VALLEY EVENTS: 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.
VALLEY EVENTS
Largest movements
- Cash +€11,045
up €11,045 (+58,132%), from €19 to €11,064
mainly Net result for the year (+€9,095) and Receivables within one year (+€2,540)
- Receivables within one year -€2,540
no longer reported in 2025 (was €2,540)
of which Trade receivables: -€2,312
- Stocks and contracts -€1,350
no longer reported in 2025 (was €1,350)
- Intangible fixed assets -€1,200
no longer reported in 2025 (was €1,200)
- Profit (loss) carried forward +€9,095
up €9,095 (+71.3%), from -€12,758 to -€3,663
- Other debts -€1,716
down €1,716 (-77.7%), from €2,209 to €493
- Debts after one year -€1,120
down €1,120 (-7.9%), from €14,120 to €13,000
- Trade debts -€304
no longer reported in 2025 (was €304)
- Gross operating margin +€10,892
up €10,892, from -€243 to €10,649
- Depreciation +€1,200
new in 2025: €1,200
- Other operating charges -€168
down €168 (-47.7%), from €352 to €184
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 | €5,109 | €11,064 | +€5,955 | +117% |
| Fixed assets | 21/28 | €1,200 | - | -€1,200 | |
| Intangible fixed assets | 21 | €1,200 | - | -€1,200 | |
| Current assets | 29/58 | €3,909 | €11,064 | +€7,155 | +183% |
| Stocks and contracts in progress | 3 | €1,350 | - | -€1,350 | |
| Stocks | 30/36 | €1,350 | - | -€1,350 | |
| Amounts receivable within one year | 40/41 | €2,540 | - | -€2,540 | |
| Trade receivables | 40 | €2,312 | - | -€2,312 | |
| Other amounts receivable | 41 | €228 | - | -€228 | |
| Cash at bank and in hand | 54/58 | €19 | €11,064 | +€11,045 | +58,132% |
| Total equity and liabilities | 10/49 | €5,109 | €11,064 | +€5,955 | +117% |
| Equity | 10/15 | -€11,524 | -€2,429 | +€9,095 | +78.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €34 | €34 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34 | €34 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34 | €34 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,758 | -€3,663 | +€9,095 | +71.3% |
| Amounts payable | 17/49 | €16,633 | €13,493 | -€3,140 | -18.9% |
| Amounts payable after more than one year | 17 | €14,120 | €13,000 | -€1,120 | -7.9% |
| Other amounts payable | 178/9 | €14,120 | €13,000 | -€1,120 | -7.9% |
| Amounts payable within one year | 42/48 | €2,513 | €493 | -€2,020 | -80.4% |
| Trade debts | 44 | €304 | - | -€304 | |
| Suppliers | 440/4 | €304 | - | -€304 | |
| Other amounts payable | 47/48 | €2,209 | €493 | -€1,716 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €352 | €184 | -€168 | -47.7% |
| Gross operating margin | 9900 | -€243 | €10,649 | +€10,892 | |
| Operating profit (loss) | 9901 | -€595 | €9,265 | +€9,860 | |
| Financial charges | 65/66B | €159 | €170 | +€11 | +6.9% |
| Recurring financial charges | 65 | €159 | €170 | +€11 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€754 | €9,095 | +€9,849 | |
| Profit (loss) for the period | 9904 | -€754 | €9,095 | +€9,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€754 | €9,095 | +€9,849 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.