VALOUTRA: what changed
VALOUTRA
Largest movements
- Receivables within one year -€47,990
down €47,990 (-66.4%), from €72,229 to €24,239
of which Trade receivables: -€50,889
- Cash +€28,619
up €28,619 (+425%), from €6,732 to €35,352
mainly Receivables within one year (+€47,990) and Depreciation (+€23,644)
- Tangible fixed assets +€15,301
up €15,301 (+21.6%), from €70,694 to €85,995
- Debts after one year -€15,115
down €15,115 (-25.9%), from €58,279 to €43,164
- Reserves +€12,985
up €12,985 (+54.2%), from €23,952 to €36,937
- Tax, wage and social debts -€3,451
down €3,451 (-24.4%), from €14,124 to €10,673
of which Remuneration and social security: -€2,000
- Depreciation +€9,338
up €9,338 (+65.3%), from €14,306 to €23,644
- Gross operating margin -€3,211
down €3,211 (-6.8%), from €47,449 to €44,239
- Taxes -€2,441
down €2,441 (-40.1%), from €6,091 to €3,650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,868 | €148,960 | -€3,909 | -2.6% |
| Fixed assets | 21/28 | €70,694 | €85,995 | +€15,301 | +21.6% |
| Tangible fixed assets | 22/27 | €70,694 | €85,995 | +€15,301 | +21.6% |
| Furniture and vehicles | 24 | €70,694 | €85,995 | +€15,301 | +21.6% |
| Current assets | 29/58 | €82,174 | €62,964 | -€19,210 | -23.4% |
| Amounts receivable within one year | 40/41 | €72,229 | €24,239 | -€47,990 | -66.4% |
| Trade receivables | 40 | €72,229 | €21,339 | -€50,889 | -70.5% |
| Other amounts receivable | 41 | - | €2,900 | +€2,900 | |
| Cash at bank and in hand | 54/58 | €6,732 | €35,352 | +€28,619 | +425% |
| Deferred charges and accrued income | 490/1 | €3,214 | €3,374 | +€160 | +5.0% |
| Total equity and liabilities | 10/49 | €152,868 | €148,960 | -€3,909 | -2.6% |
| Equity | 10/15 | €27,952 | €40,937 | +€12,985 | +46.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €23,952 | €36,937 | +€12,985 | +54.2% |
| Distributable reserves | 133 | €23,952 | €36,937 | +€12,985 | +54.2% |
| Amounts payable | 17/49 | €124,916 | €108,022 | -€16,894 | -13.5% |
| Amounts payable after more than one year | 17 | €58,279 | €43,164 | -€15,115 | -25.9% |
| Financial debts | 170/4 | €58,279 | €43,164 | -€15,115 | -25.9% |
| Amounts payable within one year | 42/48 | €66,637 | €64,858 | -€1,779 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €14,731 | €15,097 | +€366 | +2.5% |
| Trade debts | 44 | €8,195 | €9,628 | +€1,434 | +17.5% |
| Suppliers | 440/4 | €8,195 | €9,628 | +€1,434 | +17.5% |
| Taxes, remuneration and social security | 45 | €14,124 | €10,673 | -€3,451 | -24.4% |
| Taxes | 450/3 | €12,124 | €10,673 | -€1,451 | -12.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €29,588 | €29,460 | -€128 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,306 | €23,644 | +€9,338 | +65.3% |
| Other operating charges | 640/8 | €612 | €1,002 | +€389 | +63.5% |
| Gross operating margin | 9900 | €47,449 | €44,239 | -€3,211 | -6.8% |
| Operating profit (loss) | 9901 | €32,531 | €19,593 | -€12,938 | -39.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,488 | €2,958 | +€469 | +18.9% |
| Recurring financial charges | 65 | €2,488 | €2,958 | +€469 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €30,043 | €16,636 | -€13,407 | -44.6% |
| Income taxes | 67/77 | €6,091 | €3,650 | -€2,441 | -40.1% |
| Profit (loss) for the period | 9904 | €23,952 | €12,985 | -€10,967 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,952 | €12,985 | -€10,967 | -45.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.