VARIMA: 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.
VARIMA
Largest movements
- Receivables within one year +€18,400
up €18,400 (+3.5%), from €532,182 to €550,582
of which Trade receivables: +€78,045
- Advances received -€288,118
down €288,118 (-60.7%), from €474,811 to €186,693
- Other debts +€190,000
new in 2025: €190,000
- Trade debts +€63,611
up €63,611 (+271%), from €23,431 to €87,042
- Profit (loss) carried forward +€35,272
no longer reported in 2025 (was -€35,272)
- Accrued charges and deferred income +€20,896
up €20,896 (+4,179%), from €500 to €21,396
- Gross operating margin +€306,383
up €306,383, from -€17,368 to €289,015
- Taxes +€62,001
new in 2025: €62,001
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 | €546,099 | €562,454 | +€16,355 | +3.0% |
| Current assets | 29/58 | €546,099 | €562,454 | +€16,355 | +3.0% |
| Amounts receivable within one year | 40/41 | €532,182 | €550,582 | +€18,400 | +3.5% |
| Trade receivables | 40 | €182 | €78,227 | +€78,045 | +43,000% |
| Other amounts receivable | 41 | €532,000 | €472,355 | -€59,645 | -11.2% |
| Cash at bank and in hand | 54/58 | €5,538 | €3,323 | -€2,215 | -40.0% |
| Deferred charges and accrued income | 490/1 | €8,379 | €8,550 | +€171 | +2.0% |
| Total equity and liabilities | 10/49 | €546,099 | €562,454 | +€16,355 | +3.0% |
| Equity | 10/15 | €40,188 | €76,530 | +€36,342 | +90.4% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Capital | 10 | €68,600 | €68,600 | = | 0.0% |
| Issued capital | 100 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €7,930 | +€1,070 | +15.6% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Legal reserve | 130 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | - | €1,070 | +€1,070 | |
| Profit (loss) carried forward | 14 | -€35,272 | - | +€35,272 | |
| Amounts payable | 17/49 | €505,912 | €485,924 | -€19,987 | -4.0% |
| Amounts payable within one year | 42/48 | €505,412 | €464,529 | -€40,883 | -8.1% |
| Trade debts | 44 | €23,431 | €87,042 | +€63,611 | +271% |
| Suppliers | 440/4 | €23,431 | €87,042 | +€63,611 | +271% |
| Advances received on contracts in progress | 46 | €474,811 | €186,693 | -€288,118 | -60.7% |
| Taxes, remuneration and social security | 45 | €7,170 | €794 | -€6,376 | -88.9% |
| Taxes | 450/3 | €7,170 | €794 | -€6,376 | -88.9% |
| Other amounts payable | 47/48 | - | €190,000 | +€190,000 | |
| Accrued charges and deferred income | 492/3 | €500 | €21,396 | +€20,896 | +4,179% |
| Other operating charges | 640/8 | €261 | €409 | +€148 | +56.9% |
| Gross operating margin | 9900 | -€17,368 | €289,015 | +€306,383 | |
| Operating profit (loss) | 9901 | -€17,629 | €288,606 | +€306,235 | |
| Financial income | 75/76B | €698 | €25 | -€673 | -96.4% |
| Recurring financial income | 75 | €698 | €25 | -€673 | -96.4% |
| Financial charges | 65/66B | €246 | €287 | +€41 | +16.7% |
| Recurring financial charges | 65 | €246 | €287 | +€41 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,177 | €288,344 | +€305,520 | |
| Income taxes | 67/77 | - | €62,001 | +€62,001 | |
| Profit (loss) for the period | 9904 | -€17,177 | €226,342 | +€243,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,177 | €226,342 | +€243,519 |
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 14 October 2026 via checked.be.