VALMAXYS: 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.
VALMAXYS
Largest movements
- Stocks and contracts +€257,126
new in 2024: €257,126
- Current investments -€82,572
down €82,572 (-49.7%), from €166,132 to €83,561
- Cash -€15,886
down €15,886 (-68.3%), from €23,270 to €7,383
mainly Stocks and contracts (-€257,126) and Net result for the year (-€47,158)
- Receivables after one year -€5,000
down €5,000 (-100%), from €5,000 to €0
- Receivables within one year -€4,747
down €4,747 (-100%), from €4,747 to €0
- Other debts +€196,801
up €196,801 (+410%), from €48,000 to €244,801
- Profit (loss) carried forward -€47,158
down €47,158 (-65.3%), from €72,220 to €25,062
- Tax, wage and social debts -€7,769
down €7,769 (-22.9%), from €33,864 to €26,096
of which Taxes: -€7,769
- Trade debts +€4,025
up €4,025 (+146%), from €2,759 to €6,784
- Financial income -€101,804
down €101,804 (-91.0%), from €111,891 to €10,087
of which Non-recurring financial income: -€111,629
- Gross operating margin -€64,389
down €64,389, from €13,699 to -€50,689
- Taxes -€24,495
down €24,495 (-96.5%), from €25,374 to €880
- Depreciation +€1,659
up €1,659 (+67.5%), from €2,458 to €4,117
- Other operating charges -€1,146
down €1,146 (-48.9%), from €2,345 to €1,200
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.
Derived cash bridge
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 | €210,868 | €356,767 | +€145,899 | +69.2% |
| Fixed assets | 21/28 | €11,720 | €8,697 | -€3,022 | -25.8% |
| Tangible fixed assets | 22/27 | €11,720 | €8,697 | -€3,022 | -25.8% |
| Land and buildings | 22 | €597 | €0 | -€597 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,123 | €8,697 | -€2,425 | -21.8% |
| Current assets | 29/58 | €199,149 | €348,070 | +€148,921 | +74.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100% |
| Stocks and contracts in progress | 3 | - | €257,126 | +€257,126 | |
| Stocks | 30/36 | - | €257,126 | +€257,126 | |
| Amounts receivable within one year | 40/41 | €4,747 | €0 | -€4,747 | -100% |
| Other amounts receivable | 41 | €4,747 | €0 | -€4,747 | -100% |
| Current investments | 50/53 | €166,132 | €83,561 | -€82,572 | -49.7% |
| Cash at bank and in hand | 54/58 | €23,270 | €7,383 | -€15,886 | -68.3% |
| Total equity and liabilities | 10/49 | €210,868 | €356,767 | +€145,899 | +69.2% |
| Equity | 10/15 | €126,244 | €79,086 | -€47,158 | -37.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €46,525 | €46,525 | = | 0.0% |
| 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 | €44,665 | €44,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,220 | €25,062 | -€47,158 | -65.3% |
| Amounts payable | 17/49 | €84,624 | €277,681 | +€193,057 | +228% |
| Amounts payable within one year | 42/48 | €84,624 | €277,681 | +€193,057 | +228% |
| Trade debts | 44 | €2,759 | €6,784 | +€4,025 | +146% |
| Suppliers | 440/4 | €2,759 | €6,784 | +€4,025 | +146% |
| Taxes, remuneration and social security | 45 | €33,864 | €26,096 | -€7,769 | -22.9% |
| Taxes | 450/3 | €33,864 | €26,096 | -€7,769 | -22.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €48,000 | €244,801 | +€196,801 | +410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,458 | €4,117 | +€1,659 | +67.5% |
| Other operating charges | 640/8 | €2,345 | €1,200 | -€1,146 | -48.9% |
| Gross operating margin | 9900 | €13,699 | -€50,689 | -€64,389 | |
| Operating profit (loss) | 9901 | €8,896 | -€56,006 | -€64,902 | |
| Financial income | 75/76B | €111,891 | €10,087 | -€101,804 | -91.0% |
| Recurring financial income | 75 | €262 | €10,087 | +€9,825 | +3,749% |
| Non-recurring financial income | 76B | €111,629 | €0 | -€111,629 | -100% |
| Financial charges | 65/66B | €291 | €359 | +€68 | +23.4% |
| Recurring financial charges | 65 | €291 | €359 | +€68 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €120,496 | -€46,278 | -€166,775 | |
| Income taxes | 67/77 | €25,374 | €880 | -€24,495 | -96.5% |
| Profit (loss) for the period | 9904 | €95,122 | -€47,158 | -€142,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,122 | -€47,158 | -€142,280 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.