Value4Health: 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.
Value4Health
Largest movements
- Receivables within one year -€310,080
down €310,080 (-66.1%), from €469,249 to €159,169
of which Other amounts receivable: -€194,536
- Intangible fixed assets -€30,000
down €30,000 (-10.8%), from €277,541 to €247,541
- Financial fixed assets +€9,180
new in 2025: €9,180
- Cash +€7,636
up €7,636 (+333.8%), from €2,287 to €9,923
mainly Receivables within one year (+€310,080) and Other debts (+€79,715)
- Trade debts -€366,371
down €366,371 (-92.0%), from €398,330 to €31,959
- Other debts +€79,715
new in 2025: €79,715
- Profit (loss) carried forward -€51,894
down €51,894 (-107.1%), from -€48,466 to -€100,360
- Tax, wage and social debts +€12,929
new in 2025: €12,929
of which Remuneration and social security: +€12,767
- Gross operating margin +€89,727
up €89,727, from -€26,670 to €63,057
- Staff costs +€83,824
new in 2025: €83,824
- Depreciation +€7,563
up €7,563 (+33.7%), from €22,459 to €30,022
- Financial charges +€1,368
up €1,368 (+6134.8%), from €22 to €1,390
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 | €749,864 | €428,553 | -€321,311 | -42.8% |
| Fixed assets | 21/28 | €277,541 | €258,402 | -€19,139 | -6.9% |
| Intangible fixed assets | 21 | €277,541 | €247,541 | -€30,000 | -10.8% |
| Tangible fixed assets | 22/27 | - | €1,681 | +€1,681 | |
| Furniture and vehicles | 24 | - | €1,681 | +€1,681 | |
| Financial fixed assets | 28 | - | €9,180 | +€9,180 | |
| Current assets | 29/58 | €472,323 | €170,151 | -€302,172 | -64.0% |
| Amounts receivable within one year | 40/41 | €469,249 | €159,169 | -€310,080 | -66.1% |
| Trade receivables | 40 | €261,965 | €146,421 | -€115,544 | -44.1% |
| Other amounts receivable | 41 | €207,284 | €12,748 | -€194,536 | -93.8% |
| Cash at bank and in hand | 54/58 | €2,287 | €9,923 | +€7,636 | +333.8% |
| Deferred charges and accrued income | 490/1 | €786 | €1,059 | +€273 | +34.7% |
| Total equity and liabilities | 10/49 | €749,864 | €428,553 | -€321,311 | -42.8% |
| Equity | 10/15 | €351,534 | €299,640 | -€51,894 | -14.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,466 | -€100,360 | -€51,894 | -107.1% |
| Amounts payable | 17/49 | €398,330 | €128,913 | -€269,417 | -67.6% |
| Amounts payable within one year | 42/48 | €398,330 | €124,603 | -€273,727 | -68.7% |
| Trade debts | 44 | €398,330 | €31,959 | -€366,371 | -92.0% |
| Suppliers | 440/4 | €398,330 | €31,959 | -€366,371 | -92.0% |
| Taxes, remuneration and social security | 45 | - | €12,929 | +€12,929 | |
| Taxes | 450/3 | - | €162 | +€162 | |
| Remuneration and social security | 454/9 | - | €12,767 | +€12,767 | |
| Other amounts payable | 47/48 | - | €79,715 | +€79,715 | |
| Accrued charges and deferred income | 492/3 | - | €4,310 | +€4,310 | |
| Remuneration, social security and pensions | 62 | - | €83,824 | +€83,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,459 | €30,022 | +€7,563 | +33.7% |
| Other operating charges | 640/8 | €101 | €110 | +€9 | +8.9% |
| Gross operating margin | 9900 | -€26,670 | €63,057 | +€89,727 | |
| Operating profit (loss) | 9901 | -€49,230 | -€50,899 | -€1,669 | -3.4% |
| Financial income | 75/76B | €786 | €558 | -€229 | -29.1% |
| Recurring financial income | 75 | €786 | €558 | -€229 | -29.1% |
| Financial charges | 65/66B | €22 | €1,390 | +€1,368 | +6134.8% |
| Recurring financial charges | 65 | €22 | €1,390 | +€1,368 | +6134.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,466 | -€51,731 | -€3,266 | -6.7% |
| Income taxes | 67/77 | - | €162 | +€162 | |
| Profit (loss) for the period | 9904 | -€48,466 | -€51,894 | -€3,428 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,466 | -€51,894 | -€3,428 | -7.1% |
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 6 October 2026 via checked.be.