Valor Consult: 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.
Valor Consult
Largest movements
- Cash +€22,617
up €22,617 (+389%), from €5,819 to €28,436
mainly Net result for the year (+€16,523) and Receivables within one year (+€9,659)
- Receivables within one year -€9,659
down €9,659 (-61.2%), from €15,794 to €6,136
of which Trade receivables: -€15,295
- Tangible fixed assets -€2,384
down €2,384 (-53.5%), from €4,456 to €2,073
- Reserves +€9,023
up €9,023 (+340%), from €2,653 to €11,676
- Other debts +€5,365
up €5,365 (+251%), from €2,135 to €7,500
- Tax, wage and social debts -€1,497
down €1,497 (-11.1%), from €13,491 to €11,994
of which Taxes: -€1,097
- Trade debts -€1,360
down €1,360 (-40.8%), from €3,334 to €1,974
- Current portion of long-term debt -€957
no longer reported in 2025 (was €957)
- Gross operating margin +€24,448
up €24,448, from -€200 to €24,248
- Taxes +€3,393
up €3,393 (+2,356%), from €144 to €3,537
- Financial charges -€1,191
down €1,191 (-66.5%), from €1,790 to €599
- Depreciation -€597
down €597 (-20.0%), from €2,981 to €2,384
- Other operating charges +€379
up €379 (+45.8%), from €827 to €1,206
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 | €26,069 | €36,644 | +€10,575 | +40.6% |
| Fixed assets | 21/28 | €4,456 | €2,073 | -€2,384 | -53.5% |
| Tangible fixed assets | 22/27 | €4,456 | €2,073 | -€2,384 | -53.5% |
| Furniture and vehicles | 24 | €4,456 | €2,073 | -€2,384 | -53.5% |
| Current assets | 29/58 | €21,613 | €34,571 | +€12,958 | +60.0% |
| Amounts receivable within one year | 40/41 | €15,794 | €6,136 | -€9,659 | -61.2% |
| Trade receivables | 40 | €15,794 | €499 | -€15,295 | -96.8% |
| Other amounts receivable | 41 | - | €5,637 | +€5,637 | |
| Cash at bank and in hand | 54/58 | €5,819 | €28,436 | +€22,617 | +389% |
| Total equity and liabilities | 10/49 | €26,069 | €36,644 | +€10,575 | +40.6% |
| Equity | 10/15 | €6,153 | €15,176 | +€9,023 | +147% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €2,653 | €11,676 | +€9,023 | +340% |
| Distributable reserves | 133 | €2,653 | €11,676 | +€9,023 | +340% |
| Amounts payable | 17/49 | €19,916 | €21,468 | +€1,552 | +7.8% |
| Amounts payable within one year | 42/48 | €19,916 | €21,468 | +€1,552 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €957 | - | -€957 | |
| Trade debts | 44 | €3,334 | €1,974 | -€1,360 | -40.8% |
| Suppliers | 440/4 | €3,334 | €1,974 | -€1,360 | -40.8% |
| Taxes, remuneration and social security | 45 | €13,491 | €11,994 | -€1,497 | -11.1% |
| Taxes | 450/3 | €13,091 | €11,994 | -€1,097 | -8.4% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Other amounts payable | 47/48 | €2,135 | €7,500 | +€5,365 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,981 | €2,384 | -€597 | -20.0% |
| Other operating charges | 640/8 | €827 | €1,206 | +€379 | +45.8% |
| Gross operating margin | 9900 | -€200 | €24,248 | +€24,448 | |
| Operating profit (loss) | 9901 | -€4,008 | €20,659 | +€24,666 | |
| Financial charges | 65/66B | €1,790 | €599 | -€1,191 | -66.5% |
| Recurring financial charges | 65 | €1,790 | €599 | -€1,191 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,798 | €20,060 | +€25,857 | |
| Income taxes | 67/77 | €144 | €3,537 | +€3,393 | +2,356% |
| Profit (loss) for the period | 9904 | -€5,942 | €16,523 | +€22,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,942 | €16,523 | +€22,464 |
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 25 October 2026 via checked.be.