VALYMO: what changed
Two fiscal 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.
VALYMO
Largest movements
- Tangible fixed assets -€16,595
down €16,595 (-7.5%), from €220,129 to €203,534
- Receivables within one year -€3,641
down €3,641 (-70.8%), from €5,141 to €1,500
- Debts after one year -€34,146
down €34,146 (-53.8%), from €63,498 to €29,352
- Reserves +€9,679
up €9,679 (+27.6%), from €35,091 to €44,770
of which Distributable reserves: +€9,679
- Gross operating margin -€6,634
down €6,634 (-9.7%), from €68,596 to €61,961
- Taxes +€3,731
up €3,731 (+2518.7%), from €148 to €3,879
- Other operating charges +€1,303
up €1,303 (+12.2%), from €10,652 to €11,955
- Financial charges -€1,250
down €1,250 (-19.0%), from €6,584 to €5,334
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.
Cash bridge derived
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 | €232,331 | €211,259 | -€21,072 | -9.1% |
| Fixed assets | 21/28 | €220,129 | €203,534 | -€16,595 | -7.5% |
| Tangible fixed assets | 22/27 | €220,129 | €203,534 | -€16,595 | -7.5% |
| Land and buildings | 22 | €220,129 | €203,534 | -€16,595 | -7.5% |
| Current assets | 29/58 | €12,202 | €7,725 | -€4,477 | -36.7% |
| Amounts receivable within one year | 40/41 | €5,141 | €1,500 | -€3,641 | -70.8% |
| Trade receivables | 40 | €5,141 | €1,500 | -€3,641 | -70.8% |
| Cash at bank and in hand | 54/58 | €6,635 | €5,787 | -€847 | -12.8% |
| Deferred charges and accrued income | 490/1 | €426 | €438 | +€12 | +2.7% |
| Total equity and liabilities | 10/49 | €232,331 | €211,259 | -€21,072 | -9.1% |
| Equity | 10/15 | €74,950 | €83,795 | +€8,846 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,091 | €44,770 | +€9,679 | +27.6% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €20,091 | €29,770 | +€9,679 | +48.2% |
| Profit (loss) carried forward | 14 | €33,658 | €32,825 | -€833 | -2.5% |
| Amounts payable | 17/49 | €157,381 | €127,464 | -€29,917 | -19.0% |
| Amounts payable after more than one year | 17 | €63,498 | €29,352 | -€34,146 | -53.8% |
| Financial debts | 170/4 | €63,498 | €29,352 | -€34,146 | -53.8% |
| Amounts payable within one year | 42/48 | €91,503 | €95,905 | +€4,402 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €33,007 | €34,146 | +€1,139 | +3.4% |
| Trade debts | 44 | €15,860 | €18,159 | +€2,299 | +14.5% |
| Suppliers | 440/4 | €15,860 | €18,159 | +€2,299 | +14.5% |
| Taxes, remuneration and social security | 45 | €4,481 | €5,342 | +€862 | +19.2% |
| Taxes | 450/3 | €3,201 | €4,062 | +€862 | +26.9% |
| Remuneration and social security | 454/9 | €1,280 | €1,280 | = | 0.0% |
| Other amounts payable | 47/48 | €38,155 | €38,258 | +€102 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,380 | €2,207 | -€173 | -7.3% |
| Remuneration, social security and pensions | 62 | -€64 | €0 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,595 | €16,595 | = | 0.0% |
| Other operating charges | 640/8 | €10,652 | €11,955 | +€1,303 | +12.2% |
| Non-recurring operating charges | 66A | €32,850 | €14,520 | -€18,330 | -55.8% |
| Gross operating margin | 9900 | €68,596 | €61,961 | -€6,634 | -9.7% |
| Operating profit (loss) | 9901 | €8,563 | €18,892 | +€10,329 | +120.6% |
| Financial charges | 65/66B | €6,584 | €5,334 | -€1,250 | -19.0% |
| Recurring financial charges | 65 | €6,584 | €5,334 | -€1,250 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €1,979 | €13,558 | +€11,579 | +585.1% |
| Income taxes | 67/77 | €148 | €3,879 | +€3,731 | +2518.7% |
| Profit (loss) for the period | 9904 | €1,831 | €9,679 | +€7,848 | +428.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,831 | €9,679 | +€7,848 | +428.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.