VALNITEL: what changed
Two fiscal 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.
VALNITEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€1,050
up €1,050 (+1.4%), from €77,335 to €78,385
- Profit (loss) carried forward -€557
down €557 (-0.4%), from -€137,801 to -€138,358
- Trade debts -€493
no longer reported in 2024 (was €493)
- Gross operating margin +€493
no longer reported in 2024 (was -€493)
- Other operating charges -€450
no longer reported in 2024 (was €450)
From the 2022 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,000 | €2,000 | = | 0.0% |
| Equity | 10/15 | -€75,828 | -€76,385 | -€557 | -0.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,801 | -€138,358 | -€557 | -0.4% |
| Amounts payable | 17/49 | €77,828 | €78,385 | +€557 | +0.7% |
| Amounts payable within one year | 42/48 | €77,828 | €78,385 | +€557 | +0.7% |
| Trade debts | 44 | €493 | - | -€493 | |
| Suppliers | 440/4 | €493 | - | -€493 | |
| Other amounts payable | 47/48 | €77,335 | €78,385 | +€1,050 | +1.4% |
| Other operating charges | 640/8 | €450 | - | -€450 | |
| Gross operating margin | 9900 | -€493 | - | +€493 | |
| Operating profit (loss) | 9901 | -€942 | - | +€942 | |
| Profit (loss) for the period before taxes | 9903 | -€942 | - | +€942 | |
| Profit (loss) for the period | 9904 | -€942 | - | +€942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€942 | - | +€942 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.