VALUOR: 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.
VALUOR
Largest movements
- Cash +€66,610
up €66,610 (+31.0%), from €214,971 to €281,581
mainly Net result for the year (+€96,184) and Other debts (+€80,750)
- Receivables within one year +€54,728
up €54,728 (+60.9%), from €89,848 to €144,576
of which Other amounts receivable: +€43,765
- Current investments +€6,000
up €6,000 (+13.9%), from €43,200 to €49,200
- Other debts +€80,750
new in 2024: €80,750
- Tax, wage and social debts +€42,221
up €42,221 (+113.5%), from €37,187 to €79,408
- Other operating charges +€2,392
up €2,392 (+72.4%), from €3,303 to €5,695
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.
Cash bridge derived
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 | €361,905 | €485,241 | +€123,336 | +34.1% |
| Fixed assets | 21/28 | €13,886 | €9,040 | -€4,846 | -34.9% |
| Tangible fixed assets | 22/27 | €13,886 | €9,040 | -€4,846 | -34.9% |
| Furniture and vehicles | 24 | €13,886 | €9,040 | -€4,846 | -34.9% |
| Current assets | 29/58 | €348,019 | €476,201 | +€128,182 | +36.8% |
| Amounts receivable within one year | 40/41 | €89,848 | €144,576 | +€54,728 | +60.9% |
| Trade receivables | 40 | €52,205 | €63,168 | +€10,963 | +21.0% |
| Other amounts receivable | 41 | €37,643 | €81,408 | +€43,765 | +116.3% |
| Current investments | 50/53 | €43,200 | €49,200 | +€6,000 | +13.9% |
| Cash at bank and in hand | 54/58 | €214,971 | €281,581 | +€66,610 | +31.0% |
| Deferred charges and accrued income | 490/1 | - | €844 | +€844 | |
| Total equity and liabilities | 10/49 | €361,905 | €485,241 | +€123,336 | +34.1% |
| Equity | 10/15 | €320,994 | €322,177 | +€1,183 | +0.4% |
| Contributions | 10/11 | €1 | - | -€1 | |
| Reserves | 13 | €40,043 | €40,043 | = | 0.0% |
| Distributable reserves | 133 | €40,043 | €40,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,950 | €282,134 | +€1,184 | +0.4% |
| Amounts payable | 17/49 | €40,911 | €163,064 | +€122,153 | +298.6% |
| Amounts payable within one year | 42/48 | €40,911 | €163,064 | +€122,153 | +298.6% |
| Trade debts | 44 | €3,724 | €2,906 | -€818 | -22.0% |
| Suppliers | 440/4 | €3,724 | €2,906 | -€818 | -22.0% |
| Taxes, remuneration and social security | 45 | €37,187 | €79,408 | +€42,221 | +113.5% |
| Taxes | 450/3 | €37,187 | €79,408 | +€42,221 | +113.5% |
| Other amounts payable | 47/48 | - | €80,750 | +€80,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,943 | €7,619 | +€676 | +9.7% |
| Other operating charges | 640/8 | €3,303 | €5,695 | +€2,392 | +72.4% |
| Gross operating margin | 9900 | €139,858 | €139,056 | -€802 | -0.6% |
| Operating profit (loss) | 9901 | €129,612 | €125,742 | -€3,870 | -3.0% |
| Financial income | 75/76B | €2,416 | €3,493 | +€1,077 | +44.6% |
| Recurring financial income | 75 | €2,416 | €3,493 | +€1,077 | +44.6% |
| Financial charges | 65/66B | €80 | €84 | +€4 | +5.0% |
| Recurring financial charges | 65 | €80 | €84 | +€4 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €131,948 | €129,151 | -€2,797 | -2.1% |
| Income taxes | 67/77 | €32,191 | €32,967 | +€776 | +2.4% |
| Profit (loss) for the period | 9904 | €99,757 | €96,184 | -€3,573 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,757 | €96,184 | -€3,573 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.