VARAMEDIA: 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.
VARAMEDIA
Largest movements
- Cash +€38,366
up €38,366 (+185%), from €20,755 to €59,121
mainly Net result for the year (+€77,900) and Receivables within one year (+€30,554)
- Receivables within one year -€30,554
down €30,554 (-33.6%), from €90,883 to €60,329
of which Trade receivables: -€25,873
- Tangible fixed assets -€13,233
down €13,233 (-16.0%), from €82,548 to €69,315
of which Other tangible fixed assets: -€7,587
- Intangible fixed assets -€3,210
down €3,210 (-47.5%), from €6,756 to €3,546
- Deferred charges and accrued income +€2,233
up €2,233 (+84.4%), from €2,646 to €4,879
- Reserves +€51,387
up €51,387 (+194%), from €26,514 to €77,900
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Debts after one year -€20,577
down €20,577 (-40.0%), from €51,441 to €30,863
- Tax, wage and social debts +€18,249
up €18,249 (+126%), from €14,522 to €32,770
of which Remuneration and social security: +€9,751
- Current portion of long-term debt -€5,077
down €5,077 (-14.2%), from €35,655 to €30,577
- Staff costs -€57,721
down €57,721 (-58.7%), from €98,259 to €40,538
- Taxes +€14,236
up €14,236 (+147%), from €9,688 to €23,924
- Financial charges -€6,831
down €6,831 (-51.9%), from €13,151 to €6,320
- Write-downs +€5,265
up €5,265 (+353%), from €1,490 to €6,755
- Other operating charges -€2,557
down €2,557 (-74.2%), from €3,444 to €887
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.
Derived cash bridge
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 | €208,613 | €202,215 | -€6,397 | -3.1% |
| Fixed assets | 21/28 | €94,329 | €77,886 | -€16,443 | -17.4% |
| Intangible fixed assets | 21 | €6,756 | €3,546 | -€3,210 | -47.5% |
| Tangible fixed assets | 22/27 | €82,548 | €69,315 | -€13,233 | -16.0% |
| Plant, machinery and equipment | 23 | €2,561 | €1,934 | -€627 | -24.5% |
| Furniture and vehicles | 24 | €18,058 | €13,039 | -€5,019 | -27.8% |
| Other tangible fixed assets | 26 | €61,929 | €54,342 | -€7,587 | -12.3% |
| Financial fixed assets | 28 | €5,025 | €5,025 | = | 0.0% |
| Current assets | 29/58 | €114,284 | €124,330 | +€10,046 | +8.8% |
| Amounts receivable within one year | 40/41 | €90,883 | €60,329 | -€30,554 | -33.6% |
| Trade receivables | 40 | €82,571 | €56,699 | -€25,873 | -31.3% |
| Other amounts receivable | 41 | €8,312 | €3,631 | -€4,681 | -56.3% |
| Cash at bank and in hand | 54/58 | €20,755 | €59,121 | +€38,366 | +185% |
| Deferred charges and accrued income | 490/1 | €2,646 | €4,879 | +€2,233 | +84.4% |
| Total equity and liabilities | 10/49 | €208,613 | €202,215 | -€6,397 | -3.1% |
| Equity | 10/15 | €36,514 | €87,900 | +€51,387 | +141% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,514 | €77,900 | +€51,387 | +194% |
| Distributable reserves | 133 | €26,514 | €77,900 | +€51,387 | +194% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,099 | €114,315 | -€57,784 | -33.6% |
| Amounts payable after more than one year | 17 | €51,441 | €30,863 | -€20,577 | -40.0% |
| Financial debts | 170/4 | €51,441 | €30,863 | -€20,577 | -40.0% |
| Amounts payable within one year | 42/48 | €120,345 | €83,309 | -€37,035 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €35,655 | €30,577 | -€5,077 | -14.2% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €18,360 | €19,962 | +€1,601 | +8.7% |
| Suppliers | 440/4 | €18,360 | €19,962 | +€1,601 | +8.7% |
| Taxes, remuneration and social security | 45 | €14,522 | €32,770 | +€18,249 | +126% |
| Taxes | 450/3 | €14,476 | €22,974 | +€8,497 | +58.7% |
| Remuneration and social security | 454/9 | €45 | €9,797 | +€9,751 | +21,545% |
| Other amounts payable | 47/48 | €1,808 | €0 | -€1,808 | -100% |
| Accrued charges and deferred income | 492/3 | €314 | €142 | -€172 | -54.7% |
| Remuneration, social security and pensions | 62 | €98,259 | €40,538 | -€57,721 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,657 | €17,702 | +€46 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,490 | €6,755 | +€5,265 | +353% |
| Other operating charges | 640/8 | €3,444 | €887 | -€2,557 | -74.2% |
| Non-recurring operating charges | 66A | €2,206 | €0 | -€2,206 | -100% |
| Gross operating margin | 9900 | €174,272 | €171,734 | -€2,538 | -1.5% |
| Operating profit (loss) | 9901 | €51,216 | €105,852 | +€54,635 | +107% |
| Financial income | 75/76B | €771 | €2,293 | +€1,522 | +197% |
| Recurring financial income | 75 | €771 | €2,293 | +€1,522 | +197% |
| Financial charges | 65/66B | €13,151 | €6,320 | -€6,831 | -51.9% |
| Recurring financial charges | 65 | €13,151 | €6,320 | -€6,831 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €38,837 | €101,824 | +€62,988 | +162% |
| Income taxes | 67/77 | €9,688 | €23,924 | +€14,236 | +147% |
| Profit (loss) for the period | 9904 | €29,149 | €77,900 | +€48,752 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €29,149 | €77,900 | +€48,752 | +167% |
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 14 October 2026 via checked.be.