VALYOU: 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.
What changed
VALYOU
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€753,187
2024 · €1.1m-€384,653
Equity
€6.5m
2024 · €5.7m+€753,187
Cash
€387,762
2024 · €550,219-€162,457
Balance sheet total
€27.0m
2024 · €23.1m+€3.9m
Largest movements
Assets
- Stocks and contracts +€4.1m
up €4.1m (+23.8%), from €17.3m to €21.5m
- Financial fixed assets -€546,639
down €546,639 (-21.0%), from €2.6m to €2.1m
- Receivables within one year +€409,602
up €409,602 (+1,025%), from €39,953 to €449,554
of which Trade receivables: +€280,580
Equity and liabilities
- Short-term financial debts +€2.6m
up €2.6m (+25.2%), from €10.3m to €13.0m
- Trade debts +€1.2m
up €1.2m (+91.7%), from €1.3m to €2.6m
- Reserves +€838,455
up €838,455 (+21.6%), from €3.9m to €4.7m
of which Distributable reserves: +€826,597
- Debts after one year -€528,501
down €528,501 (-10.4%), from €5.1m to €4.5m
of which Financial debts: -€521,256
Income statement
- Turnover +€11.2m
new in 2025: €11.2m
- Goods and materials +€10.1m
new in 2025: €10.1m
of which Change in stocks: decrease (increase): +€9.4m
- Gross operating margin -€2.6m
no longer reported in 2025 (was €2.6m)
- Financial charges -€477,703
down €477,703 (-27.3%), from €1.7m to €1.3m
of which Financial charges: -€1.0m
- Other operating income +€365,324
new in 2025: €365,324
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.
Result 2024
€1.1m
Turnover
+€11.2m
Other operating income
+€365,324
Goods and materials
-€10.1m
Services and other goods
-€81,014
Staff costs
+€41,434
Depreciation
-€14,477
Other operating charges
-€33
Other operating items
-€2.6m
Financial income
+€35,497
Financial charges
+€477,703
Taxes
+€276,636
Result 2025
€753,187
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.4m
Investment
+€270,095
Financing
+€2.0m
Cash 2024
€550,219
From operations (derived)
-€2.4m
Net result for the year
+€753,187
Depreciation
+€175,937
Stocks and contracts
-€4.1m
Receivables within one year
-€409,602
Deferred charges and accrued income
-€12,425
Trade debts
+€1.2m
Tax, wage and social debts
+€8,098
Other debts
-€68,862
Accrued charges and deferred income
+€60,000
Investment (derived)
+€270,095
Investment in fixed assets (net)
+€270,095
Financing
+€2.0m
Debts after one year
-€528,501
Current portion of long-term debt
-€132,025
Short-term financial debts
+€2.6m
Cash 2025
€387,762
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,106,908 | €27,043,372 | +€3.9m | +17.0% |
| Fixed assets | 21/28 | €5,175,492 | €4,729,460 | -€446,032 | -8.6% |
| Intangible fixed assets | 21 | - | €9,462 | +€9,462 | |
| Tangible fixed assets | 22/27 | €2,571,853 | €2,662,998 | +€91,145 | +3.5% |
| Land and buildings | 22 | €2,571,789 | €2,659,771 | +€87,981 | +3.4% |
| Furniture and vehicles | 24 | €64 | €3,228 | +€3,164 | +4,956% |
| Financial fixed assets | 28 | €2,603,639 | €2,057,000 | -€546,639 | -21.0% |
| Affiliated companies | 280/1 | - | €2,057,000 | +€2.1m | |
| Participating interests | 280 | - | €2,057,000 | +€2.1m | |
| Current assets | 29/58 | €17,931,416 | €22,313,911 | +€4.4m | +24.4% |
| Stocks and contracts in progress | 3 | €17,332,448 | €21,455,373 | +€4.1m | +23.8% |
| Stocks | 30/36 | €17,332,448 | €21,455,373 | +€4.1m | +23.8% |
| Property held for sale | 35 | - | €21,455,373 | +€21.5m | |
| Amounts receivable within one year | 40/41 | €39,953 | €449,554 | +€409,602 | +1,025% |
| Trade receivables | 40 | €5,000 | €285,580 | +€280,580 | +5,612% |
| Other amounts receivable | 41 | €34,953 | €163,974 | +€129,021 | +369% |
| Cash at bank and in hand | 54/58 | €550,219 | €387,762 | -€162,457 | -29.5% |
| Deferred charges and accrued income | 490/1 | €8,796 | €21,222 | +€12,425 | +141% |
| Total equity and liabilities | 10/49 | €23,106,908 | €27,043,372 | +€3.9m | +17.0% |
| Equity | 10/15 | €5,743,514 | €6,496,701 | +€753,187 | +13.1% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,236,204 | €1,150,936 | -€85,268 | -6.9% |
| Reserves | 13 | €3,887,310 | €4,725,765 | +€838,455 | +21.6% |
| Tax-exempt reserves | 132 | €896,730 | €908,589 | +€11,859 | +1.3% |
| Distributable reserves | 133 | €2,990,580 | €3,817,177 | +€826,597 | +27.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €17,363,394 | €20,546,670 | +€3.2m | +18.3% |
| Amounts payable after more than one year | 17 | €5,064,569 | €4,536,068 | -€528,501 | -10.4% |
| Financial debts | 170/4 | €5,057,324 | €4,536,068 | -€521,256 | -10.3% |
| Subordinated loans | 170 | - | €1,937,003 | +€1.9m | |
| Credit institutions | 173 | - | €624,066 | +€624,066 | |
| Other loans | 174 | - | €1,975,000 | +€2.0m | |
| Other amounts payable | 178/9 | €7,245 | €0 | -€7,245 | -100% |
| Amounts payable within one year | 42/48 | €12,298,825 | €15,950,602 | +€3.7m | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €318,806 | €186,781 | -€132,025 | -41.4% |
| Financial debts | 43 | €10,342,787 | €12,953,716 | +€2.6m | +25.2% |
| Credit institutions | 430/8 | €10,342,787 | €12,953,716 | +€2.6m | +25.2% |
| Trade debts | 44 | €1,345,785 | €2,579,423 | +€1.2m | +91.7% |
| Suppliers | 440/4 | €1,345,785 | €2,579,423 | +€1.2m | +91.7% |
| Taxes, remuneration and social security | 45 | €29,864 | €37,962 | +€8,098 | +27.1% |
| Taxes | 450/3 | €29,864 | €33,150 | +€3,286 | +11.0% |
| Remuneration and social security | 454/9 | €0 | €4,812 | +€4,812 | |
| Other amounts payable | 47/48 | €261,583 | €192,720 | -€68,862 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €60,000 | +€60,000 | |
| Operating income | 70/76A | - | €11,586,998 | +€11.6m | |
| Turnover | 70 | - | €11,221,674 | +€11.2m | |
| Other operating income | 74 | - | €365,324 | +€365,324 | |
| Operating charges | 60/66A | - | €10,443,970 | +€10.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €10,141,685 | +€10.1m | |
| Purchases | 600/8 | - | €707,080 | +€707,080 | |
| Change in stocks: decrease (increase) | 609 | - | €9,434,606 | +€9.4m | |
| Services and other goods | 61 | - | €81,014 | +€81,014 | |
| Remuneration, social security and pensions | 62 | €85,640 | €44,207 | -€41,434 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,461 | €175,937 | +€14,477 | +9.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €2,565,712 | - | -€2.6m | |
| Operating profit (loss) | 9901 | €2,317,518 | €1,143,028 | -€1.2m | -50.7% |
| Financial income | 75/76B | €979,402 | €1,014,899 | +€35,497 | +3.6% |
| Recurring financial income | 75 | €979,402 | €1,014,899 | +€35,497 | +3.6% |
| Income from financial fixed assets | 750 | - | €1,000,000 | +€1.0m | |
| Income from current assets | 751 | - | €1,799 | +€1,799 | |
| Other financial income | 752/9 | - | €13,100 | +€13,100 | |
| Financial charges | 65/66B | €1,749,157 | €1,271,454 | -€477,703 | -27.3% |
| Recurring financial charges | 65 | €1,749,157 | €724,815 | -€1.0m | -58.6% |
| Debt charges | 650 | - | €716,292 | +€716,292 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | - | €8,523 | +€8,523 | |
| Non-recurring financial charges | 66B | - | €546,639 | +€546,639 | |
| Profit (loss) for the period before taxes | 9903 | €1,547,762 | €886,473 | -€661,289 | -42.7% |
| Income taxes | 67/77 | €409,922 | €133,286 | -€276,636 | -67.5% |
| Taxes | 670/3 | - | €133,286 | +€133,286 | |
| Profit (loss) for the period | 9904 | €1,137,840 | €753,187 | -€384,653 | -33.8% |
| Transfer from tax-exempt reserves | 789 | €336,800 | €244,180 | -€92,620 | -27.5% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €0 | -€252,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,222,040 | €997,367 | -€224,673 | -18.4% |
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 17 October 2026 via checked.be.