VARECO: 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.
VARECO
Largest movements
- Tangible fixed assets -€9,816
down €9,816 (-2.6%), from €381,029 to €371,213
- Profit (loss) carried forward -€9,156
down €9,156 (-27.6%), from -€33,190 to -€42,346
- Financial income -€1,798
down €1,798 (-98.5%), from €1,825 to €27
- Gross operating margin +€1,177
up €1,177 (+13.0%), from €9,058 to €10,235
- Other operating charges +€836
up €836 (+19.9%), from €4,203 to €5,039
- Depreciation +€222
up €222 (+1.8%), from €12,552 to €12,774
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 | €439,831 | €432,963 | -€6,868 | -1.6% |
| Fixed assets | 21/28 | €381,166 | €371,350 | -€9,816 | -2.6% |
| Tangible fixed assets | 22/27 | €381,029 | €371,213 | -€9,816 | -2.6% |
| Land and buildings | 22 | €381,029 | €371,213 | -€9,816 | -2.6% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €58,666 | €61,613 | +€2,948 | +5.0% |
| Amounts receivable within one year | 40/41 | €548 | €8 | -€539 | -98.5% |
| Other amounts receivable | 41 | €548 | €8 | -€539 | -98.5% |
| Current investments | 50/53 | €50,772 | €50,772 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,346 | €10,833 | +€3,487 | +47.5% |
| Total equity and liabilities | 10/49 | €439,831 | €432,963 | -€6,868 | -1.6% |
| Equity | 10/15 | €288,373 | €279,216 | -€9,156 | -3.2% |
| Contributions | 10/11 | €268,201 | €268,201 | = | 0.0% |
| Capital | 10 | €268,201 | €268,201 | = | 0.0% |
| Issued capital | 100 | €268,201 | €268,201 | = | 0.0% |
| Reserves | 13 | €53,362 | €53,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,985 | €12,985 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Other | 1319 | €6,168 | €6,168 | = | 0.0% |
| Distributable reserves | 133 | €40,376 | €40,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,190 | -€42,346 | -€9,156 | -27.6% |
| Amounts payable | 17/49 | €151,459 | €153,746 | +€2,288 | +1.5% |
| Amounts payable within one year | 42/48 | €96,225 | €95,429 | -€796 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €1,432 | €1,497 | +€65 | +4.6% |
| Suppliers | 440/4 | €1,432 | €1,497 | +€65 | +4.6% |
| Other amounts payable | 47/48 | €44,794 | €43,932 | -€862 | -1.9% |
| Accrued charges and deferred income | 492/3 | €55,234 | €58,318 | +€3,084 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,552 | €12,774 | +€222 | +1.8% |
| Other operating charges | 640/8 | €4,203 | €5,039 | +€836 | +19.9% |
| Gross operating margin | 9900 | €9,058 | €10,235 | +€1,177 | +13.0% |
| Operating profit (loss) | 9901 | -€7,697 | -€7,578 | +€119 | +1.5% |
| Financial income | 75/76B | €1,825 | €27 | -€1,798 | -98.5% |
| Recurring financial income | 75 | €1,825 | €27 | -€1,798 | -98.5% |
| Financial charges | 65/66B | €1,602 | €1,605 | +€2 | +0.1% |
| Recurring financial charges | 65 | €1,602 | €1,605 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,475 | -€9,156 | -€1,682 | -22.5% |
| Profit (loss) for the period | 9904 | -€7,475 | -€9,156 | -€1,682 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,475 | -€9,156 | -€1,682 | -22.5% |
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 3 October 2026 via checked.be.