VALORIS BELGIUM: 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.
VALORIS BELGIUM
Largest movements
- Tangible fixed assets -€13,811
down €13,811 (-4.3%), from €323,515 to €309,703
of which Land and buildings: -€10,426
- Financial fixed assets +€7,228
up €7,228 (+3.6%), from €200,000 to €207,228
- Other debts -€8,459
down €8,459 (-2.3%), from €369,295 to €360,837
- Debts after one year -€6,602
down €6,602 (-79.6%), from €8,299 to €1,697
- Profit (loss) carried forward +€6,478
up €6,478 (+4.8%), from €135,830 to €142,308
- Financial income +€12,691
up €12,691 (+135,592%), from €9 to €12,701
- Gross operating margin +€4,449
up €4,449 (+69.9%), from €6,363 to €10,812
- Depreciation -€3,469
down €3,469 (-19.1%), from €18,195 to €14,725
- Financial charges -€1,029
down €1,029 (-53.7%), from €1,918 to €888
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 | €541,347 | €534,688 | -€6,658 | -1.2% |
| Fixed assets | 21/28 | €524,689 | €517,810 | -€6,878 | -1.3% |
| Intangible fixed assets | 21 | €1,174 | €879 | -€295 | -25.1% |
| Tangible fixed assets | 22/27 | €323,515 | €309,703 | -€13,811 | -4.3% |
| Land and buildings | 22 | €288,397 | €277,970 | -€10,426 | -3.6% |
| Furniture and vehicles | 24 | €35,118 | €31,733 | -€3,385 | -9.6% |
| Financial fixed assets | 28 | €200,000 | €207,228 | +€7,228 | +3.6% |
| Current assets | 29/58 | €16,658 | €16,878 | +€220 | +1.3% |
| Amounts receivable within one year | 40/41 | €3,021 | €1,960 | -€1,061 | -35.1% |
| Trade receivables | 40 | €3,021 | €1,953 | -€1,068 | -35.3% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €13,518 | €14,632 | +€1,115 | +8.2% |
| Deferred charges and accrued income | 490/1 | €119 | €286 | +€166 | +139% |
| Total equity and liabilities | 10/49 | €541,347 | €534,688 | -€6,658 | -1.2% |
| Equity | 10/15 | €156,290 | €162,768 | +€6,478 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,830 | €142,308 | +€6,478 | +4.8% |
| Amounts payable | 17/49 | €385,057 | €371,921 | -€13,136 | -3.4% |
| Amounts payable after more than one year | 17 | €8,299 | €1,697 | -€6,602 | -79.6% |
| Financial debts | 170/4 | €8,299 | €1,697 | -€6,602 | -79.6% |
| Amounts payable within one year | 42/48 | €376,729 | €370,224 | -€6,506 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,313 | €6,602 | +€289 | +4.6% |
| Trade debts | 44 | €843 | €2,527 | +€1,684 | +200% |
| Suppliers | 440/4 | €843 | €2,527 | +€1,684 | +200% |
| Taxes, remuneration and social security | 45 | €279 | €258 | -€21 | -7.5% |
| Taxes | 450/3 | €279 | €258 | -€21 | -7.5% |
| Other amounts payable | 47/48 | €369,295 | €360,837 | -€8,459 | -2.3% |
| Accrued charges and deferred income | 492/3 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,195 | €14,725 | -€3,469 | -19.1% |
| Other operating charges | 640/8 | €1,479 | €1,454 | -€25 | -1.7% |
| Gross operating margin | 9900 | €6,363 | €10,812 | +€4,449 | +69.9% |
| Operating profit (loss) | 9901 | -€13,311 | -€5,367 | +€7,944 | +59.7% |
| Financial income | 75/76B | €9 | €12,701 | +€12,691 | +135,592% |
| Recurring financial income | 75 | €9 | €12,701 | +€12,691 | +135,592% |
| Financial charges | 65/66B | €1,918 | €888 | -€1,029 | -53.7% |
| Recurring financial charges | 65 | €1,918 | €888 | -€1,029 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,219 | €6,445 | +€21,664 | |
| Income taxes | 67/77 | - | -€33 | -€33 | |
| Profit (loss) for the period | 9904 | -€15,219 | €6,478 | +€21,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,219 | €6,478 | +€21,697 |
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 31 October 2026 via checked.be.