VariTec: 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.
VariTec
Largest movements
- Cash +€46,684
up €46,684 (+492%), from €9,493 to €56,177
mainly Net result for the year (+€40,509) and Other debts (+€32,965)
- Receivables within one year +€18,174
up €18,174 (+18.1%), from €100,490 to €118,664
of which Other amounts receivable: +€13,539
- Deferred charges and accrued income -€5,231
down €5,231 (-19.7%), from €26,563 to €21,332
- Tangible fixed assets +€4,762
up €4,762 (+16.2%), from €29,384 to €34,147
of which Furniture and vehicles: +€2,683
- Other debts +€32,965
new in 2025: €32,965
- Accrued charges and deferred income +€17,704
new in 2025: €17,704
- Tax, wage and social debts +€9,594
up €9,594 (+40.5%), from €23,680 to €33,274
of which Taxes: +€9,594
- Reserves +€5,800
up €5,800 (+6.0%), from €97,100 to €102,900
- Short-term financial debts -€3,381
no longer reported in 2025 (was €3,381)
- Gross operating margin -€8,987
down €8,987 (-11.6%), from €77,767 to €68,780
- Taxes +€2,967
up €2,967 (+24.4%), from €12,170 to €15,138
- Financial charges +€1,879
up €1,879 (+61.1%), from €3,078 to €4,958
- Depreciation +€1,371
up €1,371 (+29.6%), from €4,631 to €6,002
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 | €206,215 | €270,604 | +€64,390 | +31.2% |
| Fixed assets | 21/28 | €29,669 | €34,432 | +€4,762 | +16.1% |
| Tangible fixed assets | 22/27 | €29,384 | €34,147 | +€4,762 | +16.2% |
| Land and buildings | 22 | €17,185 | €19,843 | +€2,657 | +15.5% |
| Plant, machinery and equipment | 23 | €6,574 | €5,996 | -€578 | -8.8% |
| Furniture and vehicles | 24 | €5,625 | €8,308 | +€2,683 | +47.7% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €176,545 | €236,173 | +€59,627 | +33.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,490 | €118,664 | +€18,174 | +18.1% |
| Trade receivables | 40 | €28,432 | €33,068 | +€4,636 | +16.3% |
| Other amounts receivable | 41 | €72,057 | €85,596 | +€13,539 | +18.8% |
| Cash at bank and in hand | 54/58 | €9,493 | €56,177 | +€46,684 | +492% |
| Deferred charges and accrued income | 490/1 | €26,563 | €21,332 | -€5,231 | -19.7% |
| Total equity and liabilities | 10/49 | €206,215 | €270,604 | +€64,390 | +31.2% |
| Equity | 10/15 | €166,187 | €171,996 | +€5,809 | +3.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €97,100 | €102,900 | +€5,800 | +6.0% |
| Distributable reserves | 133 | €97,100 | €102,900 | +€5,800 | +6.0% |
| Profit (loss) carried forward | 14 | €68,087 | €68,096 | +€9 | 0.0% |
| Amounts payable | 17/49 | €40,028 | €98,609 | +€58,581 | +146% |
| Amounts payable after more than one year | 17 | €3,263 | €1,780 | -€1,483 | -45.4% |
| Financial debts | 170/4 | €3,263 | €1,780 | -€1,483 | -45.4% |
| Amounts payable within one year | 42/48 | €36,765 | €79,125 | +€42,360 | +115% |
| Current portion of amounts payable after more than one year | 42 | €8,240 | €9,750 | +€1,510 | +18.3% |
| Financial debts | 43 | €3,381 | - | -€3,381 | |
| Credit institutions | 430/8 | €3,381 | - | -€3,381 | |
| Trade debts | 44 | €1,464 | €3,135 | +€1,671 | +114% |
| Suppliers | 440/4 | €1,464 | €3,135 | +€1,671 | +114% |
| Taxes, remuneration and social security | 45 | €23,680 | €33,274 | +€9,594 | +40.5% |
| Taxes | 450/3 | €20,980 | €30,574 | +€9,594 | +45.7% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | - | €32,965 | +€32,965 | |
| Accrued charges and deferred income | 492/3 | - | €17,704 | +€17,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,631 | €6,002 | +€1,371 | +29.6% |
| Other operating charges | 640/8 | €2,792 | €2,191 | -€601 | -21.5% |
| Gross operating margin | 9900 | €77,767 | €68,780 | -€8,987 | -11.6% |
| Operating profit (loss) | 9901 | €70,345 | €60,588 | -€9,757 | -13.9% |
| Financial income | 75/76B | €15 | €17 | +€1 | +9.2% |
| Recurring financial income | 75 | €15 | €17 | +€1 | +9.2% |
| Financial charges | 65/66B | €3,078 | €4,958 | +€1,879 | +61.1% |
| Recurring financial charges | 65 | €3,078 | €4,958 | +€1,879 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €67,282 | €55,647 | -€11,635 | -17.3% |
| Income taxes | 67/77 | €12,170 | €15,138 | +€2,967 | +24.4% |
| Profit (loss) for the period | 9904 | €55,111 | €40,509 | -€14,603 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,111 | €40,509 | -€14,603 | -26.5% |
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 14 October 2026 via checked.be.