VARASSE: 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.
VARASSE
Largest movements
- Receivables within one year -€376,618
down €376,618 (-35.7%), from €1.1m to €679,448
of which Other amounts receivable: -€223,334
- Stocks and contracts +€273,060
up €273,060 (+16.4%), from €1.7m to €1.9m
- Tangible fixed assets -€264,285
down €264,285 (-19.7%), from €1.3m to €1.1m
of which Leasing and similar rights: -€167,115
- Financial fixed assets +€206,969
up €206,969 (+466.2%), from €44,397 to €251,365
- Debts after one year -€360,653
down €360,653 (-31.6%), from €1.1m to €778,966
- Trade debts +€126,536
up €126,536 (+22.3%), from €568,067 to €694,604
- Short-term financial debts +€57,111
up €57,111 (+6.9%), from €828,194 to €885,304
- Current portion of long-term debt -€54,720
down €54,720 (-16.1%), from €339,258 to €284,538
- Reserves +€44,731
up €44,731 (+3.8%), from €1.2m to €1.2m
of which Distributable reserves: +€44,731
- Gross operating margin -€100,781
down €100,781 (-6.0%), from €1.7m to €1.6m
- Staff costs -€70,200
down €70,200 (-6.4%), from €1.1m to €1.0m
- Taxes -€34,269
down €34,269 (-63.5%), from €53,982 to €19,713
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,237,167 | €4,065,884 | -€171,283 | -4.0% |
| Fixed assets | 21/28 | €1,387,006 | €1,329,690 | -€57,316 | -4.1% |
| Tangible fixed assets | 22/27 | €1,342,610 | €1,078,325 | -€264,285 | -19.7% |
| Land and buildings | 22 | €159,774 | €148,739 | -€11,035 | -6.9% |
| Plant, machinery and equipment | 23 | €357,793 | €288,035 | -€69,758 | -19.5% |
| Furniture and vehicles | 24 | €31,792 | €15,416 | -€16,377 | -51.5% |
| Leasing and similar rights | 25 | €793,251 | €626,135 | -€167,115 | -21.1% |
| Financial fixed assets | 28 | €44,397 | €251,365 | +€206,969 | +466.2% |
| Current assets | 29/58 | €2,850,161 | €2,736,194 | -€113,966 | -4.0% |
| Stocks and contracts in progress | 3 | €1,663,360 | €1,936,420 | +€273,060 | +16.4% |
| Stocks | 30/36 | €1,663,360 | €1,936,420 | +€273,060 | +16.4% |
| Amounts receivable within one year | 40/41 | €1,056,066 | €679,448 | -€376,618 | -35.7% |
| Trade receivables | 40 | €662,559 | €509,275 | -€153,284 | -23.1% |
| Other amounts receivable | 41 | €393,507 | €170,172 | -€223,334 | -56.8% |
| Cash at bank and in hand | 54/58 | €130,734 | €106,768 | -€23,966 | -18.3% |
| Deferred charges and accrued income | 490/1 | €0 | €13,558 | +€13,558 | |
| Total equity and liabilities | 10/49 | €4,237,167 | €4,065,884 | -€171,283 | -4.0% |
| Equity | 10/15 | €1,187,802 | €1,232,533 | +€44,731 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,167,802 | €1,212,533 | +€44,731 | +3.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,167,802 | €1,212,533 | +€44,731 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,049,365 | €2,833,351 | -€216,014 | -7.1% |
| Amounts payable after more than one year | 17 | €1,139,620 | €778,966 | -€360,653 | -31.6% |
| Financial debts | 170/4 | €1,139,620 | €778,966 | -€360,653 | -31.6% |
| Amounts payable within one year | 42/48 | €1,909,746 | €2,050,050 | +€140,304 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €339,258 | €284,538 | -€54,720 | -16.1% |
| Financial debts | 43 | €828,194 | €885,304 | +€57,111 | +6.9% |
| Credit institutions | 430/8 | €828,194 | €885,304 | +€57,111 | +6.9% |
| Trade debts | 44 | €568,067 | €694,604 | +€126,536 | +22.3% |
| Suppliers | 440/4 | €568,067 | €694,604 | +€126,536 | +22.3% |
| Taxes, remuneration and social security | 45 | €174,227 | €185,604 | +€11,377 | +6.5% |
| Taxes | 450/3 | €73,960 | €114,234 | +€40,273 | +54.5% |
| Remuneration and social security | 454/9 | €100,266 | €71,370 | -€28,896 | -28.8% |
| Accrued charges and deferred income | 492/3 | €0 | €4,335 | +€4,335 | |
| Non-recurring operating income | 76A | €1,173 | €0 | -€1,173 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,099,709 | €1,029,509 | -€70,200 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,204 | €286,754 | +€7,550 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,911 | €0 | -€2,911 | -100.0% |
| Other operating charges | 640/8 | €17,531 | €33,638 | +€16,107 | +91.9% |
| Non-recurring operating charges | 66A | €3,481 | €7,202 | +€3,721 | +106.9% |
| Gross operating margin | 9900 | €1,674,645 | €1,573,863 | -€100,781 | -6.0% |
| Operating profit (loss) | 9901 | €271,809 | €216,760 | -€55,049 | -20.3% |
| Financial income | 75/76B | €25,831 | €20,915 | -€4,916 | -19.0% |
| Recurring financial income | 75 | €25,831 | €20,915 | -€4,916 | -19.0% |
| Financial charges | 65/66B | €166,853 | €173,232 | +€6,379 | +3.8% |
| Recurring financial charges | 65 | €166,853 | €173,232 | +€6,379 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €130,787 | €64,443 | -€66,343 | -50.7% |
| Income taxes | 67/77 | €53,982 | €19,713 | -€34,269 | -63.5% |
| Profit (loss) for the period | 9904 | €76,805 | €44,731 | -€32,074 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,805 | €44,731 | -€32,074 | -41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.