VAR Consulting: what changed
Two fiscal 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.
VAR Consulting
Largest movements
- Cash +€16,103
up €16,103 (+123.9%), from €13,001 to €29,104
mainly Net result for the year (+€26,021) and Accrued charges and deferred income (+€1,233)
- Receivables within one year +€730
up €730 (+4.7%), from €15,423 to €16,153
of which Other amounts receivable: +€455
- Tangible fixed assets -€637
down €637 (-21.4%), from €2,971 to €2,334
- Profit (loss) carried forward +€26,021
up €26,021 (+237.0%), from €10,978 to €36,999
- Other debts -€4,803
down €4,803 (-50.8%), from €9,447 to €4,644
- Trade debts -€3,526
down €3,526 (-98.6%), from €3,575 to €49
- Tax, wage and social debts -€2,537
down €2,537 (-31.5%), from €8,054 to €5,517
of which Taxes: -€3,209
- Accrued charges and deferred income +€1,233
up €1,233 (+10542.4%), from €12 to €1,245
- Gross operating margin +€19,005
up €19,005 (+121.0%), from €15,710 to €34,715
- Taxes +€3,426
up €3,426 (+85.9%), from €3,987 to €7,413
- Depreciation +€423
up €423 (+197.6%), from €214 to €637
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 | €32,246 | €48,634 | +€16,388 | +50.8% |
| Fixed assets | 21/28 | €2,971 | €2,334 | -€637 | -21.4% |
| Tangible fixed assets | 22/27 | €2,971 | €2,334 | -€637 | -21.4% |
| Furniture and vehicles | 24 | €2,971 | €2,334 | -€637 | -21.4% |
| Current assets | 29/58 | €29,275 | €46,300 | +€17,025 | +58.2% |
| Amounts receivable within one year | 40/41 | €15,423 | €16,153 | +€730 | +4.7% |
| Trade receivables | 40 | €15,423 | €15,698 | +€275 | +1.8% |
| Other amounts receivable | 41 | - | €455 | +€455 | |
| Cash at bank and in hand | 54/58 | €13,001 | €29,104 | +€16,103 | +123.9% |
| Deferred charges and accrued income | 490/1 | €851 | €1,043 | +€192 | +22.6% |
| Total equity and liabilities | 10/49 | €32,246 | €48,634 | +€16,388 | +50.8% |
| Equity | 10/15 | €11,158 | €37,179 | +€26,021 | +233.2% |
| Contributions | 10/11 | €180 | €180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,978 | €36,999 | +€26,021 | +237.0% |
| Amounts payable | 17/49 | €21,088 | €11,455 | -€9,633 | -45.7% |
| Amounts payable within one year | 42/48 | €21,076 | €10,210 | -€10,866 | -51.6% |
| Trade debts | 44 | €3,575 | €49 | -€3,526 | -98.6% |
| Suppliers | 440/4 | €3,575 | €49 | -€3,526 | -98.6% |
| Taxes, remuneration and social security | 45 | €8,054 | €5,517 | -€2,537 | -31.5% |
| Taxes | 450/3 | €8,054 | €4,845 | -€3,209 | -39.8% |
| Remuneration and social security | 454/9 | - | €672 | +€672 | |
| Other amounts payable | 47/48 | €9,447 | €4,644 | -€4,803 | -50.8% |
| Accrued charges and deferred income | 492/3 | €12 | €1,245 | +€1,233 | +10542.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €637 | +€423 | +197.6% |
| Other operating charges | 640/8 | €465 | €552 | +€88 | +18.8% |
| Gross operating margin | 9900 | €15,710 | €34,715 | +€19,005 | +121.0% |
| Operating profit (loss) | 9901 | €15,031 | €33,525 | +€18,495 | +123.0% |
| Financial charges | 65/66B | €66 | €92 | +€26 | +39.9% |
| Recurring financial charges | 65 | €66 | €92 | +€26 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €14,965 | €33,433 | +€18,468 | +123.4% |
| Income taxes | 67/77 | €3,987 | €7,413 | +€3,426 | +85.9% |
| Profit (loss) for the period | 9904 | €10,978 | €26,021 | +€15,042 | +137.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,978 | €26,021 | +€15,042 | +137.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.