VALUX: 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.
VALUX
Largest movements
- Tangible fixed assets +€183,813
new in 2025: €183,813
- Cash -€38,372
down €38,372 (-91.2%), from €42,083 to €3,711
mainly Investment in fixed assets (net) (-€192,105) and Net result for the year (-€33,269)
- Debts after one year +€127,632
new in 2025: €127,632
- Other debts +€45,133
up €45,133 (+221.8%), from €20,351 to €65,484
- Profit (loss) carried forward -€33,269
down €33,269 (-175.2%), from -€18,988 to -€52,257
- Current portion of long-term debt +€7,172
new in 2025: €7,172
- Other operating charges +€22,746
up €22,746 (+3892.0%), from €584 to €23,331
- Gross operating margin +€8,627
up €8,627, from -€2,208 to €6,419
- Depreciation +€8,292
new in 2025: €8,292
- Financial charges +€7,790
up €7,790 (+2829.9%), from €275 to €8,065
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 | €42,083 | €188,032 | +€145,949 | +346.8% |
| Fixed assets | 21/28 | - | €183,813 | +€183,813 | |
| Tangible fixed assets | 22/27 | - | €183,813 | +€183,813 | |
| Land and buildings | 22 | - | €183,813 | +€183,813 | |
| Current assets | 29/58 | €42,083 | €4,219 | -€37,864 | -90.0% |
| Amounts receivable within one year | 40/41 | - | €509 | +€509 | |
| Trade receivables | 40 | - | €509 | +€509 | |
| Cash at bank and in hand | 54/58 | €42,083 | €3,711 | -€38,372 | -91.2% |
| Total equity and liabilities | 10/49 | €42,083 | €188,032 | +€145,949 | +346.8% |
| Equity | 10/15 | €21,012 | -€12,257 | -€33,269 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,988 | -€52,257 | -€33,269 | -175.2% |
| Amounts payable | 17/49 | €21,071 | €200,289 | +€179,218 | +850.6% |
| Amounts payable after more than one year | 17 | - | €127,632 | +€127,632 | |
| Financial debts | 170/4 | - | €127,632 | +€127,632 | |
| Amounts payable within one year | 42/48 | €21,071 | €72,657 | +€51,586 | +244.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,172 | +€7,172 | |
| Trade debts | 44 | €720 | - | -€720 | |
| Suppliers | 440/4 | €720 | - | -€720 | |
| Other amounts payable | 47/48 | €20,351 | €65,484 | +€45,133 | +221.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,292 | +€8,292 | |
| Other operating charges | 640/8 | €584 | €23,331 | +€22,746 | +3892.0% |
| Gross operating margin | 9900 | -€2,208 | €6,419 | +€8,627 | |
| Operating profit (loss) | 9901 | -€2,793 | -€25,204 | -€22,411 | -802.4% |
| Financial charges | 65/66B | €275 | €8,065 | +€7,790 | +2829.9% |
| Recurring financial charges | 65 | €275 | €8,065 | +€7,790 | +2829.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,068 | -€33,269 | -€30,201 | -984.3% |
| Profit (loss) for the period | 9904 | -€3,068 | -€33,269 | -€30,201 | -984.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,068 | -€33,269 | -€30,201 | -984.3% |
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 10 October 2026 via checked.be.