ValorIT: 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.
ValorIT
Largest movements
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash -€28,264
down €28,264 (-27.8%), from €101,662 to €73,398
mainly Other debts (-€85,000) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€19,051
down €19,051 (-88.1%), from €21,623 to €2,572
- Deferred charges and accrued income +€2,997
up €2,997 (+54.9%), from €5,454 to €8,451
- Receivables within one year +€2,977
up €2,977 (+11.2%), from €26,559 to €29,536
of which Other amounts receivable: +€3,735
- Other debts -€85,000
down €85,000 (-100.0%), from €85,000 to €0
- Tax, wage and social debts -€13,279
down €13,279 (-60.1%), from €22,109 to €8,830
- Reserves +€7,044
up €7,044 (+8.1%), from €86,539 to €93,584
- Gross operating margin -€96,301
down €96,301 (-58.8%), from €163,827 to €67,526
- Financial income +€31,550
up €31,550, from €0 to €31,550
of which Non-recurring financial income: +€30,000
- Financial charges -€29,800
down €29,800 (-97.8%), from €30,468 to €667
of which Non-recurring financial charges: -€30,000
- Taxes -€15,927
down €15,927 (-53.3%), from €29,880 to €13,953
- Depreciation -€2,408
down €2,408 (-56.4%), from €4,268 to €1,860
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.
Cash bridge derived
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 | €205,298 | €113,956 | -€91,342 | -44.5% |
| Fixed assets | 21/28 | €21,623 | €2,572 | -€19,051 | -88.1% |
| Tangible fixed assets | 22/27 | €21,623 | €2,572 | -€19,051 | -88.1% |
| Furniture and vehicles | 24 | €21,623 | €2,572 | -€19,051 | -88.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €183,675 | €111,385 | -€72,290 | -39.4% |
| Amounts receivable within one year | 40/41 | €26,559 | €29,536 | +€2,977 | +11.2% |
| Trade receivables | 40 | €22,870 | €22,113 | -€757 | -3.3% |
| Other amounts receivable | 41 | €3,689 | €7,423 | +€3,735 | +101.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €101,662 | €73,398 | -€28,264 | -27.8% |
| Deferred charges and accrued income | 490/1 | €5,454 | €8,451 | +€2,997 | +54.9% |
| Total equity and liabilities | 10/49 | €205,298 | €113,956 | -€91,342 | -44.5% |
| Equity | 10/15 | €96,539 | €103,584 | +€7,044 | +7.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,539 | €93,584 | +€7,044 | +8.1% |
| Distributable reserves | 133 | €86,539 | €93,584 | +€7,044 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,758 | €10,372 | -€98,386 | -90.5% |
| Amounts payable within one year | 42/48 | €108,758 | €10,372 | -€98,386 | -90.5% |
| Trade debts | 44 | €1,649 | €1,543 | -€107 | -6.5% |
| Suppliers | 440/4 | €1,649 | €1,543 | -€107 | -6.5% |
| Taxes, remuneration and social security | 45 | €22,109 | €8,830 | -€13,279 | -60.1% |
| Taxes | 450/3 | €22,109 | €8,830 | -€13,279 | -60.1% |
| Other amounts payable | 47/48 | €85,000 | €0 | -€85,000 | -100.0% |
| Non-recurring operating income | 76A | - | €20,364 | +€20,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,268 | €1,860 | -€2,408 | -56.4% |
| Other operating charges | 640/8 | €2,148 | €848 | -€1,300 | -60.5% |
| Non-recurring operating charges | 66A | €0 | €34,704 | +€34,704 | |
| Gross operating margin | 9900 | €163,827 | €67,526 | -€96,301 | -58.8% |
| Operating profit (loss) | 9901 | €157,410 | €30,114 | -€127,296 | -80.9% |
| Financial income | 75/76B | €0 | €31,550 | +€31,550 | |
| Recurring financial income | 75 | €0 | €1,550 | +€1,550 | |
| Non-recurring financial income | 76B | - | €30,000 | +€30,000 | |
| Financial charges | 65/66B | €30,468 | €667 | -€29,800 | -97.8% |
| Recurring financial charges | 65 | €468 | €667 | +€200 | +42.7% |
| Non-recurring financial charges | 66B | €30,000 | €0 | -€30,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €126,943 | €60,997 | -€65,946 | -51.9% |
| Income taxes | 67/77 | €29,880 | €13,953 | -€15,927 | -53.3% |
| Profit (loss) for the period | 9904 | €97,063 | €47,044 | -€50,018 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,063 | €47,044 | -€50,018 | -51.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.