VARIA: 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.
VARIA
Largest movements
- Cash -€37,697
down €37,697 (-35.7%), from €105,728 to €68,031
mainly Contributions, distributions and other (-€173,803) and Other debts (-€160,865)
- Tangible fixed assets -€17,767
down €17,767 (-9.9%), from €179,638 to €161,871
of which Leasing and similar rights: -€9,906
- Receivables within one year -€12,904
down €12,904 (-4.6%), from €282,798 to €269,894
of which Trade receivables: -€52,904
- Other debts -€160,865
down €160,865 (-50.1%), from €320,865 to €160,000
- Reserves +€98,259
up €98,259 (+35.0%), from €280,836 to €379,095
- Contributions -€13,803
down €13,803 (-69.0%), from €20,000 to €6,197
- Trade debts +€10,267
up €10,267 (+10.3%), from €99,332 to €109,599
- Gross operating margin -€74,589
down €74,589 (-9.2%), from €811,601 to €737,012
- Taxes -€63,664
down €63,664 (-57.2%), from €111,346 to €47,682
- Staff costs +€36,325
up €36,325 (+11.3%), from €321,277 to €357,602
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 | €811,815 | €737,243 | -€74,572 | -9.2% |
| Fixed assets | 21/28 | €179,638 | €161,871 | -€17,767 | -9.9% |
| Tangible fixed assets | 22/27 | €179,638 | €161,871 | -€17,767 | -9.9% |
| Land and buildings | 22 | €42,977 | €36,472 | -€6,505 | -15.1% |
| Plant, machinery and equipment | 23 | €110,683 | €115,223 | +€4,540 | +4.1% |
| Furniture and vehicles | 24 | €16,073 | €10,176 | -€5,897 | -36.7% |
| Leasing and similar rights | 25 | €9,906 | €0 | -€9,906 | -100.0% |
| Current assets | 29/58 | €632,176 | €575,371 | -€56,805 | -9.0% |
| Stocks and contracts in progress | 3 | €240,060 | €234,168 | -€5,892 | -2.5% |
| Stocks | 30/36 | €240,060 | €234,168 | -€5,892 | -2.5% |
| Amounts receivable within one year | 40/41 | €282,798 | €269,894 | -€12,904 | -4.6% |
| Trade receivables | 40 | €282,798 | €229,894 | -€52,904 | -18.7% |
| Other amounts receivable | 41 | €0 | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €105,728 | €68,031 | -€37,697 | -35.7% |
| Deferred charges and accrued income | 490/1 | €3,590 | €3,278 | -€313 | -8.7% |
| Total equity and liabilities | 10/49 | €811,815 | €737,243 | -€74,572 | -9.2% |
| Equity | 10/15 | €300,836 | €385,293 | +€84,456 | +28.1% |
| Contributions | 10/11 | €20,000 | €6,197 | -€13,803 | -69.0% |
| Reserves | 13 | €280,836 | €379,095 | +€98,259 | +35.0% |
| Distributable reserves | 133 | €280,836 | €379,095 | +€98,259 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €510,978 | €351,950 | -€159,028 | -31.1% |
| Amounts payable after more than one year | 17 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Financial debts | 170/4 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Amounts payable within one year | 42/48 | €492,978 | €339,950 | -€153,028 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €9,725 | €6,000 | -€3,725 | -38.3% |
| Trade debts | 44 | €99,332 | €109,599 | +€10,267 | +10.3% |
| Suppliers | 440/4 | €99,332 | €109,599 | +€10,267 | +10.3% |
| Taxes, remuneration and social security | 45 | €63,057 | €64,351 | +€1,294 | +2.1% |
| Taxes | 450/3 | €19,057 | €12,894 | -€6,163 | -32.3% |
| Remuneration and social security | 454/9 | €43,999 | €51,457 | +€7,458 | +16.9% |
| Other amounts payable | 47/48 | €320,865 | €160,000 | -€160,865 | -50.1% |
| Remuneration, social security and pensions | 62 | €321,277 | €357,602 | +€36,325 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,187 | €45,536 | -€6,650 | -12.7% |
| Other operating charges | 640/8 | €15,227 | €15,570 | +€344 | +2.3% |
| Non-recurring operating charges | 66A | - | €10,017 | +€10,017 | |
| Gross operating margin | 9900 | €811,601 | €737,012 | -€74,589 | -9.2% |
| Operating profit (loss) | 9901 | €422,910 | €308,286 | -€114,625 | -27.1% |
| Financial income | 75/76B | €11,832 | €11,746 | -€86 | -0.7% |
| Recurring financial income | 75 | €11,832 | €11,746 | -€86 | -0.7% |
| Financial charges | 65/66B | €14,871 | €14,091 | -€780 | -5.2% |
| Recurring financial charges | 65 | €14,871 | €14,091 | -€780 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €419,871 | €305,941 | -€113,931 | -27.1% |
| Income taxes | 67/77 | €111,346 | €47,682 | -€63,664 | -57.2% |
| Profit (loss) for the period | 9904 | €308,525 | €258,259 | -€50,267 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,525 | €258,259 | -€50,267 | -16.3% |
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 11 October 2026 via checked.be.