BSVaragone: 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.
BSVaragone
Largest movements
- Tangible fixed assets +€10,155
up €10,155 (+2943.7%), from €345 to €10,500
of which Plant, machinery and equipment: +€10,352
- Cash -€6,188
down €6,188 (-99.2%), from €6,236 to €48
mainly Investment in fixed assets (net) (-€10,500) and Tax, wage and social debts (-€9,181)
- Receivables within one year -€5,478
down €5,478 (-14.4%), from €38,017 to €32,539
of which Other amounts receivable: -€5,478
- Trade debts +€10,843
up €10,843 (+322.6%), from €3,361 to €14,204
- Tax, wage and social debts -€9,181
down €9,181 (-90.6%), from €10,138 to €957
- Other debts -€6,200
no longer reported in 2025 (was €6,200)
- Profit (loss) carried forward +€4,413
up €4,413 (+23.8%), from €18,513 to €22,926
- Short-term financial debts -€1,386
no longer reported in 2025 (was €1,386)
- Financial charges -€4,776
no longer reported in 2025 (was €4,776)
- Financial income -€2,269
no longer reported in 2025 (was €2,269)
- Other operating charges -€1,748
down €1,748 (-86.3%), from €2,026 to €279
- Depreciation -€978
down €978 (-73.9%), from €1,323 to €345
- Gross operating margin -€966
down €966 (-16.1%), from €6,003 to €5,036
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 | €44,598 | €43,088 | -€1,511 | -3.4% |
| Fixed assets | 21/28 | €345 | €10,500 | +€10,155 | +2943.7% |
| Tangible fixed assets | 22/27 | €345 | €10,500 | +€10,155 | +2943.7% |
| Plant, machinery and equipment | 23 | €148 | €10,500 | +€10,352 | +7001.8% |
| Furniture and vehicles | 24 | €118 | - | -€118 | |
| Leasing and similar rights | 25 | €79 | - | -€79 | |
| Current assets | 29/58 | €44,253 | €32,588 | -€11,666 | -26.4% |
| Amounts receivable within one year | 40/41 | €38,017 | €32,539 | -€5,478 | -14.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €38,017 | €32,539 | -€5,478 | -14.4% |
| Cash at bank and in hand | 54/58 | €6,236 | €48 | -€6,188 | -99.2% |
| Total equity and liabilities | 10/49 | €44,598 | €43,088 | -€1,511 | -3.4% |
| Equity | 10/15 | €23,513 | €27,926 | +€4,413 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,513 | €22,926 | +€4,413 | +23.8% |
| Amounts payable | 17/49 | €21,085 | €15,162 | -€5,924 | -28.1% |
| Amounts payable within one year | 42/48 | €21,085 | €15,162 | -€5,924 | -28.1% |
| Financial debts | 43 | €1,386 | - | -€1,386 | |
| Credit institutions | 430/8 | €1,386 | - | -€1,386 | |
| Trade debts | 44 | €3,361 | €14,204 | +€10,843 | +322.6% |
| Suppliers | 440/4 | €3,361 | €14,204 | +€10,843 | +322.6% |
| Taxes, remuneration and social security | 45 | €10,138 | €957 | -€9,181 | -90.6% |
| Taxes | 450/3 | €10,138 | €957 | -€9,181 | -90.6% |
| Other amounts payable | 47/48 | €6,200 | - | -€6,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €345 | -€978 | -73.9% |
| Other operating charges | 640/8 | €2,026 | €279 | -€1,748 | -86.3% |
| Gross operating margin | 9900 | €6,003 | €5,036 | -€966 | -16.1% |
| Operating profit (loss) | 9901 | €2,654 | €4,413 | +€1,759 | +66.3% |
| Financial income | 75/76B | €2,269 | - | -€2,269 | |
| Recurring financial income | 75 | €2,269 | - | -€2,269 | |
| Financial charges | 65/66B | €4,776 | - | -€4,776 | |
| Recurring financial charges | 65 | €4,776 | - | -€4,776 | |
| Profit (loss) for the period before taxes | 9903 | €147 | €4,413 | +€4,266 | +2901.4% |
| Income taxes | 67/77 | €606 | - | -€606 | |
| Profit (loss) for the period | 9904 | -€459 | €4,413 | +€4,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€459 | €4,413 | +€4,872 |
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 12 October 2026 via checked.be.