VALVITA: 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.
VALVITA
Largest movements
- Cash -€22,452
down €22,452 (-71.9%), from €31,235 to €8,783
mainly Other debts (-€37,912) and Debts after one year (-€23,926)
- Tangible fixed assets -€4,297
down €4,297 (-4.0%), from €107,416 to €103,118
of which Other tangible fixed assets: -€8,036
- Intangible fixed assets -€3,009
down €3,009 (-6.0%), from €50,424 to €47,415
- Other debts -€37,912
down €37,912 (-56.6%), from €66,925 to €29,013
- Debts after one year -€23,926
down €23,926 (-25.8%), from €92,705 to €68,779
- Tax, wage and social debts +€18,414
up €18,414 (+335%), from €5,489 to €23,902
of which Remuneration and social security: +€13,489
- Trade debts +€10,666
up €10,666 (+326%), from €3,270 to €13,936
- Profit (loss) carried forward +€3,067
up €3,067 (+26.4%), from €11,624 to €14,691
- Staff costs +€31,204
new in 2026: €31,204
- Gross operating margin +€30,739
up €30,739 (+102%), from €30,062 to €60,801
- Depreciation +€5,899
up €5,899 (+51.0%), from €11,561 to €17,460
- Financial charges +€3,551
up €3,551 (+103%), from €3,461 to €7,013
- Taxes -€848
down €848 (-49.8%), from €1,701 to €853
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,855 | €175,497 | -€29,358 | -14.3% |
| Fixed assets | 21/28 | €157,840 | €150,534 | -€7,306 | -4.6% |
| Intangible fixed assets | 21 | €50,424 | €47,415 | -€3,009 | -6.0% |
| Tangible fixed assets | 22/27 | €107,416 | €103,118 | -€4,297 | -4.0% |
| Land and buildings | 22 | - | €5,665 | +€5,665 | |
| Plant, machinery and equipment | 23 | €19,721 | €18,699 | -€1,022 | -5.2% |
| Furniture and vehicles | 24 | €4,835 | €3,930 | -€905 | -18.7% |
| Other tangible fixed assets | 26 | €82,860 | €74,824 | -€8,036 | -9.7% |
| Current assets | 29/58 | €47,015 | €24,963 | -€22,052 | -46.9% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,780 | €12,180 | +€400 | +3.4% |
| Trade receivables | 40 | €10,471 | €12,178 | +€1,706 | +16.3% |
| Other amounts receivable | 41 | €1,309 | €3 | -€1,307 | -99.8% |
| Cash at bank and in hand | 54/58 | €31,235 | €8,783 | -€22,452 | -71.9% |
| Total equity and liabilities | 10/49 | €204,855 | €175,497 | -€29,358 | -14.3% |
| Equity | 10/15 | €14,624 | €17,691 | +€3,067 | +21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,624 | €14,691 | +€3,067 | +26.4% |
| Amounts payable | 17/49 | €190,231 | €157,806 | -€32,425 | -17.0% |
| Amounts payable after more than one year | 17 | €92,705 | €68,779 | -€23,926 | -25.8% |
| Financial debts | 170/4 | €92,705 | €68,779 | -€23,926 | -25.8% |
| Amounts payable within one year | 42/48 | €97,526 | €86,610 | -€10,917 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €21,843 | €19,758 | -€2,084 | -9.5% |
| Trade debts | 44 | €3,270 | €13,936 | +€10,666 | +326% |
| Suppliers | 440/4 | €3,270 | €13,936 | +€10,666 | +326% |
| Taxes, remuneration and social security | 45 | €5,489 | €23,902 | +€18,414 | +335% |
| Taxes | 450/3 | €1,701 | €6,627 | +€4,925 | +289% |
| Remuneration and social security | 454/9 | €3,787 | €17,276 | +€13,489 | +356% |
| Other amounts payable | 47/48 | €66,925 | €29,013 | -€37,912 | -56.6% |
| Accrued charges and deferred income | 492/3 | - | €2,418 | +€2,418 | |
| Remuneration, social security and pensions | 62 | - | €31,204 | +€31,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,561 | €17,460 | +€5,899 | +51.0% |
| Other operating charges | 640/8 | €1,717 | €1,205 | -€513 | -29.9% |
| Gross operating margin | 9900 | €30,062 | €60,801 | +€30,739 | +102% |
| Operating profit (loss) | 9901 | €16,783 | €10,933 | -€5,851 | -34.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,461 | €7,013 | +€3,551 | +103% |
| Recurring financial charges | 65 | €3,461 | €7,013 | +€3,551 | +103% |
| Profit (loss) for the period before taxes | 9903 | €13,325 | €3,920 | -€9,405 | -70.6% |
| Income taxes | 67/77 | €1,701 | €853 | -€848 | -49.8% |
| Profit (loss) for the period | 9904 | €11,624 | €3,067 | -€8,557 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,624 | €3,067 | -€8,557 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.