VALPEGUINOX: 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.
VALPEGUINOX
Largest movements
- Cash +€3,487
new in 2025: €3,487
mainly Net result for the year (+€3,378) and Tax, wage and social debts (+€2,303)
- Receivables within one year -€943
down €943 (-12.1%), from €7,763 to €6,820
of which Trade receivables: -€1,112
- Tangible fixed assets -€145
down €145 (-35.5%), from €408 to €263
- Profit (loss) carried forward +€3,378
up €3,378 (+17.1%), from -€19,797 to -€16,419
- Tax, wage and social debts +€2,303
up €2,303 (+55.7%), from €4,133 to €6,436
- Other debts -€2,000
down €2,000 (-13.0%), from €15,398 to €13,398
- Trade debts -€1,317
down €1,317 (-45.9%), from €2,870 to €1,552
- Gross operating margin +€3,606
up €3,606 (+68.0%), from €5,304 to €8,910
- Other operating charges -€1,851
down €1,851 (-60.5%), from €3,058 to €1,208
- Taxes +€1,057
up €1,057 (+105%), from €1,008 to €2,065
- Depreciation -€984
down €984 (-87.1%), from €1,129 to €145
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 | €8,420 | €10,769 | +€2,348 | +27.9% |
| Fixed assets | 21/28 | €408 | €263 | -€145 | -35.5% |
| Tangible fixed assets | 22/27 | €408 | €263 | -€145 | -35.5% |
| Furniture and vehicles | 24 | €408 | €263 | -€145 | -35.5% |
| Current assets | 29/58 | €8,012 | €10,505 | +€2,493 | +31.1% |
| Amounts receivable within one year | 40/41 | €7,763 | €6,820 | -€943 | -12.1% |
| Trade receivables | 40 | €7,752 | €6,640 | -€1,112 | -14.3% |
| Other amounts receivable | 41 | €11 | €180 | +€169 | +1,612% |
| Cash at bank and in hand | 54/58 | - | €3,487 | +€3,487 | |
| Deferred charges and accrued income | 490/1 | €249 | €198 | -€51 | -20.4% |
| Total equity and liabilities | 10/49 | €8,420 | €10,769 | +€2,348 | +27.9% |
| Equity | 10/15 | -€13,997 | -€10,619 | +€3,378 | +24.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,300 | €3,300 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,797 | -€16,419 | +€3,378 | +17.1% |
| Amounts payable | 17/49 | €22,417 | €21,387 | -€1,030 | -4.6% |
| Amounts payable within one year | 42/48 | €22,417 | €21,387 | -€1,030 | -4.6% |
| Financial debts | 43 | €16 | - | -€16 | |
| Credit institutions | 430/8 | €16 | - | -€16 | |
| Trade debts | 44 | €2,870 | €1,552 | -€1,317 | -45.9% |
| Suppliers | 440/4 | €2,870 | €1,552 | -€1,317 | -45.9% |
| Taxes, remuneration and social security | 45 | €4,133 | €6,436 | +€2,303 | +55.7% |
| Taxes | 450/3 | €4,133 | €6,436 | +€2,303 | +55.7% |
| Other amounts payable | 47/48 | €15,398 | €13,398 | -€2,000 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,129 | €145 | -€984 | -87.1% |
| Other operating charges | 640/8 | €3,058 | €1,208 | -€1,851 | -60.5% |
| Gross operating margin | 9900 | €5,304 | €8,910 | +€3,606 | +68.0% |
| Operating profit (loss) | 9901 | €1,117 | €7,557 | +€6,440 | +577% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €2,028 | €2,114 | +€85 | +4.2% |
| Recurring financial charges | 65 | €2,028 | €2,114 | +€85 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€827 | €5,443 | +€6,270 | |
| Income taxes | 67/77 | €1,008 | €2,065 | +€1,057 | +105% |
| Profit (loss) for the period | 9904 | -€1,834 | €3,378 | +€5,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,834 | €3,378 | +€5,213 |
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 27 October 2026 via checked.be.