VARMETA: 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.
VARMETA
Largest movements
- Deferred charges and accrued income +€90,000
new in 2025: €90,000
- Cash -€43,529
down €43,529 (-80.2%), from €54,251 to €10,722
mainly Deferred charges and accrued income (-€90,000) and Other debts (-€16,164)
- Receivables within one year -€17,259
down €17,259 (-17.8%), from €97,096 to €79,838
of which Trade receivables: -€40,148
- Profit (loss) carried forward +€40,193
up €40,193 (+38.8%), from €103,599 to €143,792
- Other debts -€16,164
no longer reported in 2025 (was €16,164)
- Tax, wage and social debts +€4,737
up €4,737 (+16.2%), from €29,225 to €33,962
- Gross operating margin -€45,262
down €45,262 (-44.1%), from €102,709 to €57,447
- Taxes -€11,782
down €11,782 (-44.3%), from €26,622 to €14,840
- Financial charges +€2,715
up €2,715 (+1,440%), from €189 to €2,904
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 | €151,347 | €180,560 | +€29,213 | +19.3% |
| Current assets | 29/58 | €151,347 | €180,560 | +€29,213 | +19.3% |
| Amounts receivable within one year | 40/41 | €97,096 | €79,838 | -€17,259 | -17.8% |
| Trade receivables | 40 | €97,096 | €56,948 | -€40,148 | -41.3% |
| Other amounts receivable | 41 | - | €22,890 | +€22,890 | |
| Cash at bank and in hand | 54/58 | €54,251 | €10,722 | -€43,529 | -80.2% |
| Deferred charges and accrued income | 490/1 | - | €90,000 | +€90,000 | |
| Total equity and liabilities | 10/49 | €151,347 | €180,560 | +€29,213 | +19.3% |
| Equity | 10/15 | €105,599 | €145,792 | +€40,193 | +38.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,599 | €143,792 | +€40,193 | +38.8% |
| Amounts payable | 17/49 | €45,748 | €34,768 | -€10,980 | -24.0% |
| Amounts payable within one year | 42/48 | €45,748 | €34,768 | -€10,980 | -24.0% |
| Trade debts | 44 | €358 | €805 | +€447 | +125% |
| Suppliers | 440/4 | €358 | €805 | +€447 | +125% |
| Taxes, remuneration and social security | 45 | €29,225 | €33,962 | +€4,737 | +16.2% |
| Taxes | 450/3 | €29,225 | €33,962 | +€4,737 | +16.2% |
| Other amounts payable | 47/48 | €16,164 | - | -€16,164 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €102,709 | €57,447 | -€45,262 | -44.1% |
| Operating profit (loss) | 9901 | €102,591 | €57,327 | -€45,264 | -44.1% |
| Financial income | 75/76B | - | €610 | +€610 | |
| Recurring financial income | 75 | - | €610 | +€610 | |
| Financial charges | 65/66B | €189 | €2,904 | +€2,715 | +1,440% |
| Recurring financial charges | 65 | €189 | €2,904 | +€2,715 | +1,440% |
| Profit (loss) for the period before taxes | 9903 | €102,403 | €55,033 | -€47,369 | -46.3% |
| Income taxes | 67/77 | €26,622 | €14,840 | -€11,782 | -44.3% |
| Profit (loss) for the period | 9904 | €75,781 | €40,193 | -€35,588 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,781 | €40,193 | -€35,588 | -47.0% |
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 18 October 2026 via checked.be.