VaRaNa: 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.
VaRaNa
Largest movements
- Receivables within one year -€14,591
down €14,591 (-92.7%), from €15,747 to €1,156
of which Trade receivables: -€10,680
- Cash +€6,095
up €6,095 (+466.2%), from €1,307 to €7,402
mainly Receivables within one year (+€14,591) and Deferred charges and accrued income (+€3,687)
- Deferred charges and accrued income -€3,687
down €3,687 (-50.0%), from €7,374 to €3,687
- Tangible fixed assets +€1,250
up €1,250 (+21.5%), from €5,811 to €7,061
of which Plant, machinery and equipment: +€1,881
- Other debts -€11,300
no longer reported in 2025 (was €11,300)
- Tax, wage and social debts -€2,411
down €2,411 (-45.7%), from €5,272 to €2,861
- Profit (loss) carried forward +€1,648
up €1,648 (+20.4%), from €8,083 to €9,731
- Trade debts +€1,130
up €1,130 (+193.5%), from €584 to €1,714
- Depreciation +€2,422
up €2,422 (+208.7%), from €1,160 to €3,582
- Taxes +€1,503
up €1,503 (+136.3%), from €1,103 to €2,606
- Other operating charges -€1,346
down €1,346 (-86.8%), from €1,550 to €204
- Gross operating margin +€399
up €399 (+5.2%), from €7,612 to €8,011
- Financial income -€113
down €113 (-52.6%), from €214 to €101
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 | €30,240 | €19,306 | -€10,934 | -36.2% |
| Fixed assets | 21/28 | €5,811 | €7,061 | +€1,250 | +21.5% |
| Tangible fixed assets | 22/27 | €5,811 | €7,061 | +€1,250 | +21.5% |
| Plant, machinery and equipment | 23 | €1,593 | €3,475 | +€1,881 | +118.1% |
| Furniture and vehicles | 24 | €4,218 | €3,586 | -€632 | -15.0% |
| Current assets | 29/58 | €24,428 | €12,245 | -€12,183 | -49.9% |
| Amounts receivable within one year | 40/41 | €15,747 | €1,156 | -€14,591 | -92.7% |
| Trade receivables | 40 | €10,680 | €0 | -€10,680 | -100.0% |
| Other amounts receivable | 41 | €5,067 | €1,156 | -€3,911 | -77.2% |
| Cash at bank and in hand | 54/58 | €1,307 | €7,402 | +€6,095 | +466.2% |
| Deferred charges and accrued income | 490/1 | €7,374 | €3,687 | -€3,687 | -50.0% |
| Total equity and liabilities | 10/49 | €30,240 | €19,306 | -€10,934 | -36.2% |
| Equity | 10/15 | €13,083 | €14,731 | +€1,648 | +12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,083 | €9,731 | +€1,648 | +20.4% |
| Amounts payable | 17/49 | €17,156 | €4,575 | -€12,581 | -73.3% |
| Amounts payable within one year | 42/48 | €17,156 | €4,575 | -€12,581 | -73.3% |
| Trade debts | 44 | €584 | €1,714 | +€1,130 | +193.5% |
| Suppliers | 440/4 | €584 | €1,714 | +€1,130 | +193.5% |
| Taxes, remuneration and social security | 45 | €5,272 | €2,861 | -€2,411 | -45.7% |
| Taxes | 450/3 | €5,272 | €2,861 | -€2,411 | -45.7% |
| Other amounts payable | 47/48 | €11,300 | - | -€11,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | €3,582 | +€2,422 | +208.7% |
| Other operating charges | 640/8 | €1,550 | €204 | -€1,346 | -86.8% |
| Gross operating margin | 9900 | €7,612 | €8,011 | +€399 | +5.2% |
| Operating profit (loss) | 9901 | €4,901 | €4,225 | -€677 | -13.8% |
| Financial income | 75/76B | €214 | €101 | -€113 | -52.6% |
| Recurring financial income | 75 | €214 | €101 | -€113 | -52.6% |
| Financial charges | 65/66B | €81 | €72 | -€9 | -11.0% |
| Recurring financial charges | 65 | €81 | €72 | -€9 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €5,034 | €4,254 | -€780 | -15.5% |
| Income taxes | 67/77 | €1,103 | €2,606 | +€1,503 | +136.3% |
| Profit (loss) for the period | 9904 | €3,931 | €1,648 | -€2,284 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,931 | €1,648 | -€2,284 | -58.1% |
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 5 October 2026 via checked.be.