VALEMBERG: what changed
What changed
VALEMBERG
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€359,667
2024 · €213,276+€146,391
Equity
€641,144
2024 · €281,476+€359,667
Cash
€860,607
2024 · €1.0m-€164,151
Balance sheet total
€2.6m
2024 · €2.3m+€311,769
Largest movements
Assets
- Intangible fixed assets +€934,267
new in 2025: €934,267
- Receivables within one year -€584,544
down €584,544 (-73.0%), from €800,440 to €215,896
of which Trade receivables: -€396,673
- Cash -€164,151
down €164,151 (-16.0%), from €1.0m to €860,607
mainly Investment in fixed assets (net) (-€1.1m) and Debts after one year (-€98,751)
- Receivables after one year +€89,253
new in 2025: €89,253
Equity and liabilities
- Profit (loss) carried forward +€359,667
up €359,667 (+169%), from €213,276 to €572,944
- Debts after one year -€98,751
down €98,751 (-8.0%), from €1.2m to €1.1m
- Trade debts +€76,912
up €76,912 (+205%), from €37,515 to €114,427
- Other debts -€47,295
down €47,295 (-9.4%), from €505,600 to €458,305
Income statement
- Gross operating margin +€346,983
up €346,983 (+45.0%), from €771,090 to €1.1m
- Depreciation +€120,011
up €120,011 (+188%), from €63,879 to €183,890
- Taxes +€48,206
up €48,206 (+55.6%), from €86,713 to €134,919
- Financial charges +€36,550
up €36,550 (+301%), from €12,139 to €48,688
- Other operating charges -€15,279
down €15,279 (-59.9%), from €25,518 to €10,239
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€213,276
Gross operating margin
+€346,983
Staff costs
-€13,799
Depreciation
-€120,011
Other operating charges
+€15,279
Financial income
+€2,694
Financial charges
-€36,550
Taxes
-€48,206
Result 2025
€359,667
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€1.1m
Financing
-€77,353
Cash 2024
€1.0m
From operations (derived)
+€1.0m
Net result for the year
+€359,667
Depreciation
+€183,890
Receivables after one year
-€89,253
Receivables within one year
+€584,544
Deferred charges and accrued income
-€22,596
Trade debts
+€76,912
Smaller working-capital items
-€163
Other debts
-€47,295
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€77,353
Debts after one year
-€98,751
Current portion of long-term debt
+€21,405
Short-term financial debts
-€8
Cash 2025
€860,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,270,667 | €2,582,435 | +€311,769 | +13.7% |
| Fixed assets | 21/28 | €328,805 | €1,277,421 | +€948,616 | +289% |
| Intangible fixed assets | 21 | - | €934,267 | +€934,267 | |
| Tangible fixed assets | 22/27 | €327,982 | €342,330 | +€14,348 | +4.4% |
| Land and buildings | 22 | €184,556 | €235,331 | +€50,775 | +27.5% |
| Furniture and vehicles | 24 | €143,426 | €106,999 | -€36,427 | -25.4% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €1,941,861 | €1,305,015 | -€636,847 | -32.8% |
| Amounts receivable after more than one year | 29 | - | €89,253 | +€89,253 | |
| Other amounts receivable | 291 | - | €89,253 | +€89,253 | |
| Amounts receivable within one year | 40/41 | €800,440 | €215,896 | -€584,544 | -73.0% |
| Trade receivables | 40 | €397,217 | €543 | -€396,673 | -99.9% |
| Other amounts receivable | 41 | €403,224 | €215,352 | -€187,871 | -46.6% |
| Cash at bank and in hand | 54/58 | €1,024,758 | €860,607 | -€164,151 | -16.0% |
| Deferred charges and accrued income | 490/1 | €116,663 | €139,259 | +€22,596 | +19.4% |
| Total equity and liabilities | 10/49 | €2,270,667 | €2,582,435 | +€311,769 | +13.7% |
| Equity | 10/15 | €281,476 | €641,144 | +€359,667 | +128% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,276 | €572,944 | +€359,667 | +169% |
| Amounts payable | 17/49 | €1,989,190 | €1,941,292 | -€47,899 | -2.4% |
| Amounts payable after more than one year | 17 | €1,239,616 | €1,140,866 | -€98,751 | -8.0% |
| Financial debts | 170/4 | €1,239,616 | €1,140,866 | -€98,751 | -8.0% |
| Amounts payable within one year | 42/48 | €749,553 | €800,426 | +€50,873 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €158,115 | €179,520 | +€21,405 | +13.5% |
| Financial debts | 43 | €8 | €0 | -€8 | -100% |
| Credit institutions | 430/8 | €8 | €0 | -€8 | -100% |
| Trade debts | 44 | €37,515 | €114,427 | +€76,912 | +205% |
| Suppliers | 440/4 | €37,515 | €114,427 | +€76,912 | +205% |
| Taxes, remuneration and social security | 45 | €48,316 | €48,174 | -€142 | -0.3% |
| Taxes | 450/3 | €2,803 | €4,919 | +€2,116 | +75.5% |
| Remuneration and social security | 454/9 | €45,513 | €43,255 | -€2,257 | -5.0% |
| Other amounts payable | 47/48 | €505,600 | €458,305 | -€47,295 | -9.4% |
| Accrued charges and deferred income | 492/3 | €21 | €0 | -€21 | -100% |
| Remuneration, social security and pensions | 62 | €377,298 | €391,097 | +€13,799 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,879 | €183,890 | +€120,011 | +188% |
| Other operating charges | 640/8 | €25,518 | €10,239 | -€15,279 | -59.9% |
| Gross operating margin | 9900 | €771,090 | €1,118,073 | +€346,983 | +45.0% |
| Operating profit (loss) | 9901 | €304,395 | €532,847 | +€228,452 | +75.1% |
| Financial income | 75/76B | €7,733 | €10,427 | +€2,694 | +34.8% |
| Recurring financial income | 75 | €7,733 | €10,427 | +€2,694 | +34.8% |
| Financial charges | 65/66B | €12,139 | €48,688 | +€36,550 | +301% |
| Recurring financial charges | 65 | €12,139 | €48,688 | +€36,550 | +301% |
| Profit (loss) for the period before taxes | 9903 | €299,989 | €494,586 | +€194,597 | +64.9% |
| Income taxes | 67/77 | €86,713 | €134,919 | +€48,206 | +55.6% |
| Profit (loss) for the period | 9904 | €213,276 | €359,667 | +€146,391 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €213,276 | €359,667 | +€146,391 | +68.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.