VARIOZA: 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.
VARIOZA
Largest movements
- Current investments +€26,187
up €26,187 (+2.9%), from €906,344 to €932,531
- Cash -€16,494
down €16,494 (-24.3%), from €67,823 to €51,329
mainly Current investments (-€26,187) and Receivables within one year (-€12,127)
- Receivables within one year +€12,127
up €12,127 (+215%), from €5,637 to €17,764
of which Other amounts receivable: +€12,475
- Reserves +€15,797
up €15,797 (+1.9%), from €849,626 to €865,422
of which Distributable reserves: +€15,797
- Financial income -€123,270
down €123,270 (-80.0%), from €154,177 to €30,907
- Gross operating margin -€54,649
down €54,649, from €44,209 to -€10,440
- Taxes -€18,923
down €18,923 (-90.4%), from €20,941 to €2,017
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 | €991,212 | €1,007,474 | +€16,262 | +1.6% |
| Fixed assets | 21/28 | €1,283 | €100 | -€1,183 | -92.2% |
| Tangible fixed assets | 22/27 | €1,283 | €100 | -€1,183 | -92.2% |
| Plant, machinery and equipment | 23 | €719 | - | -€719 | |
| Furniture and vehicles | 24 | €564 | €100 | -€464 | -82.2% |
| Current assets | 29/58 | €989,928 | €1,007,373 | +€17,445 | +1.8% |
| Amounts receivable after more than one year | 29 | €3,750 | €3,750 | = | 0.0% |
| Other amounts receivable | 291 | €3,750 | €3,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,637 | €17,764 | +€12,127 | +215% |
| Trade receivables | 40 | €348 | - | -€348 | |
| Other amounts receivable | 41 | €5,289 | €17,764 | +€12,475 | +236% |
| Current investments | 50/53 | €906,344 | €932,531 | +€26,187 | +2.9% |
| Cash at bank and in hand | 54/58 | €67,823 | €51,329 | -€16,494 | -24.3% |
| Deferred charges and accrued income | 490/1 | €6,375 | €2,000 | -€4,375 | -68.6% |
| Total equity and liabilities | 10/49 | €991,212 | €1,007,474 | +€16,262 | +1.6% |
| Equity | 10/15 | €968,226 | €984,022 | +€15,797 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €849,626 | €865,422 | +€15,797 | +1.9% |
| Non-distributable reserves | 130/1 | €24,633 | €24,633 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,633 | €24,633 | = | 0.0% |
| Distributable reserves | 133 | €824,992 | €840,789 | +€15,797 | +1.9% |
| Profit (loss) carried forward | 14 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €22,986 | €23,451 | +€465 | +2.0% |
| Amounts payable within one year | 42/48 | €22,986 | €23,451 | +€465 | +2.0% |
| Trade debts | 44 | €1,712 | €4,447 | +€2,735 | +160% |
| Suppliers | 440/4 | €1,712 | €4,447 | +€2,735 | +160% |
| Taxes, remuneration and social security | 45 | €21,275 | €19,005 | -€2,270 | -10.7% |
| Taxes | 450/3 | €21,275 | €19,005 | -€2,270 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €1,183 | -€424 | -26.4% |
| Other operating charges | 640/8 | €1,343 | €939 | -€404 | -30.1% |
| Gross operating margin | 9900 | €44,209 | -€10,440 | -€54,649 | |
| Operating profit (loss) | 9901 | €41,259 | -€12,562 | -€53,820 | |
| Financial income | 75/76B | €154,177 | €30,907 | -€123,270 | -80.0% |
| Recurring financial income | 75 | €154,177 | €30,907 | -€123,270 | -80.0% |
| Financial charges | 65/66B | €153 | €531 | +€378 | +247% |
| Recurring financial charges | 65 | €153 | €531 | +€378 | +247% |
| Profit (loss) for the period before taxes | 9903 | €195,283 | €17,814 | -€177,468 | -90.9% |
| Income taxes | 67/77 | €20,941 | €2,017 | -€18,923 | -90.4% |
| Profit (loss) for the period | 9904 | €174,342 | €15,797 | -€158,545 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,342 | €15,797 | -€158,545 | -90.9% |
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 24 October 2026 via checked.be.