Varela Construct: 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.
Varela Construct
Largest movements
- Receivables within one year +€19,746
up €19,746 (+311.3%), from €6,343 to €26,089
of which Trade receivables: +€13,270
- Cash +€3,068
up €3,068 (+48853.7%), from €6 to €3,074
mainly Net result for the year (+€17,235) and Tax, wage and social debts (+€5,271)
- Profit (loss) carried forward +€17,235
up €17,235 (+782.0%), from €2,204 to €19,439
- Tax, wage and social debts +€5,271
up €5,271 (+717.5%), from €735 to €6,006
- Trade debts +€307
up €307 (+66.7%), from €461 to €768
- Gross operating margin +€18,628
up €18,628 (+483.7%), from €3,851 to €22,480
- Taxes +€3,574
up €3,574 (+486.5%), from €735 to €4,309
- Financial charges +€368
up €368 (+203.6%), from €181 to €549
- Other operating charges -€345
down €345 (-47.1%), from €732 to €387
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 | €6,400 | €29,213 | +€22,814 | +356.5% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,350 | €29,163 | +€22,814 | +359.3% |
| Amounts receivable within one year | 40/41 | €6,343 | €26,089 | +€19,746 | +311.3% |
| Trade receivables | 40 | €5,093 | €18,363 | +€13,270 | +260.5% |
| Other amounts receivable | 41 | €1,250 | €7,726 | +€6,476 | +517.9% |
| Cash at bank and in hand | 54/58 | €6 | €3,074 | +€3,068 | +48853.7% |
| Total equity and liabilities | 10/49 | €6,400 | €29,213 | +€22,814 | +356.5% |
| Equity | 10/15 | €5,204 | €22,439 | +€17,235 | +331.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,204 | €19,439 | +€17,235 | +782.0% |
| Amounts payable | 17/49 | €1,196 | €6,774 | +€5,579 | +466.6% |
| Amounts payable within one year | 42/48 | €1,196 | €6,774 | +€5,579 | +466.6% |
| Trade debts | 44 | €461 | €768 | +€307 | +66.7% |
| Suppliers | 440/4 | €461 | €768 | +€307 | +66.7% |
| Taxes, remuneration and social security | 45 | €735 | €6,006 | +€5,271 | +717.5% |
| Taxes | 450/3 | €735 | €6,006 | +€5,271 | +717.5% |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | €3,851 | €22,480 | +€18,628 | +483.7% |
| Operating profit (loss) | 9901 | €3,119 | €22,092 | +€18,973 | +608.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €181 | €549 | +€368 | +203.6% |
| Recurring financial charges | 65 | €181 | €549 | +€368 | +203.6% |
| Profit (loss) for the period before taxes | 9903 | €2,939 | €21,544 | +€18,605 | +633.1% |
| Income taxes | 67/77 | €735 | €4,309 | +€3,574 | +486.5% |
| Profit (loss) for the period | 9904 | €2,204 | €17,235 | +€15,031 | +682.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,204 | €17,235 | +€15,031 | +682.0% |
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 5 October 2026 via checked.be.