VALUTIA: what changed
Two fiscal 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.
VALUTIA
Largest movements
- Financial fixed assets +€160,000
up €160,000 (+1600.0%), from €10,000 to €170,000
- Cash -€43,541
down €43,541 (-40.4%), from €107,699 to €64,158
mainly Investment in fixed assets (net) (-€162,850) and Tax, wage and social debts (-€39,874)
- Receivables within one year -€7,017
down €7,017 (-23.6%), from €29,732 to €22,715
of which Trade receivables: -€7,670
- Reserves +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Tax, wage and social debts -€39,874
down €39,874 (-45.7%), from €87,210 to €47,336
- Gross operating margin -€139,321
down €139,321 (-41.2%), from €338,498 to €199,178
- Taxes -€36,448
down €36,448 (-44.5%), from €81,817 to €45,369
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.
Cash bridge derived
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 | €348,046 | €460,612 | +€112,566 | +32.3% |
| Fixed assets | 21/28 | €10,000 | €172,790 | +€162,790 | +1627.9% |
| Tangible fixed assets | 22/27 | - | €2,790 | +€2,790 | |
| Plant, machinery and equipment | 23 | - | €2,790 | +€2,790 | |
| Financial fixed assets | 28 | €10,000 | €170,000 | +€160,000 | +1600.0% |
| Current assets | 29/58 | €338,046 | €287,822 | -€50,224 | -14.9% |
| Amounts receivable within one year | 40/41 | €29,732 | €22,715 | -€7,017 | -23.6% |
| Trade receivables | 40 | €29,732 | €22,062 | -€7,670 | -25.8% |
| Other amounts receivable | 41 | - | €653 | +€653 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,699 | €64,158 | -€43,541 | -40.4% |
| Deferred charges and accrued income | 490/1 | €615 | €949 | +€335 | +54.5% |
| Total equity and liabilities | 10/49 | €348,046 | €460,612 | +€112,566 | +32.3% |
| Equity | 10/15 | €258,085 | €410,059 | +€151,974 | +58.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Distributable reserves | 133 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Profit (loss) carried forward | 14 | €3,085 | €5,059 | +€1,974 | +64.0% |
| Amounts payable | 17/49 | €89,961 | €50,553 | -€39,408 | -43.8% |
| Amounts payable within one year | 42/48 | €89,961 | €50,534 | -€39,427 | -43.8% |
| Financial debts | 43 | €127 | €57 | -€70 | -54.9% |
| Credit institutions | 430/8 | €127 | €57 | -€70 | -54.9% |
| Trade debts | 44 | €1,019 | €1,427 | +€407 | +40.0% |
| Suppliers | 440/4 | €1,019 | €1,427 | +€407 | +40.0% |
| Taxes, remuneration and social security | 45 | €87,210 | €47,336 | -€39,874 | -45.7% |
| Taxes | 450/3 | €87,210 | €47,336 | -€39,874 | -45.7% |
| Other amounts payable | 47/48 | €1,605 | €1,714 | +€109 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €60 | +€60 | |
| Other operating charges | 640/8 | €550 | €573 | +€23 | +4.1% |
| Gross operating margin | 9900 | €338,498 | €199,178 | -€139,321 | -41.2% |
| Operating profit (loss) | 9901 | €337,948 | €198,545 | -€139,404 | -41.2% |
| Financial income | 75/76B | €1,978 | €2,358 | +€380 | +19.2% |
| Recurring financial income | 75 | €1,978 | €2,358 | +€380 | +19.2% |
| Financial charges | 65/66B | €3,425 | €1,959 | -€1,465 | -42.8% |
| Recurring financial charges | 65 | €3,425 | €1,959 | -€1,465 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €336,502 | €198,943 | -€137,558 | -40.9% |
| Income taxes | 67/77 | €81,817 | €45,369 | -€36,448 | -44.5% |
| Profit (loss) for the period | 9904 | €254,685 | €153,574 | -€101,110 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €254,685 | €153,574 | -€101,110 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.