De Varomarkt: what changed
What changed
De Varomarkt
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€461,600
2024 · €47,534+€414,065
Equity
€4.4m
2024 · €3.9m+€461,600
Cash
€339,552
2024 · €104,585+€234,967
Balance sheet total
€4.8m
2024 · €4.3m+€462,375
Largest movements
Assets
- Tangible fixed assets +€377,942
up €377,942 (+15.4%), from €2.5m to €2.8m
of which Land and buildings: +€391,161
- Cash +€234,967
up €234,967 (+225%), from €104,585 to €339,552
mainly Net result for the year (+€461,600) and Provisions (+€143,192)
- Current investments -€100,000
down €100,000 (-10.5%), from €950,000 to €850,000
Equity and liabilities
- Reserves +€461,600
up €461,600 (+56.7%), from €813,619 to €1.3m
of which Tax-exempt reserves: +€429,576
- Provisions +€143,192
up €143,192 (+362%), from €39,579 to €182,771
- Debts after one year -€57,426
down €57,426 (-37.0%), from €155,187 to €97,762
Income statement
- Gross operating margin +€538,388
up €538,388 (+141%), from €381,645 to €920,033
- Taxes -€12,358
down €12,358 (-41.8%), from €29,541 to €17,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€47,534
Gross operating margin
+€538,388
Staff costs
-€854
Depreciation
+€8,959
Other operating charges
+€1,716
Other operating items
+€1,112
Financial income
-€5,246
Financial charges
+€1,562
Taxes
+€12,358
Deferred taxes and other
-€143,930
Result 2025
€461,600
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€756,199
Investment
-€419,165
Financing
-€102,067
Cash 2024
€104,585
From operations (derived)
+€756,199
Net result for the year
+€461,600
Depreciation
+€141,222
Stocks and contracts
+€39,927
Receivables within one year
+€7,685
Deferred charges and accrued income
+€2,922
Provisions
+€143,192
Trade debts
-€40,157
Tax, wage and social debts
+€7,160
Other debts
-€7,352
Investment (derived)
-€419,165
Investment in fixed assets (net)
-€519,165
Current investments
+€100,000
Financing
-€102,067
Debts after one year
-€57,426
Current portion of long-term debt
-€44,641
Cash 2025
€339,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,300,790 | €4,763,165 | +€462,375 | +10.8% |
| Fixed assets | 21/28 | €2,453,074 | €2,831,016 | +€377,942 | +15.4% |
| Tangible fixed assets | 22/27 | €2,452,330 | €2,830,272 | +€377,942 | +15.4% |
| Land and buildings | 22 | €2,425,740 | €2,816,901 | +€391,161 | +16.1% |
| Plant, machinery and equipment | 23 | €19,066 | €12,988 | -€6,078 | -31.9% |
| Furniture and vehicles | 24 | €7,524 | €383 | -€7,141 | -94.9% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €1,847,716 | €1,932,148 | +€84,433 | +4.6% |
| Stocks and contracts in progress | 3 | €498,443 | €458,516 | -€39,927 | -8.0% |
| Stocks | 30/36 | €498,443 | €458,516 | -€39,927 | -8.0% |
| Amounts receivable within one year | 40/41 | €275,362 | €267,677 | -€7,685 | -2.8% |
| Trade receivables | 40 | €17,580 | €567 | -€17,013 | -96.8% |
| Other amounts receivable | 41 | €257,782 | €267,110 | +€9,328 | +3.6% |
| Current investments | 50/53 | €950,000 | €850,000 | -€100,000 | -10.5% |
| Cash at bank and in hand | 54/58 | €104,585 | €339,552 | +€234,967 | +225% |
| Deferred charges and accrued income | 490/1 | €19,326 | €16,403 | -€2,922 | -15.1% |
| Total equity and liabilities | 10/49 | €4,300,790 | €4,763,165 | +€462,375 | +10.8% |
| Equity | 10/15 | €3,892,456 | €4,354,056 | +€461,600 | +11.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €207,115 | €207,115 | = | 0.0% |
| Reserves | 13 | €813,619 | €1,275,219 | +€461,600 | +56.7% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,736 | €548,312 | +€429,576 | +362% |
| Distributable reserves | 133 | €691,785 | €723,808 | +€32,023 | +4.6% |
| Profit (loss) carried forward | 14 | €2,840,735 | €2,840,735 | = | 0.0% |
| Provisions and deferred taxes | 16 | €39,579 | €182,771 | +€143,192 | +362% |
| Deferred taxes | 168 | €39,579 | €182,771 | +€143,192 | +362% |
| Amounts payable | 17/49 | €368,755 | €226,338 | -€142,417 | -38.6% |
| Amounts payable after more than one year | 17 | €155,187 | €97,762 | -€57,426 | -37.0% |
| Financial debts | 170/4 | €155,187 | €97,762 | -€57,426 | -37.0% |
| Amounts payable within one year | 42/48 | €213,567 | €128,577 | -€84,991 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €95,723 | €51,081 | -€44,641 | -46.6% |
| Trade debts | 44 | €80,689 | €40,532 | -€40,157 | -49.8% |
| Suppliers | 440/4 | €80,689 | €40,532 | -€40,157 | -49.8% |
| Taxes, remuneration and social security | 45 | €25,322 | €32,481 | +€7,160 | +28.3% |
| Taxes | 450/3 | €9,623 | €18,278 | +€8,655 | +89.9% |
| Remuneration and social security | 454/9 | €15,698 | €14,203 | -€1,496 | -9.5% |
| Other amounts payable | 47/48 | €11,834 | €4,482 | -€7,352 | -62.1% |
| Non-recurring operating income | 76A | €271 | €579,888 | +€579,617 | +213,912% |
| Remuneration, social security and pensions | 62 | €135,836 | €136,691 | +€854 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,182 | €141,222 | -€8,959 | -6.0% |
| Other operating charges | 640/8 | €28,489 | €26,773 | -€1,716 | -6.0% |
| Non-recurring operating charges | 66A | €1,112 | - | -€1,112 | |
| Gross operating margin | 9900 | €381,645 | €920,033 | +€538,388 | +141% |
| Operating profit (loss) | 9901 | €66,026 | €615,346 | +€549,321 | +832% |
| Financial income | 75/76B | €16,585 | €11,340 | -€5,246 | -31.6% |
| Recurring financial income | 75 | €16,585 | €11,340 | -€5,246 | -31.6% |
| Financial charges | 65/66B | €6,273 | €4,711 | -€1,562 | -24.9% |
| Recurring financial charges | 65 | €6,273 | €4,711 | -€1,562 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €76,338 | €621,975 | +€545,637 | +715% |
| Transfer from deferred taxes | 780 | €737 | €1,780 | +€1,042 | +141% |
| Transfer to deferred taxes | 680 | - | €144,972 | +€144,972 | |
| Income taxes | 67/77 | €29,541 | €17,183 | -€12,358 | -41.8% |
| Profit (loss) for the period | 9904 | €47,534 | €461,600 | +€414,065 | +871% |
| Transfer from tax-exempt reserves | 789 | €2,212 | €5,339 | +€3,127 | +141% |
| Transfer to tax-exempt reserves | 689 | - | €434,916 | +€434,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,747 | €32,023 | -€17,724 | -35.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.