VALTIBIEMONT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VALTIBIEMONT
Largest movements
- Cash +€23,765
up €23,765 (+11.9%), from €199,707 to €223,472
mainly Net result for the year (+€25,140) and Depreciation (+€14,064)
- Tangible fixed assets -€7,067
down €7,067 (-2.2%), from €319,066 to €312,000
- Reserves +€25,140
up €25,140 (+7.2%), from €350,795 to €375,935
of which Distributable reserves: +€25,140
- Tax, wage and social debts -€8,478
down €8,478 (-80.8%), from €10,494 to €2,016
- Trade debts +€6,871
up €6,871 (+1,722%), from €399 to €7,270
- Gross operating margin +€1,864
up €1,864 (+2.9%), from €65,037 to €66,901
- Taxes -€1,664
down €1,664 (-17.0%), from €9,811 to €8,147
- Financial charges -€897
down €897 (-11.8%), from €7,629 to €6,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €559,223 | €580,626 | +€21,403 | +3.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €319,066 | €312,000 | -€7,067 | -2.2% |
| Tangible fixed assets | 22/27 | €319,066 | €312,000 | -€7,067 | -2.2% |
| Land and buildings | 22 | €319,066 | €312,000 | -€7,067 | -2.2% |
| Current assets | 29/58 | €240,156 | €268,626 | +€28,470 | +11.9% |
| Amounts receivable within one year | 40/41 | €40,450 | €45,155 | +€4,705 | +11.6% |
| Trade receivables | 40 | €40,260 | €43,279 | +€3,018 | +7.5% |
| Other amounts receivable | 41 | €189 | €1,876 | +€1,687 | +891% |
| Cash at bank and in hand | 54/58 | €199,707 | €223,472 | +€23,765 | +11.9% |
| Total equity and liabilities | 10/49 | €559,223 | €580,626 | +€21,403 | +3.8% |
| Equity | 10/15 | €449,952 | €475,092 | +€25,140 | +5.6% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €350,795 | €375,935 | +€25,140 | +7.2% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €340,879 | €366,019 | +€25,140 | +7.4% |
| Amounts payable | 17/49 | €109,271 | €105,534 | -€3,737 | -3.4% |
| Amounts payable within one year | 42/48 | €109,271 | €105,534 | -€3,737 | -3.4% |
| Financial debts | 43 | €42 | €32 | -€10 | -25.0% |
| Credit institutions | 430/8 | €42 | €32 | -€10 | -25.0% |
| Trade debts | 44 | €399 | €7,270 | +€6,871 | +1,722% |
| Suppliers | 440/4 | €399 | €7,270 | +€6,871 | +1,722% |
| Taxes, remuneration and social security | 45 | €10,494 | €2,016 | -€8,478 | -80.8% |
| Taxes | 450/3 | €10,494 | €2,016 | -€8,478 | -80.8% |
| Other amounts payable | 47/48 | €98,336 | €96,216 | -€2,119 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,062 | €14,064 | +€2 | 0.0% |
| Other operating charges | 640/8 | €12,512 | €12,818 | +€306 | +2.4% |
| Gross operating margin | 9900 | €65,037 | €66,901 | +€1,864 | +2.9% |
| Operating profit (loss) | 9901 | €38,463 | €40,019 | +€1,556 | +4.0% |
| Financial charges | 65/66B | €7,629 | €6,732 | -€897 | -11.8% |
| Recurring financial charges | 65 | €7,629 | €6,732 | -€897 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €30,834 | €33,287 | +€2,454 | +8.0% |
| Income taxes | 67/77 | €9,811 | €8,147 | -€1,664 | -17.0% |
| Profit (loss) for the period | 9904 | €21,023 | €25,140 | +€4,117 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,023 | €25,140 | +€4,117 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.