CE Valer: 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.
CE Valer
Largest movements
- Stocks and contracts -€10,440
down €10,440 (-76.0%), from €13,740 to €3,300
of which Contracts in progress: -€10,440
- Tangible fixed assets -€7,496
down €7,496 (-23.8%), from €31,491 to €23,995
of which Furniture and vehicles: -€4,897
- Cash -€7,315
down €7,315 (-37.7%), from €19,384 to €12,069
mainly Trade debts (-€49,393) and Other debts (-€8,190)
- Receivables within one year -€2,152
down €2,152 (-6.8%), from €31,609 to €29,457
of which Other amounts receivable: -€12,590
- Trade debts -€49,393
down €49,393 (-83.1%), from €59,438 to €10,045
- Profit (loss) carried forward +€23,234
up €23,234 (+113.9%), from €20,395 to €43,629
- Other debts -€8,190
down €8,190 (-79.5%), from €10,300 to €2,110
- Tax, wage and social debts +€7,032
up €7,032 (+97.8%), from €7,188 to €14,220
of which Remuneration and social security: +€5,969
- Gross operating margin +€8,672
up €8,672 (+28.1%), from €30,866 to €39,538
- Depreciation +€4,476
up €4,476 (+220.7%), from €2,028 to €6,504
- Taxes +€892
up €892 (+12.4%), from €7,188 to €8,080
- Other operating charges +€828
up €828 (+237.9%), from €348 to €1,176
- Financial charges +€505
up €505 (+623.5%), from €81 to €586
of which Financial charges: +€340
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 | €98,321 | €71,004 | -€27,317 | -27.8% |
| Fixed assets | 21/28 | €31,491 | €23,995 | -€7,496 | -23.8% |
| Tangible fixed assets | 22/27 | €31,491 | €23,995 | -€7,496 | -23.8% |
| Plant, machinery and equipment | 23 | €12,501 | €9,902 | -€2,599 | -20.8% |
| Furniture and vehicles | 24 | €18,990 | €14,093 | -€4,897 | -25.8% |
| Current assets | 29/58 | €66,830 | €47,009 | -€19,821 | -29.7% |
| Stocks and contracts in progress | 3 | €13,740 | €3,300 | -€10,440 | -76.0% |
| Stocks | 30/36 | €300 | €300 | = | 0.0% |
| Contracts in progress | 37 | €13,440 | €3,000 | -€10,440 | -77.7% |
| Amounts receivable within one year | 40/41 | €31,609 | €29,457 | -€2,152 | -6.8% |
| Trade receivables | 40 | €16,139 | €26,577 | +€10,438 | +64.7% |
| Other amounts receivable | 41 | €15,470 | €2,880 | -€12,590 | -81.4% |
| Cash at bank and in hand | 54/58 | €19,384 | €12,069 | -€7,315 | -37.7% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,183 | +€86 | +4.1% |
| Total equity and liabilities | 10/49 | €98,321 | €71,004 | -€27,317 | -27.8% |
| Equity | 10/15 | €21,395 | €44,629 | +€23,234 | +108.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,395 | €43,629 | +€23,234 | +113.9% |
| Amounts payable | 17/49 | €76,926 | €26,375 | -€50,551 | -65.7% |
| Amounts payable within one year | 42/48 | €76,926 | €26,375 | -€50,551 | -65.7% |
| Trade debts | 44 | €59,438 | €10,045 | -€49,393 | -83.1% |
| Suppliers | 440/4 | €59,438 | €10,045 | -€49,393 | -83.1% |
| Taxes, remuneration and social security | 45 | €7,188 | €14,220 | +€7,032 | +97.8% |
| Taxes | 450/3 | €7,188 | €8,251 | +€1,063 | +14.8% |
| Remuneration and social security | 454/9 | - | €5,969 | +€5,969 | |
| Other amounts payable | 47/48 | €10,300 | €2,110 | -€8,190 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €6,504 | +€4,476 | +220.7% |
| Other operating charges | 640/8 | €348 | €1,176 | +€828 | +237.9% |
| Gross operating margin | 9900 | €30,866 | €39,538 | +€8,672 | +28.1% |
| Operating profit (loss) | 9901 | €28,490 | €31,858 | +€3,368 | +11.8% |
| Financial income | 75/76B | €7 | €42 | +€35 | +500.0% |
| Recurring financial income | 75 | €7 | €42 | +€35 | +500.0% |
| Financial charges | 65/66B | €81 | €586 | +€505 | +623.5% |
| Recurring financial charges | 65 | €81 | €421 | +€340 | +419.8% |
| Non-recurring financial charges | 66B | - | €165 | +€165 | |
| Profit (loss) for the period before taxes | 9903 | €28,416 | €31,314 | +€2,898 | +10.2% |
| Income taxes | 67/77 | €7,188 | €8,080 | +€892 | +12.4% |
| Profit (loss) for the period | 9904 | €21,228 | €23,234 | +€2,006 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,228 | €23,234 | +€2,006 | +9.4% |
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 6 October 2026 via checked.be.