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VALURA: 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.

What changed

VALURA

BE 0693.755.975
NACE 64.190, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€208,322
2024 · €218,426-€10,104
Equity
€34,240
2024 · €245,918-€211,678
Cash
€283,679
2024 · €339,592-€55,913
Balance sheet total
€756,907
2024 · €510,627+€246,281

Largest movements

2024 to 2025
Assets
  • Intangible fixed assets +€242,896

    up €242,896 (+231%), from €105,000 to €347,896

  • Cash -€55,913

    down €55,913 (-16.5%), from €339,592 to €283,679

    mainly Contributions, distributions and other (-€420,000) and Investment in fixed assets (net) (-€356,085)

  • Deferred charges and accrued income +€44,218

    up €44,218 (+74.3%), from €59,532 to €103,750

  • Tangible fixed assets +€9,713

    up €9,713 (+159%), from €6,114 to €15,826

    of which Furniture and vehicles: +€10,128

Equity and liabilities
  • Other debts +€325,709

    up €325,709 (+184%), from €177,450 to €503,159

  • Reserves -€211,678

    down €211,678 (-93.1%), from €227,318 to €15,640

  • Debts after one year +€64,715

    new in 2025: €64,715

  • Trade debts +€31,425

    up €31,425 (+108%), from €29,076 to €60,501

  • Tax, wage and social debts +€19,757

    up €19,757 (+65.2%), from €30,302 to €50,059

    of which Remuneration and social security: +€19,389

Income statement
  • Gross operating margin +€137,798

    up €137,798 (+31.0%), from €445,013 to €582,812

  • Staff costs +€101,567

    up €101,567 (+61.0%), from €166,438 to €268,005

  • Depreciation +€59,314

    up €59,314 (+136%), from €43,663 to €102,977

  • Financial income +€11,069

    up €11,069 (+202%), from €5,489 to €16,559

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €218,426
Gross operating margin +€137,798
Staff costs -€101,567
Depreciation -€59,314
Other operating charges -€3,761
Financial income +€11,069
Financial charges -€140
Taxes +€5,810
Result 2025 €208,322
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€639,105
Investment -€356,085
Financing -€338,932
Cash 2024 €339,592
Net result for the year +€208,322
Depreciation +€102,977
Receivables within one year -€4,867
Deferred charges and accrued income -€44,218
Trade debts +€31,425
Tax, wage and social debts +€19,757
Other debts +€325,709
Investment in fixed assets (net) -€356,085
Debts after one year +€64,715
Current portion of long-term debt +€16,371
Short-term financial debts -€19
Contributions, distributions and other -€420,000
Cash 2025 €283,679
brings cash intakes cash out
Every line side by side 44 lines
Line Code 2024 2025 Change %
Total assets 20/58 €510,627 €756,907 +€246,281 +48.2%
Fixed assets 21/28 €111,114 €364,222 +€253,108 +228%
Intangible fixed assets 21 €105,000 €347,896 +€242,896 +231%
Tangible fixed assets 22/27 €6,114 €15,826 +€9,713 +159%
Plant, machinery and equipment 23 €5,119 €4,704 -€415 -8.1%
Furniture and vehicles 24 €995 €11,123 +€10,128 +1,018%
Financial fixed assets 28 - €500 +€500
Current assets 29/58 €399,513 €392,685 -€6,828 -1.7%
Amounts receivable within one year 40/41 €390 €5,257 +€4,867 +1,250%
Trade receivables 40 €390 €1,257 +€867 +223%
Other amounts receivable 41 - €4,000 +€4,000
Cash at bank and in hand 54/58 €339,592 €283,679 -€55,913 -16.5%
Deferred charges and accrued income 490/1 €59,532 €103,750 +€44,218 +74.3%
Total equity and liabilities 10/49 €510,627 €756,907 +€246,281 +48.2%
Equity 10/15 €245,918 €34,240 -€211,678 -86.1%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €227,318 €15,640 -€211,678 -93.1%
Distributable reserves 133 €227,318 €15,640 -€211,678 -93.1%
Amounts payable 17/49 €264,709 €722,667 +€457,958 +173%
Amounts payable after more than one year 17 - €64,715 +€64,715
Financial debts 170/4 - €64,715 +€64,715
Amounts payable within one year 42/48 €264,709 €657,952 +€393,243 +149%
Current portion of amounts payable after more than one year 42 €24,081 €40,452 +€16,371 +68.0%
Financial debts 43 €3,800 €3,781 -€19 -0.5%
Credit institutions 430/8 €3,800 €3,781 -€19 -0.5%
Trade debts 44 €29,076 €60,501 +€31,425 +108%
Suppliers 440/4 €29,076 €60,501 +€31,425 +108%
Taxes, remuneration and social security 45 €30,302 €50,059 +€19,757 +65.2%
Taxes 450/3 €670 €1,038 +€368 +54.9%
Remuneration and social security 454/9 €29,632 €49,021 +€19,389 +65.4%
Other amounts payable 47/48 €177,450 €503,159 +€325,709 +184%
Remuneration, social security and pensions 62 €166,438 €268,005 +€101,567 +61.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €43,663 €102,977 +€59,314 +136%
Other operating charges 640/8 €1,916 €5,677 +€3,761 +196%
Gross operating margin 9900 €445,013 €582,812 +€137,798 +31.0%
Operating profit (loss) 9901 €232,996 €206,153 -€26,843 -11.5%
Financial income 75/76B €5,489 €16,559 +€11,069 +202%
Recurring financial income 75 €5,489 €16,559 +€11,069 +202%
Financial charges 65/66B €2,742 €2,882 +€140 +5.1%
Recurring financial charges 65 €2,742 €2,882 +€140 +5.1%
Profit (loss) for the period before taxes 9903 €235,743 €219,829 -€15,914 -6.8%
Income taxes 67/77 €17,316 €11,507 -€5,810 -33.6%
Profit (loss) for the period 9904 €218,426 €208,322 -€10,104 -4.6%
Profit (loss) for the period to be appropriated 9905 €218,426 €208,322 -€10,104 -4.6%

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 20 October 2026 via checked.be.