VALVIO CONSTRUCT: 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.
VALVIO CONSTRUCT
Largest movements
- Receivables within one year -€43,236
down €43,236 (-39.5%), from €109,392 to €66,156
of which Trade receivables: -€29,148
- Tangible fixed assets -€17,246
down €17,246 (-4.6%), from €371,542 to €354,296
of which Land and buildings: -€15,917
- Trade debts -€47,187
down €47,187 (-35.5%), from €133,069 to €85,883
- Debts after one year -€27,715
down €27,715 (-12.0%), from €231,252 to €203,537
- Tax, wage and social debts +€8,301
up €8,301 (+70.5%), from €11,780 to €20,081
of which Remuneration and social security: +€5,496
- Advances received -€7,200
down €7,200 (-100%), from €7,200 to €0
- Short-term financial debts +€7,076
up €7,076 (+27.3%), from €25,954 to €33,030
- Gross operating margin -€28,393
down €28,393 (-22.9%), from €123,884 to €95,491
- Staff costs -€20,584
down €20,584 (-30.4%), from €67,642 to €47,057
- Other operating charges -€6,218
down €6,218 (-57.3%), from €10,853 to €4,635
- Depreciation -€4,684
down €4,684 (-20.7%), from €22,652 to €17,968
- Financial charges -€2,315
down €2,315 (-12.1%), from €19,128 to €16,813
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 | €486,247 | €424,979 | -€61,268 | -12.6% |
| Fixed assets | 21/28 | €371,542 | €354,296 | -€17,246 | -4.6% |
| Tangible fixed assets | 22/27 | €371,542 | €354,296 | -€17,246 | -4.6% |
| Land and buildings | 22 | €367,502 | €351,585 | -€15,917 | -4.3% |
| Furniture and vehicles | 24 | €4,040 | €2,711 | -€1,328 | -32.9% |
| Current assets | 29/58 | €114,705 | €70,683 | -€44,023 | -38.4% |
| Amounts receivable within one year | 40/41 | €109,392 | €66,156 | -€43,236 | -39.5% |
| Trade receivables | 40 | €90,964 | €61,816 | -€29,148 | -32.0% |
| Other amounts receivable | 41 | €18,428 | €4,340 | -€14,088 | -76.4% |
| Cash at bank and in hand | 54/58 | €2,314 | €3,915 | +€1,601 | +69.2% |
| Deferred charges and accrued income | 490/1 | €2,999 | €611 | -€2,388 | -79.6% |
| Total equity and liabilities | 10/49 | €486,247 | €424,979 | -€61,268 | -12.6% |
| Equity | 10/15 | €50,205 | €54,072 | +€3,867 | +7.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,205 | €49,072 | +€3,867 | +8.6% |
| Amounts payable | 17/49 | €436,042 | €370,907 | -€65,135 | -14.9% |
| Amounts payable after more than one year | 17 | €231,252 | €203,537 | -€27,715 | -12.0% |
| Financial debts | 170/4 | €231,252 | €203,537 | -€27,715 | -12.0% |
| Amounts payable within one year | 42/48 | €204,640 | €167,370 | -€37,270 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €26,637 | €27,715 | +€1,078 | +4.0% |
| Financial debts | 43 | €25,954 | €33,030 | +€7,076 | +27.3% |
| Credit institutions | 430/8 | €25,954 | €33,030 | +€7,076 | +27.3% |
| Trade debts | 44 | €133,069 | €85,883 | -€47,187 | -35.5% |
| Suppliers | 440/4 | €133,069 | €85,883 | -€47,187 | -35.5% |
| Advances received on contracts in progress | 46 | €7,200 | €0 | -€7,200 | -100% |
| Taxes, remuneration and social security | 45 | €11,780 | €20,081 | +€8,301 | +70.5% |
| Taxes | 450/3 | €8,165 | €10,970 | +€2,805 | +34.4% |
| Remuneration and social security | 454/9 | €3,615 | €9,111 | +€5,496 | +152% |
| Other amounts payable | 47/48 | €0 | €661 | +€661 | |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Remuneration, social security and pensions | 62 | €67,642 | €47,057 | -€20,584 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,652 | €17,968 | -€4,684 | -20.7% |
| Other operating charges | 640/8 | €10,853 | €4,635 | -€6,218 | -57.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €123,884 | €95,491 | -€28,393 | -22.9% |
| Operating profit (loss) | 9901 | €22,737 | €25,830 | +€3,094 | +13.6% |
| Financial income | 75/76B | €9 | €30 | +€21 | +234% |
| Recurring financial income | 75 | €9 | €30 | +€21 | +234% |
| Financial charges | 65/66B | €19,128 | €16,813 | -€2,315 | -12.1% |
| Recurring financial charges | 65 | €19,128 | €16,813 | -€2,315 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €3,617 | €9,047 | +€5,430 | +150% |
| Income taxes | 67/77 | €5,790 | €5,180 | -€609 | -10.5% |
| Profit (loss) for the period | 9904 | -€2,172 | €3,867 | +€6,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,172 | €3,867 | +€6,039 |
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 13 October 2026 via checked.be.