VALSANTE: 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.
VALSANTE
Largest movements
- Cash -€19,419
down €19,419 (-82.6%), from €23,512 to €4,094
mainly Debts after one year (-€30,876) and Investment in fixed assets (net) (-€22,019)
- Receivables within one year +€15,621
up €15,621 (+57.8%), from €27,042 to €42,663
- Tangible fixed assets -€11,789
down €11,789 (-2.0%), from €579,949 to €568,160
of which Land and buildings: -€23,362
- Debts after one year -€30,876
down €30,876 (-6.0%), from €517,714 to €486,839
- Profit (loss) carried forward +€20,837
up €20,837 (+58.5%), from €35,639 to €56,476
- Gross operating margin +€16,702
up €16,702 (+34.5%), from €48,373 to €65,075
- Other operating charges -€3,022
down €3,022 (-58.9%), from €5,129 to €2,107
- Depreciation -€2,897
down €2,897 (-7.9%), from €36,705 to €33,808
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 | €630,704 | €615,455 | -€15,250 | -2.4% |
| Fixed assets | 21/28 | €579,949 | €568,160 | -€11,789 | -2.0% |
| Tangible fixed assets | 22/27 | €579,949 | €568,160 | -€11,789 | -2.0% |
| Land and buildings | 22 | €579,418 | €556,055 | -€23,362 | -4.0% |
| Furniture and vehicles | 24 | €532 | €12,105 | +€11,574 | +2,177% |
| Current assets | 29/58 | €50,755 | €47,295 | -€3,461 | -6.8% |
| Amounts receivable within one year | 40/41 | €27,042 | €42,663 | +€15,621 | +57.8% |
| Other amounts receivable | 41 | €27,042 | €42,663 | +€15,621 | +57.8% |
| Cash at bank and in hand | 54/58 | €23,512 | €4,094 | -€19,419 | -82.6% |
| Deferred charges and accrued income | 490/1 | €201 | €538 | +€337 | +168% |
| Total equity and liabilities | 10/49 | €630,704 | €615,455 | -€15,250 | -2.4% |
| Equity | 10/15 | €35,640 | €56,477 | +€20,837 | +58.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,639 | €56,476 | +€20,837 | +58.5% |
| Amounts payable | 17/49 | €595,064 | €558,978 | -€36,087 | -6.1% |
| Amounts payable after more than one year | 17 | €517,714 | €486,839 | -€30,876 | -6.0% |
| Financial debts | 170/4 | €517,714 | €486,839 | -€30,876 | -6.0% |
| Amounts payable within one year | 42/48 | €75,550 | €72,139 | -€3,411 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €33,234 | €34,548 | +€1,314 | +4.0% |
| Trade debts | 44 | €33,521 | €28,620 | -€4,901 | -14.6% |
| Suppliers | 440/4 | €33,521 | €28,620 | -€4,901 | -14.6% |
| Taxes, remuneration and social security | 45 | €117 | €293 | +€176 | +150% |
| Taxes | 450/3 | €117 | €293 | +€176 | +150% |
| Other amounts payable | 47/48 | €8,678 | €8,678 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,705 | €33,808 | -€2,897 | -7.9% |
| Other operating charges | 640/8 | €5,129 | €2,107 | -€3,022 | -58.9% |
| Gross operating margin | 9900 | €48,373 | €65,075 | +€16,702 | +34.5% |
| Operating profit (loss) | 9901 | €6,538 | €29,159 | +€22,621 | +346% |
| Financial income | 75/76B | €1,667 | €1,558 | -€109 | -6.5% |
| Recurring financial income | 75 | €1,667 | €1,558 | -€109 | -6.5% |
| Financial charges | 65/66B | €10,304 | €9,704 | -€600 | -5.8% |
| Recurring financial charges | 65 | €10,304 | €9,704 | -€600 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,099 | €21,013 | +€23,112 | |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€2,099 | €20,837 | +€22,936 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,099 | €20,837 | +€22,936 |
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 15 October 2026 via checked.be.