Valmouriane & Company: what changed
What changed
Valmouriane & Company
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€235,598
2024 · €359,117-€123,519
Equity
€173,930
2024 · €582,563-€408,632
Cash
€201,408
2024 · €522,286-€320,878
Balance sheet total
€245,453
2024 · €679,794-€434,342
Largest movements
Assets
- Cash -€320,878
down €320,878 (-61.4%), from €522,286 to €201,408
mainly Contributions, distributions and other (-€644,230) and Tax, wage and social debts (-€29,837)
- Current investments -€99,658
down €99,658 (-89.0%), from €111,919 to €12,261
- Receivables within one year -€14,578
down €14,578 (-75.7%), from €19,262 to €4,684
of which Other amounts receivable: -€12,022
Equity and liabilities
- Reserves -€408,632
down €408,632 (-72.5%), from €563,963 to €155,330
of which Distributable reserves: -€408,632
- Tax, wage and social debts -€29,837
down €29,837 (-32.6%), from €91,543 to €61,705
Income statement
- Gross operating margin -€191,294
down €191,294 (-39.4%), from €485,871 to €294,577
- Taxes -€59,680
down €59,680 (-45.1%), from €132,390 to €72,710
- Financial income +€8,218
up €8,218 (+76.9%), from €10,689 to €18,907
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€359,117
Gross operating margin
-€191,294
Depreciation
-€1,158
Other operating charges
+€46
Financial income
+€8,218
Financial charges
+€990
Taxes
+€59,680
Result 2025
€235,598
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€229,696
Investment
+€91,442
Financing
-€642,016
Cash 2024
€522,286
From operations (derived)
+€229,696
Net result for the year
+€235,598
Depreciation
+€2,366
Receivables within one year
+€14,578
Deferred charges and accrued income
+€5,077
Trade debts
-€2,317
Tax, wage and social debts
-€29,837
Other debts
+€4,231
Investment (derived)
+€91,442
Investment in fixed assets (net)
-€8,216
Current investments
+€99,658
Financing
-€642,016
Short-term financial debts
+€2,214
Contributions, distributions and other
-€644,230
Cash 2025
€201,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,794 | €245,453 | -€434,342 | -63.9% |
| Fixed assets | 21/28 | €5,476 | €11,326 | +€5,850 | +107% |
| Tangible fixed assets | 22/27 | €5,476 | €11,326 | +€5,850 | +107% |
| Plant, machinery and equipment | 23 | €1,852 | €1,397 | -€456 | -24.6% |
| Furniture and vehicles | 24 | €1,124 | €7,429 | +€6,305 | +561% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €674,319 | €234,127 | -€440,192 | -65.3% |
| Amounts receivable within one year | 40/41 | €19,262 | €4,684 | -€14,578 | -75.7% |
| Trade receivables | 40 | €2,556 | €0 | -€2,556 | -100% |
| Other amounts receivable | 41 | €16,706 | €4,684 | -€12,022 | -72.0% |
| Current investments | 50/53 | €111,919 | €12,261 | -€99,658 | -89.0% |
| Cash at bank and in hand | 54/58 | €522,286 | €201,408 | -€320,878 | -61.4% |
| Deferred charges and accrued income | 490/1 | €20,852 | €15,775 | -€5,077 | -24.3% |
| Total equity and liabilities | 10/49 | €679,794 | €245,453 | -€434,342 | -63.9% |
| Equity | 10/15 | €582,563 | €173,930 | -€408,632 | -70.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €563,963 | €155,330 | -€408,632 | -72.5% |
| Tax-exempt reserves | 132 | €119,732 | €119,732 | = | 0.0% |
| Distributable reserves | 133 | €444,230 | €35,598 | -€408,632 | -92.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,232 | €71,522 | -€25,710 | -26.4% |
| Amounts payable within one year | 42/48 | €97,232 | €71,522 | -€25,710 | -26.4% |
| Financial debts | 43 | €282 | €2,496 | +€2,214 | +786% |
| Credit institutions | 430/8 | €282 | €0 | -€282 | -100% |
| Other loans | 439 | - | €2,496 | +€2,496 | |
| Trade debts | 44 | €5,408 | €3,091 | -€2,317 | -42.8% |
| Suppliers | 440/4 | €5,408 | €3,091 | -€2,317 | -42.8% |
| Taxes, remuneration and social security | 45 | €91,543 | €61,705 | -€29,837 | -32.6% |
| Taxes | 450/3 | €91,543 | €61,705 | -€29,837 | -32.6% |
| Other amounts payable | 47/48 | €0 | €4,231 | +€4,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,208 | €2,366 | +€1,158 | +95.8% |
| Other operating charges | 640/8 | €547 | €501 | -€46 | -8.4% |
| Gross operating margin | 9900 | €485,871 | €294,577 | -€191,294 | -39.4% |
| Operating profit (loss) | 9901 | €484,117 | €291,711 | -€192,406 | -39.7% |
| Financial income | 75/76B | €10,689 | €18,907 | +€8,218 | +76.9% |
| Recurring financial income | 75 | €10,689 | €18,907 | +€8,218 | +76.9% |
| Financial charges | 65/66B | €3,300 | €2,310 | -€990 | -30.0% |
| Recurring financial charges | 65 | €3,300 | €2,310 | -€990 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €491,506 | €308,308 | -€183,198 | -37.3% |
| Income taxes | 67/77 | €132,390 | €72,710 | -€59,680 | -45.1% |
| Profit (loss) for the period | 9904 | €359,117 | €235,598 | -€123,519 | -34.4% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €0 | -€84,200 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €443,317 | €235,598 | -€207,719 | -46.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.