VALUENDO: 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.
VALUENDO
Largest movements
- Cash +€7,552
up €7,552 (+42.9%), from €17,618 to €25,170
mainly Net result for the year (+€3,296) and Accrued charges and deferred income (+€2,457)
- Tangible fixed assets -€956
down €956 (-32.5%), from €2,938 to €1,982
of which Plant, machinery and equipment: -€790
- Deferred charges and accrued income -€673
down €673 (-55.9%), from €1,204 to €530
- Accrued charges and deferred income +€2,457
new in 2025: €2,457
- Profit (loss) carried forward +€2,437
up €2,437 (+50.2%), from -€4,851 to -€2,414
- Trade debts +€2,239
up €2,239 (+109%), from €2,051 to €4,290
- Other debts -€1,748
down €1,748 (-21.2%), from €8,249 to €6,501
- Tax, wage and social debts +€617
new in 2025: €617
- Gross operating margin +€6,978
up €6,978, from -€1,768 to €5,209
- Depreciation -€1,488
down €1,488 (-60.9%), from €2,444 to €956
- Other operating charges -€1,303
down €1,303 (-75.4%), from €1,728 to €425
- Financial charges +€562
up €562 (+771%), from €73 to €635
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 | €25,909 | €31,911 | +€6,002 | +23.2% |
| Fixed assets | 21/28 | €2,948 | €1,982 | -€966 | -32.8% |
| Tangible fixed assets | 22/27 | €2,938 | €1,982 | -€956 | -32.5% |
| Plant, machinery and equipment | 23 | €1,697 | €907 | -€790 | -46.5% |
| Furniture and vehicles | 24 | €1,242 | €1,075 | -€166 | -13.4% |
| Financial fixed assets | 28 | €10 | €0 | -€10 | -100% |
| Current assets | 29/58 | €22,961 | €29,929 | +€6,968 | +30.3% |
| Amounts receivable within one year | 40/41 | €4,139 | €4,228 | +€89 | +2.2% |
| Trade receivables | 40 | €1,745 | €3,713 | +€1,968 | +113% |
| Other amounts receivable | 41 | €2,393 | €515 | -€1,879 | -78.5% |
| Cash at bank and in hand | 54/58 | €17,618 | €25,170 | +€7,552 | +42.9% |
| Deferred charges and accrued income | 490/1 | €1,204 | €530 | -€673 | -55.9% |
| Total equity and liabilities | 10/49 | €25,909 | €31,911 | +€6,002 | +23.2% |
| Equity | 10/15 | €15,609 | €18,046 | +€2,437 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,851 | -€2,414 | +€2,437 | +50.2% |
| Amounts payable | 17/49 | €10,300 | €13,865 | +€3,565 | +34.6% |
| Amounts payable within one year | 42/48 | €10,300 | €11,408 | +€1,107 | +10.8% |
| Trade debts | 44 | €2,051 | €4,290 | +€2,239 | +109% |
| Suppliers | 440/4 | €2,051 | €4,290 | +€2,239 | +109% |
| Taxes, remuneration and social security | 45 | - | €617 | +€617 | |
| Taxes | 450/3 | - | €617 | +€617 | |
| Other amounts payable | 47/48 | €8,249 | €6,501 | -€1,748 | -21.2% |
| Accrued charges and deferred income | 492/3 | - | €2,457 | +€2,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,444 | €956 | -€1,488 | -60.9% |
| Other operating charges | 640/8 | €1,728 | €425 | -€1,303 | -75.4% |
| Gross operating margin | 9900 | -€1,768 | €5,209 | +€6,978 | |
| Operating profit (loss) | 9901 | -€5,940 | €3,828 | +€9,768 | |
| Financial income | 75/76B | €79 | €103 | +€24 | +29.8% |
| Recurring financial income | 75 | €79 | €103 | +€24 | +29.8% |
| Financial charges | 65/66B | €73 | €635 | +€562 | +771% |
| Recurring financial charges | 65 | €73 | €635 | +€562 | +771% |
| Profit (loss) for the period before taxes | 9903 | -€5,933 | €3,296 | +€9,230 | |
| Profit (loss) for the period | 9904 | -€5,933 | €3,296 | +€9,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,933 | €3,296 | +€9,230 |
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 26 October 2026 via checked.be.