VALO IMMO: 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.
VALO IMMO
Largest movements
- Tangible fixed assets -€2,304
down €2,304 (-4.3%), from €54,084 to €51,779
- Profit (loss) carried forward -€1,731
down €1,731 (-6.2%), from -€28,073 to -€29,803
- Short-term financial debts -€578
down €578 (-1.2%), from €48,771 to €48,193
of which Other loans: -€559
- Gross operating margin -€1,335
down €1,335 (-38.0%), from €3,510 to €2,175
- Other operating charges +€315
up €315 (+25.2%), from €1,250 to €1,565
- Financial charges -€37
down €37 (-50.4%), from €73 to €36
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,605 | €52,296 | -€2,309 | -4.2% |
| Fixed assets | 21/28 | €54,084 | €51,779 | -€2,304 | -4.3% |
| Tangible fixed assets | 22/27 | €54,084 | €51,779 | -€2,304 | -4.3% |
| Land and buildings | 22 | €54,084 | €51,779 | -€2,304 | -4.3% |
| Current assets | 29/58 | €521 | €517 | -€4 | -0.8% |
| Deferred charges and accrued income | 490/1 | €521 | €517 | -€4 | -0.8% |
| Total equity and liabilities | 10/49 | €54,605 | €52,296 | -€2,309 | -4.2% |
| Equity | 10/15 | €5,833 | €4,103 | -€1,731 | -29.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €9,116 | €9,116 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €8,186 | €8,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,073 | -€29,803 | -€1,731 | -6.2% |
| Amounts payable | 17/49 | €48,771 | €48,193 | -€578 | -1.2% |
| Amounts payable within one year | 42/48 | €48,771 | €48,193 | -€578 | -1.2% |
| Financial debts | 43 | €48,771 | €48,193 | -€578 | -1.2% |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Other loans | 439 | €48,752 | €48,193 | -€559 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,304 | €2,304 | = | 0.0% |
| Other operating charges | 640/8 | €1,250 | €1,565 | +€315 | +25.2% |
| Gross operating margin | 9900 | €3,510 | €2,175 | -€1,335 | -38.0% |
| Operating profit (loss) | 9901 | -€44 | -€1,695 | -€1,651 | -3,748% |
| Financial charges | 65/66B | €73 | €36 | -€37 | -50.4% |
| Recurring financial charges | 65 | €73 | €36 | -€37 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€117 | -€1,731 | -€1,614 | -1,385% |
| Profit (loss) for the period | 9904 | -€117 | -€1,731 | -€1,614 | -1,385% |
| Profit (loss) for the period to be appropriated | 9905 | -€117 | -€1,731 | -€1,614 | -1,385% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.