Valorize Solutions: 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.
Valorize Solutions
Largest movements
- Cash -€70,250
down €70,250 (-58.7%), from €119,767 to €49,517
mainly Other debts (-€108,800) and Tax, wage and social debts (-€20,125)
- Receivables within one year -€39,182
down €39,182 (-34.3%), from €114,290 to €75,108
of which Trade receivables: -€36,208
- Deferred charges and accrued income -€23,888
down €23,888 (-97.6%), from €24,473 to €585
- Tangible fixed assets -€10,073
down €10,073 (-2.6%), from €392,043 to €381,970
of which Land and buildings: -€5,602
- Financial fixed assets -€9,250
down €9,250 (-99.2%), from €9,328 to €78
- Other debts -€108,800
down €108,800 (-77.3%), from €140,815 to €32,015
- Profit (loss) carried forward +€24,982
up €24,982 (+15.9%), from €156,876 to €181,858
- Tax, wage and social debts -€20,125
down €20,125 (-65.7%), from €30,642 to €10,517
- Accrued charges and deferred income -€18,840
down €18,840 (-73.7%), from €25,564 to €6,724
- Debts after one year -€14,980
down €14,980 (-6.4%), from €232,605 to €217,625
- Gross operating margin -€24,281
down €24,281 (-24.8%), from €98,033 to €73,752
- Depreciation +€6,960
up €6,960 (+38.6%), from €18,021 to €24,981
- Taxes -€1,758
down €1,758 (-16.8%), from €10,458 to €8,700
- Financial income +€1,205
up €1,205 (+90.9%), from €1,325 to €2,530
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 | €672,262 | €519,619 | -€152,643 | -22.7% |
| Fixed assets | 21/28 | €401,371 | €382,048 | -€19,323 | -4.8% |
| Tangible fixed assets | 22/27 | €392,043 | €381,970 | -€10,073 | -2.6% |
| Land and buildings | 22 | €354,991 | €349,389 | -€5,602 | -1.6% |
| Plant, machinery and equipment | 23 | €26,120 | €24,320 | -€1,800 | -6.9% |
| Furniture and vehicles | 24 | €10,932 | €8,261 | -€2,671 | -24.4% |
| Financial fixed assets | 28 | €9,328 | €78 | -€9,250 | -99.2% |
| Current assets | 29/58 | €270,891 | €137,571 | -€133,320 | -49.2% |
| Stocks and contracts in progress | 3 | €12,361 | €12,361 | = | 0.0% |
| Stocks | 30/36 | €12,361 | €12,361 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,290 | €75,108 | -€39,182 | -34.3% |
| Trade receivables | 40 | €104,846 | €68,638 | -€36,208 | -34.5% |
| Other amounts receivable | 41 | €9,444 | €6,470 | -€2,974 | -31.5% |
| Cash at bank and in hand | 54/58 | €119,767 | €49,517 | -€70,250 | -58.7% |
| Deferred charges and accrued income | 490/1 | €24,473 | €585 | -€23,888 | -97.6% |
| Total equity and liabilities | 10/49 | €672,262 | €519,619 | -€152,643 | -22.7% |
| Equity | 10/15 | €180,467 | €205,449 | +€24,982 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,991 | €4,991 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,131 | €3,131 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,876 | €181,858 | +€24,982 | +15.9% |
| Amounts payable | 17/49 | €491,795 | €314,170 | -€177,625 | -36.1% |
| Amounts payable after more than one year | 17 | €232,605 | €217,625 | -€14,980 | -6.4% |
| Financial debts | 170/4 | €232,605 | €217,625 | -€14,980 | -6.4% |
| Amounts payable within one year | 42/48 | €233,626 | €89,821 | -€143,805 | -61.6% |
| Current portion of amounts payable after more than one year | 42 | €14,360 | €14,979 | +€619 | +4.3% |
| Financial debts | 43 | €2,178 | €851 | -€1,327 | -60.9% |
| Credit institutions | 430/8 | €2,178 | €851 | -€1,327 | -60.9% |
| Trade debts | 44 | €45,631 | €31,459 | -€14,172 | -31.1% |
| Suppliers | 440/4 | €45,631 | €31,459 | -€14,172 | -31.1% |
| Taxes, remuneration and social security | 45 | €30,642 | €10,517 | -€20,125 | -65.7% |
| Taxes | 450/3 | €30,642 | €10,517 | -€20,125 | -65.7% |
| Other amounts payable | 47/48 | €140,815 | €32,015 | -€108,800 | -77.3% |
| Accrued charges and deferred income | 492/3 | €25,564 | €6,724 | -€18,840 | -73.7% |
| Remuneration, social security and pensions | 62 | €3,496 | €3,483 | -€13 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,021 | €24,981 | +€6,960 | +38.6% |
| Other operating charges | 640/8 | €1,770 | €2,357 | +€587 | +33.2% |
| Non-recurring operating charges | 66A | - | €203 | +€203 | |
| Gross operating margin | 9900 | €98,033 | €73,752 | -€24,281 | -24.8% |
| Operating profit (loss) | 9901 | €74,746 | €42,728 | -€32,018 | -42.8% |
| Financial income | 75/76B | €1,325 | €2,530 | +€1,205 | +90.9% |
| Recurring financial income | 75 | €1,325 | €2,530 | +€1,205 | +90.9% |
| Financial charges | 65/66B | €11,102 | €11,576 | +€474 | +4.3% |
| Recurring financial charges | 65 | €11,102 | €11,576 | +€474 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €64,969 | €33,682 | -€31,287 | -48.2% |
| Income taxes | 67/77 | €10,458 | €8,700 | -€1,758 | -16.8% |
| Profit (loss) for the period | 9904 | €54,511 | €24,982 | -€29,529 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,511 | €24,982 | -€29,529 | -54.2% |
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 5 October 2026 via checked.be.