VALORLUB: 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.
VALORLUB
Largest movements
- Cash +€1.2m
up €1.2m (+132.6%), from €929,874 to €2.2m
mainly Current investments (+€1.1m) and Trade debts (+€835,935)
- Current investments -€1.1m
down €1.1m (-20.3%), from €5.3m to €4.2m
- Trade debts +€835,935
up €835,935 (+25.5%), from €3.3m to €4.1m
- Reserves -€693,373
down €693,373 (-20.7%), from €3.3m to €2.7m
- Gross operating margin -€1.1m
down €1.1m, from €271,651 to -€808,800
- Financial income +€139,248
up €139,248 (+1993.2%), from €6,986 to €146,234
- Taxes +€14,075
up €14,075 (+311.2%), from €4,523 to €18,598
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 | €6,623,124 | €6,765,686 | +€142,562 | +2.2% |
| Fixed assets | 21/28 | - | €7,939 | +€7,939 | |
| Intangible fixed assets | 21 | - | €7,939 | +€7,939 | |
| Current assets | 29/58 | €6,623,124 | €6,757,747 | +€134,623 | +2.0% |
| Amounts receivable within one year | 40/41 | €408,257 | €383,075 | -€25,182 | -6.2% |
| Trade receivables | 40 | €79,471 | €107,542 | +€28,070 | +35.3% |
| Other amounts receivable | 41 | €328,785 | €275,533 | -€53,253 | -16.2% |
| Current investments | 50/53 | €5,265,291 | €4,194,257 | -€1.1m | -20.3% |
| Cash at bank and in hand | 54/58 | €929,874 | €2,162,947 | +€1.2m | +132.6% |
| Deferred charges and accrued income | 490/1 | €19,703 | €17,469 | -€2,234 | -11.3% |
| Total equity and liabilities | 10/49 | €6,623,124 | €6,765,686 | +€142,562 | +2.2% |
| Equity | 10/15 | €3,346,410 | €2,653,036 | -€693,373 | -20.7% |
| Reserves | 13 | €3,346,410 | €2,653,036 | -€693,373 | -20.7% |
| Amounts payable | 17/49 | €3,276,715 | €4,112,650 | +€835,935 | +25.5% |
| Amounts payable within one year | 42/48 | €3,276,715 | €4,112,650 | +€835,935 | +25.5% |
| Trade debts | 44 | €3,276,715 | €4,112,650 | +€835,935 | +25.5% |
| Suppliers | 440/4 | €3,276,715 | €4,112,650 | +€835,935 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €180 | +€180 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€459 | -€229 | +€229 | +50.0% |
| Other operating charges | 640/8 | €11,010 | €11,933 | +€923 | +8.4% |
| Gross operating margin | 9900 | €271,651 | -€808,800 | -€1.1m | |
| Operating profit (loss) | 9901 | €261,100 | -€820,683 | -€1.1m | |
| Financial income | 75/76B | €6,986 | €146,234 | +€139,248 | +1993.2% |
| Recurring financial income | 75 | €6,986 | €146,234 | +€139,248 | +1993.2% |
| Financial charges | 65/66B | €172 | €326 | +€154 | +89.4% |
| Recurring financial charges | 65 | €172 | €326 | +€154 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €267,914 | -€674,775 | -€942,689 | |
| Income taxes | 67/77 | €4,523 | €18,598 | +€14,075 | +311.2% |
| Profit (loss) for the period | 9904 | €263,391 | -€693,373 | -€956,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €263,391 | -€693,373 | -€956,764 |
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 10 October 2026 via checked.be.