Valterra: 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.
Valterra
Largest movements
- Receivables within one year -€9,870
down €9,870 (-56.6%), from €17,437 to €7,567
of which Trade receivables: -€8,534
- Cash +€6,815
up €6,815 (+36.3%), from €18,757 to €25,573
mainly Receivables within one year (+€9,870) and Other debts (+€6,262)
- Tangible fixed assets -€4,433
down €4,433 (-28.7%), from €15,424 to €10,991
of which Furniture and vehicles: -€3,352
- Stocks and contracts +€1,538
up €1,538 (+7.5%), from €20,449 to €21,987
- Profit (loss) carried forward -€7,256
down €7,256 (-41.3%), from -€17,582 to -€24,838
- Other debts +€6,262
up €6,262 (+11.2%), from €55,919 to €62,181
- Trade debts -€3,355
down €3,355 (-33.0%), from €10,162 to €6,807
- Tax, wage and social debts -€1,863
down €1,863 (-42.3%), from €4,401 to €2,538
- Gross operating margin -€6,301
down €6,301 (-35.9%), from €17,535 to €11,234
- Staff costs +€4,929
up €4,929 (+77.1%), from €6,393 to €11,321
- Taxes -€1,620
down €1,620 (-78.1%), from €2,073 to €453
- Depreciation +€943
up €943 (+25.1%), from €3,754 to €4,696
- Financial income +€735
up €735 (+128%), from €573 to €1,307
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 | €72,630 | €66,418 | -€6,212 | -8.6% |
| Fixed assets | 21/28 | €15,987 | €11,291 | -€4,696 | -29.4% |
| Intangible fixed assets | 21 | €263 | €0 | -€263 | -100% |
| Tangible fixed assets | 22/27 | €15,424 | €10,991 | -€4,433 | -28.7% |
| Furniture and vehicles | 24 | €4,809 | €1,457 | -€3,352 | -69.7% |
| Other tangible fixed assets | 26 | €10,615 | €9,534 | -€1,081 | -10.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €56,643 | €55,127 | -€1,516 | -2.7% |
| Stocks and contracts in progress | 3 | €20,449 | €21,987 | +€1,538 | +7.5% |
| Stocks | 30/36 | €20,449 | €21,987 | +€1,538 | +7.5% |
| Amounts receivable within one year | 40/41 | €17,437 | €7,567 | -€9,870 | -56.6% |
| Trade receivables | 40 | €16,100 | €7,567 | -€8,534 | -53.0% |
| Other amounts receivable | 41 | €1,336 | €0 | -€1,336 | -100% |
| Cash at bank and in hand | 54/58 | €18,757 | €25,573 | +€6,815 | +36.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €72,630 | €66,418 | -€6,212 | -8.6% |
| Equity | 10/15 | €1,018 | -€6,238 | -€7,256 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,582 | -€24,838 | -€7,256 | -41.3% |
| Amounts payable | 17/49 | €71,612 | €72,656 | +€1,044 | +1.5% |
| Amounts payable within one year | 42/48 | €70,482 | €71,526 | +€1,044 | +1.5% |
| Trade debts | 44 | €10,162 | €6,807 | -€3,355 | -33.0% |
| Suppliers | 440/4 | €10,162 | €6,807 | -€3,355 | -33.0% |
| Taxes, remuneration and social security | 45 | €4,401 | €2,538 | -€1,863 | -42.3% |
| Taxes | 450/3 | €4,401 | €2,538 | -€1,863 | -42.3% |
| Other amounts payable | 47/48 | €55,919 | €62,181 | +€6,262 | +11.2% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,130 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €6,393 | €11,321 | +€4,929 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | €4,696 | +€943 | +25.1% |
| Other operating charges | 640/8 | €1,192 | €849 | -€343 | -28.8% |
| Gross operating margin | 9900 | €17,535 | €11,234 | -€6,301 | -35.9% |
| Operating profit (loss) | 9901 | €6,197 | -€5,633 | -€11,830 | |
| Financial income | 75/76B | €573 | €1,307 | +€735 | +128% |
| Recurring financial income | 75 | €573 | €1,307 | +€735 | +128% |
| Financial charges | 65/66B | €3,012 | €2,478 | -€534 | -17.7% |
| Recurring financial charges | 65 | €3,012 | €2,478 | -€534 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €3,757 | -€6,803 | -€10,560 | |
| Income taxes | 67/77 | €2,073 | €453 | -€1,620 | -78.1% |
| Profit (loss) for the period | 9904 | €1,684 | -€7,256 | -€8,940 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,684 | -€7,256 | -€8,940 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.