VARME: what changed
Two fiscal 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.
VARME
Largest movements
- Receivables within one year +€23,812
up €23,812 (+55.8%), from €42,708 to €66,520
of which Trade receivables: +€27,699
- Tangible fixed assets +€5,205
up €5,205 (+418.8%), from €1,243 to €6,448
of which Furniture and vehicles: +€5,348
- Current investments +€4,912
up €4,912 (+16.5%), from €29,696 to €34,608
- Trade debts +€25,674
up €25,674 (+62.6%), from €41,019 to €66,693
- Debts after one year +€4,316
new in 2024: €4,316
- Current portion of long-term debt +€2,195
new in 2024: €2,195
- Staff costs +€10,830
up €10,830 (+901.3%), from €1,202 to €12,032
- Gross operating margin -€7,184
down €7,184 (-30.2%), from €23,813 to €16,629
- Taxes -€5,466
down €5,466 (-91.6%), from €5,970 to €503
- Financial income -€2,612
down €2,612 (-97.2%), from €2,689 to €76
- Financial charges +€511
up €511 (+451.7%), from €113 to €624
From the 2023 result to the 2024 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,931 | €128,927 | +€32,996 | +34.4% |
| Fixed assets | 21/28 | €4,412 | €8,803 | +€4,391 | +99.5% |
| Intangible fixed assets | 21 | €3,169 | €2,231 | -€938 | -29.6% |
| Tangible fixed assets | 22/27 | €1,243 | €6,448 | +€5,205 | +418.8% |
| Plant, machinery and equipment | 23 | €142 | - | -€142 | |
| Furniture and vehicles | 24 | €1,100 | €6,448 | +€5,348 | +485.9% |
| Financial fixed assets | 28 | - | €124 | +€124 | |
| Current assets | 29/58 | €91,519 | €120,125 | +€28,605 | +31.3% |
| Stocks and contracts in progress | 3 | €18,007 | €18,007 | = | 0.0% |
| Stocks | 30/36 | €18,007 | €18,007 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,708 | €66,520 | +€23,812 | +55.8% |
| Trade receivables | 40 | €30,968 | €58,667 | +€27,699 | +89.4% |
| Other amounts receivable | 41 | €11,740 | €7,853 | -€3,887 | -33.1% |
| Current investments | 50/53 | €29,696 | €34,608 | +€4,912 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,109 | €990 | -€119 | -10.7% |
| Total equity and liabilities | 10/49 | €95,931 | €128,927 | +€32,996 | +34.4% |
| Equity | 10/15 | €44,579 | €45,455 | +€876 | +2.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,579 | €33,455 | +€876 | +2.7% |
| Amounts payable | 17/49 | €51,352 | €83,472 | +€32,120 | +62.5% |
| Amounts payable after more than one year | 17 | - | €4,316 | +€4,316 | |
| Financial debts | 170/4 | - | €4,316 | +€4,316 | |
| Amounts payable within one year | 42/48 | €50,760 | €78,745 | +€27,985 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,195 | +€2,195 | |
| Trade debts | 44 | €41,019 | €66,693 | +€25,674 | +62.6% |
| Suppliers | 440/4 | €41,019 | €66,693 | +€25,674 | +62.6% |
| Taxes, remuneration and social security | 45 | €7,379 | €7,768 | +€389 | +5.3% |
| Taxes | 450/3 | €5,968 | €7,768 | +€1,801 | +30.2% |
| Remuneration and social security | 454/9 | €1,411 | - | -€1,411 | |
| Other amounts payable | 47/48 | €2,363 | €2,089 | -€274 | -11.6% |
| Accrued charges and deferred income | 492/3 | €592 | €412 | -€180 | -30.4% |
| Remuneration, social security and pensions | 62 | €1,202 | €12,032 | +€10,830 | +901.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | €2,257 | +€116 | +5.4% |
| Other operating charges | 640/8 | €128 | €412 | +€283 | +220.6% |
| Gross operating margin | 9900 | €23,813 | €16,629 | -€7,184 | -30.2% |
| Operating profit (loss) | 9901 | €20,342 | €1,928 | -€18,414 | -90.5% |
| Financial income | 75/76B | €2,689 | €76 | -€2,612 | -97.2% |
| Recurring financial income | 75 | €2,689 | €76 | -€2,612 | -97.2% |
| Financial charges | 65/66B | €113 | €624 | +€511 | +451.7% |
| Recurring financial charges | 65 | €113 | €624 | +€511 | +451.7% |
| Profit (loss) for the period before taxes | 9903 | €22,917 | €1,380 | -€21,538 | -94.0% |
| Income taxes | 67/77 | €5,970 | €503 | -€5,466 | -91.6% |
| Profit (loss) for the period | 9904 | €16,947 | €876 | -€16,071 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,947 | €876 | -€16,071 | -94.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.