VALLINDAS LAW: 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.
VALLINDAS LAW
Largest movements
- Cash +€107,332
up €107,332 (+32.2%), from €332,970 to €440,302
mainly Net result for the year (+€140,758) and Other debts (+€53,601)
- Receivables within one year +€24,814
up €24,814 (+189%), from €13,108 to €37,922
of which Other amounts receivable: +€32,496
- Current investments +€18,000
up €18,000 (+63.2%), from €28,500 to €46,500
- Reserves +€84,335
up €84,335 (+22.8%), from €370,626 to €454,962
of which Distributable reserves: +€84,335
- Other debts +€53,601
new in 2025: €53,601
- Tax, wage and social debts +€12,748
up €12,748 (+2,172%), from €587 to €13,335
- Taxes +€18,824
up €18,824 (+46.4%), from €40,587 to €59,411
- Depreciation -€15,223
down €15,223 (-85.3%), from €17,849 to €2,626
- Gross operating margin +€10,351
up €10,351 (+5.4%), from €191,950 to €202,302
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 | €398,216 | €546,698 | +€148,483 | +37.3% |
| Fixed assets | 21/28 | €22,045 | €20,741 | -€1,304 | -5.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,952 | €8,648 | -€1,304 | -13.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,952 | €8,648 | -€1,304 | -13.1% |
| Financial fixed assets | 28 | €12,093 | €12,093 | = | 0.0% |
| Current assets | 29/58 | €376,171 | €525,957 | +€149,787 | +39.8% |
| Amounts receivable within one year | 40/41 | €13,108 | €37,922 | +€24,814 | +189% |
| Trade receivables | 40 | €7,682 | - | -€7,682 | |
| Other amounts receivable | 41 | €5,426 | €37,922 | +€32,496 | +599% |
| Current investments | 50/53 | €28,500 | €46,500 | +€18,000 | +63.2% |
| Cash at bank and in hand | 54/58 | €332,970 | €440,302 | +€107,332 | +32.2% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,233 | -€359 | -22.6% |
| Total equity and liabilities | 10/49 | €398,216 | €546,698 | +€148,483 | +37.3% |
| Equity | 10/15 | €389,226 | €473,562 | +€84,335 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,626 | €454,962 | +€84,335 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €368,766 | €453,102 | +€84,335 | +22.9% |
| Amounts payable | 17/49 | €8,989 | €73,136 | +€64,147 | +714% |
| Amounts payable within one year | 42/48 | €8,989 | €73,136 | +€64,147 | +714% |
| Trade debts | 44 | €8,402 | €6,200 | -€2,202 | -26.2% |
| Suppliers | 440/4 | €8,402 | €6,200 | -€2,202 | -26.2% |
| Taxes, remuneration and social security | 45 | €587 | €13,335 | +€12,748 | +2,172% |
| Taxes | 450/3 | €587 | €13,335 | +€12,748 | +2,172% |
| Other amounts payable | 47/48 | - | €53,601 | +€53,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,849 | €2,626 | -€15,223 | -85.3% |
| Other operating charges | 640/8 | €479 | €537 | +€58 | +12.1% |
| Gross operating margin | 9900 | €191,950 | €202,302 | +€10,351 | +5.4% |
| Operating profit (loss) | 9901 | €173,621 | €199,138 | +€25,517 | +14.7% |
| Financial income | 75/76B | €374 | €1,314 | +€939 | +251% |
| Recurring financial income | 75 | €374 | €1,314 | +€939 | +251% |
| Financial charges | 65/66B | €310 | €283 | -€27 | -8.7% |
| Recurring financial charges | 65 | €310 | €283 | -€27 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €173,686 | €200,168 | +€26,483 | +15.2% |
| Income taxes | 67/77 | €40,587 | €59,411 | +€18,824 | +46.4% |
| Profit (loss) for the period | 9904 | €133,099 | €140,758 | +€7,659 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €133,099 | €140,758 | +€7,659 | +5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.