VALMEO: 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.
VALMEO
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+74.2%), from €1.4m to €2.4m
- Short-term financial debts +€972,272
up €972,272 (+145%), from €670,071 to €1.6m
- Debts after one year +€31,738
up €31,738 (+4.1%), from €781,642 to €813,380
- Gross operating margin +€48,583
up €48,583 (+222%), from €21,892 to €70,475
- Financial charges +€42,623
up €42,623 (+126%), from €33,887 to €76,511
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 | €1,564,284 | €2,581,463 | +€1.0m | +65.0% |
| Fixed assets | 21/28 | €40,000 | €40,000 | = | 0.0% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €1,524,284 | €2,541,463 | +€1.0m | +66.7% |
| Stocks and contracts in progress | 3 | €1,384,528 | €2,411,694 | +€1.0m | +74.2% |
| Stocks | 30/36 | €1,384,528 | €2,411,694 | +€1.0m | +74.2% |
| Amounts receivable within one year | 40/41 | €30,116 | €22,913 | -€7,203 | -23.9% |
| Other amounts receivable | 41 | €30,116 | €22,913 | -€7,203 | -23.9% |
| Cash at bank and in hand | 54/58 | €106,551 | €105,405 | -€1,146 | -1.1% |
| Deferred charges and accrued income | 490/1 | €3,088 | €1,451 | -€1,637 | -53.0% |
| Total equity and liabilities | 10/49 | €1,564,284 | €2,581,463 | +€1.0m | +65.0% |
| Equity | 10/15 | €87,211 | €80,752 | -€6,458 | -7.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,789 | -€19,248 | -€6,458 | -50.5% |
| Amounts payable | 17/49 | €1,477,073 | €2,500,711 | +€1.0m | +69.3% |
| Amounts payable after more than one year | 17 | €781,642 | €813,380 | +€31,738 | +4.1% |
| Other amounts payable | 178/9 | €781,642 | €813,380 | +€31,738 | +4.1% |
| Amounts payable within one year | 42/48 | €695,431 | €1,687,331 | +€991,900 | +143% |
| Financial debts | 43 | €670,071 | €1,642,343 | +€972,272 | +145% |
| Credit institutions | 430/8 | €670,071 | €1,642,343 | +€972,272 | +145% |
| Trade debts | 44 | €25,360 | €44,988 | +€19,628 | +77.4% |
| Suppliers | 440/4 | €25,360 | €44,988 | +€19,628 | +77.4% |
| Other operating charges | 640/8 | €794 | €423 | -€371 | -46.8% |
| Gross operating margin | 9900 | €21,892 | €70,475 | +€48,583 | +222% |
| Operating profit (loss) | 9901 | €21,098 | €70,052 | +€48,954 | +232% |
| Financial charges | 65/66B | €33,887 | €76,511 | +€42,623 | +126% |
| Recurring financial charges | 65 | €33,887 | €76,511 | +€42,623 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€12,789 | -€6,458 | +€6,331 | +49.5% |
| Profit (loss) for the period | 9904 | -€12,789 | -€6,458 | +€6,331 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,789 | -€6,458 | +€6,331 | +49.5% |
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 13 October 2026 via checked.be.