VAREJA: 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.
VAREJA
Largest movements
- Receivables within one year +€37,409
up €37,409 (+3.8%), from €981,724 to €1.0m
- Tangible fixed assets -€26,023
down €26,023 (-3.2%), from €805,303 to €779,281
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€591
down €591 (-1.9%), from €31,521 to €30,930
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,787,528 | €1,798,913 | +€11,386 | +0.6% |
| Fixed assets | 21/28 | €805,803 | €779,781 | -€26,023 | -3.2% |
| Tangible fixed assets | 22/27 | €805,303 | €779,281 | -€26,023 | -3.2% |
| Land and buildings | 22 | €805,303 | €779,281 | -€26,023 | -3.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €981,724 | €1,019,133 | +€37,409 | +3.8% |
| Amounts receivable within one year | 40/41 | €981,724 | €1,019,133 | +€37,409 | +3.8% |
| Other amounts receivable | 41 | €981,724 | €1,019,133 | +€37,409 | +3.8% |
| Total equity and liabilities | 10/49 | €1,787,528 | €1,798,913 | +€11,386 | +0.6% |
| Equity | 10/15 | €1,733,793 | €1,738,436 | +€4,643 | +0.3% |
| Contributions | 10/11 | €1,152,705 | €1,152,705 | = | 0.0% |
| Capital | 10 | €1,152,705 | €1,152,705 | = | 0.0% |
| Issued capital | 100 | €1,152,705 | €1,152,705 | = | 0.0% |
| Reserves | 13 | €581,088 | €585,731 | +€4,643 | +0.8% |
| Non-distributable reserves | 130/1 | €115,270 | €115,270 | = | 0.0% |
| Legal reserve | 130 | €115,270 | €115,270 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,601 | €72,859 | -€2,742 | -3.6% |
| Distributable reserves | 133 | €390,217 | €397,601 | +€7,384 | +1.9% |
| Provisions and deferred taxes | 16 | €41,772 | €40,577 | -€1,195 | -2.9% |
| Deferred taxes | 168 | €41,772 | €40,577 | -€1,195 | -2.9% |
| Amounts payable | 17/49 | €11,962 | €19,900 | +€7,938 | +66.4% |
| Amounts payable within one year | 42/48 | €11,962 | €19,900 | +€7,938 | +66.4% |
| Taxes, remuneration and social security | 45 | €2,912 | €2,688 | -€224 | -7.7% |
| Taxes | 450/3 | €2,912 | €2,688 | -€224 | -7.7% |
| Other amounts payable | 47/48 | €9,050 | €17,212 | +€8,162 | +90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,023 | €26,023 | = | 0.0% |
| Other operating charges | 640/8 | €3,489 | €3,538 | +€50 | +1.4% |
| Gross operating margin | 9900 | €31,521 | €30,930 | -€591 | -1.9% |
| Operating profit (loss) | 9901 | €2,009 | €1,368 | -€641 | -31.9% |
| Financial income | 75/76B | €4,740 | €4,767 | +€28 | +0.6% |
| Recurring financial income | 75 | €4,740 | €4,767 | +€28 | +0.6% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €6,749 | €6,136 | -€613 | -9.1% |
| Transfer from deferred taxes | 780 | €1,195 | €1,195 | = | 0.0% |
| Income taxes | 67/77 | €2,912 | €2,688 | -€224 | -7.7% |
| Profit (loss) for the period | 9904 | €5,032 | €4,643 | -€390 | -7.7% |
| Transfer from tax-exempt reserves | 789 | €2,742 | €2,742 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,774 | €7,384 | -€390 | -5.0% |
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 8 October 2026 via checked.be.