Varia-Pack: 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.
What changed
Varia-Pack
NACE 46.493, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€594,838
2024 · €774,241-€179,403
Equity
€6.6m
2024 · €6.6m+€38
Cash
€443,615
2024 · €4.4m-€4.0m
Balance sheet total
€12.3m
2024 · €12.8m-€515,190
Largest movements
Assets
- Cash -€4.0m
down €4.0m (-90.0%), from €4.4m to €443,615
mainly Receivables within one year (-€3.9m) and Contributions, distributions and other (-€594,800)
- Receivables within one year +€3.9m
up €3.9m (+104.4%), from €3.8m to €7.7m
of which Other amounts receivable: +€3.2m
- Stocks and contracts -€321,245
down €321,245 (-8.6%), from €3.7m to €3.4m
Equity and liabilities
- Other debts -€405,200
down €405,200 (-40.5%), from €1.0m to €594,800
Income statement
- Services and other goods +€280,653
up €280,653 (+14.3%), from €2.0m to €2.2m
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.
Result 2024
€774,241
Turnover
-€93,316
Other operating income
+€74,868
Goods and materials
+€38,394
Services and other goods
-€280,653
Staff costs
+€90,537
Depreciation
+€45,963
Write-downs
+€9,527
Other operating charges
-€82,329
Other operating items
-€51,129
Financial income
+€3,302
Financial charges
-€11,738
Taxes
+€77,169
Result 2025
€594,838
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.
From operations
-€3.4m
Investment
-€10,534
Financing
-€594,800
Cash 2024
€4.4m
From operations (derived)
-€3.4m
Net result for the year
+€594,838
Depreciation
+€133,527
Stocks and contracts
+€321,245
Receivables within one year
-€3.9m
Deferred charges and accrued income
-€36
Trade debts
-€21,232
Tax, wage and social debts
-€104,247
Other debts
-€405,200
Accrued charges and deferred income
+€15,451
Investment (derived)
-€10,534
Investment in fixed assets (net)
-€10,534
Financing
-€594,800
Contributions, distributions and other
-€594,800
Cash 2025
€443,615
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,801,662 | €12,286,472 | -€515,190 | -4.0% |
| Fixed assets | 21/28 | €858,011 | €735,018 | -€122,993 | -14.3% |
| Intangible fixed assets | 21 | €32,944 | €23,986 | -€8,958 | -27.2% |
| Tangible fixed assets | 22/27 | €823,167 | €709,267 | -€113,900 | -13.8% |
| Land and buildings | 22 | €508,431 | €464,676 | -€43,755 | -8.6% |
| Plant, machinery and equipment | 23 | €271,086 | €226,911 | -€44,175 | -16.3% |
| Furniture and vehicles | 24 | €43,649 | €4,650 | -€39,000 | -89.3% |
| Assets under construction and advance payments | 27 | - | €13,030 | +€13,030 | |
| Financial fixed assets | 28 | €1,900 | €1,765 | -€135 | -7.1% |
| Other financial fixed assets | 284/8 | €1,900 | €1,765 | -€135 | -7.1% |
| Amounts receivable and cash guarantees | 285/8 | €1,900 | €1,765 | -€135 | -7.1% |
| Current assets | 29/58 | €11,943,652 | €11,551,454 | -€392,197 | -3.3% |
| Stocks and contracts in progress | 3 | €3,746,790 | €3,425,545 | -€321,245 | -8.6% |
| Stocks | 30/36 | €3,746,790 | €3,425,545 | -€321,245 | -8.6% |
| Goods purchased for resale | 34 | €3,746,790 | €3,425,545 | -€321,245 | -8.6% |
| Amounts receivable within one year | 40/41 | €3,755,184 | €7,673,930 | +€3.9m | +104.4% |
| Trade receivables | 40 | €3,753,876 | €4,453,726 | +€699,849 | +18.6% |
| Other amounts receivable | 41 | €1,308 | €3,220,205 | +€3.2m | +246147.6% |
| Cash at bank and in hand | 54/58 | €4,433,350 | €443,615 | -€4.0m | -90.0% |
| Deferred charges and accrued income | 490/1 | €8,328 | €8,364 | +€36 | +0.4% |
| Total equity and liabilities | 10/49 | €12,801,662 | €12,286,472 | -€515,190 | -4.0% |
| Equity | 10/15 | €6,554,096 | €6,554,133 | +€38 | 0.0% |
| Contributions | 10/11 | €1,821,267 | €1,821,267 | = | 0.0% |
| Capital | 10 | €1,821,267 | €1,821,267 | = | 0.0% |
| Issued capital | 100 | €1,821,267 | €1,821,267 | = | 0.0% |
| Reserves | 13 | €817,747 | €817,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €182,127 | €182,127 | = | 0.0% |
| Legal reserve | 130 | €182,127 | €182,127 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,392 | €84,392 | = | 0.0% |
| Distributable reserves | 133 | €551,229 | €551,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,915,081 | €3,915,119 | +€38 | 0.0% |
| Amounts payable | 17/49 | €6,247,567 | €5,732,339 | -€515,228 | -8.2% |
| Amounts payable within one year | 42/48 | €6,247,567 | €5,716,888 | -€530,679 | -8.5% |
| Trade debts | 44 | €4,358,184 | €4,336,952 | -€21,232 | -0.5% |
| Suppliers | 440/4 | €4,358,184 | €4,336,952 | -€21,232 | -0.5% |
| Taxes, remuneration and social security | 45 | €889,383 | €785,136 | -€104,247 | -11.7% |
| Taxes | 450/3 | €420,013 | €386,916 | -€33,097 | -7.9% |
| Remuneration and social security | 454/9 | €469,370 | €398,220 | -€71,150 | -15.2% |
| Other amounts payable | 47/48 | €1,000,000 | €594,800 | -€405,200 | -40.5% |
| Accrued charges and deferred income | 492/3 | - | €15,451 | +€15,451 | |
| Operating income | 70/76A | €23,359,004 | €23,289,427 | -€69,577 | -0.3% |
| Turnover | 70 | €23,149,776 | €23,056,460 | -€93,316 | -0.4% |
| Other operating income | 74 | €123,628 | €198,496 | +€74,868 | +60.6% |
| Non-recurring operating income | 76A | €85,600 | €34,471 | -€51,129 | -59.7% |
| Operating charges | 60/66A | €22,430,531 | €22,609,091 | +€178,560 | +0.8% |
| Goods for resale, raw materials and consumables | 60 | €16,916,015 | €16,877,621 | -€38,394 | -0.2% |
| Purchases | 600/8 | €17,191,716 | €16,580,637 | -€611,079 | -3.6% |
| Change in stocks: decrease (increase) | 609 | -€275,701 | €296,984 | +€572,684 | |
| Services and other goods | 61 | €1,968,061 | €2,248,714 | +€280,653 | +14.3% |
| Remuneration, social security and pensions | 62 | €3,228,314 | €3,137,778 | -€90,537 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,490 | €133,527 | -€45,963 | -25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,718 | -€57,245 | -€9,527 | -20.0% |
| Other operating charges | 640/8 | €186,368 | €268,697 | +€82,329 | +44.2% |
| Operating profit (loss) | 9901 | €928,473 | €680,336 | -€248,137 | -26.7% |
| Financial income | 75/76B | €191,429 | €194,731 | +€3,302 | +1.7% |
| Recurring financial income | 75 | €191,429 | €194,731 | +€3,302 | +1.7% |
| Income from current assets | 751 | €111,205 | €92,656 | -€18,549 | -16.7% |
| Other financial income | 752/9 | €80,223 | €102,075 | +€21,852 | +27.2% |
| Financial charges | 65/66B | €41,856 | €53,594 | +€11,738 | +28.0% |
| Recurring financial charges | 65 | €41,856 | €53,594 | +€11,738 | +28.0% |
| Debt charges | 650 | €15,088 | €21,656 | +€6,568 | +43.5% |
| Other financial charges | 652/9 | €26,768 | €31,938 | +€5,170 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €1,078,046 | €821,473 | -€256,573 | -23.8% |
| Income taxes | 67/77 | €303,804 | €226,635 | -€77,169 | -25.4% |
| Taxes | 670/3 | €303,804 | €226,635 | -€77,169 | -25.4% |
| Profit (loss) for the period | 9904 | €774,241 | €594,838 | -€179,403 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €774,241 | €594,838 | -€179,403 | -23.2% |
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 10 October 2026 via checked.be.