VARESE: 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.
VARESE
Largest movements
- Tangible fixed assets +€12,193
up €12,193 (+58.6%), from €20,819 to €33,012
of which Furniture and vehicles: +€13,893
- Stocks and contracts +€6,428
up €6,428 (+12.7%), from €50,465 to €56,893
- Deferred charges and accrued income -€4,000
down €4,000 (-20.0%), from €20,000 to €16,000
- Receivables within one year -€1,190
down €1,190 (-26.3%), from €4,528 to €3,338
of which Trade receivables: -€1,288
- Debts after one year +€23,684
up €23,684 (+13351.4%), from €177 to €23,861
- Profit (loss) carried forward -€18,704
down €18,704 (-97.2%), from €19,249 to €545
- Current portion of long-term debt +€5,655
up €5,655 (+269.5%), from €2,098 to €7,753
- Tax, wage and social debts +€5,458
up €5,458 (+63.3%), from €8,623 to €14,081
of which Taxes: +€3,958
- Trade debts -€4,066
down €4,066 (-12.0%), from €33,898 to €29,832
- Gross operating margin -€36,171
down €36,171, from €33,946 to -€2,226
- Staff costs -€7,275
down €7,275 (-97.3%), from €7,476 to €201
- Depreciation +€5,164
up €5,164 (+182.0%), from €2,837 to €8,001
- Financial charges +€3,915
up €3,915 (+562.8%), from €696 to €4,611
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 | €99,512 | €112,077 | +€12,565 | +12.6% |
| Fixed assets | 21/28 | €20,819 | €33,012 | +€12,193 | +58.6% |
| Tangible fixed assets | 22/27 | €20,819 | €33,012 | +€12,193 | +58.6% |
| Plant, machinery and equipment | 23 | €10,947 | €9,247 | -€1,700 | -15.5% |
| Furniture and vehicles | 24 | €9,871 | €23,765 | +€13,893 | +140.7% |
| Current assets | 29/58 | €78,693 | €79,066 | +€372 | +0.5% |
| Stocks and contracts in progress | 3 | €50,465 | €56,893 | +€6,428 | +12.7% |
| Stocks | 30/36 | €50,465 | €56,893 | +€6,428 | +12.7% |
| Amounts receivable within one year | 40/41 | €4,528 | €3,338 | -€1,190 | -26.3% |
| Trade receivables | 40 | €4,414 | €3,127 | -€1,288 | -29.2% |
| Other amounts receivable | 41 | €114 | €212 | +€98 | +85.5% |
| Cash at bank and in hand | 54/58 | €3,700 | €2,834 | -€865 | -23.4% |
| Deferred charges and accrued income | 490/1 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Total equity and liabilities | 10/49 | €99,512 | €112,077 | +€12,565 | +12.6% |
| Equity | 10/15 | €47,593 | €28,890 | -€18,704 | -39.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €7,893 | €7,893 | = | 0.0% |
| Distributable reserves | 133 | €7,893 | €7,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,249 | €545 | -€18,704 | -97.2% |
| Amounts payable | 17/49 | €51,919 | €83,188 | +€31,269 | +60.2% |
| Amounts payable after more than one year | 17 | €177 | €23,861 | +€23,684 | +13351.4% |
| Financial debts | 170/4 | €177 | €23,861 | +€23,684 | +13351.4% |
| Amounts payable within one year | 42/48 | €51,741 | €59,327 | +€7,585 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €2,098 | €7,753 | +€5,655 | +269.5% |
| Trade debts | 44 | €33,898 | €29,832 | -€4,066 | -12.0% |
| Suppliers | 440/4 | €33,898 | €29,832 | -€4,066 | -12.0% |
| Taxes, remuneration and social security | 45 | €8,623 | €14,081 | +€5,458 | +63.3% |
| Taxes | 450/3 | €7,123 | €11,081 | +€3,958 | +55.6% |
| Remuneration and social security | 454/9 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Other amounts payable | 47/48 | €7,122 | €7,661 | +€539 | +7.6% |
| Remuneration, social security and pensions | 62 | €7,476 | €201 | -€7,275 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,837 | €8,001 | +€5,164 | +182.0% |
| Other operating charges | 640/8 | €3,798 | €3,666 | -€132 | -3.5% |
| Non-recurring operating charges | 66A | €30,440 | - | -€30,440 | |
| Gross operating margin | 9900 | €33,946 | -€2,226 | -€36,171 | |
| Operating profit (loss) | 9901 | -€10,606 | -€14,093 | -€3,487 | -32.9% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €696 | €4,611 | +€3,915 | +562.8% |
| Recurring financial charges | 65 | €696 | €4,611 | +€3,915 | +562.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,280 | -€18,704 | -€7,423 | -65.8% |
| Income taxes | 67/77 | €187 | - | -€187 | |
| Profit (loss) for the period | 9904 | -€11,467 | -€18,704 | -€7,237 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,467 | -€18,704 | -€7,237 | -63.1% |
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.