VaLuE 2 you: 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.
VaLuE 2 you
Largest movements
- Tangible fixed assets +€36,776
up €36,776 (+6.5%), from €566,681 to €603,457
of which Land and buildings: +€37,172
- Cash +€25,357
up €25,357 (+35.6%), from €71,257 to €96,615
mainly Net result for the year (+€104,609) and Depreciation (+€18,032)
- Reserves +€235,000
up €235,000 (+114%), from €205,860 to €440,860
of which Distributable reserves: +€235,000
- Profit (loss) carried forward -€130,391
down €130,391 (-98.8%), from €132,002 to €1,612
- Debts after one year -€28,577
down €28,577 (-13.4%), from €212,949 to €184,372
of which Financial debts: -€31,547
- Tax, wage and social debts -€11,693
down €11,693 (-33.1%), from €35,332 to €23,639
- Gross operating margin -€14,151
down €14,151 (-7.0%), from €200,773 to €186,622
- Taxes -€6,070
down €6,070 (-10.4%), from €58,132 to €52,062
- Depreciation +€5,128
up €5,128 (+39.7%), from €12,904 to €18,032
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 | €665,473 | €724,464 | +€58,991 | +8.9% |
| Fixed assets | 21/28 | €566,681 | €603,457 | +€36,776 | +6.5% |
| Tangible fixed assets | 22/27 | €566,681 | €603,457 | +€36,776 | +6.5% |
| Land and buildings | 22 | €566,286 | €603,457 | +€37,172 | +6.6% |
| Plant, machinery and equipment | 23 | €396 | - | -€396 | |
| Current assets | 29/58 | €98,792 | €121,007 | +€22,215 | +22.5% |
| Amounts receivable within one year | 40/41 | €26,958 | €23,172 | -€3,786 | -14.0% |
| Trade receivables | 40 | €26,634 | €23,040 | -€3,594 | -13.5% |
| Other amounts receivable | 41 | €324 | €132 | -€192 | -59.2% |
| Cash at bank and in hand | 54/58 | €71,257 | €96,615 | +€25,357 | +35.6% |
| Deferred charges and accrued income | 490/1 | €576 | €1,220 | +€644 | +112% |
| Total equity and liabilities | 10/49 | €665,473 | €724,464 | +€58,991 | +8.9% |
| Equity | 10/15 | €350,262 | €454,872 | +€104,609 | +29.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €205,860 | €440,860 | +€235,000 | +114% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €204,000 | €439,000 | +€235,000 | +115% |
| Profit (loss) carried forward | 14 | €132,002 | €1,612 | -€130,391 | -98.8% |
| Amounts payable | 17/49 | €315,211 | €269,593 | -€45,618 | -14.5% |
| Amounts payable after more than one year | 17 | €212,949 | €184,372 | -€28,577 | -13.4% |
| Financial debts | 170/4 | €212,949 | €181,402 | -€31,547 | -14.8% |
| Other amounts payable | 178/9 | - | €2,970 | +€2,970 | |
| Amounts payable within one year | 42/48 | €102,262 | €85,221 | -€17,041 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €30,311 | €31,547 | +€1,236 | +4.1% |
| Trade debts | 44 | €349 | €179 | -€169 | -48.6% |
| Suppliers | 440/4 | €349 | €179 | -€169 | -48.6% |
| Taxes, remuneration and social security | 45 | €35,332 | €23,639 | -€11,693 | -33.1% |
| Taxes | 450/3 | €35,332 | €23,639 | -€11,693 | -33.1% |
| Other amounts payable | 47/48 | €36,271 | €29,856 | -€6,415 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,904 | €18,032 | +€5,128 | +39.7% |
| Other operating charges | 640/8 | €2,365 | €2,263 | -€102 | -4.3% |
| Gross operating margin | 9900 | €200,773 | €186,622 | -€14,151 | -7.0% |
| Operating profit (loss) | 9901 | €185,503 | €166,326 | -€19,177 | -10.3% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €11,289 | €9,693 | -€1,596 | -14.1% |
| Recurring financial charges | 65 | €11,289 | €9,693 | -€1,596 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €174,214 | €156,671 | -€17,543 | -10.1% |
| Income taxes | 67/77 | €58,132 | €52,062 | -€6,070 | -10.4% |
| Profit (loss) for the period | 9904 | €116,082 | €104,609 | -€11,473 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,082 | €104,609 | -€11,473 | -9.9% |
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 16 October 2026 via checked.be.