Valyrian Tech: 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.
Valyrian Tech
Largest movements
- Tangible fixed assets +€32,671
up €32,671 (+1,568%), from €2,084 to €34,755
of which Plant, machinery and equipment: +€27,629
- Other debts +€39,372
up €39,372 (+56.3%), from €69,890 to €109,261
- Profit (loss) carried forward -€8,094
down €8,094 (-9.0%), from -€89,981 to -€98,075
- Tax, wage and social debts +€868
up €868 (+1,036%), from €84 to €952
- Trade debts +€485
up €485 (+86.7%), from €560 to €1,045
- Gross operating margin +€6,254
up €6,254 (+54.7%), from -€11,423 to -€5,169
- Depreciation +€1,576
up €1,576 (+246%), from €640 to €2,216
- Other operating charges +€123
up €123 (+27.3%), from €451 to €574
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 | €2,711 | €35,470 | +€32,759 | +1,208% |
| Fixed assets | 21/28 | €2,084 | €34,755 | +€32,671 | +1,568% |
| Tangible fixed assets | 22/27 | €2,084 | €34,755 | +€32,671 | +1,568% |
| Plant, machinery and equipment | 23 | - | €27,629 | +€27,629 | |
| Furniture and vehicles | 24 | €2,084 | €7,126 | +€5,042 | +242% |
| Current assets | 29/58 | €627 | €714 | +€87 | +14.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €588 | €651 | +€62 | +10.6% |
| Deferred charges and accrued income | 490/1 | €39 | €64 | +€25 | +64.9% |
| Total equity and liabilities | 10/49 | €2,711 | €35,470 | +€32,759 | +1,208% |
| Equity | 10/15 | -€68,206 | -€76,300 | -€8,094 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,375 | €9,375 | = | 0.0% |
| Distributable reserves | 133 | €9,375 | €9,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,981 | -€98,075 | -€8,094 | -9.0% |
| Amounts payable | 17/49 | €70,917 | €111,770 | +€40,853 | +57.6% |
| Amounts payable within one year | 42/48 | €70,917 | €111,770 | +€40,853 | +57.6% |
| Financial debts | 43 | €384 | €512 | +€128 | +33.3% |
| Credit institutions | 430/8 | €384 | €512 | +€128 | +33.3% |
| Trade debts | 44 | €560 | €1,045 | +€485 | +86.7% |
| Suppliers | 440/4 | €560 | €1,045 | +€485 | +86.7% |
| Taxes, remuneration and social security | 45 | €84 | €952 | +€868 | +1,036% |
| Taxes | 450/3 | €84 | €952 | +€868 | +1,036% |
| Other amounts payable | 47/48 | €69,890 | €109,261 | +€39,372 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €2,216 | +€1,576 | +246% |
| Other operating charges | 640/8 | €451 | €574 | +€123 | +27.3% |
| Gross operating margin | 9900 | -€11,423 | -€5,169 | +€6,254 | +54.7% |
| Operating profit (loss) | 9901 | -€12,514 | -€7,959 | +€4,555 | +36.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €120 | €135 | +€15 | +12.7% |
| Recurring financial charges | 65 | €120 | €135 | +€15 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,634 | -€8,094 | +€4,540 | +35.9% |
| Profit (loss) for the period | 9904 | -€12,634 | -€8,094 | +€4,540 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,634 | -€8,094 | +€4,540 | +35.9% |
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 13 October 2026 via checked.be.