Valmosan: 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.
Valmosan
Largest movements
- Current investments +€15,876
up €15,876 (+13.2%), from €120,415 to €136,291
- Tangible fixed assets +€13,050
up €13,050 (+147%), from €8,892 to €21,942
of which Furniture and vehicles: +€13,502
- Receivables within one year +€4,204
up €4,204 (+69.8%), from €6,027 to €10,231
of which Trade receivables: +€5,877
- Reserves +€20,864
up €20,864 (+13.2%), from €157,606 to €178,471
- Trade debts +€11,747
up €11,747 (+2,074%), from €566 to €12,313
- Other debts -€2,909
down €2,909 (-29.0%), from €10,025 to €7,116
- Gross operating margin +€16,452
up €16,452 (+86.0%), from €19,131 to €35,583
- Depreciation +€3,801
up €3,801 (+94.6%), from €4,020 to €7,820
- Taxes +€2,652
up €2,652 (+48.9%), from €5,419 to €8,071
- Financial income -€1,048
down €1,048 (-29.0%), from €3,612 to €2,564
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 | €188,567 | €219,667 | +€31,100 | +16.5% |
| Fixed assets | 21/28 | €12,481 | €24,705 | +€12,224 | +97.9% |
| Intangible fixed assets | 21 | €1,927 | €1,100 | -€827 | -42.9% |
| Tangible fixed assets | 22/27 | €8,892 | €21,942 | +€13,050 | +147% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,982 | €17,484 | +€13,502 | +339% |
| Other tangible fixed assets | 26 | €4,910 | €4,458 | -€452 | -9.2% |
| Financial fixed assets | 28 | €1,663 | €1,663 | = | 0.0% |
| Current assets | 29/58 | €176,086 | €194,962 | +€18,877 | +10.7% |
| Stocks and contracts in progress | 3 | €5,964 | €7,898 | +€1,934 | +32.4% |
| Stocks | 30/36 | €5,964 | €7,898 | +€1,934 | +32.4% |
| Amounts receivable within one year | 40/41 | €6,027 | €10,231 | +€4,204 | +69.8% |
| Trade receivables | 40 | €4,354 | €10,231 | +€5,877 | +135% |
| Other amounts receivable | 41 | €1,673 | - | -€1,673 | |
| Current investments | 50/53 | €120,415 | €136,291 | +€15,876 | +13.2% |
| Cash at bank and in hand | 54/58 | €40,323 | €38,484 | -€1,839 | -4.6% |
| Deferred charges and accrued income | 490/1 | €3,357 | €2,058 | -€1,298 | -38.7% |
| Total equity and liabilities | 10/49 | €188,567 | €219,667 | +€31,100 | +16.5% |
| Equity | 10/15 | €172,351 | €193,215 | +€20,864 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,606 | €178,471 | +€20,864 | +13.2% |
| Distributable reserves | 133 | €157,606 | €178,471 | +€20,864 | +13.2% |
| Profit (loss) carried forward | 14 | €8,544 | €8,544 | = | 0.0% |
| Amounts payable | 17/49 | €16,216 | €26,452 | +€10,236 | +63.1% |
| Amounts payable within one year | 42/48 | €16,216 | €26,452 | +€10,236 | +63.1% |
| Trade debts | 44 | €566 | €12,313 | +€11,747 | +2,074% |
| Suppliers | 440/4 | €566 | €12,313 | +€11,747 | +2,074% |
| Taxes, remuneration and social security | 45 | €5,625 | €7,023 | +€1,398 | +24.9% |
| Taxes | 450/3 | €5,625 | €7,023 | +€1,398 | +24.9% |
| Other amounts payable | 47/48 | €10,025 | €7,116 | -€2,909 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,020 | €7,820 | +€3,801 | +94.6% |
| Other operating charges | 640/8 | €899 | €833 | -€66 | -7.3% |
| Gross operating margin | 9900 | €19,131 | €35,583 | +€16,452 | +86.0% |
| Operating profit (loss) | 9901 | €14,213 | €26,930 | +€12,717 | +89.5% |
| Financial income | 75/76B | €3,612 | €2,564 | -€1,048 | -29.0% |
| Recurring financial income | 75 | €3,612 | €2,564 | -€1,048 | -29.0% |
| Financial charges | 65/66B | €683 | €560 | -€123 | -18.0% |
| Recurring financial charges | 65 | €683 | €560 | -€123 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €17,143 | €28,935 | +€11,792 | +68.8% |
| Income taxes | 67/77 | €5,419 | €8,071 | +€2,652 | +48.9% |
| Profit (loss) for the period | 9904 | €11,724 | €20,864 | +€9,140 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,724 | €20,864 | +€9,140 | +78.0% |
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 14 October 2026 via checked.be.