Valo Solutions: 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 Solutions
Largest movements
- Receivables within one year +€49,063
up €49,063 (+52.8%), from €92,962 to €142,025
of which Other amounts receivable: +€49,790
- Cash +€31,057
up €31,057 (+84.5%), from €36,738 to €67,795
mainly Net result for the year (+€59,766) and Other debts (+€13,786)
- Tangible fixed assets -€8,636
down €8,636 (-66.1%), from €13,062 to €4,425
- Reserves +€59,251
up €59,251 (+219%), from €27,039 to €86,290
- Other debts +€13,786
new in 2025: €13,786
- Tax, wage and social debts +€6,333
up €6,333 (+18.3%), from €34,584 to €40,917
- Debts after one year -€4,425
no longer reported in 2025 (was €4,425)
- Current portion of long-term debt -€4,107
down €4,107 (-48.1%), from €8,533 to €4,425
No income-statement line moved by more than 1% of the activity.
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 | €144,202 | €216,770 | +€72,568 | +50.3% |
| Fixed assets | 21/28 | €13,062 | €4,425 | -€8,636 | -66.1% |
| Tangible fixed assets | 22/27 | €13,062 | €4,425 | -€8,636 | -66.1% |
| Furniture and vehicles | 24 | €13,062 | €4,425 | -€8,636 | -66.1% |
| Current assets | 29/58 | €131,141 | €212,345 | +€81,204 | +61.9% |
| Amounts receivable within one year | 40/41 | €92,962 | €142,025 | +€49,063 | +52.8% |
| Trade receivables | 40 | €18,272 | €17,545 | -€727 | -4.0% |
| Other amounts receivable | 41 | €74,690 | €124,480 | +€49,790 | +66.7% |
| Cash at bank and in hand | 54/58 | €36,738 | €67,795 | +€31,057 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,441 | €2,525 | +€1,084 | +75.2% |
| Total equity and liabilities | 10/49 | €144,202 | €216,770 | +€72,568 | +50.3% |
| Equity | 10/15 | €93,790 | €153,556 | +€59,766 | +63.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €27,039 | €86,290 | +€59,251 | +219% |
| Distributable reserves | 133 | €27,039 | €86,290 | +€59,251 | +219% |
| Profit (loss) carried forward | 14 | €59,251 | €59,766 | +€515 | +0.9% |
| Amounts payable | 17/49 | €50,413 | €63,214 | +€12,801 | +25.4% |
| Amounts payable after more than one year | 17 | €4,425 | - | -€4,425 | |
| Financial debts | 170/4 | €4,425 | - | -€4,425 | |
| Amounts payable within one year | 42/48 | €45,987 | €63,214 | +€17,227 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €8,533 | €4,425 | -€4,107 | -48.1% |
| Trade debts | 44 | €2,870 | €4,086 | +€1,215 | +42.3% |
| Suppliers | 440/4 | €2,870 | €4,086 | +€1,215 | +42.3% |
| Taxes, remuneration and social security | 45 | €34,584 | €40,917 | +€6,333 | +18.3% |
| Taxes | 450/3 | €34,584 | €40,917 | +€6,333 | +18.3% |
| Other amounts payable | 47/48 | - | €13,786 | +€13,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,880 | €8,636 | -€243 | -2.7% |
| Other operating charges | 640/8 | €704 | €1,043 | +€340 | +48.3% |
| Gross operating margin | 9900 | €84,771 | €85,296 | +€526 | +0.6% |
| Operating profit (loss) | 9901 | €75,187 | €75,616 | +€429 | +0.6% |
| Financial income | 75/76B | €902 | €1,149 | +€247 | +27.4% |
| Recurring financial income | 75 | €902 | €1,149 | +€247 | +27.4% |
| Financial charges | 65/66B | €992 | €585 | -€407 | -41.0% |
| Recurring financial charges | 65 | €992 | €585 | -€407 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €75,098 | €76,181 | +€1,083 | +1.4% |
| Income taxes | 67/77 | €15,846 | €16,414 | +€568 | +3.6% |
| Profit (loss) for the period | 9904 | €59,251 | €59,766 | +€515 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,251 | €59,766 | +€515 | +0.9% |
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.