VAREX GROUP: 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.
VAREX GROUP
Largest movements
- Receivables within one year +€3,306
up €3,306 (+235.8%), from €1,402 to €4,708
of which Trade receivables: +€4,020
- Receivables after one year +€603
up €603 (+17.8%), from €3,382 to €3,985
- Cash -€341
down €341 (-6.4%), from €5,341 to €5,000
mainly Receivables within one year (-€3,306) and Receivables after one year (-€603)
- Trade debts +€2,032
new in 2025: €2,032
- Other debts +€1,500
new in 2025: €1,500
- Gross operating margin +€1,825
up €1,825, from -€1,059 to €765
- Financial charges -€242
down €242 (-84.3%), from €287 to €45
- Other operating charges +€178
up €178 (+32.9%), from €541 to €718
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 | €10,135 | €13,702 | +€3,568 | +35.2% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €10,125 | €13,692 | +€3,568 | +35.2% |
| Amounts receivable after more than one year | 29 | €3,382 | €3,985 | +€603 | +17.8% |
| Other amounts receivable | 291 | €3,382 | €3,985 | +€603 | +17.8% |
| Amounts receivable within one year | 40/41 | €1,402 | €4,708 | +€3,306 | +235.8% |
| Trade receivables | 40 | - | €4,020 | +€4,020 | |
| Other amounts receivable | 41 | €1,402 | €688 | -€714 | -50.9% |
| Cash at bank and in hand | 54/58 | €5,341 | €5,000 | -€341 | -6.4% |
| Total equity and liabilities | 10/49 | €10,135 | €13,702 | +€3,568 | +35.2% |
| Equity | 10/15 | €10,135 | €10,137 | +€2 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,325 | -€10,323 | +€2 | 0.0% |
| Amounts payable | 17/49 | - | €3,566 | +€3,566 | |
| Amounts payable within one year | 42/48 | - | €3,566 | +€3,566 | |
| Trade debts | 44 | - | €2,032 | +€2,032 | |
| Suppliers | 440/4 | - | €2,032 | +€2,032 | |
| Taxes, remuneration and social security | 45 | - | €34 | +€34 | |
| Taxes | 450/3 | - | €34 | +€34 | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €541 | €718 | +€178 | +32.9% |
| Gross operating margin | 9900 | -€1,059 | €765 | +€1,825 | |
| Operating profit (loss) | 9901 | -€1,600 | €47 | +€1,647 | |
| Financial charges | 65/66B | €287 | €45 | -€242 | -84.3% |
| Recurring financial charges | 65 | €287 | €45 | -€242 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,887 | €2 | +€1,889 | |
| Profit (loss) for the period | 9904 | -€1,887 | €2 | +€1,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,887 | €2 | +€1,889 |
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 4 October 2026 via checked.be.