VARICON: 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.
VARICON
Largest movements
- Cash +€32,998
up €32,998 (+318.9%), from €10,346 to €43,344
mainly Net result for the year (+€22,148) and Tax, wage and social debts (+€6,785)
- Receivables within one year -€6,103
down €6,103 (-26.0%), from €23,494 to €17,391
of which Trade receivables: -€12,671
- Reserves +€26,066
new in 2025: €26,066
- Tax, wage and social debts +€6,785
up €6,785 (+75.7%), from €8,965 to €15,750
- Profit (loss) carried forward -€3,918
down €3,918 (-100.0%), from €3,918 to €0
- Other debts -€1,928
down €1,928 (-10.6%), from €18,273 to €16,344
- Taxes +€3,912
up €3,912 (+195.3%), from €2,003 to €5,915
- Gross operating margin -€2,310
down €2,310 (-7.3%), from €31,735 to €29,425
- Other operating charges +€528
up €528 (+185.9%), from €284 to €812
- Financial charges -€386
down €386 (-41.1%), from €939 to €553
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 | €34,140 | €61,035 | +€26,895 | +78.8% |
| Fixed assets | 21/28 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €33,840 | €60,735 | +€26,895 | +79.5% |
| Amounts receivable within one year | 40/41 | €23,494 | €17,391 | -€6,103 | -26.0% |
| Trade receivables | 40 | €23,494 | €10,823 | -€12,671 | -53.9% |
| Other amounts receivable | 41 | - | €6,568 | +€6,568 | |
| Cash at bank and in hand | 54/58 | €10,346 | €43,344 | +€32,998 | +318.9% |
| Total equity and liabilities | 10/49 | €34,140 | €61,035 | +€26,895 | +78.8% |
| Equity | 10/15 | €5,918 | €28,066 | +€22,148 | +374.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €26,066 | +€26,066 | |
| Distributable reserves | 133 | - | €26,066 | +€26,066 | |
| Profit (loss) carried forward | 14 | €3,918 | €0 | -€3,918 | -100.0% |
| Amounts payable | 17/49 | €28,222 | €32,969 | +€4,747 | +16.8% |
| Amounts payable within one year | 42/48 | €28,222 | €32,969 | +€4,747 | +16.8% |
| Trade debts | 44 | €984 | €874 | -€111 | -11.2% |
| Suppliers | 440/4 | €984 | €874 | -€111 | -11.2% |
| Taxes, remuneration and social security | 45 | €8,965 | €15,750 | +€6,785 | +75.7% |
| Taxes | 450/3 | €8,965 | €15,750 | +€6,785 | +75.7% |
| Other amounts payable | 47/48 | €18,273 | €16,344 | -€1,928 | -10.6% |
| Other operating charges | 640/8 | €284 | €812 | +€528 | +185.9% |
| Gross operating margin | 9900 | €31,735 | €29,425 | -€2,310 | -7.3% |
| Operating profit (loss) | 9901 | €31,451 | €28,612 | -€2,838 | -9.0% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €939 | €553 | -€386 | -41.1% |
| Recurring financial charges | 65 | €939 | €553 | -€386 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €30,512 | €28,064 | -€2,448 | -8.0% |
| Income taxes | 67/77 | €2,003 | €5,915 | +€3,912 | +195.3% |
| Profit (loss) for the period | 9904 | €28,509 | €22,148 | -€6,361 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,509 | €22,148 | -€6,361 | -22.3% |
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 7 October 2026 via checked.be.