DI VARODI: what changed
DI VARODI
Largest movements
- Current investments +€148,165
up €148,165 (+7,851%), from €1,887 to €150,052
- Cash +€59,374
up €59,374 (+9,330%), from €636 to €60,010
mainly Net result for the year (+€151,240) and Tax, wage and social debts (+€51,413)
- Tangible fixed assets -€34,235
down €34,235 (-8.0%), from €428,040 to €393,805
- Profit (loss) carried forward +€151,240
up €151,240 (+77.4%), from €195,355 to €346,595
- Tax, wage and social debts +€51,413
up €51,413 (+818%), from €6,288 to €57,701
- Debts after one year -€45,371
down €45,371 (-30.9%), from €146,755 to €101,384
- Trade debts +€27,521
up €27,521 (+6,783%), from €406 to €27,927
- Short-term financial debts -€11,381
down €11,381 (-99.3%), from €11,466 to €86
- Gross operating margin +€194,290
up €194,290 (+507%), from €38,356 to €232,646
- Taxes +€49,885
up €49,885 (+898%), from €5,556 to €55,441
- Other operating charges +€7,527
up €7,527 (+166%), from €4,539 to €12,067
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,147 | €605,568 | +€173,422 | +40.1% |
| Fixed assets | 21/28 | €428,040 | €393,805 | -€34,235 | -8.0% |
| Tangible fixed assets | 22/27 | €428,040 | €393,805 | -€34,235 | -8.0% |
| Land and buildings | 22 | €428,040 | €393,805 | -€34,235 | -8.0% |
| Current assets | 29/58 | €4,107 | €211,764 | +€207,656 | +5,056% |
| Amounts receivable within one year | 40/41 | - | €60 | +€60 | |
| Trade receivables | 40 | - | €60 | +€60 | |
| Current investments | 50/53 | €1,887 | €150,052 | +€148,165 | +7,851% |
| Cash at bank and in hand | 54/58 | €636 | €60,010 | +€59,374 | +9,330% |
| Deferred charges and accrued income | 490/1 | €1,584 | €1,641 | +€57 | +3.6% |
| Total equity and liabilities | 10/49 | €432,147 | €605,568 | +€173,422 | +40.1% |
| Equity | 10/15 | €267,231 | €418,471 | +€151,240 | +56.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,876 | €9,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,676 | €3,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,355 | €346,595 | +€151,240 | +77.4% |
| Amounts payable | 17/49 | €164,916 | €187,098 | +€22,182 | +13.5% |
| Amounts payable after more than one year | 17 | €146,755 | €101,384 | -€45,371 | -30.9% |
| Financial debts | 170/4 | €146,755 | €101,384 | -€45,371 | -30.9% |
| Amounts payable within one year | 42/48 | €18,160 | €85,713 | +€67,553 | +372% |
| Financial debts | 43 | €11,466 | €86 | -€11,381 | -99.3% |
| Credit institutions | 430/8 | €11,466 | €86 | -€11,381 | -99.3% |
| Trade debts | 44 | €406 | €27,927 | +€27,521 | +6,783% |
| Suppliers | 440/4 | €406 | €27,927 | +€27,521 | +6,783% |
| Taxes, remuneration and social security | 45 | €6,288 | €57,701 | +€51,413 | +818% |
| Taxes | 450/3 | €6,288 | €57,701 | +€51,413 | +818% |
| Non-recurring operating income | 76A | €500 | €253,000 | +€252,500 | +50,500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,179 | €11,766 | -€413 | -3.4% |
| Other operating charges | 640/8 | €4,539 | €12,067 | +€7,527 | +166% |
| Gross operating margin | 9900 | €38,356 | €232,646 | +€194,290 | +507% |
| Operating profit (loss) | 9901 | €21,638 | €208,813 | +€187,175 | +865% |
| Financial income | 75/76B | €36 | €62 | +€27 | +75.2% |
| Recurring financial income | 75 | €36 | €62 | +€27 | +75.2% |
| Financial charges | 65/66B | €1,428 | €2,194 | +€766 | +53.6% |
| Recurring financial charges | 65 | €1,428 | €1,780 | +€352 | +24.6% |
| Non-recurring financial charges | 66B | - | €414 | +€414 | |
| Profit (loss) for the period before taxes | 9903 | €20,245 | €206,681 | +€186,436 | +921% |
| Income taxes | 67/77 | €5,556 | €55,441 | +€49,885 | +898% |
| Profit (loss) for the period | 9904 | €14,689 | €151,240 | +€136,551 | +930% |
| Profit (loss) for the period to be appropriated | 9905 | €14,689 | €151,240 | +€136,551 | +930% |
Next steps
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 4 November 2026 via checked.be.