VARM (Automated Solutions): 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.
VARM (Automated Solutions)
Largest movements
- Receivables within one year +€23,874
up €23,874 (+49.2%), from €48,487 to €72,361
of which Other amounts receivable: +€27,822
- Tangible fixed assets -€14,404
down €14,404 (-23.1%), from €62,411 to €48,007
of which Furniture and vehicles: -€14,191
- Cash -€2,418
down €2,418 (-7.3%), from €33,310 to €30,892
mainly Receivables within one year (-€23,874) and Debts after one year (-€17,822)
- Reserves +€21,298
up €21,298 (+30.5%), from €69,763 to €91,061
- Debts after one year -€17,822
down €17,822 (-56.4%), from €31,596 to €13,774
- Tax, wage and social debts +€3,373
up €3,373 (+45.8%), from €7,361 to €10,735
- Gross operating margin -€11,726
down €11,726 (-19.4%), from €60,402 to €48,676
- Taxes -€2,053
down €2,053 (-22.1%), from €9,293 to €7,240
- Financial income +€1,491
up €1,491 (+4,125%), from €36 to €1,527
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 | €145,346 | €152,660 | +€7,313 | +5.0% |
| Fixed assets | 21/28 | €62,411 | €48,007 | -€14,404 | -23.1% |
| Tangible fixed assets | 22/27 | €62,411 | €48,007 | -€14,404 | -23.1% |
| Plant, machinery and equipment | 23 | €291 | €78 | -€213 | -73.1% |
| Furniture and vehicles | 24 | €62,120 | €47,929 | -€14,191 | -22.8% |
| Current assets | 29/58 | €82,935 | €104,653 | +€21,718 | +26.2% |
| Amounts receivable within one year | 40/41 | €48,487 | €72,361 | +€23,874 | +49.2% |
| Trade receivables | 40 | €32,639 | €28,691 | -€3,947 | -12.1% |
| Other amounts receivable | 41 | €15,848 | €43,670 | +€27,822 | +176% |
| Cash at bank and in hand | 54/58 | €33,310 | €30,892 | -€2,418 | -7.3% |
| Deferred charges and accrued income | 490/1 | €1,139 | €1,400 | +€261 | +23.0% |
| Total equity and liabilities | 10/49 | €145,346 | €152,660 | +€7,313 | +5.0% |
| Equity | 10/15 | €88,363 | €109,661 | +€21,298 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,763 | €91,061 | +€21,298 | +30.5% |
| Distributable reserves | 133 | €69,763 | €91,061 | +€21,298 | +30.5% |
| Amounts payable | 17/49 | €56,984 | €42,999 | -€13,985 | -24.5% |
| Amounts payable after more than one year | 17 | €31,596 | €13,774 | -€17,822 | -56.4% |
| Financial debts | 170/4 | €31,596 | €13,774 | -€17,822 | -56.4% |
| Amounts payable within one year | 42/48 | €25,388 | €29,225 | +€3,837 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €17,221 | €17,822 | +€601 | +3.5% |
| Trade debts | 44 | €805 | €668 | -€137 | -17.0% |
| Suppliers | 440/4 | €805 | €668 | -€137 | -17.0% |
| Taxes, remuneration and social security | 45 | €7,361 | €10,735 | +€3,373 | +45.8% |
| Taxes | 450/3 | €7,361 | €10,735 | +€3,373 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,050 | €19,102 | +€51 | +0.3% |
| Other operating charges | 640/8 | €766 | €786 | +€20 | +2.6% |
| Gross operating margin | 9900 | €60,402 | €48,676 | -€11,726 | -19.4% |
| Operating profit (loss) | 9901 | €40,586 | €28,789 | -€11,797 | -29.1% |
| Financial income | 75/76B | €36 | €1,527 | +€1,491 | +4,125% |
| Recurring financial income | 75 | €36 | €1,527 | +€1,491 | +4,125% |
| Financial charges | 65/66B | €2,121 | €1,778 | -€342 | -16.1% |
| Recurring financial charges | 65 | €2,121 | €1,778 | -€342 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €38,502 | €28,538 | -€9,964 | -25.9% |
| Income taxes | 67/77 | €9,293 | €7,240 | -€2,053 | -22.1% |
| Profit (loss) for the period | 9904 | €29,209 | €21,298 | -€7,910 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,209 | €21,298 | -€7,910 | -27.1% |
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 26 October 2026 via checked.be.