VARGA CONSULTING: what changed
Two financial 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.
VARGA CONSULTING
Largest movements
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets +€32,177
up €32,177 (+5.1%), from €636,206 to €668,382
of which Land and buildings: +€49,923
- Cash -€15,178
down €15,178 (-49.6%), from €30,620 to €15,442
mainly Investment in fixed assets (net) (-€116,982) and Debts after one year (-€31,356)
- Receivables within one year +€8,863
up €8,863 (+26.7%), from €33,179 to €42,041
of which Trade receivables: +€9,430
- Debts after one year -€31,356
down €31,356 (-8.6%), from €363,857 to €332,501
- Profit (loss) carried forward +€27,772
up €27,772 (+9.7%), from €286,962 to €314,733
- Other debts -€13,000
no longer reported in 2025 (was €13,000)
- Depreciation +€29,765
up €29,765 (+54.1%), from €55,041 to €84,806
- Gross operating margin -€28,507
down €28,507 (-16.4%), from €173,444 to €144,937
- Taxes -€13,681
down €13,681 (-60.4%), from €22,649 to €8,968
- Other operating charges +€7,950
up €7,950 (+113%), from €7,021 to €14,971
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.
Derived cash bridge
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 | €828,646 | €819,416 | -€9,230 | -1.1% |
| Fixed assets | 21/28 | €636,206 | €668,382 | +€32,177 | +5.1% |
| Tangible fixed assets | 22/27 | €636,206 | €668,382 | +€32,177 | +5.1% |
| Land and buildings | 22 | €581,677 | €631,600 | +€49,923 | +8.6% |
| Furniture and vehicles | 24 | €48,738 | €33,022 | -€15,716 | -32.2% |
| Other tangible fixed assets | 26 | €5,790 | €3,760 | -€2,030 | -35.1% |
| Current assets | 29/58 | €192,440 | €151,033 | -€41,407 | -21.5% |
| Stocks and contracts in progress | 3 | €86,219 | €87,938 | +€1,719 | +2.0% |
| Stocks | 30/36 | €86,219 | €87,938 | +€1,719 | +2.0% |
| Amounts receivable within one year | 40/41 | €33,179 | €42,041 | +€8,863 | +26.7% |
| Trade receivables | 40 | €30,690 | €40,120 | +€9,430 | +30.7% |
| Other amounts receivable | 41 | €2,488 | €1,921 | -€567 | -22.8% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €30,620 | €15,442 | -€15,178 | -49.6% |
| Deferred charges and accrued income | 490/1 | €2,422 | €5,612 | +€3,190 | +132% |
| Total equity and liabilities | 10/49 | €828,646 | €819,416 | -€9,230 | -1.1% |
| Equity | 10/15 | €400,187 | €427,959 | +€27,772 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,626 | €94,626 | = | 0.0% |
| Distributable reserves | 133 | €94,626 | €94,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,962 | €314,733 | +€27,772 | +9.7% |
| Amounts payable | 17/49 | €428,458 | €391,456 | -€37,002 | -8.6% |
| Amounts payable after more than one year | 17 | €363,857 | €332,501 | -€31,356 | -8.6% |
| Financial debts | 170/4 | €363,857 | €332,501 | -€31,356 | -8.6% |
| Amounts payable within one year | 42/48 | €63,563 | €56,811 | -€6,751 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €31,582 | €31,422 | -€160 | -0.5% |
| Financial debts | 43 | €1,027 | €1,027 | = | 0.0% |
| Credit institutions | 430/8 | €1,027 | €1,027 | = | 0.0% |
| Trade debts | 44 | €280 | €3,920 | +€3,640 | +1,301% |
| Suppliers | 440/4 | €280 | €3,920 | +€3,640 | +1,301% |
| Taxes, remuneration and social security | 45 | €17,675 | €20,444 | +€2,769 | +15.7% |
| Taxes | 450/3 | €13,675 | €20,444 | +€6,769 | +49.5% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €13,000 | - | -€13,000 | |
| Accrued charges and deferred income | 492/3 | €1,039 | €2,145 | +€1,106 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,041 | €84,806 | +€29,765 | +54.1% |
| Other operating charges | 640/8 | €7,021 | €14,971 | +€7,950 | +113% |
| Gross operating margin | 9900 | €173,444 | €144,937 | -€28,507 | -16.4% |
| Operating profit (loss) | 9901 | €111,382 | €45,160 | -€66,222 | -59.5% |
| Financial income | 75/76B | €304 | €108 | -€196 | -64.5% |
| Recurring financial income | 75 | €304 | €108 | -€196 | -64.5% |
| Financial charges | 65/66B | €7,130 | €8,528 | +€1,399 | +19.6% |
| Recurring financial charges | 65 | €7,130 | €8,528 | +€1,399 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €104,556 | €36,740 | -€67,817 | -64.9% |
| Income taxes | 67/77 | €22,649 | €8,968 | -€13,681 | -60.4% |
| Profit (loss) for the period | 9904 | €81,907 | €27,772 | -€54,136 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,907 | €27,772 | -€54,136 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.