v3.26.1
FINANCIAL ASSETS
 12 Months Ended
Dec. 31, 2025
FINANCIAL ASSETS

 

7. FINANCIAL ASSETS

 

The breakdown of the carrying amount of the items presented under financial assets at December 31, 2025 and 2024 is as follows:

 

                       
    Amortized Cost              
12/31/2025   Debt Instruments     Carrying Amount     Fair Value  
Current financial assets:     67,483       67,482       67,482  
Trade receivables and other current assets (Note 8)     7,841       7,841       7,841  
Current financial assets     9,659       9,659       9,659  
Cash and cash equivalents     49,983       49,983       49,983  

 

    Amortized Cost              
12/31/2024   Debt Instruments     Carrying Amount     Fair Value  
Current financial assets:     62,923       62,923       62,923  
Trade receivables and other current assets (Note 8)     9,122       9,122       9,122  
Current financial assets     13,494       13,494       13,494  
Cash and cash equivalents     40,307       40,307       40,307  

 

Cash and cash equivalents also include reserved cash in certain jurisdictions (Spain, Colombia, Panama, and the City of Buenos Aires) where regulations require the Company to maintain total cash reserves equal to the amount that the customer has in his or her online wallet. As of December 31, 2025 and 2024 reserved cash amounted to €5,205 and €4,899 thousand, respectively.

 

Trade receivables and other current assets mainly comprise VAT recoverable from the tax authorities amounting to €5,405 and €5,150 thousand euros as of December 31, 2025 and, 2024, respectively. The balance also includes deposits made by customers through retail sport betting terminals, owned by other entities of Codere Group, to their virtual wallets amounting to €954 and €1,149 thousand as of December 31, 2025 and 2024, respectively.

 

Current financial assets mainly correspond to “in transit” deposits made by customers through payment service providers to their virtual wallets and amounted to €8,461 and €11,658 thousand euros as of December 31, 2025 and 2024, respectively. These deposits are normally settled and appear in the Company’s bank account between one to fifteen days after the transaction, depending on each payment service provider and are recognized as current financial assets.

 

The expected credit losses recognized on current financial assets as of December 31, 2025 and 2024 amounted to €138 thousand and €138 thousand, respectively.