Ermelindo Varela: what changed
What changed
Ermelindo Varela
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€36,696
2024 · -€29,494+€66,190
Equity
€13,516
2024 · €46,820-€33,304
Cash
€1,287
2024 · €2,040-€753
Balance sheet total
€87,607
2024 · €49,987+€37,621
Largest movements
Assets
- Receivables within one year +€45,161
up €45,161 (+114%), from €39,724 to €84,885
of which Trade receivables: +€24,139
- Deferred charges and accrued income -€6,999
down €6,999 (-99.9%), from €7,009 to €9
Equity and liabilities
- Other debts +€70,000
new in 2025: €70,000
- Profit (loss) carried forward -€33,304
down €33,304 (-79.6%), from €41,820 to €8,516
- Tax, wage and social debts +€953
up €953 (+93.5%), from €1,019 to €1,972
Income statement
- Gross operating margin +€71,063
up €71,063, from -€30,773 to €40,290
- Financial income -€2,434
down €2,434 (-97.8%), from €2,490 to €56
- Taxes +€1,972
new in 2025: €1,972
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
-€29,494
Gross operating margin
+€71,063
Depreciation
-€399
Other operating charges
-€58
Financial income
-€2,434
Financial charges
-€9
Taxes
-€1,972
Result 2025
€36,696
raises the resultlowers the result
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
+€70,078
Investment
-€831
Financing
-€70,000
Cash 2024
€2,040
From operations (derived)
+€70,078
Net result for the year
+€36,696
Depreciation
+€619
Receivables within one year
-€45,161
Deferred charges and accrued income
+€6,999
Trade debts
-€29
Tax, wage and social debts
+€953
Other debts
+€70,000
Investment (derived)
-€831
Investment in fixed assets (net)
-€831
Financing
-€70,000
Contributions, distributions and other
-€70,000
Cash 2025
€1,287
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,987 | €87,607 | +€37,621 | +75.3% |
| Fixed assets | 21/28 | €1,215 | €1,427 | +€212 | +17.4% |
| Tangible fixed assets | 22/27 | €1,215 | €1,427 | +€212 | +17.4% |
| Furniture and vehicles | 24 | €1,215 | €1,427 | +€212 | +17.4% |
| Current assets | 29/58 | €48,772 | €86,181 | +€37,409 | +76.7% |
| Amounts receivable within one year | 40/41 | €39,724 | €84,885 | +€45,161 | +114% |
| Trade receivables | 40 | €84 | €24,223 | +€24,139 | +28,727% |
| Other amounts receivable | 41 | €39,640 | €60,662 | +€21,022 | +53.0% |
| Cash at bank and in hand | 54/58 | €2,040 | €1,287 | -€753 | -36.9% |
| Deferred charges and accrued income | 490/1 | €7,009 | €9 | -€6,999 | -99.9% |
| Total equity and liabilities | 10/49 | €49,987 | €87,607 | +€37,621 | +75.3% |
| Equity | 10/15 | €46,820 | €13,516 | -€33,304 | -71.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,820 | €8,516 | -€33,304 | -79.6% |
| Amounts payable | 17/49 | €3,167 | €74,091 | +€70,924 | +2,240% |
| Amounts payable within one year | 42/48 | €3,167 | €74,091 | +€70,924 | +2,240% |
| Trade debts | 44 | €2,148 | €2,119 | -€29 | -1.3% |
| Suppliers | 440/4 | €2,148 | €2,119 | -€29 | -1.3% |
| Taxes, remuneration and social security | 45 | €1,019 | €1,972 | +€953 | +93.5% |
| Taxes | 450/3 | €1,019 | €1,972 | +€953 | +93.5% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €619 | +€399 | +182% |
| Other operating charges | 640/8 | €387 | €446 | +€58 | +15.1% |
| Gross operating margin | 9900 | -€30,773 | €40,290 | +€71,063 | |
| Operating profit (loss) | 9901 | -€31,380 | €39,225 | +€70,605 | |
| Financial income | 75/76B | €2,490 | €56 | -€2,434 | -97.8% |
| Recurring financial income | 75 | €2,490 | €56 | -€2,434 | -97.8% |
| Financial charges | 65/66B | €604 | €613 | +€9 | +1.5% |
| Recurring financial charges | 65 | €604 | €613 | +€9 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,494 | €38,668 | +€68,162 | |
| Income taxes | 67/77 | - | €1,972 | +€1,972 | |
| Profit (loss) for the period | 9904 | -€29,494 | €36,696 | +€66,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,494 | €36,696 | +€66,190 |
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 1 November 2026 via checked.be.