VALTRIS: 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.
What changed
VALTRIS
NACE 38.330, Waste collection, recovery and disposal activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,732
2024 · €18,362-€3,630
Equity
€690,008
2024 · €682,256+€7,752
Cash
€8.9m
2024 · €7.8m+€1.1m
Balance sheet total
€34.0m
2024 · €33.8m+€222,320
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-4.9%), from €24.3m to €23.1m
of which Plant, machinery and equipment: -€921,423
- Cash +€1.1m
up €1.1m (+14.0%), from €7.8m to €8.9m
mainly Depreciation (+€3.1m) and Trade debts (+€2.2m)
Equity and liabilities
- Trade debts +€2.2m
up €2.2m (+267%), from €815,429 to €3.0m
- Debts after one year -€1.7m
down €1.7m (-11.3%), from €15.3m to €13.5m
Income statement
- Goods and materials +€801,595
up €801,595 (+13.3%), from €6.0m to €6.8m
- Services and other goods -€602,446
down €602,446 (-9.1%), from €6.6m to €6.0m
- Turnover +€552,050
up €552,050 (+3.5%), from €15.6m to €16.2m
- Depreciation +€289,195
up €289,195 (+10.2%), from €2.8m to €3.1m
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.
Result 2024
€18,362
Turnover
+€552,050
Other operating income
+€30,039
Goods and materials
-€801,595
Services and other goods
+€602,446
Depreciation
-€289,195
Provisions
-€88,607
Other operating charges
-€12,107
Financial income
-€7,764
Financial charges
+€21,198
Taxes
-€10,094
Result 2025
€14,732
raises the resultlowers the result
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.
From operations
+€4.7m
Investment
-€1.9m
Financing
-€1.7m
Cash 2024
€7.8m
From operations (derived)
+€4.7m
Net result for the year
+€14,732
Depreciation
+€3.1m
Receivables within one year
-€336,698
Smaller working-capital items
-€7,485
Provisions
-€280,371
Trade debts
+€2.2m
Tax, wage and social debts
+€43,060
Other debts
-€10,104
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€1.7m
Debts after one year
-€1.7m
Current portion of long-term debt
+€19,207
Contributions, distributions and other
-€6,981
Cash 2025
€8.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,770,046 | €33,992,365 | +€222,320 | +0.7% |
| Fixed assets | 21/28 | €24,339,874 | €23,133,749 | -€1.2m | -5.0% |
| Intangible fixed assets | 21 | €23,057 | €13,085 | -€9,972 | -43.3% |
| Tangible fixed assets | 22/27 | €24,316,689 | €23,120,535 | -€1.2m | -4.9% |
| Land and buildings | 22 | €10,101,965 | €10,782,266 | +€680,301 | +6.7% |
| Plant, machinery and equipment | 23 | €12,816,850 | €11,895,427 | -€921,423 | -7.2% |
| Furniture and vehicles | 24 | €330,102 | €289,705 | -€40,397 | -12.2% |
| Assets under construction and advance payments | 27 | €1,067,772 | €153,137 | -€914,635 | -85.7% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €25 | €25 | = | 0.0% |
| Participating interests | 282 | €25 | €25 | = | 0.0% |
| Other financial fixed assets | 284/8 | €104 | €104 | = | 0.0% |
| Shares | 284 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €9,430,171 | €10,858,617 | +€1.4m | +15.1% |
| Amounts receivable within one year | 40/41 | €1,645,606 | €1,982,304 | +€336,698 | +20.5% |
| Trade receivables | 40 | €1,196,879 | €1,772,685 | +€575,806 | +48.1% |
| Other amounts receivable | 41 | €448,727 | €209,618 | -€239,108 | -53.3% |
| Current investments | 50/53 | €0 | €0 | = | |
| Other investments | 51/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €7,775,865 | €8,861,737 | +€1.1m | +14.0% |
| Deferred charges and accrued income | 490/1 | €8,701 | €14,576 | +€5,875 | +67.5% |
| Total equity and liabilities | 10/49 | €33,770,046 | €33,992,365 | +€222,320 | +0.7% |
| Equity | 10/15 | €682,256 | €690,008 | +€7,752 | +1.1% |
| Contributions | 10/11 | €558,000 | €558,000 | = | 0.0% |
| Reserves | 13 | €55,800 | €55,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,800 | €55,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55,800 | €55,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,311 | €67,044 | +€14,732 | +28.2% |
| Investment grants | 15 | €16,145 | €9,164 | -€6,981 | -43.2% |
| Provisions and deferred taxes | 16 | €2,138,704 | €1,858,333 | -€280,371 | -13.1% |
| Provisions for liabilities and charges | 160/5 | €2,138,704 | €1,858,333 | -€280,371 | -13.1% |
| Major repairs and maintenance | 162 | €1,793,333 | €1,858,333 | +€65,000 | +3.6% |
| Environmental obligations | 163 | €345,371 | - | -€345,371 | |
| Amounts payable | 17/49 | €30,949,086 | €31,444,025 | +€494,939 | +1.6% |
| Amounts payable after more than one year | 17 | €15,264,649 | €13,535,353 | -€1.7m | -11.3% |
| Financial debts | 170/4 | €15,264,649 | €13,535,353 | -€1.7m | -11.3% |
| Credit institutions | 173 | €15,264,649 | €13,535,353 | -€1.7m | -11.3% |
| Amounts payable within one year | 42/48 | €15,673,328 | €17,899,172 | +€2.2m | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €1,710,089 | €1,729,296 | +€19,207 | +1.1% |
| Trade debts | 44 | €815,429 | €2,989,111 | +€2.2m | +267% |
| Suppliers | 440/4 | €815,429 | €2,989,111 | +€2.2m | +267% |
| Taxes, remuneration and social security | 45 | €0 | €43,060 | +€43,060 | |
| Taxes | 450/3 | €0 | €43,060 | +€43,060 | |
| Other amounts payable | 47/48 | €13,147,810 | €13,137,705 | -€10,104 | -0.1% |
| Accrued charges and deferred income | 492/3 | €11,109 | €9,500 | -€1,610 | -14.5% |
| Operating income | 70/76A | €15,639,816 | €16,221,904 | +€582,088 | +3.7% |
| Turnover | 70 | €15,599,713 | €16,151,763 | +€552,050 | +3.5% |
| Other operating income | 74 | €40,103 | €70,141 | +€30,039 | +74.9% |
| Operating charges | 60/66A | €15,452,954 | €16,042,012 | +€589,057 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €6,048,011 | €6,849,606 | +€801,595 | +13.3% |
| Purchases | 600/8 | €6,048,011 | €6,849,606 | +€801,595 | +13.3% |
| Services and other goods | 61 | €6,630,621 | €6,028,175 | -€602,446 | -9.1% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831,278 | €3,120,473 | +€289,195 | +10.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€368,978 | -€280,371 | +€88,607 | +24.0% |
| Other operating charges | 640/8 | €312,022 | €324,129 | +€12,107 | +3.9% |
| Operating profit (loss) | 9901 | €186,862 | €179,893 | -€6,969 | -3.7% |
| Financial income | 75/76B | €39,671 | €31,906 | -€7,764 | -19.6% |
| Recurring financial income | 75 | €39,671 | €31,906 | -€7,764 | -19.6% |
| Income from financial fixed assets | 750 | - | €0 | = | |
| Other financial income | 752/9 | €39,671 | €31,906 | -€7,764 | -19.6% |
| Financial charges | 65/66B | €209,944 | €188,746 | -€21,198 | -10.1% |
| Recurring financial charges | 65 | €209,944 | €188,746 | -€21,198 | -10.1% |
| Debt charges | 650 | €209,662 | €188,466 | -€21,196 | -10.1% |
| Other financial charges | 652/9 | €281 | €280 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €16,589 | €23,053 | +€6,465 | +39.0% |
| Income taxes | 67/77 | -€1,774 | €8,321 | +€10,094 | |
| Taxes | 670/3 | €0 | €8,321 | +€8,321 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,774 | €0 | -€1,774 | -100% |
| Profit (loss) for the period | 9904 | €18,362 | €14,732 | -€3,630 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,362 | €14,732 | -€3,630 | -19.8% |
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 16 October 2026 via checked.be.