VALERUS: 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
VALERUS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,924
2024 · €27,468+€5,456
Equity
€1.0m
2024 · €1.0m+€32,924
Cash
€8,399
2024 · €572+€7,828
Balance sheet total
€1.9m
2024 · €1.9m-€38,604
Largest movements
Assets
- Receivables within one year -€50,022
down €50,022 (-15.9%), from €313,806 to €263,785
of which Trade receivables: -€98,717
Equity and liabilities
- Debts after one year -€50,667
down €50,667 (-10.1%), from €502,445 to €451,778
- Profit (loss) carried forward +€32,924
up €32,924 (+3.3%), from €995,153 to €1.0m
- Advances received +€30,250
new in 2025: €30,250
- Short-term financial debts -€28,375
down €28,375 (-18.8%), from €150,921 to €122,547
- Tax, wage and social debts -€20,046
down €20,046 (-45.4%), from €44,156 to €24,109
of which Taxes: -€19,871
Income statement
No income-statement line moved by more than 1% of the activity.
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
€27,468
Turnover
-€1,304
Services and other goods
+€1,361
Depreciation
+€232
Other operating charges
+€1,635
Other operating items
+€4,250
Financial income
+€1,224
Financial charges
+€137
Taxes
-€2,080
Result 2025
€32,924
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
+€87,957
Investment
-€1,088
Financing
-€79,041
Cash 2024
€572
From operations (derived)
+€87,957
Net result for the year
+€32,924
Depreciation
+€1,894
Receivables within one year
+€50,022
Deferred charges and accrued income
-€4,396
Trade debts
+€7,817
Tax, wage and social debts
-€20,046
Advances received
+€30,250
Other debts
-€5,208
Accrued charges and deferred income
-€5,299
Investment (derived)
-€1,088
Investment in fixed assets (net)
-€1,088
Financing
-€79,041
Debts after one year
-€50,667
Short-term financial debts
-€28,375
Cash 2025
€8,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,926,231 | €1,887,627 | -€38,604 | -2.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,442,561 | €1,441,755 | -€806 | -0.1% |
| Tangible fixed assets | 22/27 | €8,359 | €7,553 | -€806 | -9.6% |
| Furniture and vehicles | 24 | €8,359 | €7,553 | -€806 | -9.6% |
| Financial fixed assets | 28 | €1,434,202 | €1,434,202 | = | 0.0% |
| Affiliated companies | 280/1 | €1,434,202 | €1,434,202 | = | 0.0% |
| Participating interests | 280 | €1,434,202 | €1,434,202 | = | 0.0% |
| Current assets | 29/58 | €483,670 | €445,872 | -€37,798 | -7.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,900 | €4,900 | = | 0.0% |
| Stocks | 30/36 | €4,900 | €4,900 | = | 0.0% |
| Goods purchased for resale | 34 | €4,900 | €4,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €313,806 | €263,785 | -€50,022 | -15.9% |
| Trade receivables | 40 | €99,767 | €1,050 | -€98,717 | -98.9% |
| Other amounts receivable | 41 | €214,039 | €262,735 | +€48,695 | +22.8% |
| Cash at bank and in hand | 54/58 | €572 | €8,399 | +€7,828 | +1,369% |
| Deferred charges and accrued income | 490/1 | €14,392 | €18,788 | +€4,396 | +30.5% |
| Total equity and liabilities | 10/49 | €1,926,231 | €1,887,627 | -€38,604 | -2.0% |
| Equity | 10/15 | €1,012,013 | €1,044,937 | +€32,924 | +3.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €995,153 | €1,028,077 | +€32,924 | +3.3% |
| Provisions and deferred taxes | 16 | €49,310 | €49,310 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €49,310 | €49,310 | = | 0.0% |
| Pensions and similar obligations | 160 | €49,310 | €49,310 | = | 0.0% |
| Amounts payable | 17/49 | €864,908 | €793,380 | -€71,528 | -8.3% |
| Amounts payable after more than one year | 17 | €502,445 | €451,778 | -€50,667 | -10.1% |
| Financial debts | 170/4 | €502,445 | €451,778 | -€50,667 | -10.1% |
| Credit institutions | 173 | €502,445 | €451,778 | -€50,667 | -10.1% |
| Amounts payable within one year | 42/48 | €357,164 | €341,602 | -€15,562 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €50,667 | €50,667 | = | 0.0% |
| Financial debts | 43 | €150,921 | €122,547 | -€28,375 | -18.8% |
| Credit institutions | 430/8 | €150,921 | €122,547 | -€28,375 | -18.8% |
| Trade debts | 44 | €14,708 | €22,525 | +€7,817 | +53.1% |
| Suppliers | 440/4 | €14,708 | €22,525 | +€7,817 | +53.1% |
| Advances received on contracts in progress | 46 | - | €30,250 | +€30,250 | |
| Taxes, remuneration and social security | 45 | €44,156 | €24,109 | -€20,046 | -45.4% |
| Taxes | 450/3 | €43,981 | €24,109 | -€19,871 | -45.2% |
| Remuneration and social security | 454/9 | €175 | - | -€175 | |
| Other amounts payable | 47/48 | €96,713 | €91,504 | -€5,208 | -5.4% |
| Accrued charges and deferred income | 492/3 | €5,299 | - | -€5,299 | |
| Operating income | 70/76A | €309,198 | €312,144 | +€2,946 | +1.0% |
| Turnover | 70 | €309,198 | €307,894 | -€1,304 | -0.4% |
| Non-recurring operating income | 76A | - | €4,250 | +€4,250 | |
| Operating charges | 60/66A | €251,073 | €247,844 | -€3,229 | -1.3% |
| Services and other goods | 61 | €159,490 | €158,129 | -€1,361 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,126 | €1,894 | -€232 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €85,469 | €85,469 | = | 0.0% |
| Other operating charges | 640/8 | €3,988 | €2,352 | -€1,635 | -41.0% |
| Operating profit (loss) | 9901 | €58,125 | €64,301 | +€6,176 | +10.6% |
| Financial income | 75/76B | €10,494 | €11,718 | +€1,224 | +11.7% |
| Recurring financial income | 75 | €10,494 | €11,718 | +€1,224 | +11.7% |
| Income from current assets | 751 | €10,489 | €11,718 | +€1,229 | +11.7% |
| Other financial income | 752/9 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €27,883 | €27,746 | -€137 | -0.5% |
| Recurring financial charges | 65 | €27,883 | €27,746 | -€137 | -0.5% |
| Debt charges | 650 | €19,349 | €16,184 | -€3,165 | -16.4% |
| Other financial charges | 652/9 | €8,534 | €11,563 | +€3,028 | +35.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €40,736 | €48,272 | +€7,536 | +18.5% |
| Income taxes | 67/77 | €13,268 | €15,348 | +€2,080 | +15.7% |
| Taxes | 670/3 | €13,268 | €15,348 | +€2,080 | +15.7% |
| Profit (loss) for the period | 9904 | €27,468 | €32,924 | +€5,456 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,468 | €32,924 | +€5,456 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.