VALLUGA: 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.
VALLUGA
Largest movements
- Current investments +€177,076
up €177,076 (+70.6%), from €250,835 to €427,911
- Cash -€142,569
down €142,569 (-95.3%), from €149,648 to €7,079
mainly Debts after one year (-€333,333) and Current investments (-€177,076)
- Profit (loss) carried forward +€367,744
up €367,744 (+34.9%), from €1.1m to €1.4m
- Debts after one year -€333,333
down €333,333 (-13.8%), from €2.4m to €2.1m
of which Financial debts: -€333,333
- Financial charges -€8,194
down €8,194 (-18.7%), from €43,853 to €35,659
- Financial income +€4,125
up €4,125 (+4.1%), from €101,285 to €105,410
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 | €3,900,484 | €3,934,989 | +€34,506 | +0.9% |
| Fixed assets | 21/28 | €3,500,000 | €3,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,500,000 | €3,500,000 | = | 0.0% |
| Current assets | 29/58 | €400,484 | €434,989 | +€34,506 | +8.6% |
| Amounts receivable within one year | 40/41 | €2 | €0 | -€2 | -100% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Current investments | 50/53 | €250,835 | €427,911 | +€177,076 | +70.6% |
| Cash at bank and in hand | 54/58 | €149,648 | €7,079 | -€142,569 | -95.3% |
| Total equity and liabilities | 10/49 | €3,900,484 | €3,934,989 | +€34,506 | +0.9% |
| Equity | 10/15 | €1,055,972 | €1,423,716 | +€367,744 | +34.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,053,472 | €1,421,216 | +€367,744 | +34.9% |
| Amounts payable | 17/49 | €2,844,512 | €2,511,273 | -€333,238 | -11.7% |
| Amounts payable after more than one year | 17 | €2,416,667 | €2,083,334 | -€333,333 | -13.8% |
| Financial debts | 170/4 | €1,250,000 | €916,667 | -€333,333 | -26.7% |
| Other amounts payable | 178/9 | €1,166,667 | €1,166,667 | = | 0.0% |
| Amounts payable within one year | 42/48 | €427,845 | €427,899 | +€54 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €333,333 | €333,333 | = | 0.0% |
| Trade debts | 44 | €126 | €253 | +€127 | +101% |
| Suppliers | 440/4 | €126 | €253 | +€127 | +101% |
| Taxes, remuneration and social security | 45 | €90,885 | €90,727 | -€158 | -0.2% |
| Taxes | 450/3 | €90,885 | €90,727 | -€158 | -0.2% |
| Other amounts payable | 47/48 | €3,500 | €3,586 | +€86 | +2.5% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Other operating charges | 640/8 | €126 | €1,376 | +€1,250 | +992% |
| Gross operating margin | 9900 | €379,389 | €382,086 | +€2,697 | +0.7% |
| Operating profit (loss) | 9901 | €379,263 | €380,709 | +€1,447 | +0.4% |
| Financial income | 75/76B | €101,285 | €105,410 | +€4,125 | +4.1% |
| Recurring financial income | 75 | €101,285 | €105,410 | +€4,125 | +4.1% |
| Financial charges | 65/66B | €43,853 | €35,659 | -€8,194 | -18.7% |
| Recurring financial charges | 65 | €43,853 | €35,659 | -€8,194 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €436,695 | €450,461 | +€13,766 | +3.2% |
| Income taxes | 67/77 | €79,253 | €82,717 | +€3,464 | +4.4% |
| Profit (loss) for the period | 9904 | €357,442 | €367,744 | +€10,302 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €357,442 | €367,744 | +€10,302 | +2.9% |
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.