VALONIS: 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.
What changed
VALONIS
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€555,884
2024 · €769,524-€213,640
Equity
€10.4m
2024 · €9.8m+€555,884
Cash
€47,019
2024 · €36,603+€10,416
Balance sheet total
€17.4m
2024 · €17.1m+€311,791
Largest movements
Assets
- Receivables after one year +€875,300
up €875,300 (+99.9%), from €876,000 to €1.8m
- Tangible fixed assets -€480,105
down €480,105 (-3.0%), from €16.0m to €15.5m
of which Land and buildings: -€476,595
Equity and liabilities
- Debts after one year -€708,045
down €708,045 (-13.0%), from €5.4m to €4.7m
of which Financial debts: -€730,000
- Reserves +€555,884
up €555,884 (+24.1%), from €2.3m to €2.9m
of which Distributable reserves: +€528,089
- Provisions +€435,197
up €435,197 (+55.4%), from €784,929 to €1.2m
Income statement
- Provisions +€269,345
up €269,345 (+162.4%), from €165,852 to €435,197
- Taxes -€70,977
down €70,977 (-27.7%), from €256,604 to €185,627
- Other operating charges -€51,803
down €51,803 (-24.6%), from €210,374 to €158,571
- Financial charges +€47,746
up €47,746 (+22.4%), from €212,828 to €260,574
- Write-downs +€41,126
up €41,126, from -€981 to €40,145
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.
Result 2024
€769,524
Gross operating margin
+€22,844
Write-downs
-€41,126
Provisions
-€269,345
Other operating charges
+€51,803
Other operating items
-€859
Financial income
-€188
Financial charges
-€47,746
Taxes
+€70,977
Result 2025
€555,884
Cash bridge derived
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.
From operations
+€718,461
Investment
€0
Financing
-€708,045
Cash 2024
€36,603
From operations (derived)
+€718,461
Net result for the year
+€555,884
Depreciation
+€480,105
Receivables after one year
-€875,300
Receivables within one year
+€98,203
Deferred charges and accrued income
-€4,383
Provisions
+€435,197
Trade debts
+€49,832
Tax, wage and social debts
+€16,803
Other debts
-€35,542
Accrued charges and deferred income
-€2,338
Financing
-€708,045
Debts after one year
-€708,045
Cash 2025
€47,019
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,109,015 | €17,420,806 | +€311,791 | +1.8% |
| Fixed assets | 21/28 | €15,994,685 | €15,514,580 | -€480,105 | -3.0% |
| Tangible fixed assets | 22/27 | €15,994,685 | €15,514,580 | -€480,105 | -3.0% |
| Land and buildings | 22 | €15,984,849 | €15,508,254 | -€476,595 | -3.0% |
| Furniture and vehicles | 24 | €9,836 | €6,326 | -€3,510 | -35.7% |
| Current assets | 29/58 | €1,114,330 | €1,906,226 | +€791,896 | +71.1% |
| Amounts receivable after more than one year | 29 | €876,000 | €1,751,300 | +€875,300 | +99.9% |
| Other amounts receivable | 291 | €876,000 | €1,751,300 | +€875,300 | +99.9% |
| Amounts receivable within one year | 40/41 | €200,940 | €102,737 | -€98,203 | -48.9% |
| Trade receivables | 40 | €7,633 | €23,967 | +€16,335 | +214.0% |
| Other amounts receivable | 41 | €193,307 | €78,770 | -€114,537 | -59.3% |
| Cash at bank and in hand | 54/58 | €36,603 | €47,019 | +€10,416 | +28.5% |
| Deferred charges and accrued income | 490/1 | €787 | €5,170 | +€4,383 | +556.7% |
| Total equity and liabilities | 10/49 | €17,109,015 | €17,420,806 | +€311,791 | +1.8% |
| Equity | 10/15 | €9,809,512 | €10,365,396 | +€555,884 | +5.7% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Capital | 10 | €7,500,000 | €7,500,000 | = | 0.0% |
| Issued capital | 100 | €7,500,000 | €7,500,000 | = | 0.0% |
| Reserves | 13 | €2,309,512 | €2,865,396 | +€555,884 | +24.1% |
| Non-distributable reserves | 130/1 | €99,688 | €127,482 | +€27,794 | +27.9% |
| Legal reserve | 130 | €99,688 | €127,482 | +€27,794 | +27.9% |
| Tax-exempt reserves | 132 | €315,750 | €315,750 | = | 0.0% |
| Distributable reserves | 133 | €1,894,074 | €2,422,164 | +€528,089 | +27.9% |
| Provisions and deferred taxes | 16 | €784,929 | €1,220,126 | +€435,197 | +55.4% |
| Provisions for liabilities and charges | 160/5 | €784,929 | €1,220,126 | +€435,197 | +55.4% |
| Other liabilities and charges | 164/5 | €784,929 | €1,220,126 | +€435,197 | +55.4% |
| Amounts payable | 17/49 | €6,514,574 | €5,835,284 | -€679,290 | -10.4% |
| Amounts payable after more than one year | 17 | €5,447,403 | €4,739,358 | -€708,045 | -13.0% |
| Financial debts | 170/4 | €2,190,000 | €1,460,000 | -€730,000 | -33.3% |
| Other amounts payable | 178/9 | €3,257,403 | €3,279,358 | +€21,955 | +0.7% |
| Amounts payable within one year | 42/48 | €1,060,910 | €1,092,003 | +€31,094 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €730,000 | €730,000 | = | 0.0% |
| Trade debts | 44 | €82,404 | €132,236 | +€49,832 | +60.5% |
| Suppliers | 440/4 | €82,404 | €132,236 | +€49,832 | +60.5% |
| Taxes, remuneration and social security | 45 | €52,014 | €68,818 | +€16,803 | +32.3% |
| Taxes | 450/3 | €52,014 | €68,818 | +€16,803 | +32.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €196,492 | €160,949 | -€35,542 | -18.1% |
| Accrued charges and deferred income | 492/3 | €6,261 | €3,923 | -€2,338 | -37.3% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,105 | €480,105 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€981 | €40,145 | +€41,126 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €165,852 | €435,197 | +€269,345 | +162.4% |
| Other operating charges | 640/8 | €210,374 | €158,571 | -€51,803 | -24.6% |
| Non-recurring operating charges | 66A | €0 | €859 | +€859 | |
| Gross operating margin | 9900 | €2,094,017 | €2,116,861 | +€22,844 | +1.1% |
| Operating profit (loss) | 9901 | €1,238,667 | €1,001,984 | -€236,683 | -19.1% |
| Financial income | 75/76B | €288 | €100 | -€188 | -65.3% |
| Recurring financial income | 75 | €288 | €100 | -€188 | -65.3% |
| Financial charges | 65/66B | €212,828 | €260,574 | +€47,746 | +22.4% |
| Recurring financial charges | 65 | €212,828 | €260,574 | +€47,746 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €1,026,127 | €741,510 | -€284,617 | -27.7% |
| Income taxes | 67/77 | €256,604 | €185,627 | -€70,977 | -27.7% |
| Profit (loss) for the period | 9904 | €769,524 | €555,884 | -€213,640 | -27.8% |
| Transfer to tax-exempt reserves | 689 | €315,750 | - | -€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €453,774 | €555,884 | +€102,110 | +22.5% |
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 9 October 2026 via checked.be.