VALOR CAFÉ: 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.
VALOR CAFÉ
Largest movements
- Receivables within one year -€69,606
down €69,606 (-29.5%), from €235,991 to €166,385
of which Other amounts receivable: -€67,437
- Cash -€7,444
down €7,444 (-8.3%), from €89,271 to €81,828
mainly Contributions, distributions and other (-€151,764) and Investment in fixed assets (net) (-€16,000)
- Tangible fixed assets +€6,447
up €6,447 (+13.3%), from €48,606 to €55,053
of which Other tangible fixed assets: +€10,091
- Reserves -€107,765
down €107,765 (-56.6%), from €190,474 to €82,709
- Other debts +€31,764
new in 2025: €31,764
- Gross operating margin -€8,071
down €8,071 (-9.6%), from €83,825 to €75,754
- Staff costs +€5,179
up €5,179 (+146%), from €3,556 to €8,736
- Financial income +€5,154
up €5,154 (+125%), from €4,130 to €9,285
- Depreciation -€1,556
down €1,556 (-14.0%), from €11,109 to €9,553
- Taxes +€865
up €865 (+4.3%), from €20,046 to €20,911
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 | €380,455 | €310,552 | -€69,903 | -18.4% |
| Fixed assets | 21/28 | €48,727 | €55,174 | +€6,447 | +13.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €48,606 | €55,053 | +€6,447 | +13.3% |
| Plant, machinery and equipment | 23 | €9,318 | €6,442 | -€2,876 | -30.9% |
| Furniture and vehicles | 24 | €2,775 | €2,007 | -€768 | -27.7% |
| Other tangible fixed assets | 26 | €36,512 | €46,603 | +€10,091 | +27.6% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €331,728 | €255,378 | -€76,350 | -23.0% |
| Stocks and contracts in progress | 3 | €4,505 | €4,109 | -€396 | -8.8% |
| Stocks | 30/36 | €4,505 | €4,109 | -€396 | -8.8% |
| Amounts receivable within one year | 40/41 | €235,991 | €166,385 | -€69,606 | -29.5% |
| Trade receivables | 40 | €30,900 | €28,731 | -€2,169 | -7.0% |
| Other amounts receivable | 41 | €205,091 | €137,654 | -€67,437 | -32.9% |
| Cash at bank and in hand | 54/58 | €89,271 | €81,828 | -€7,444 | -8.3% |
| Deferred charges and accrued income | 490/1 | €1,961 | €3,056 | +€1,095 | +55.9% |
| Total equity and liabilities | 10/49 | €380,455 | €310,552 | -€69,903 | -18.4% |
| Equity | 10/15 | €330,474 | €222,709 | -€107,765 | -32.6% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €190,474 | €82,709 | -€107,765 | -56.6% |
| Distributable reserves | 133 | €190,474 | €82,709 | -€107,765 | -56.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,981 | €87,844 | +€37,862 | +75.8% |
| Amounts payable within one year | 42/48 | €49,981 | €87,844 | +€37,862 | +75.8% |
| Financial debts | 43 | - | €415 | +€415 | |
| Credit institutions | 430/8 | - | €415 | +€415 | |
| Trade debts | 44 | €2,879 | €3,334 | +€455 | +15.8% |
| Suppliers | 440/4 | €2,879 | €3,334 | +€455 | +15.8% |
| Advances received on contracts in progress | 46 | €0 | €1,956 | +€1,956 | |
| Taxes, remuneration and social security | 45 | €47,102 | €50,376 | +€3,273 | +6.9% |
| Taxes | 450/3 | €46,526 | €49,681 | +€3,155 | +6.8% |
| Remuneration and social security | 454/9 | €576 | €694 | +€118 | +20.5% |
| Other amounts payable | 47/48 | - | €31,764 | +€31,764 | |
| Remuneration, social security and pensions | 62 | €3,556 | €8,736 | +€5,179 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €9,553 | -€1,556 | -14.0% |
| Other operating charges | 640/8 | €1,135 | €1,190 | +€55 | +4.8% |
| Gross operating margin | 9900 | €83,825 | €75,754 | -€8,071 | -9.6% |
| Operating profit (loss) | 9901 | €68,024 | €56,275 | -€11,749 | -17.3% |
| Financial income | 75/76B | €4,130 | €9,285 | +€5,154 | +125% |
| Recurring financial income | 75 | €4,130 | €9,285 | +€5,154 | +125% |
| Financial charges | 65/66B | €661 | €650 | -€11 | -1.7% |
| Recurring financial charges | 65 | €661 | €650 | -€11 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €71,493 | €64,910 | -€6,583 | -9.2% |
| Income taxes | 67/77 | €20,046 | €20,911 | +€865 | +4.3% |
| Profit (loss) for the period | 9904 | €51,447 | €43,998 | -€7,449 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,447 | €43,998 | -€7,449 | -14.5% |
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 17 October 2026 via checked.be.