Valos Core: 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.
Valos Core
Largest movements
- Cash +€7,809
up €7,809 (+11.1%), from €70,202 to €78,011
mainly Net result for the year (+€50,674) and Tax, wage and social debts (+€13,295)
- Tax, wage and social debts +€13,295
up €13,295 (+53.2%), from €24,981 to €38,276
- Other debts -€8,126
down €8,126 (-14.0%), from €58,126 to €50,000
- Trade debts +€2,167
up €2,167 (+676.2%), from €320 to €2,488
- Gross operating margin -€5,672
down €5,672 (-7.5%), from €75,735 to €70,063
- Financial charges +€3,887
up €3,887 (+48582.4%), from €8 to €3,895
- Taxes -€1,932
down €1,932 (-12.7%), from €15,183 to €13,251
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 | €87,153 | €95,163 | +€8,010 | +9.2% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €86,928 | €94,938 | +€8,010 | +9.2% |
| Amounts receivable within one year | 40/41 | €13,782 | €13,491 | -€291 | -2.1% |
| Trade receivables | 40 | €13,782 | €12,469 | -€1,313 | -9.5% |
| Other amounts receivable | 41 | - | €1,022 | +€1,022 | |
| Cash at bank and in hand | 54/58 | €70,202 | €78,011 | +€7,809 | +11.1% |
| Deferred charges and accrued income | 490/1 | €2,944 | €3,436 | +€492 | +16.7% |
| Total equity and liabilities | 10/49 | €87,153 | €95,163 | +€8,010 | +9.2% |
| Equity | 10/15 | €3,726 | €4,400 | +€674 | +18.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €726 | €1,400 | +€674 | +92.9% |
| Amounts payable | 17/49 | €83,427 | €90,763 | +€7,336 | +8.8% |
| Amounts payable within one year | 42/48 | €83,427 | €90,763 | +€7,336 | +8.8% |
| Trade debts | 44 | €320 | €2,488 | +€2,167 | +676.2% |
| Suppliers | 440/4 | €320 | €2,488 | +€2,167 | +676.2% |
| Taxes, remuneration and social security | 45 | €24,981 | €38,276 | +€13,295 | +53.2% |
| Taxes | 450/3 | €24,981 | €38,276 | +€13,295 | +53.2% |
| Other amounts payable | 47/48 | €58,126 | €50,000 | -€8,126 | -14.0% |
| Other operating charges | 640/8 | €1,818 | €2,268 | +€450 | +24.8% |
| Gross operating margin | 9900 | €75,735 | €70,063 | -€5,672 | -7.5% |
| Operating profit (loss) | 9901 | €73,917 | €67,794 | -€6,122 | -8.3% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €8 | €3,895 | +€3,887 | +48582.4% |
| Recurring financial charges | 65 | €8 | €3,895 | +€3,887 | +48582.4% |
| Profit (loss) for the period before taxes | 9903 | €73,909 | €63,925 | -€9,984 | -13.5% |
| Income taxes | 67/77 | €15,183 | €13,251 | -€1,932 | -12.7% |
| Profit (loss) for the period | 9904 | €58,726 | €50,674 | -€8,052 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,726 | €50,674 | -€8,052 | -13.7% |
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 9 October 2026 via checked.be.