Value Coaching: 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 Coaching
Largest movements
- Cash -€300,407
down €300,407 (-79.5%), from €377,905 to €77,498
mainly Current investments (-€300,000) and Contributions, distributions and other (-€254,817)
- Current investments +€300,000
up €300,000 (+65.7%), from €456,562 to €756,562
- Tangible fixed assets +€123,560
up €123,560 (+1,010%), from €12,228 to €135,788
of which Land and buildings: +€126,445
- Receivables within one year -€65,145
down €65,145 (-59.4%), from €109,662 to €44,517
of which Trade receivables: -€64,596
- Other debts +€263,353
up €263,353 (+711%), from €37,055 to €300,408
- Tax, wage and social debts -€205,022
down €205,022 (-93.1%), from €220,235 to €15,213
- Gross operating margin -€58,955
down €58,955 (-15.0%), from €392,289 to €333,333
- Taxes -€46,225
down €46,225 (-37.0%), from €125,095 to €78,870
- Financial charges +€4,844
up €4,844 (+170%), from €2,853 to €7,697
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 | €958,139 | €1,017,259 | +€59,120 | +6.2% |
| Fixed assets | 21/28 | €12,228 | €135,788 | +€123,560 | +1,010% |
| Tangible fixed assets | 22/27 | €12,228 | €135,788 | +€123,560 | +1,010% |
| Land and buildings | 22 | €1,762 | €128,208 | +€126,445 | +7,175% |
| Furniture and vehicles | 24 | €10,466 | €7,580 | -€2,886 | -27.6% |
| Current assets | 29/58 | €945,911 | €881,471 | -€64,440 | -6.8% |
| Amounts receivable within one year | 40/41 | €109,662 | €44,517 | -€65,145 | -59.4% |
| Trade receivables | 40 | €108,896 | €44,301 | -€64,596 | -59.3% |
| Other amounts receivable | 41 | €766 | €216 | -€549 | -71.8% |
| Current investments | 50/53 | €456,562 | €756,562 | +€300,000 | +65.7% |
| Cash at bank and in hand | 54/58 | €377,905 | €77,498 | -€300,407 | -79.5% |
| Deferred charges and accrued income | 490/1 | €1,782 | €2,894 | +€1,113 | +62.4% |
| Total equity and liabilities | 10/49 | €958,139 | €1,017,259 | +€59,120 | +6.2% |
| Equity | 10/15 | €693,951 | €693,951 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €691,951 | €691,951 | = | 0.0% |
| Distributable reserves | 133 | €691,951 | €691,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €264,188 | €323,308 | +€59,120 | +22.4% |
| Amounts payable within one year | 42/48 | €260,001 | €320,383 | +€60,382 | +23.2% |
| Financial debts | 43 | €1,801 | €1,638 | -€162 | -9.0% |
| Credit institutions | 430/8 | €1,801 | €1,638 | -€162 | -9.0% |
| Trade debts | 44 | €910 | €3,123 | +€2,213 | +243% |
| Suppliers | 440/4 | €910 | €3,123 | +€2,213 | +243% |
| Taxes, remuneration and social security | 45 | €220,235 | €15,213 | -€205,022 | -93.1% |
| Taxes | 450/3 | €220,235 | €15,213 | -€205,022 | -93.1% |
| Other amounts payable | 47/48 | €37,055 | €300,408 | +€263,353 | +711% |
| Accrued charges and deferred income | 492/3 | €4,187 | €2,926 | -€1,262 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,604 | €4,367 | +€1,763 | +67.7% |
| Other operating charges | 640/8 | €1,201 | €1,112 | -€89 | -7.4% |
| Gross operating margin | 9900 | €392,289 | €333,333 | -€58,955 | -15.0% |
| Operating profit (loss) | 9901 | €388,483 | €327,854 | -€60,629 | -15.6% |
| Financial income | 75/76B | €14,907 | €13,530 | -€1,377 | -9.2% |
| Recurring financial income | 75 | €14,907 | €13,530 | -€1,377 | -9.2% |
| Financial charges | 65/66B | €2,853 | €7,697 | +€4,844 | +170% |
| Recurring financial charges | 65 | €2,853 | €7,697 | +€4,844 | +170% |
| Profit (loss) for the period before taxes | 9903 | €400,537 | €333,687 | -€66,850 | -16.7% |
| Income taxes | 67/77 | €125,095 | €78,870 | -€46,225 | -37.0% |
| Profit (loss) for the period | 9904 | €275,442 | €254,817 | -€20,625 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €275,442 | €254,817 | -€20,625 | -7.5% |
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 17 October 2026 via checked.be.