VALORIM: what changed
Two fiscal 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.
VALORIM
Largest movements
- Tangible fixed assets -€11,068
down €11,068 (-21.1%), from €52,397 to €41,328
of which Furniture and vehicles: -€11,068
- Receivables within one year +€1,109
up €1,109 (+13.1%), from €8,464 to €9,573
of which Trade receivables: +€1,109
- Cash +€1,088
up €1,088 (+4.3%), from €25,134 to €26,222
mainly Depreciation (+€11,068) and Trade debts (+€5,758)
- Debts after one year -€6,636
down €6,636 (-36.1%), from €18,372 to €11,736
- Trade debts +€5,758
up €5,758 (+237.5%), from €2,424 to €8,183
- Tax, wage and social debts -€4,333
down €4,333 (-50.0%), from €8,658 to €4,325
of which Taxes: -€5,340
- Profit (loss) carried forward -€3,512
down €3,512 (-22.4%), from €15,686 to €12,174
- Gross operating margin -€3,640
down €3,640 (-26.5%), from €13,745 to €10,105
- Depreciation +€2,716
up €2,716 (+32.5%), from €8,353 to €11,068
- Taxes -€1,155
down €1,155 (-87.5%), from €1,319 to €164
- Financial income +€181
up €181 (+11802.6%), from €2 to €182
- Other operating charges -€168
down €168 (-9.1%), from €1,838 to €1,670
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,685 | €80,253 | -€9,432 | -10.5% |
| Fixed assets | 21/28 | €52,770 | €41,707 | -€11,063 | -21.0% |
| Tangible fixed assets | 22/27 | €52,397 | €41,328 | -€11,068 | -21.1% |
| Furniture and vehicles | 24 | €45,892 | €34,824 | -€11,068 | -24.1% |
| Other tangible fixed assets | 26 | €6,504 | €6,504 | = | 0.0% |
| Financial fixed assets | 28 | €373 | €378 | +€5 | +1.3% |
| Current assets | 29/58 | €36,915 | €38,546 | +€1,632 | +4.4% |
| Amounts receivable within one year | 40/41 | €8,464 | €9,573 | +€1,109 | +13.1% |
| Trade receivables | 40 | €8,464 | €9,573 | +€1,109 | +13.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,134 | €26,222 | +€1,088 | +4.3% |
| Deferred charges and accrued income | 490/1 | €3,317 | €2,752 | -€565 | -17.0% |
| Total equity and liabilities | 10/49 | €89,685 | €80,253 | -€9,432 | -10.5% |
| Equity | 10/15 | €48,783 | €45,272 | -€3,512 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,498 | €14,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,638 | €12,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,686 | €12,174 | -€3,512 | -22.4% |
| Amounts payable | 17/49 | €40,901 | €34,981 | -€5,920 | -14.5% |
| Amounts payable after more than one year | 17 | €18,372 | €11,736 | -€6,636 | -36.1% |
| Financial debts | 170/4 | €18,372 | €11,736 | -€6,636 | -36.1% |
| Amounts payable within one year | 42/48 | €22,478 | €23,214 | +€736 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €6,681 | €6,636 | -€45 | -0.7% |
| Trade debts | 44 | €2,424 | €8,183 | +€5,758 | +237.5% |
| Suppliers | 440/4 | €2,424 | €8,183 | +€5,758 | +237.5% |
| Taxes, remuneration and social security | 45 | €8,658 | €4,325 | -€4,333 | -50.0% |
| Taxes | 450/3 | €8,658 | €3,318 | -€5,340 | -61.7% |
| Remuneration and social security | 454/9 | €0 | €1,008 | +€1,007 | +305215.2% |
| Other amounts payable | 47/48 | €4,714 | €4,070 | -€644 | -13.7% |
| Accrued charges and deferred income | 492/3 | €51 | €31 | -€20 | -39.1% |
| Non-recurring operating income | 76A | €7,692 | €0 | -€7,692 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,353 | €11,068 | +€2,716 | +32.5% |
| Other operating charges | 640/8 | €1,838 | €1,670 | -€168 | -9.1% |
| Gross operating margin | 9900 | €13,745 | €10,105 | -€3,640 | -26.5% |
| Operating profit (loss) | 9901 | €3,554 | -€2,634 | -€6,188 | |
| Financial income | 75/76B | €2 | €182 | +€181 | +11802.6% |
| Recurring financial income | 75 | €2 | €182 | +€181 | +11802.6% |
| Financial charges | 65/66B | €742 | €896 | +€154 | +20.8% |
| Recurring financial charges | 65 | €742 | €896 | +€154 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €2,814 | -€3,347 | -€6,161 | |
| Income taxes | 67/77 | €1,319 | €164 | -€1,155 | -87.5% |
| Profit (loss) for the period | 9904 | €1,495 | -€3,512 | -€5,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,495 | -€3,512 | -€5,006 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.