VARIUM: 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.
VARIUM
Largest movements
- Deferred charges and accrued income -€16,570
down €16,570 (-52.3%), from €31,673 to €15,103
- Tangible fixed assets +€15,425
up €15,425 (+93.6%), from €16,479 to €31,904
- Receivables within one year +€11,269
up €11,269 (+20.7%), from €54,366 to €65,636
of which Other amounts receivable: +€11,269
- Cash +€8,591
up €8,591 (+106%), from €8,115 to €16,705
mainly Other debts (+€72,505) and Net result for the year (+€25,995)
- Other debts +€72,505
up €72,505, from €0 to €72,505
- Reserves -€51,551
down €51,551 (-53.2%), from €96,876 to €45,326
of which Distributable reserves: -€51,551
- Trade debts -€3,101
down €3,101 (-80.1%), from €3,873 to €772
- Tax, wage and social debts +€1,847
up €1,847 (+7.7%), from €23,898 to €25,745
- Financial income +€3,330
up €3,330 (+324%), from €1,028 to €4,358
- Depreciation +€1,803
up €1,803 (+51.4%), from €3,510 to €5,313
- Taxes +€1,618
up €1,618 (+9.0%), from €17,893 to €19,510
- Financial charges -€632
down €632 (-26.1%), from €2,424 to €1,792
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 | €135,633 | €154,348 | +€18,714 | +13.8% |
| Fixed assets | 21/28 | €16,479 | €31,904 | +€15,425 | +93.6% |
| Tangible fixed assets | 22/27 | €16,479 | €31,904 | +€15,425 | +93.6% |
| Furniture and vehicles | 24 | €16,479 | €20,154 | +€3,675 | +22.3% |
| Other tangible fixed assets | 26 | - | €6,750 | +€6,750 | |
| Assets under construction and advance payments | 27 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €119,154 | €122,444 | +€3,290 | +2.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,366 | €65,636 | +€11,269 | +20.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €54,366 | €65,636 | +€11,269 | +20.7% |
| Cash at bank and in hand | 54/58 | €8,115 | €16,705 | +€8,591 | +106% |
| Deferred charges and accrued income | 490/1 | €31,673 | €15,103 | -€16,570 | -52.3% |
| Total equity and liabilities | 10/49 | €135,633 | €154,348 | +€18,714 | +13.8% |
| Equity | 10/15 | €106,876 | €55,326 | -€51,551 | -48.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €96,876 | €45,326 | -€51,551 | -53.2% |
| Non-distributable reserves | 130/1 | €1,519 | €1,519 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,519 | €1,519 | = | 0.0% |
| Distributable reserves | 133 | €95,357 | €43,807 | -€51,551 | -54.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,757 | €99,022 | +€70,265 | +244% |
| Amounts payable within one year | 42/48 | €27,771 | €99,022 | +€71,251 | +257% |
| Trade debts | 44 | €3,873 | €772 | -€3,101 | -80.1% |
| Suppliers | 440/4 | €3,873 | €772 | -€3,101 | -80.1% |
| Taxes, remuneration and social security | 45 | €23,898 | €25,745 | +€1,847 | +7.7% |
| Taxes | 450/3 | €23,898 | €25,745 | +€1,847 | +7.7% |
| Other amounts payable | 47/48 | €0 | €72,505 | +€72,505 | |
| Accrued charges and deferred income | 492/3 | €986 | €0 | -€986 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,510 | €5,313 | +€1,803 | +51.4% |
| Other operating charges | 640/8 | €631 | €767 | +€137 | +21.7% |
| Non-recurring operating charges | 66A | €900 | €0 | -€900 | -100% |
| Gross operating margin | 9900 | €49,268 | €49,021 | -€247 | -0.5% |
| Operating profit (loss) | 9901 | €44,228 | €42,940 | -€1,287 | -2.9% |
| Financial income | 75/76B | €1,028 | €4,358 | +€3,330 | +324% |
| Recurring financial income | 75 | €1,028 | €4,358 | +€3,330 | +324% |
| Financial charges | 65/66B | €2,424 | €1,792 | -€632 | -26.1% |
| Recurring financial charges | 65 | €2,424 | €1,792 | -€632 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €42,831 | €45,506 | +€2,675 | +6.2% |
| Income taxes | 67/77 | €17,893 | €19,510 | +€1,618 | +9.0% |
| Profit (loss) for the period | 9904 | €24,938 | €25,995 | +€1,057 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,938 | €25,995 | +€1,057 | +4.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.