Valor'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.
Valor'Immo
Largest movements
- Stocks and contracts +€84,538
up €84,538 (+314%), from €26,905 to €111,443
- Receivables within one year +€11,704
up €11,704 (+109%), from €10,751 to €22,455
of which Trade receivables: +€15,701
- Tangible fixed assets +€1,568
new in 2025: €1,568
- Other debts +€98,188
up €98,188 (+702%), from €13,987 to €112,175
- Trade debts -€2,895
down €2,895 (-19.6%), from €14,805 to €11,910
- Short-term financial debts +€2,870
new in 2025: €2,870
- Tax, wage and social debts -€1,997
down €1,997 (-27.1%), from €7,371 to €5,374
- Profit (loss) carried forward +€1,818
up €1,818 (+22.5%), from -€8,090 to -€6,272
- Purchases and services -€214,454
no longer reported in 2025 (was €214,454)
- Gross operating margin -€351
down €351 (-5.5%), from €6,423 to €6,072
- Taxes -€260
down €260 (-11.2%), from €2,312 to €2,052
- Other operating charges -€188
down €188 (-13.1%), from €1,440 to €1,252
- Financial income +€88
up €88 (+2,933%), from €3 to €91
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 | €40,073 | €138,057 | +€97,984 | +245% |
| Fixed assets | 21/28 | - | €1,568 | +€1,568 | |
| Tangible fixed assets | 22/27 | - | €1,568 | +€1,568 | |
| Plant, machinery and equipment | 23 | - | €1,568 | +€1,568 | |
| Current assets | 29/58 | €40,073 | €136,489 | +€96,416 | +241% |
| Stocks and contracts in progress | 3 | €26,905 | €111,443 | +€84,538 | +314% |
| Stocks | 30/36 | €26,905 | €111,443 | +€84,538 | +314% |
| Amounts receivable within one year | 40/41 | €10,751 | €22,455 | +€11,704 | +109% |
| Trade receivables | 40 | €4,900 | €20,601 | +€15,701 | +320% |
| Other amounts receivable | 41 | €5,851 | €1,854 | -€3,997 | -68.3% |
| Cash at bank and in hand | 54/58 | €178 | €36 | -€142 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,239 | €2,555 | +€316 | +14.1% |
| Total equity and liabilities | 10/49 | €40,073 | €138,057 | +€97,984 | +245% |
| Equity | 10/15 | €3,910 | €5,728 | +€1,818 | +46.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,090 | -€6,272 | +€1,818 | +22.5% |
| Amounts payable | 17/49 | €36,163 | €132,329 | +€96,166 | +266% |
| Amounts payable within one year | 42/48 | €36,163 | €132,329 | +€96,166 | +266% |
| Financial debts | 43 | - | €2,870 | +€2,870 | |
| Credit institutions | 430/8 | - | €2,870 | +€2,870 | |
| Trade debts | 44 | €14,805 | €11,910 | -€2,895 | -19.6% |
| Suppliers | 440/4 | €14,805 | €11,910 | -€2,895 | -19.6% |
| Taxes, remuneration and social security | 45 | €7,371 | €5,374 | -€1,997 | -27.1% |
| Taxes | 450/3 | €7,371 | €5,374 | -€1,997 | -27.1% |
| Other amounts payable | 47/48 | €13,987 | €112,175 | +€98,188 | +702% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,454 | - | -€214,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €73 | +€73 | |
| Other operating charges | 640/8 | €1,440 | €1,252 | -€188 | -13.1% |
| Gross operating margin | 9900 | €6,423 | €6,072 | -€351 | -5.5% |
| Operating profit (loss) | 9901 | €4,983 | €4,747 | -€236 | -4.7% |
| Financial income | 75/76B | €3 | €91 | +€88 | +2,933% |
| Recurring financial income | 75 | €3 | €91 | +€88 | +2,933% |
| Financial charges | 65/66B | €1,010 | €968 | -€42 | -4.2% |
| Recurring financial charges | 65 | €1,010 | €968 | -€42 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €3,976 | €3,870 | -€106 | -2.7% |
| Income taxes | 67/77 | €2,312 | €2,052 | -€260 | -11.2% |
| Profit (loss) for the period | 9904 | €1,664 | €1,818 | +€154 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,664 | €1,818 | +€154 | +9.3% |
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 16 October 2026 via checked.be.