VALOTRAK: 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.
VALOTRAK
Largest movements
- Stocks and contracts +€26,898
up €26,898 (+75.7%), from €35,538 to €62,436
- Cash -€25,137
down €25,137 (-53.2%), from €47,231 to €22,094
mainly Stocks and contracts (-€26,898) and Net result for the year (-€21,791)
- Tangible fixed assets -€15,481
down €15,481 (-20.5%), from €75,368 to €59,887
of which Furniture and vehicles: -€16,567
- Receivables within one year -€2,061
down €2,061 (-10.6%), from €19,530 to €17,469
- Deferred charges and accrued income -€1,926
down €1,926 (-37.3%), from €5,163 to €3,236
- Profit (loss) carried forward -€21,791
down €21,791 (-92.2%), from -€23,622 to -€45,412
- Trade debts +€5,243
up €5,243 (+177%), from €2,959 to €8,202
- Gross operating margin -€19,681
down €19,681 (-93.2%), from €21,108 to €1,427
- Depreciation +€10,921
up €10,921 (+108%), from €10,152 to €21,074
- Financial income +€463
up €463 (+827%), from €56 to €519
- Other operating charges +€215
up €215 (+8.9%), from €2,407 to €2,622
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.
Derived cash bridge
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 | €182,829 | €165,121 | -€17,708 | -9.7% |
| Fixed assets | 21/28 | €75,368 | €59,887 | -€15,481 | -20.5% |
| Tangible fixed assets | 22/27 | €75,368 | €59,887 | -€15,481 | -20.5% |
| Land and buildings | 22 | €10,002 | €7,865 | -€2,137 | -21.4% |
| Plant, machinery and equipment | 23 | €2,535 | €5,758 | +€3,223 | +127% |
| Furniture and vehicles | 24 | €62,831 | €46,264 | -€16,567 | -26.4% |
| Current assets | 29/58 | €107,461 | €105,234 | -€2,227 | -2.1% |
| Stocks and contracts in progress | 3 | €35,538 | €62,436 | +€26,898 | +75.7% |
| Stocks | 30/36 | €35,538 | €62,436 | +€26,898 | +75.7% |
| Amounts receivable within one year | 40/41 | €19,530 | €17,469 | -€2,061 | -10.6% |
| Trade receivables | 40 | €19,530 | €17,469 | -€2,061 | -10.6% |
| Cash at bank and in hand | 54/58 | €47,231 | €22,094 | -€25,137 | -53.2% |
| Deferred charges and accrued income | 490/1 | €5,163 | €3,236 | -€1,926 | -37.3% |
| Total equity and liabilities | 10/49 | €182,829 | €165,121 | -€17,708 | -9.7% |
| Equity | 10/15 | €172,346 | €150,556 | -€21,791 | -12.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | €6,205 | = | 0.0% |
| Other | 1109/19 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €189,763 | €189,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,186 | €16,186 | = | 0.0% |
| Distributable reserves | 133 | €171,717 | €171,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,622 | -€45,412 | -€21,791 | -92.2% |
| Amounts payable | 17/49 | €10,483 | €14,565 | +€4,083 | +38.9% |
| Amounts payable within one year | 42/48 | €10,483 | €14,565 | +€4,083 | +38.9% |
| Trade debts | 44 | €2,959 | €8,202 | +€5,243 | +177% |
| Suppliers | 440/4 | €2,959 | €8,202 | +€5,243 | +177% |
| Taxes, remuneration and social security | 45 | €7,524 | €6,364 | -€1,160 | -15.4% |
| Taxes | 450/3 | €7,524 | €6,364 | -€1,160 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,152 | €21,074 | +€10,921 | +108% |
| Other operating charges | 640/8 | €2,407 | €2,622 | +€215 | +8.9% |
| Gross operating margin | 9900 | €21,108 | €1,427 | -€19,681 | -93.2% |
| Operating profit (loss) | 9901 | €8,548 | -€22,269 | -€30,817 | |
| Financial income | 75/76B | €56 | €519 | +€463 | +827% |
| Recurring financial income | 75 | €56 | €519 | +€463 | +827% |
| Financial charges | 65/66B | €66 | €41 | -€25 | -38.1% |
| Recurring financial charges | 65 | €66 | €41 | -€25 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €8,539 | -€21,791 | -€30,329 | |
| Profit (loss) for the period | 9904 | €8,539 | -€21,791 | -€30,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,539 | -€21,791 | -€30,329 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.