Le Val Fourcats: 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.
Le Val Fourcats
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+9.0%), from €13.9m to €15.2m
- Cash -€407,053
down €407,053 (-96.4%), from €422,154 to €15,100
mainly Investment in fixed assets (net) (-€1.3m) and Accrued charges and deferred income (-€528,503)
- Short-term financial debts +€1.1m
new in 2025: €1.1m
- Accrued charges and deferred income -€528,503
no longer reported in 2025 (was €528,503)
- Financial income -€308,877
down €308,877 (-25.3%), from €1.2m to €912,741
- Financial charges -€266,837
down €266,837 (-34.3%), from €777,857 to €511,020
- Taxes +€30,206
up €30,206 (+16.1%), from €187,795 to €218,000
- Other operating charges +€27,389
up €27,389 (+270%), from €10,127 to €37,516
- Gross operating margin +€5,297
up €5,297 (+13.1%), from -€40,414 to -€35,117
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 | €26,637,784 | €27,525,249 | +€887,465 | +3.3% |
| Fixed assets | 21/28 | €13,928,879 | €15,187,461 | +€1.3m | +9.0% |
| Financial fixed assets | 28 | €13,928,879 | €15,187,461 | +€1.3m | +9.0% |
| Current assets | 29/58 | €12,708,904 | €12,337,788 | -€371,117 | -2.9% |
| Amounts receivable within one year | 40/41 | €100,778 | - | -€100,778 | |
| Other amounts receivable | 41 | €100,778 | - | -€100,778 | |
| Current investments | 50/53 | €12,065,444 | €12,322,687 | +€257,243 | +2.1% |
| Cash at bank and in hand | 54/58 | €422,154 | €15,100 | -€407,053 | -96.4% |
| Deferred charges and accrued income | 490/1 | €120,529 | - | -€120,529 | |
| Total equity and liabilities | 10/49 | €26,637,784 | €27,525,249 | +€887,465 | +3.3% |
| Equity | 10/15 | €1,543,988 | €1,655,076 | +€111,087 | +7.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,481,488 | €1,592,576 | +€111,087 | +7.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €1,475,238 | €1,586,326 | +€111,087 | +7.5% |
| Amounts payable | 17/49 | €25,093,795 | €25,870,173 | +€776,378 | +3.1% |
| Amounts payable within one year | 42/48 | €24,565,293 | €25,870,173 | +€1.3m | +5.3% |
| Financial debts | 43 | - | €1,100,756 | +€1.1m | |
| Credit institutions | 430/8 | - | €1,100,756 | +€1.1m | |
| Trade debts | 44 | €29,245 | €16,177 | -€13,068 | -44.7% |
| Suppliers | 440/4 | €29,245 | €16,177 | -€13,068 | -44.7% |
| Taxes, remuneration and social security | 45 | €65,773 | €132,965 | +€67,192 | +102% |
| Taxes | 450/3 | €65,773 | €132,965 | +€67,192 | +102% |
| Other amounts payable | 47/48 | €24,470,275 | €24,620,275 | +€150,000 | +0.6% |
| Accrued charges and deferred income | 492/3 | €528,503 | - | -€528,503 | |
| Other operating charges | 640/8 | €10,127 | €37,516 | +€27,389 | +270% |
| Gross operating margin | 9900 | -€40,414 | -€35,117 | +€5,297 | +13.1% |
| Operating profit (loss) | 9901 | -€50,541 | -€72,633 | -€22,092 | -43.7% |
| Financial income | 75/76B | €1,221,617 | €912,741 | -€308,877 | -25.3% |
| Recurring financial income | 75 | €1,221,617 | €912,741 | -€308,877 | -25.3% |
| Financial charges | 65/66B | €777,857 | €511,020 | -€266,837 | -34.3% |
| Recurring financial charges | 65 | €777,857 | €511,020 | -€266,837 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €393,219 | €329,088 | -€64,131 | -16.3% |
| Income taxes | 67/77 | €187,795 | €218,000 | +€30,206 | +16.1% |
| Profit (loss) for the period | 9904 | €205,424 | €111,087 | -€94,337 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €205,424 | €111,087 | -€94,337 | -45.9% |
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 27 October 2026 via checked.be.