VALOTECH: 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.
VALOTECH
Largest movements
- Tangible fixed assets +€11,557
up €11,557 (+183.4%), from €6,302 to €17,858
of which Leasing and similar rights: +€11,078
- Deferred charges and accrued income -€1,503
down €1,503 (-53.3%), from €2,821 to €1,318
- Cash +€1,355
up €1,355 (+24.3%), from €5,584 to €6,938
mainly Debts after one year (+€6,660) and Depreciation (+€3,493)
- Receivables within one year -€1,325
down €1,325 (-7.3%), from €18,035 to €16,710
of which Trade receivables: -€4,602
- Debts after one year +€6,660
new in 2025: €6,660
- Current portion of long-term debt +€2,602
new in 2025: €2,602
- Tax, wage and social debts -€2,357
down €2,357 (-38.8%), from €6,081 to €3,724
of which Taxes: -€2,357
- Trade debts +€2,313
up €2,313 (+170.5%), from €1,357 to €3,670
- Other debts +€1,509
new in 2025: €1,509
- Other operating charges +€2,199
up €2,199 (+135.5%), from €1,622 to €3,821
- Depreciation +€1,695
up €1,695 (+94.3%), from €1,798 to €3,493
- Taxes -€1,621
down €1,621 (-48.9%), from €3,317 to €1,696
- Gross operating margin -€1,102
down €1,102 (-7.0%), from €15,660 to €14,558
- Financial charges +€594
up €594 (+29.4%), from €2,018 to €2,612
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 | €32,740 | €42,824 | +€10,084 | +30.8% |
| Fixed assets | 21/28 | €6,302 | €17,858 | +€11,557 | +183.4% |
| Tangible fixed assets | 22/27 | €6,302 | €17,858 | +€11,557 | +183.4% |
| Plant, machinery and equipment | 23 | €3,888 | €4,373 | +€485 | +12.5% |
| Furniture and vehicles | 24 | €2,414 | €2,408 | -€7 | -0.3% |
| Leasing and similar rights | 25 | - | €11,078 | +€11,078 | |
| Current assets | 29/58 | €26,439 | €24,966 | -€1,473 | -5.6% |
| Amounts receivable within one year | 40/41 | €18,035 | €16,710 | -€1,325 | -7.3% |
| Trade receivables | 40 | €16,498 | €11,896 | -€4,602 | -27.9% |
| Other amounts receivable | 41 | €1,537 | €4,814 | +€3,277 | +213.3% |
| Cash at bank and in hand | 54/58 | €5,584 | €6,938 | +€1,355 | +24.3% |
| Deferred charges and accrued income | 490/1 | €2,821 | €1,318 | -€1,503 | -53.3% |
| Total equity and liabilities | 10/49 | €32,740 | €42,824 | +€10,084 | +30.8% |
| Equity | 10/15 | €24,954 | €24,189 | -€765 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,754 | €18,754 | = | 0.0% |
| Distributable reserves | 133 | €18,754 | €18,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€765 | -€765 | |
| Amounts payable | 17/49 | €7,786 | €18,635 | +€10,849 | +139.3% |
| Amounts payable after more than one year | 17 | - | €6,660 | +€6,660 | |
| Financial debts | 170/4 | - | €6,660 | +€6,660 | |
| Amounts payable within one year | 42/48 | €7,786 | €11,975 | +€4,188 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,602 | +€2,602 | |
| Financial debts | 43 | €348 | €469 | +€120 | +34.6% |
| Credit institutions | 430/8 | €348 | €469 | +€120 | +34.6% |
| Trade debts | 44 | €1,357 | €3,670 | +€2,313 | +170.5% |
| Suppliers | 440/4 | €1,357 | €3,670 | +€2,313 | +170.5% |
| Taxes, remuneration and social security | 45 | €6,081 | €3,724 | -€2,357 | -38.8% |
| Taxes | 450/3 | €4,081 | €1,724 | -€2,357 | -57.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €1,509 | +€1,509 | |
| Non-recurring operating income | 76A | €536 | - | -€536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,798 | €3,493 | +€1,695 | +94.3% |
| Other operating charges | 640/8 | €1,622 | €3,821 | +€2,199 | +135.5% |
| Non-recurring operating charges | 66A | - | €3,755 | +€3,755 | |
| Gross operating margin | 9900 | €15,660 | €14,558 | -€1,102 | -7.0% |
| Operating profit (loss) | 9901 | €12,240 | €3,489 | -€8,751 | -71.5% |
| Financial income | 75/76B | €83 | €53 | -€30 | -35.7% |
| Recurring financial income | 75 | €83 | €53 | -€30 | -35.7% |
| Financial charges | 65/66B | €2,018 | €2,612 | +€594 | +29.4% |
| Recurring financial charges | 65 | €2,018 | €2,612 | +€594 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €10,305 | €931 | -€9,374 | -91.0% |
| Income taxes | 67/77 | €3,317 | €1,696 | -€1,621 | -48.9% |
| Profit (loss) for the period | 9904 | €6,988 | -€765 | -€7,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,988 | -€765 | -€7,753 |
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 8 October 2026 via checked.be.