VALY CONCEPT: 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.
VALY CONCEPT
Largest movements
- Receivables within one year +€12,302
up €12,302 (+37.9%), from €32,469 to €44,772
of which Other amounts receivable: +€10,153
- Tangible fixed assets -€11,044
down €11,044 (-30.5%), from €36,221 to €25,177
of which Furniture and vehicles: -€10,790
- Cash -€1,253
down €1,253 (-15.8%), from €7,923 to €6,670
mainly Receivables within one year (-€12,302) and Debts after one year (-€6,442)
- Debts after one year -€6,442
down €6,442 (-19.4%), from €33,242 to €26,799
- Trade debts +€2,700
up €2,700 (+213%), from €1,268 to €3,968
- Profit (loss) carried forward +€2,491
up €2,491 (+9.5%), from €26,296 to €28,788
- Current portion of long-term debt +€1,018
up €1,018 (+16.7%), from €6,106 to €7,124
- Tax, wage and social debts +€806
up €806 (+41.6%), from €1,939 to €2,744
- Gross operating margin +€5,326
up €5,326 (+33.9%), from €15,703 to €21,029
- Financial charges +€1,790
up €1,790 (+73.7%), from €2,430 to €4,221
- Taxes +€806
up €806 (+41.6%), from €1,939 to €2,744
- Other operating charges +€387
new in 2025: €387
- Financial income -€240
no longer reported in 2025 (was €240)
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 | €76,911 | €77,483 | +€572 | +0.7% |
| Fixed assets | 21/28 | €36,221 | €25,177 | -€11,044 | -30.5% |
| Tangible fixed assets | 22/27 | €36,221 | €25,177 | -€11,044 | -30.5% |
| Plant, machinery and equipment | 23 | €254 | - | -€254 | |
| Furniture and vehicles | 24 | €35,967 | €25,177 | -€10,790 | -30.0% |
| Current assets | 29/58 | €40,690 | €52,306 | +€11,616 | +28.5% |
| Amounts receivable within one year | 40/41 | €32,469 | €44,772 | +€12,302 | +37.9% |
| Trade receivables | 40 | €3,563 | €5,712 | +€2,149 | +60.3% |
| Other amounts receivable | 41 | €28,906 | €39,059 | +€10,153 | +35.1% |
| Cash at bank and in hand | 54/58 | €7,923 | €6,670 | -€1,253 | -15.8% |
| Deferred charges and accrued income | 490/1 | €298 | €864 | +€566 | +190% |
| Total equity and liabilities | 10/49 | €76,911 | €77,483 | +€572 | +0.7% |
| Equity | 10/15 | €34,356 | €36,848 | +€2,491 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,296 | €28,788 | +€2,491 | +9.5% |
| Amounts payable | 17/49 | €42,555 | €40,636 | -€1,919 | -4.5% |
| Amounts payable after more than one year | 17 | €33,242 | €26,799 | -€6,442 | -19.4% |
| Financial debts | 170/4 | €33,242 | €26,799 | -€6,442 | -19.4% |
| Amounts payable within one year | 42/48 | €9,313 | €13,836 | +€4,523 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €6,106 | €7,124 | +€1,018 | +16.7% |
| Trade debts | 44 | €1,268 | €3,968 | +€2,700 | +213% |
| Suppliers | 440/4 | €1,268 | €3,968 | +€2,700 | +213% |
| Taxes, remuneration and social security | 45 | €1,939 | €2,744 | +€806 | +41.6% |
| Taxes | 450/3 | €1,939 | €2,744 | +€806 | +41.6% |
| Remuneration, social security and pensions | 62 | €135 | €142 | +€7 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,268 | €11,044 | -€225 | -2.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €15,703 | €21,029 | +€5,326 | +33.9% |
| Operating profit (loss) | 9901 | €4,300 | €9,457 | +€5,156 | +120% |
| Financial income | 75/76B | €240 | - | -€240 | |
| Recurring financial income | 75 | €240 | - | -€240 | |
| Financial charges | 65/66B | €2,430 | €4,221 | +€1,790 | +73.7% |
| Recurring financial charges | 65 | €2,430 | €4,221 | +€1,790 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €2,110 | €5,236 | +€3,126 | +148% |
| Income taxes | 67/77 | €1,939 | €2,744 | +€806 | +41.6% |
| Profit (loss) for the period | 9904 | €171 | €2,491 | +€2,320 | +1,356% |
| Profit (loss) for the period to be appropriated | 9905 | €171 | €2,491 | +€2,320 | +1,356% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.