VAN VALEN: 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.
VAN VALEN
Largest movements
- Receivables within one year +€214,781
up €214,781 (+327%), from €65,619 to €280,400
of which Trade receivables: +€215,386
- Reserves +€235,270
up €235,270 (+309%), from €76,047 to €311,317
of which Distributable reserves: +€235,270
- Other debts -€32,672
down €32,672 (-83.1%), from €39,321 to €6,649
- Tax, wage and social debts +€20,407
up €20,407 (+472%), from €4,320 to €24,727
of which Taxes: +€19,207
- Gross operating margin +€191,142
up €191,142 (+276%), from €69,130 to €260,272
- Taxes +€23,527
new in 2025: €23,527
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 | €1,784,108 | €2,005,668 | +€221,560 | +12.4% |
| Fixed assets | 21/28 | €1,675,000 | €1,680,139 | +€5,139 | +0.3% |
| Tangible fixed assets | 22/27 | - | €5,139 | +€5,139 | |
| Plant, machinery and equipment | 23 | - | €3,239 | +€3,239 | |
| Furniture and vehicles | 24 | - | €1,900 | +€1,900 | |
| Financial fixed assets | 28 | €1,675,000 | €1,675,000 | = | 0.0% |
| Current assets | 29/58 | €109,108 | €325,529 | +€216,421 | +198% |
| Amounts receivable within one year | 40/41 | €65,619 | €280,400 | +€214,781 | +327% |
| Trade receivables | 40 | €64,782 | €280,168 | +€215,386 | +332% |
| Other amounts receivable | 41 | €837 | €232 | -€605 | -72.3% |
| Cash at bank and in hand | 54/58 | €43,489 | €45,129 | +€1,640 | +3.8% |
| Total equity and liabilities | 10/49 | €1,784,108 | €2,005,668 | +€221,560 | +12.4% |
| Equity | 10/15 | €138,047 | €373,317 | +€235,270 | +170% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €76,047 | €311,317 | +€235,270 | +309% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €51,097 | €286,367 | +€235,270 | +460% |
| Amounts payable | 17/49 | €1,646,061 | €1,632,351 | -€13,710 | -0.8% |
| Amounts payable after more than one year | 17 | €1,600,000 | €1,600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,600,000 | €1,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,061 | €32,351 | -€13,710 | -29.8% |
| Trade debts | 44 | €2,420 | €976 | -€1,444 | -59.7% |
| Suppliers | 440/4 | €2,420 | €976 | -€1,444 | -59.7% |
| Taxes, remuneration and social security | 45 | €4,320 | €24,727 | +€20,407 | +472% |
| Taxes | 450/3 | €4,320 | €23,527 | +€19,207 | +445% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €39,321 | €6,649 | -€32,672 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €219 | +€219 | |
| Other operating charges | 640/8 | €118 | €1,118 | +€1,000 | +848% |
| Gross operating margin | 9900 | €69,130 | €260,272 | +€191,142 | +276% |
| Operating profit (loss) | 9901 | €69,012 | €258,935 | +€189,922 | +275% |
| Financial income | 75/76B | €4 | €0 | -€3 | -98.3% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -98.3% |
| Financial charges | 65/66B | €147 | €138 | -€9 | -5.8% |
| Recurring financial charges | 65 | €147 | €138 | -€9 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €68,869 | €258,797 | +€189,927 | +276% |
| Income taxes | 67/77 | - | €23,527 | +€23,527 | |
| Profit (loss) for the period | 9904 | €68,869 | €235,270 | +€166,400 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €68,869 | €235,270 | +€166,400 | +242% |
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 31 October 2026 via checked.be.