VALY CARRO: what changed
What changed
VALY CARRO
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€3,340
2024 · €2,467+€873
Equity
€39,047
2024 · €35,707+€3,340
Cash
€5,404
2024 · €1,081+€4,323
Balance sheet total
€78,659
2024 · €144,994-€66,335
Largest movements
Assets
- Receivables within one year -€68,020
down €68,020 (-53.4%), from €127,359 to €59,339
of which Trade receivables: -€68,065
- Cash +€4,323
up €4,323 (+400%), from €1,081 to €5,404
mainly Receivables within one year (+€68,020) and Depreciation (+€11,406)
- Tangible fixed assets -€2,638
down €2,638 (-15.9%), from €16,554 to €13,916
Equity and liabilities
- Trade debts -€63,919
down €63,919 (-78.0%), from €81,923 to €18,004
of which Bills of exchange payable: -€65,109
- Debts after one year -€4,767
down €4,767 (-36.0%), from €13,245 to €8,479
- Profit (loss) carried forward +€3,340
up €3,340 (+12.1%), from €27,647 to €30,987
- Current portion of long-term debt -€3,156
down €3,156 (-36.1%), from €8,750 to €5,594
- Tax, wage and social debts +€2,166
up €2,166 (+40.3%), from €5,369 to €7,535
Income statement
- Purchases and services +€9,897
up €9,897 (+3.1%), from €319,258 to €329,155
- Turnover +€8,851
up €8,851 (+2.6%), from €334,659 to €343,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,467
Gross operating margin
-€2,664
Staff costs
-€192
Depreciation
+€1,563
Other operating charges
+€412
Financial income
+€0
Financial charges
+€1,415
Taxes
+€339
Result 2025
€3,340
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,013
Investment
-€8,768
Financing
-€7,923
Cash 2024
€1,081
From operations (derived)
+€21,013
Net result for the year
+€3,340
Depreciation
+€11,406
Receivables within one year
+€68,020
Trade debts
-€63,919
Tax, wage and social debts
+€2,166
Investment (derived)
-€8,768
Investment in fixed assets (net)
-€8,768
Financing
-€7,923
Debts after one year
-€4,767
Current portion of long-term debt
-€3,156
Cash 2025
€5,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,994 | €78,659 | -€66,335 | -45.8% |
| Fixed assets | 21/28 | €16,554 | €13,916 | -€2,638 | -15.9% |
| Tangible fixed assets | 22/27 | €16,554 | €13,916 | -€2,638 | -15.9% |
| Furniture and vehicles | 24 | €16,554 | €13,916 | -€2,638 | -15.9% |
| Current assets | 29/58 | €128,440 | €64,743 | -€63,697 | -49.6% |
| Amounts receivable within one year | 40/41 | €127,359 | €59,339 | -€68,020 | -53.4% |
| Trade receivables | 40 | €126,643 | €58,578 | -€68,065 | -53.7% |
| Other amounts receivable | 41 | €716 | €761 | +€45 | +6.2% |
| Cash at bank and in hand | 54/58 | €1,081 | €5,404 | +€4,323 | +400% |
| Total equity and liabilities | 10/49 | €144,994 | €78,659 | -€66,335 | -45.8% |
| Equity | 10/15 | €35,707 | €39,047 | +€3,340 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €27,647 | €30,987 | +€3,340 | +12.1% |
| Amounts payable | 17/49 | €109,288 | €39,612 | -€69,676 | -63.8% |
| Amounts payable after more than one year | 17 | €13,245 | €8,479 | -€4,767 | -36.0% |
| Financial debts | 170/4 | €13,245 | €8,479 | -€4,767 | -36.0% |
| Amounts payable within one year | 42/48 | €96,042 | €31,133 | -€64,909 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €5,594 | -€3,156 | -36.1% |
| Trade debts | 44 | €81,923 | €18,004 | -€63,919 | -78.0% |
| Suppliers | 440/4 | €3,353 | €4,543 | +€1,190 | +35.5% |
| Bills of exchange payable | 441 | €78,570 | €13,461 | -€65,109 | -82.9% |
| Taxes, remuneration and social security | 45 | €5,369 | €7,535 | +€2,166 | +40.3% |
| Taxes | 450/3 | €5,369 | €7,535 | +€2,166 | +40.3% |
| Turnover | 70 | €334,659 | €343,510 | +€8,851 | +2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €319,258 | €329,155 | +€9,897 | +3.1% |
| Remuneration, social security and pensions | 62 | €449 | €641 | +€192 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,969 | €11,406 | -€1,563 | -12.1% |
| Other operating charges | 640/8 | €2,063 | €1,651 | -€412 | -20.0% |
| Gross operating margin | 9900 | €24,349 | €21,685 | -€2,664 | -10.9% |
| Operating profit (loss) | 9901 | €8,869 | €7,988 | -€881 | -9.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,463 | €1,047 | -€1,415 | -57.5% |
| Recurring financial charges | 65 | €2,463 | €1,047 | -€1,415 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €6,406 | €6,940 | +€534 | +8.3% |
| Income taxes | 67/77 | €3,939 | €3,600 | -€339 | -8.6% |
| Profit (loss) for the period | 9904 | €2,467 | €3,340 | +€873 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,467 | €3,340 | +€873 | +35.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.