VALONIS Real Estate: what changed
What changed
VALONIS Real Estate
filed annual accounts (NBB)
Net result for the year
€350,166
2024 · €776,100-€425,933
Equity
-€59,039
2024 · -€409,205+€350,166
Cash
€37,331
2024 · €31,690+€5,641
Balance sheet total
€11.4m
2024 · €11.7m-€280,946
Largest movements
Assets
- Tangible fixed assets -€355,832
down €355,832 (-3.1%), from €11.6m to €11.3m
Equity and liabilities
- Debts after one year -€1.4m
down €1.4m (-13.4%), from €10.5m to €9.1m
- Provisions +€769,111
up €769,111 (+51.2%), from €1.5m to €2.3m
- Profit (loss) carried forward +€350,166
up €350,166 (+84.3%), from -€415,405 to -€65,239
Income statement
- Provisions +€496,116
up €496,116 (+182%), from €272,995 to €769,111
- Gross operating margin +€47,265
up €47,265 (+3.0%), from €1.6m to €1.6m
- Depreciation -€39,267
down €39,267 (-11.0%), from €355,646 to €316,379
- Write-downs -€23,602
down €23,602 (-36.0%), from €65,590 to €41,988
- Taxes +€23,506
new in 2025: €23,506
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
€776,100
Gross operating margin
+€47,265
Depreciation
+€39,267
Write-downs
+€23,602
Provisions
-€496,116
Other operating charges
-€16,115
Other operating items
-€215
Financial income
-€176
Financial charges
+€59
Taxes
-€23,506
Result 2025
€350,166
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.4m
Investment
+€39,453
Financing
-€1.4m
Cash 2024
€31,690
From operations (derived)
+€1.4m
Net result for the year
+€350,166
Depreciation
+€316,379
Receivables within one year
-€69,245
Provisions
+€769,111
Trade debts
+€9,435
Accrued charges and deferred income
-€1,658
Investment (derived)
+€39,453
Investment in fixed assets (net)
+€39,453
Financing
-€1.4m
Debts after one year
-€1.4m
Cash 2025
€37,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,677,504 | €11,396,558 | -€280,946 | -2.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,624,842 | €11,269,010 | -€355,832 | -3.1% |
| Tangible fixed assets | 22/27 | €11,624,842 | €11,269,010 | -€355,832 | -3.1% |
| Land and buildings | 22 | €11,624,842 | €11,269,010 | -€355,832 | -3.1% |
| Current assets | 29/58 | €52,662 | €127,549 | +€74,886 | +142% |
| Amounts receivable within one year | 40/41 | €20,973 | €90,218 | +€69,245 | +330% |
| Trade receivables | 40 | €19,738 | €37,843 | +€18,106 | +91.7% |
| Other amounts receivable | 41 | €1,235 | €52,374 | +€51,139 | +4,142% |
| Cash at bank and in hand | 54/58 | €31,690 | €37,331 | +€5,641 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €11,677,504 | €11,396,558 | -€280,946 | -2.4% |
| Equity | 10/15 | -€409,205 | -€59,039 | +€350,166 | +85.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,405 | -€65,239 | +€350,166 | +84.3% |
| Provisions and deferred taxes | 16 | €1,502,051 | €2,271,162 | +€769,111 | +51.2% |
| Provisions for liabilities and charges | 160/5 | €1,502,051 | €2,271,162 | +€769,111 | +51.2% |
| Other liabilities and charges | 164/5 | €1,502,051 | €2,271,162 | +€769,111 | +51.2% |
| Amounts payable | 17/49 | €10,584,658 | €9,184,435 | -€1.4m | -13.2% |
| Amounts payable after more than one year | 17 | €10,522,830 | €9,114,830 | -€1.4m | -13.4% |
| Other amounts payable | 178/9 | €10,522,830 | €9,114,830 | -€1.4m | -13.4% |
| Amounts payable within one year | 42/48 | €60,170 | €69,605 | +€9,435 | +15.7% |
| Trade debts | 44 | €60,170 | €69,605 | +€9,435 | +15.7% |
| Suppliers | 440/4 | €60,170 | €69,605 | +€9,435 | +15.7% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €1,658 | €0 | -€1,658 | -100% |
| Non-recurring operating income | 76A | €0 | €30,547 | +€30,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,646 | €316,379 | -€39,267 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,590 | €41,988 | -€23,602 | -36.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €272,995 | €769,111 | +€496,116 | +182% |
| Other operating charges | 640/8 | €91,344 | €107,459 | +€16,115 | +17.6% |
| Non-recurring operating charges | 66A | - | €215 | +€215 | |
| Gross operating margin | 9900 | €1,562,087 | €1,609,352 | +€47,265 | +3.0% |
| Operating profit (loss) | 9901 | €776,511 | €374,201 | -€402,311 | -51.8% |
| Financial income | 75/76B | €340 | €165 | -€176 | -51.6% |
| Recurring financial income | 75 | €340 | €165 | -€176 | -51.6% |
| Financial charges | 65/66B | €752 | €693 | -€59 | -7.8% |
| Recurring financial charges | 65 | €752 | €693 | -€59 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €776,100 | €373,672 | -€402,427 | -51.9% |
| Income taxes | 67/77 | - | €23,506 | +€23,506 | |
| Profit (loss) for the period | 9904 | €776,100 | €350,166 | -€425,933 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €776,100 | €350,166 | -€425,933 | -54.9% |
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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 3 November 2026 via checked.be.