VALROM: 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.
VALROM
Largest movements
- Cash +€35,761
up €35,761 (+288%), from €12,426 to €48,187
mainly Net result for the year (+€46,403) and Depreciation (+€24,428)
- Tangible fixed assets -€24,428
down €24,428 (-28.2%), from €86,697 to €62,269
of which Plant, machinery and equipment: -€17,363
- Deferred charges and accrued income -€2,606
down €2,606 (-33.4%), from €7,793 to €5,187
- Profit (loss) carried forward +€46,403
up €46,403, from -€33,056 to €13,347
- Trade debts -€16,940
down €16,940 (-61.6%), from €27,516 to €10,576
- Other debts -€12,836
down €12,836 (-94.5%), from €13,580 to €744
- Current portion of long-term debt -€9,054
no longer reported in 2024 (was €9,054)
- Gross operating margin +€13,381
up €13,381 (+20.9%), from €64,141 to €77,522
- Depreciation +€2,173
up €2,173 (+9.8%), from €22,255 to €24,428
- Financial charges -€1,052
down €1,052 (-29.4%), from €3,578 to €2,526
- Staff costs -€908
down €908 (-25.0%), from €3,638 to €2,730
- Other operating charges -€883
down €883 (-43.1%), from €2,046 to €1,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,173 | €137,683 | +€8,510 | +6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €90,504 | €66,076 | -€24,428 | -27.0% |
| Tangible fixed assets | 22/27 | €86,697 | €62,269 | -€24,428 | -28.2% |
| Plant, machinery and equipment | 23 | €62,697 | €45,334 | -€17,363 | -27.7% |
| Furniture and vehicles | 24 | €24,000 | €16,934 | -€7,065 | -29.4% |
| Financial fixed assets | 28 | €3,807 | €3,807 | = | 0.0% |
| Current assets | 29/58 | €38,669 | €71,607 | +€32,938 | +85.2% |
| Amounts receivable within one year | 40/41 | €18,450 | €18,234 | -€216 | -1.2% |
| Trade receivables | 40 | €15,939 | €18,055 | +€2,116 | +13.3% |
| Other amounts receivable | 41 | €2,512 | €179 | -€2,332 | -92.9% |
| Cash at bank and in hand | 54/58 | €12,426 | €48,187 | +€35,761 | +288% |
| Deferred charges and accrued income | 490/1 | €7,793 | €5,187 | -€2,606 | -33.4% |
| Total equity and liabilities | 10/49 | €129,173 | €137,683 | +€8,510 | +6.6% |
| Equity | 10/15 | €17,404 | €63,807 | +€46,403 | +267% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,056 | €13,347 | +€46,403 | |
| Amounts payable | 17/49 | €111,768 | €73,875 | -€37,893 | -33.9% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,660 | €12,752 | -€37,908 | -74.8% |
| Current portion of amounts payable after more than one year | 42 | €9,054 | - | -€9,054 | |
| Trade debts | 44 | €27,516 | €10,576 | -€16,940 | -61.6% |
| Suppliers | 440/4 | €27,516 | €10,576 | -€16,940 | -61.6% |
| Advances received on contracts in progress | 46 | - | €305 | +€305 | |
| Taxes, remuneration and social security | 45 | €510 | €1,126 | +€616 | +121% |
| Taxes | 450/3 | €510 | €1,126 | +€616 | +121% |
| Other amounts payable | 47/48 | €13,580 | €744 | -€12,836 | -94.5% |
| Accrued charges and deferred income | 492/3 | €1,108 | €1,123 | +€15 | +1.4% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €3,638 | €2,730 | -€908 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,255 | €24,428 | +€2,173 | +9.8% |
| Other operating charges | 640/8 | €2,046 | €1,163 | -€883 | -43.1% |
| Gross operating margin | 9900 | €64,141 | €77,522 | +€13,381 | +20.9% |
| Operating profit (loss) | 9901 | €36,203 | €49,200 | +€12,998 | +35.9% |
| Financial income | 75/76B | €36 | €14 | -€22 | -61.4% |
| Recurring financial income | 75 | €36 | €14 | -€22 | -61.4% |
| Financial charges | 65/66B | €3,578 | €2,526 | -€1,052 | -29.4% |
| Recurring financial charges | 65 | €3,578 | €2,526 | -€1,052 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €32,660 | €46,688 | +€14,028 | +43.0% |
| Income taxes | 67/77 | €510 | €285 | -€225 | -44.1% |
| Profit (loss) for the period | 9904 | €32,150 | €46,403 | +€14,253 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,150 | €46,403 | +€14,253 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.