VALUCA: 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.
VALUCA
Largest movements
- Cash +€214,287
up €214,287 (+14920.3%), from €1,436 to €215,724
mainly Investment in fixed assets (net) (+€139,183) and Net result for the year (+€53,344)
- Tangible fixed assets -€148,349
down €148,349 (-54.6%), from €271,542 to €123,193
- Profit (loss) carried forward +€53,344
up €53,344 (+40.2%), from -€132,652 to -€79,307
- Tax, wage and social debts +€13,551
new in 2025: €13,551
- Financial income +€100,817
new in 2025: €100,817
of which Financial income: +€100,817
- Gross operating margin -€39,442
down €39,442, from €18,702 to -€20,741
- Taxes +€13,551
up €13,551, from €0 to €13,551
- Depreciation -€5,708
down €5,708 (-38.4%), from €14,874 to €9,166
- Other operating charges +€805
up €805 (+25.4%), from €3,164 to €3,969
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 | €1,117,562 | €1,188,014 | +€70,453 | +6.3% |
| Fixed assets | 21/28 | €614,528 | €466,180 | -€148,349 | -24.1% |
| Tangible fixed assets | 22/27 | €271,542 | €123,193 | -€148,349 | -54.6% |
| Land and buildings | 22 | €271,542 | €123,193 | -€148,349 | -54.6% |
| Financial fixed assets | 28 | €342,987 | €342,987 | = | 0.0% |
| Current assets | 29/58 | €503,033 | €721,835 | +€218,802 | +43.5% |
| Amounts receivable within one year | 40/41 | €489,247 | €493,595 | +€4,348 | +0.9% |
| Other amounts receivable | 41 | €489,247 | €493,595 | +€4,348 | +0.9% |
| Cash at bank and in hand | 54/58 | €1,436 | €215,724 | +€214,287 | +14920.3% |
| Deferred charges and accrued income | 490/1 | €12,350 | €12,516 | +€166 | +1.3% |
| Total equity and liabilities | 10/49 | €1,117,562 | €1,188,014 | +€70,453 | +6.3% |
| Equity | 10/15 | €483,956 | €537,301 | +€53,344 | +11.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €366,608 | €366,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,573 | €16,573 | = | 0.0% |
| Legal reserve | 130 | €16,573 | €16,573 | = | 0.0% |
| Distributable reserves | 133 | €350,035 | €350,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,652 | -€79,307 | +€53,344 | +40.2% |
| Amounts payable | 17/49 | €633,606 | €650,714 | +€17,108 | +2.7% |
| Amounts payable within one year | 42/48 | €633,606 | €650,156 | +€16,551 | +2.6% |
| Trade debts | 44 | €350,100 | €350,000 | -€100 | 0.0% |
| Suppliers | 440/4 | €350,100 | €350,000 | -€100 | 0.0% |
| Taxes, remuneration and social security | 45 | - | €13,551 | +€13,551 | |
| Taxes | 450/3 | - | €13,551 | +€13,551 | |
| Other amounts payable | 47/48 | €283,506 | €286,606 | +€3,100 | +1.1% |
| Accrued charges and deferred income | 492/3 | - | €558 | +€558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,874 | €9,166 | -€5,708 | -38.4% |
| Other operating charges | 640/8 | €3,164 | €3,969 | +€805 | +25.4% |
| Gross operating margin | 9900 | €18,702 | -€20,741 | -€39,442 | |
| Operating profit (loss) | 9901 | €663 | -€33,876 | -€34,540 | |
| Financial income | 75/76B | - | €100,817 | +€100,817 | |
| Recurring financial income | 75 | - | €100,817 | +€100,817 | |
| Non-recurring financial income | 76B | - | €100,817 | +€100,817 | |
| Financial charges | 65/66B | €44 | €46 | +€2 | +5.7% |
| Recurring financial charges | 65 | €44 | €46 | +€2 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €620 | €66,895 | +€66,275 | +10690.6% |
| Income taxes | 67/77 | €0 | €13,551 | +€13,551 | |
| Profit (loss) for the period | 9904 | €620 | €53,344 | +€52,724 | +8504.8% |
| Profit (loss) for the period to be appropriated | 9905 | €620 | €53,344 | +€52,724 | +8504.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.