Vallie: 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.
Vallie
Largest movements
- Tangible fixed assets +€72,666
up €72,666 (+4.6%), from €1.6m to €1.6m
of which Land and buildings: +€43,646
- Other debts +€225,579
up €225,579 (+55.8%), from €404,492 to €630,071
- Debts after one year -€71,176
down €71,176 (-6.5%), from €1.1m to €1.0m
- Profit (loss) carried forward -€65,898
down €65,898 (-22.1%), from -€298,489 to -€364,386
- Gross operating margin +€33,996
up €33,996 (+684.5%), from €4,966 to €38,963
- Depreciation +€13,956
up €13,956 (+22.4%), from €62,412 to €76,367
- Other operating charges +€1,289
up €1,289 (+62.4%), from €2,065 to €3,354
- Financial income +€792
up €792 (+76932.0%), from €1 to €793
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 | €1,592,854 | €1,676,684 | +€83,830 | +5.3% |
| Fixed assets | 21/28 | €1,576,815 | €1,649,481 | +€72,666 | +4.6% |
| Tangible fixed assets | 22/27 | €1,576,815 | €1,649,481 | +€72,666 | +4.6% |
| Land and buildings | 22 | €1,521,410 | €1,565,056 | +€43,646 | +2.9% |
| Plant, machinery and equipment | 23 | €49,770 | €49,428 | -€343 | -0.7% |
| Furniture and vehicles | 24 | €5,635 | €34,997 | +€29,362 | +521.0% |
| Current assets | 29/58 | €16,039 | €27,203 | +€11,164 | +69.6% |
| Amounts receivable within one year | 40/41 | €6,363 | €15,643 | +€9,281 | +145.9% |
| Trade receivables | 40 | €1,827 | €5,023 | +€3,197 | +175.0% |
| Other amounts receivable | 41 | €4,536 | €10,620 | +€6,084 | +134.1% |
| Cash at bank and in hand | 54/58 | €9,676 | €11,560 | +€1,883 | +19.5% |
| Total equity and liabilities | 10/49 | €1,592,854 | €1,676,684 | +€83,830 | +5.3% |
| Equity | 10/15 | €1,511 | -€64,386 | -€65,898 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,489 | -€364,386 | -€65,898 | -22.1% |
| Amounts payable | 17/49 | €1,591,343 | €1,741,070 | +€149,727 | +9.4% |
| Amounts payable after more than one year | 17 | €1,089,305 | €1,018,128 | -€71,176 | -6.5% |
| Financial debts | 170/4 | €1,089,305 | €1,018,128 | -€71,176 | -6.5% |
| Amounts payable within one year | 42/48 | €477,011 | €704,512 | +€227,502 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €69,581 | €71,176 | +€1,595 | +2.3% |
| Trade debts | 44 | €2,937 | €555 | -€2,382 | -81.1% |
| Suppliers | 440/4 | €2,937 | €555 | -€2,382 | -81.1% |
| Advances received on contracts in progress | 46 | - | €2,710 | +€2,710 | |
| Other amounts payable | 47/48 | €404,492 | €630,071 | +€225,579 | +55.8% |
| Accrued charges and deferred income | 492/3 | €25,028 | €18,430 | -€6,598 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,412 | €76,367 | +€13,956 | +22.4% |
| Other operating charges | 640/8 | €2,065 | €3,354 | +€1,289 | +62.4% |
| Gross operating margin | 9900 | €4,966 | €38,963 | +€33,996 | +684.5% |
| Operating profit (loss) | 9901 | -€59,510 | -€40,758 | +€18,752 | +31.5% |
| Financial income | 75/76B | €1 | €793 | +€792 | +76932.0% |
| Recurring financial income | 75 | €1 | €793 | +€792 | +76932.0% |
| Financial charges | 65/66B | €26,190 | €25,933 | -€258 | -1.0% |
| Recurring financial charges | 65 | €26,190 | €25,933 | -€258 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€85,699 | -€65,898 | +€19,802 | +23.1% |
| Profit (loss) for the period | 9904 | -€85,699 | -€65,898 | +€19,802 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,699 | -€65,898 | +€19,802 | +23.1% |
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 6 October 2026 via checked.be.