capital | 11 | €118,592 | - | -€118,592 | |
| Other | 1109/19 | €118,592 | - | -€118,592 | |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | €13,179 | €16,290 | +€3,111 | +23.6% |
| Amounts payable | 17/49 | €4,735 | €7,210 | +€2,475 | +52.3% |
| Amounts payable within one year | 42/48 | €4,735 | €7,210 | +€2,475 | +52.3% |
| Trade debts | 44 | €753 | €1,563 | +€810 | +107.6% |
| Suppliers | 440/4 | €753 | €1,563 | +€810 | +107.6% |
| Taxes, remuneration and social security | 45 | - | €1,300 | +€1,300 | |
| Taxes | 450/3 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €3,982 | €4,347 | +€365 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,583 | €14,187 | -€396 | -2.7% |
| Other operating charges | 640/8 | €1,267 | €1,377 | +€110 | +8.7% |
| Gross operating margin | 9900 | €23,888 | €20,020 | -€3,868 | -16.2% |
| Operating profit (loss) | 9901 | €8,038 | €4,456 | -€3,582 | -44.6% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €73 | €210 | +€137 | +187.7% |
| Recurring financial charges | 65 | €73 | €210 | +€137 | +187.7% |
| Profit (loss) for the period before taxes | 9903 | €7,965 | €4,270 | -€3,695 | -46.4% |
| Income taxes | 67/77 | €616 | €1,159 | +€543 | +88.1% |
| Profit (loss) for the period | 9904 | €7,349 | €3,111 | -€4,238 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,349 | €3,111 | -€4,238 | -57.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.