VALVERAL: 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.
VALVERAL
Largest movements
- Cash -€21,667
no longer reported in 2024 (was €21,667)
mainly Net result for the year (-€24,343) and Receivables within one year (-€14,461)
- Receivables within one year +€14,461
up €14,461 (+909.7%), from €1,590 to €16,050
of which Trade receivables: +€9,469
- Deferred charges and accrued income -€5,258
no longer reported in 2024 (was €5,258)
- Tangible fixed assets -€2,505
down €2,505 (-59.7%), from €4,199 to €1,693
of which Furniture and vehicles: -€1,610
- Reserves -€33,048
down €33,048 (-26.9%), from €122,742 to €89,694
of which Distributable reserves: -€33,048
- Profit (loss) carried forward +€8,705
no longer reported in 2024 (was -€8,705)
- Trade debts +€8,427
up €8,427 (+267.5%), from €3,150 to €11,577
of which Suppliers: +€6,931
- Other debts +€2,791
up €2,791 (+10.4%), from €26,750 to €29,540
- Tax, wage and social debts -€1,844
down €1,844 (-44.6%), from €4,135 to €2,291
of which Remuneration and social security: -€1,973
- Financial income -€12,149
down €12,149 (-99.4%), from €12,219 to €70
- Financial charges +€10,100
up €10,100 (+274.1%), from €3,685 to €13,785
- Gross operating margin -€8,394
down €8,394, from €500 to -€7,894
- Depreciation -€2,285
down €2,285 (-47.7%), from €4,790 to €2,505
- Other operating charges -€186
down €186 (-44.7%), from €415 to €229
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 | €154,272 | €139,302 | -€14,970 | -9.7% |
| Fixed assets | 21/28 | €4,199 | €1,693 | -€2,505 | -59.7% |
| Tangible fixed assets | 22/27 | €4,199 | €1,693 | -€2,505 | -59.7% |
| Land and buildings | 22 | €2,496 | €1,601 | -€895 | -35.9% |
| Furniture and vehicles | 24 | €1,703 | €92 | -€1,610 | -94.6% |
| Current assets | 29/58 | €150,073 | €137,609 | -€12,464 | -8.3% |
| Amounts receivable after more than one year | 29 | €121,558 | €121,558 | = | 0.0% |
| Trade receivables | 290 | €121,558 | €121,558 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,590 | €16,050 | +€14,461 | +909.7% |
| Trade receivables | 40 | €1,590 | €11,059 | +€9,469 | +595.7% |
| Other amounts receivable | 41 | - | €4,991 | +€4,991 | |
| Cash at bank and in hand | 54/58 | €21,667 | - | -€21,667 | |
| Deferred charges and accrued income | 490/1 | €5,258 | - | -€5,258 | |
| Total equity and liabilities | 10/49 | €154,272 | €139,302 | -€14,970 | -9.7% |
| Equity | 10/15 | €120,238 | €95,894 | -€24,344 | -20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,742 | €89,694 | -€33,048 | -26.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,882 | €87,834 | -€33,048 | -27.3% |
| Profit (loss) carried forward | 14 | -€8,705 | - | +€8,705 | |
| Amounts payable | 17/49 | €34,034 | €43,408 | +€9,374 | +27.5% |
| Amounts payable within one year | 42/48 | €34,034 | €43,408 | +€9,374 | +27.5% |
| Trade debts | 44 | €3,150 | €11,577 | +€8,427 | +267.5% |
| Suppliers | 440/4 | €3,150 | €10,081 | +€6,931 | +220.0% |
| Bills of exchange payable | 441 | - | €1,496 | +€1,496 | |
| Taxes, remuneration and social security | 45 | €4,135 | €2,291 | -€1,844 | -44.6% |
| Taxes | 450/3 | €2,162 | €2,291 | +€129 | +6.0% |
| Remuneration and social security | 454/9 | €1,973 | - | -€1,973 | |
| Other amounts payable | 47/48 | €26,750 | €29,540 | +€2,791 | +10.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,790 | €2,505 | -€2,285 | -47.7% |
| Other operating charges | 640/8 | €415 | €229 | -€186 | -44.7% |
| Gross operating margin | 9900 | €500 | -€7,894 | -€8,394 | |
| Operating profit (loss) | 9901 | -€4,706 | -€10,629 | -€5,923 | -125.9% |
| Financial income | 75/76B | €12,219 | €70 | -€12,149 | -99.4% |
| Recurring financial income | 75 | €12,219 | €70 | -€12,149 | -99.4% |
| Financial charges | 65/66B | €3,685 | €13,785 | +€10,100 | +274.1% |
| Recurring financial charges | 65 | €3,685 | €13,785 | +€10,100 | +274.1% |
| Profit (loss) for the period before taxes | 9903 | €3,829 | -€24,343 | -€28,172 | |
| Profit (loss) for the period | 9904 | €3,829 | -€24,343 | -€28,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,829 | -€24,343 | -€28,172 |
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 11 October 2026 via checked.be.