VALS PLAT: 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.
VALS PLAT
Largest movements
- Receivables within one year -€37,807
down €37,807 (-87.2%), from €43,360 to €5,553
of which Trade receivables: -€36,580
- Cash +€6,939
up €6,939 (+74.3%), from €9,344 to €16,283
mainly Receivables within one year (+€37,807) and Depreciation (+€5,430)
- Tangible fixed assets -€3,325
down €3,325 (-11.1%), from €29,935 to €26,610
of which Land and buildings: -€2,512
- Trade debts -€19,878
down €19,878 (-91.8%), from €21,656 to €1,778
- Other debts -€13,017
down €13,017 (-32.9%), from €39,602 to €26,585
- Tax, wage and social debts -€2,220
down €2,220 (-34.0%), from €6,536 to €4,316
of which Taxes: -€2,220
- Profit (loss) carried forward +€921
up €921 (+3.9%), from -€23,513 to -€22,592
- Gross operating margin +€5,435
up €5,435 (+148%), from €3,660 to €9,095
- Taxes +€1,158
up €1,158 (+602%), from €192 to €1,350
- Depreciation +€1,006
up €1,006 (+22.7%), from €4,424 to €5,430
- Other operating charges +€734
up €734 (+315%), from €233 to €967
- Financial charges +€203
up €203 (+74.5%), from €272 to €475
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 | €82,639 | €48,445 | -€34,194 | -41.4% |
| Fixed assets | 21/28 | €29,935 | €26,610 | -€3,325 | -11.1% |
| Tangible fixed assets | 22/27 | €29,935 | €26,610 | -€3,325 | -11.1% |
| Land and buildings | 22 | €20,651 | €18,139 | -€2,512 | -12.2% |
| Plant, machinery and equipment | 23 | €8,853 | €8,471 | -€383 | -4.3% |
| Furniture and vehicles | 24 | €431 | - | -€431 | |
| Current assets | 29/58 | €52,703 | €21,835 | -€30,868 | -58.6% |
| Amounts receivable within one year | 40/41 | €43,360 | €5,553 | -€37,807 | -87.2% |
| Trade receivables | 40 | €38,075 | €1,495 | -€36,580 | -96.1% |
| Other amounts receivable | 41 | €5,285 | €4,057 | -€1,227 | -23.2% |
| Cash at bank and in hand | 54/58 | €9,344 | €16,283 | +€6,939 | +74.3% |
| Total equity and liabilities | 10/49 | €82,639 | €48,445 | -€34,194 | -41.4% |
| Equity | 10/15 | €3,345 | €4,266 | +€921 | +27.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,658 | €20,658 | = | 0.0% |
| Distributable reserves | 133 | €20,658 | €20,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,513 | -€22,592 | +€921 | +3.9% |
| Amounts payable | 17/49 | €79,294 | €44,179 | -€35,115 | -44.3% |
| Amounts payable after more than one year | 17 | €11,500 | €11,500 | = | 0.0% |
| Financial debts | 170/4 | €11,500 | €11,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,794 | €32,679 | -€35,115 | -51.8% |
| Trade debts | 44 | €21,656 | €1,778 | -€19,878 | -91.8% |
| Suppliers | 440/4 | €21,656 | €1,778 | -€19,878 | -91.8% |
| Taxes, remuneration and social security | 45 | €6,536 | €4,316 | -€2,220 | -34.0% |
| Taxes | 450/3 | €5,088 | €2,868 | -€2,220 | -43.6% |
| Remuneration and social security | 454/9 | €1,448 | €1,448 | = | 0.0% |
| Other amounts payable | 47/48 | €39,602 | €26,585 | -€13,017 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,424 | €5,430 | +€1,006 | +22.7% |
| Other operating charges | 640/8 | €233 | €967 | +€734 | +315% |
| Gross operating margin | 9900 | €3,660 | €9,095 | +€5,435 | +148% |
| Operating profit (loss) | 9901 | -€997 | €2,697 | +€3,695 | |
| Financial income | 75/76B | €65 | €49 | -€17 | -25.6% |
| Recurring financial income | 75 | €65 | €49 | -€17 | -25.6% |
| Financial charges | 65/66B | €272 | €475 | +€203 | +74.5% |
| Recurring financial charges | 65 | €272 | €475 | +€203 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,204 | €2,271 | +€3,475 | |
| Income taxes | 67/77 | €192 | €1,350 | +€1,158 | +602% |
| Profit (loss) for the period | 9904 | -€1,396 | €921 | +€2,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,396 | €921 | +€2,317 |
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 17 October 2026 via checked.be.