VARGA COOLING: 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 COOLING
Largest movements
- Tangible fixed assets +€14,962
up €14,962 (+51.1%), from €29,297 to €44,258
of which Plant, machinery and equipment: +€9,323
- Cash +€10,198
up €10,198 (+2,471%), from €413 to €10,611
mainly Other debts (+€49,484) and Trade debts (+€17,208)
- Receivables within one year -€3,796
down €3,796 (-14.7%), from €25,812 to €22,016
of which Trade receivables: -€6,621
- Other debts +€49,484
up €49,484 (+201%), from €24,599 to €74,083
- Profit (loss) carried forward -€45,105
new in 2025: -€45,105
- Trade debts +€17,208
up €17,208 (+4,028%), from €427 to €17,635
- Accrued charges and deferred income -€924
no longer reported in 2025 (was €924)
- Gross operating margin -€35,342
down €35,342, from €20,601 to -€14,741
- Other operating charges +€18,868
up €18,868 (+1,604%), from €1,176 to €20,044
- Depreciation +€3,479
up €3,479 (+52.5%), from €6,622 to €10,101
- Taxes -€286
down €286, from €286 to -€0
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 | €57,218 | €77,861 | +€20,644 | +36.1% |
| Fixed assets | 21/28 | €29,297 | €44,258 | +€14,962 | +51.1% |
| Tangible fixed assets | 22/27 | €29,297 | €44,258 | +€14,962 | +51.1% |
| Plant, machinery and equipment | 23 | €62 | €9,385 | +€9,323 | +15,021% |
| Furniture and vehicles | 24 | €29,234 | €34,873 | +€5,638 | +19.3% |
| Current assets | 29/58 | €27,921 | €33,603 | +€5,682 | +20.4% |
| Amounts receivable within one year | 40/41 | €25,812 | €22,016 | -€3,796 | -14.7% |
| Trade receivables | 40 | €24,388 | €17,767 | -€6,621 | -27.1% |
| Other amounts receivable | 41 | €1,424 | €4,249 | +€2,825 | +198% |
| Cash at bank and in hand | 54/58 | €413 | €10,611 | +€10,198 | +2,471% |
| Deferred charges and accrued income | 490/1 | €1,696 | €976 | -€720 | -42.5% |
| Total equity and liabilities | 10/49 | €57,218 | €77,861 | +€20,644 | +36.1% |
| Equity | 10/15 | €30,962 | -€14,143 | -€45,105 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,362 | €12,362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,502 | €10,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€45,105 | -€45,105 | |
| Amounts payable | 17/49 | €26,256 | €92,004 | +€65,748 | +250% |
| Amounts payable within one year | 42/48 | €25,332 | €92,004 | +€66,672 | +263% |
| Trade debts | 44 | €427 | €17,635 | +€17,208 | +4,028% |
| Suppliers | 440/4 | €427 | €17,635 | +€17,208 | +4,028% |
| Taxes, remuneration and social security | 45 | €306 | €286 | -€20 | -6.5% |
| Taxes | 450/3 | €306 | €286 | -€20 | -6.5% |
| Other amounts payable | 47/48 | €24,599 | €74,083 | +€49,484 | +201% |
| Accrued charges and deferred income | 492/3 | €924 | - | -€924 | |
| Non-recurring operating income | 76A | - | €406 | +€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,622 | €10,101 | +€3,479 | +52.5% |
| Other operating charges | 640/8 | €1,176 | €20,044 | +€18,868 | +1,604% |
| Gross operating margin | 9900 | €20,601 | -€14,741 | -€35,342 | |
| Operating profit (loss) | 9901 | €12,803 | -€44,886 | -€57,688 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €301 | €219 | -€82 | -27.2% |
| Recurring financial charges | 65 | €301 | €219 | -€82 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €12,502 | -€45,105 | -€57,607 | |
| Income taxes | 67/77 | €286 | -€0 | -€286 | |
| Profit (loss) for the period | 9904 | €12,216 | -€45,105 | -€57,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,216 | -€45,105 | -€57,320 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.