Valueleaf: 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.
Valueleaf
Largest movements
- Cash -€210,454
down €210,454 (-68.6%), from €306,709 to €96,255
mainly Trade debts (-€497,586) and Receivables within one year (-€62,961)
- Receivables within one year +€62,961
up €62,961 (+6.4%), from €976,708 to €1.0m
of which Trade receivables: +€125,911
- Other debts +€519,111
up €519,111 (+1,099%), from €47,215 to €566,326
- Trade debts -€497,586
down €497,586 (-54.6%), from €911,623 to €414,037
- Tax, wage and social debts -€60,205
down €60,205 (-74.4%), from €80,904 to €20,700
- Advances received -€55,819
no longer reported in 2024 (was €55,819)
- Reserves -€53,828
down €53,828 (-29.4%), from €183,366 to €129,538
- Gross operating margin -€86,052
down €86,052, from €28,242 to -€57,810
- Financial charges -€20,294
down €20,294 (-82.8%), from €24,524 to €4,230
- Financial income +€6,198
up €6,198 (+492%), from €1,260 to €7,458
- Taxes -€6,028
no longer reported in 2024 (was €6,028)
- Other operating charges -€960
no longer reported in 2024 (was €960)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,283,927 | €1,135,923 | -€148,004 | -11.5% |
| Current assets | 29/58 | €1,283,927 | €1,135,923 | -€148,004 | -11.5% |
| Amounts receivable within one year | 40/41 | €976,708 | €1,039,668 | +€62,961 | +6.4% |
| Trade receivables | 40 | €740,572 | €866,483 | +€125,911 | +17.0% |
| Other amounts receivable | 41 | €236,135 | €173,185 | -€62,950 | -26.7% |
| Cash at bank and in hand | 54/58 | €306,709 | €96,255 | -€210,454 | -68.6% |
| Deferred charges and accrued income | 490/1 | €511 | - | -€511 | |
| Total equity and liabilities | 10/49 | €1,283,927 | €1,135,923 | -€148,004 | -11.5% |
| Equity | 10/15 | €188,366 | €134,538 | -€53,828 | -28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €183,366 | €129,538 | -€53,828 | -29.4% |
| Distributable reserves | 133 | €183,366 | €129,538 | -€53,828 | -29.4% |
| Amounts payable | 17/49 | €1,095,561 | €1,001,385 | -€94,176 | -8.6% |
| Amounts payable within one year | 42/48 | €1,095,561 | €1,001,062 | -€94,499 | -8.6% |
| Trade debts | 44 | €911,623 | €414,037 | -€497,586 | -54.6% |
| Suppliers | 440/4 | €911,623 | €414,037 | -€497,586 | -54.6% |
| Advances received on contracts in progress | 46 | €55,819 | - | -€55,819 | |
| Taxes, remuneration and social security | 45 | €80,904 | €20,700 | -€60,205 | -74.4% |
| Taxes | 450/3 | €80,904 | €20,700 | -€60,205 | -74.4% |
| Other amounts payable | 47/48 | €47,215 | €566,326 | +€519,111 | +1,099% |
| Accrued charges and deferred income | 492/3 | - | €323 | +€323 | |
| Other operating charges | 640/8 | €960 | - | -€960 | |
| Gross operating margin | 9900 | €28,242 | -€57,810 | -€86,052 | |
| Operating profit (loss) | 9901 | €27,282 | -€57,810 | -€85,092 | |
| Financial income | 75/76B | €1,260 | €7,458 | +€6,198 | +492% |
| Recurring financial income | 75 | €1,260 | €7,458 | +€6,198 | +492% |
| Financial charges | 65/66B | €24,524 | €4,230 | -€20,294 | -82.8% |
| Recurring financial charges | 65 | €24,524 | €4,230 | -€20,294 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €4,018 | -€54,583 | -€58,601 | |
| Income taxes | 67/77 | €6,028 | - | -€6,028 | |
| Profit (loss) for the period | 9904 | -€2,010 | -€54,583 | -€52,573 | -2,616% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,010 | -€54,583 | -€52,573 | -2,616% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.