VALTIGE: what changed
Two fiscal 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.
VALTIGE
Largest movements
- Receivables within one year +€33,309
up €33,309 (+270.6%), from €12,310 to €45,619
of which Trade receivables: +€22,324
- Receivables after one year -€10,643
no longer reported in 2025 (was €10,643)
- Cash -€7,326
down €7,326 (-8.2%), from €89,883 to €82,557
mainly Receivables within one year (-€33,309) and Other debts (-€22,997)
- Tangible fixed assets -€1,547
down €1,547 (-67.2%), from €2,300 to €754
of which Furniture and vehicles: -€1,222
- Reserves +€38,081
up €38,081 (+90.6%), from €42,036 to €80,118
- Other debts -€22,997
down €22,997 (-69.7%), from €32,997 to €10,000
- Tax, wage and social debts -€4,407
down €4,407 (-33.0%), from €13,344 to €8,937
of which Taxes: -€4,183
- Trade debts +€2,065
up €2,065 (+136.0%), from €1,518 to €3,582
- Gross operating margin -€8,267
down €8,267 (-10.4%), from €79,834 to €71,567
- Other operating charges -€994
down €994 (-46.7%), from €2,131 to €1,137
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.
Cash bridge derived
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 | €123,008 | €135,750 | +€12,742 | +10.4% |
| Fixed assets | 21/28 | €2,300 | €754 | -€1,547 | -67.2% |
| Tangible fixed assets | 22/27 | €2,300 | €754 | -€1,547 | -67.2% |
| Furniture and vehicles | 24 | €1,623 | €401 | -€1,222 | -75.3% |
| Other tangible fixed assets | 26 | €677 | €353 | -€324 | -47.9% |
| Current assets | 29/58 | €120,707 | €134,996 | +€14,289 | +11.8% |
| Amounts receivable after more than one year | 29 | €10,643 | - | -€10,643 | |
| Other amounts receivable | 291 | €10,643 | - | -€10,643 | |
| Amounts receivable within one year | 40/41 | €12,310 | €45,619 | +€33,309 | +270.6% |
| Trade receivables | 40 | €11,616 | €33,940 | +€22,324 | +192.2% |
| Other amounts receivable | 41 | €694 | €11,680 | +€10,986 | +1582.7% |
| Cash at bank and in hand | 54/58 | €89,883 | €82,557 | -€7,326 | -8.2% |
| Deferred charges and accrued income | 490/1 | €7,872 | €6,820 | -€1,052 | -13.4% |
| Total equity and liabilities | 10/49 | €123,008 | €135,750 | +€12,742 | +10.4% |
| Equity | 10/15 | €75,149 | €113,231 | +€38,081 | +50.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €42,036 | €80,118 | +€38,081 | +90.6% |
| Distributable reserves | 133 | €42,036 | €80,118 | +€38,081 | +90.6% |
| Profit (loss) carried forward | 14 | €32,613 | €32,613 | = | 0.0% |
| Amounts payable | 17/49 | €47,858 | €22,519 | -€25,339 | -52.9% |
| Amounts payable within one year | 42/48 | €47,858 | €22,519 | -€25,339 | -52.9% |
| Trade debts | 44 | €1,518 | €3,582 | +€2,065 | +136.0% |
| Suppliers | 440/4 | €1,518 | €3,582 | +€2,065 | +136.0% |
| Taxes, remuneration and social security | 45 | €13,344 | €8,937 | -€4,407 | -33.0% |
| Taxes | 450/3 | €13,120 | €8,937 | -€4,183 | -31.9% |
| Remuneration and social security | 454/9 | €224 | - | -€224 | |
| Other amounts payable | 47/48 | €32,997 | €10,000 | -€22,997 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €1,547 | -€518 | -25.1% |
| Other operating charges | 640/8 | €2,131 | €1,137 | -€994 | -46.7% |
| Gross operating margin | 9900 | €79,834 | €71,567 | -€8,267 | -10.4% |
| Operating profit (loss) | 9901 | €75,639 | €68,884 | -€6,755 | -8.9% |
| Financial income | 75/76B | €299 | €244 | -€55 | -18.3% |
| Recurring financial income | 75 | €299 | €244 | -€55 | -18.3% |
| Financial charges | 65/66B | €4,070 | €4,095 | +€26 | +0.6% |
| Recurring financial charges | 65 | €4,070 | €4,095 | +€26 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €71,868 | €65,033 | -€6,835 | -9.5% |
| Income taxes | 67/77 | €16,306 | €16,951 | +€645 | +4.0% |
| Profit (loss) for the period | 9904 | €55,562 | €48,081 | -€7,481 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,562 | €48,081 | -€7,481 | -13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.