VARENDRIES: 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.
VARENDRIES
Largest movements
- Cash -€61,591
down €61,591 (-78.9%), from €78,024 to €16,433
mainly Debts after one year (-€103,571) and Current portion of long-term debt (-€12,198)
- Deferred charges and accrued income -€23,489
no longer reported in 2025 (was €23,489)
- Tangible fixed assets -€10,217
down €10,217 (-11.6%), from €88,038 to €77,821
of which Land and buildings: -€8,333
- Debts after one year -€103,571
down €103,571 (-62.8%), from €164,946 to €61,375
- Profit (loss) carried forward +€18,723
no longer reported in 2025 (was -€18,723)
- Current portion of long-term debt -€12,198
down €12,198 (-55.2%), from €22,102 to €9,903
- Reserves +€3,160
new in 2025: €3,160
- Other debts -€2,563
down €2,563 (-97.6%), from €2,626 to €64
- Gross operating margin +€8,332
up €8,332 (+22.7%), from €36,771 to €45,104
- Depreciation -€5,747
down €5,747 (-36.0%), from €15,964 to €10,217
- Write-downs +€2,715
new in 2025: €2,715
- Other operating charges -€2,626
no longer reported in 2025 (was €2,626)
- Financial charges +€1,173
up €1,173 (+14.7%), from €7,965 to €9,138
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 | €189,551 | €94,254 | -€95,297 | -50.3% |
| Fixed assets | 21/28 | €88,038 | €77,821 | -€10,217 | -11.6% |
| Tangible fixed assets | 22/27 | €88,038 | €77,821 | -€10,217 | -11.6% |
| Land and buildings | 22 | €72,963 | €64,630 | -€8,333 | -11.4% |
| Furniture and vehicles | 24 | €15,076 | €13,191 | -€1,884 | -12.5% |
| Current assets | 29/58 | €101,513 | €16,433 | -€85,080 | -83.8% |
| Cash at bank and in hand | 54/58 | €78,024 | €16,433 | -€61,591 | -78.9% |
| Deferred charges and accrued income | 490/1 | €23,489 | - | -€23,489 | |
| Total equity and liabilities | 10/49 | €189,551 | €94,254 | -€95,297 | -50.3% |
| Equity | 10/15 | -€123 | €21,760 | +€21,883 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €3,160 | +€3,160 | |
| Distributable reserves | 133 | - | €3,160 | +€3,160 | |
| Profit (loss) carried forward | 14 | -€18,723 | - | +€18,723 | |
| Amounts payable | 17/49 | €189,674 | €72,494 | -€117,180 | -61.8% |
| Amounts payable after more than one year | 17 | €164,946 | €61,375 | -€103,571 | -62.8% |
| Financial debts | 170/4 | €164,946 | €61,375 | -€103,571 | -62.8% |
| Amounts payable within one year | 42/48 | €24,728 | €11,119 | -€13,609 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €22,102 | €9,903 | -€12,198 | -55.2% |
| Taxes, remuneration and social security | 45 | - | €1,152 | +€1,152 | |
| Taxes | 450/3 | - | €1,152 | +€1,152 | |
| Other amounts payable | 47/48 | €2,626 | €64 | -€2,563 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,964 | €10,217 | -€5,747 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,715 | +€2,715 | |
| Other operating charges | 640/8 | €2,626 | - | -€2,626 | |
| Gross operating margin | 9900 | €36,771 | €45,104 | +€8,332 | +22.7% |
| Operating profit (loss) | 9901 | €18,182 | €32,172 | +€13,990 | +76.9% |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €7,965 | €9,138 | +€1,173 | +14.7% |
| Recurring financial charges | 65 | €7,965 | €9,138 | +€1,173 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €10,255 | €23,035 | +€12,779 | +124.6% |
| Income taxes | 67/77 | - | €1,152 | +€1,152 | |
| Profit (loss) for the period | 9904 | €10,255 | €21,883 | +€11,627 | +113.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,255 | €21,883 | +€11,627 | +113.4% |
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 7 October 2026 via checked.be.