VARO COACHING & CONSULTING: 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.
VARO COACHING & CONSULTING
Largest movements
- Tangible fixed assets -€43,386
down €43,386 (-6.5%), from €663,036 to €619,650
of which Furniture and vehicles: -€31,308
- Cash +€17,046
up €17,046 (+17.4%), from €98,151 to €115,197
mainly Depreciation (+€66,418) and Net result for the year (+€33,603)
- Receivables within one year +€8,999
up €8,999 (+52.5%), from €17,147 to €26,147
of which Trade receivables: +€8,999
- Debts after one year -€49,632
down €49,632 (-13.7%), from €361,879 to €312,246
of which Other amounts payable: -€29,668
- Reserves +€31,937
up €31,937 (+33.6%), from €94,993 to €126,931
of which Distributable reserves: +€31,937
- Accrued charges and deferred income -€10,671
down €10,671 (-27.7%), from €38,497 to €27,826
- Depreciation +€15,950
up €15,950 (+31.6%), from €50,468 to €66,418
- Financial charges -€11,561
down €11,561 (-50.8%), from €22,742 to €11,181
- Gross operating margin -€8,899
down €8,899 (-6.2%), from €144,415 to €135,517
- Staff costs -€8,567
down €8,567 (-98.9%), from €8,659 to €92
- Taxes -€2,076
down €2,076 (-11.6%), from €17,822 to €15,746
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 | €808,841 | €784,153 | -€24,688 | -3.1% |
| Fixed assets | 21/28 | €668,036 | €624,650 | -€43,386 | -6.5% |
| Tangible fixed assets | 22/27 | €663,036 | €619,650 | -€43,386 | -6.5% |
| Land and buildings | 22 | €573,305 | €551,175 | -€22,130 | -3.9% |
| Plant, machinery and equipment | 23 | €4,931 | €15,559 | +€10,629 | +216% |
| Furniture and vehicles | 24 | €83,925 | €52,616 | -€31,308 | -37.3% |
| Other tangible fixed assets | 26 | €875 | €299 | -€576 | -65.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €140,805 | €159,503 | +€18,698 | +13.3% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,147 | €26,147 | +€8,999 | +52.5% |
| Trade receivables | 40 | €11,147 | €20,147 | +€8,999 | +80.7% |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,151 | €115,197 | +€17,046 | +17.4% |
| Deferred charges and accrued income | 490/1 | €25,007 | €17,659 | -€7,348 | -29.4% |
| Total equity and liabilities | 10/49 | €808,841 | €784,153 | -€24,688 | -3.1% |
| Equity | 10/15 | €208,111 | €240,049 | +€31,937 | +15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €94,993 | €126,931 | +€31,937 | +33.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €92,993 | €124,931 | +€31,937 | +34.3% |
| Profit (loss) carried forward | 14 | €93,118 | €93,118 | = | 0.0% |
| Amounts payable | 17/49 | €600,730 | €544,105 | -€56,626 | -9.4% |
| Amounts payable after more than one year | 17 | €361,879 | €312,246 | -€49,632 | -13.7% |
| Financial debts | 170/4 | €195,133 | €175,169 | -€19,964 | -10.2% |
| Other amounts payable | 178/9 | €166,746 | €137,078 | -€29,668 | -17.8% |
| Amounts payable within one year | 42/48 | €200,354 | €204,032 | +€3,678 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €19,746 | €19,579 | -€167 | -0.8% |
| Financial debts | 43 | €29,668 | €29,668 | = | 0.0% |
| Other loans | 439 | €29,668 | €29,668 | = | 0.0% |
| Trade debts | 44 | €9,323 | €16,298 | +€6,975 | +74.8% |
| Suppliers | 440/4 | €9,323 | €16,298 | +€6,975 | +74.8% |
| Taxes, remuneration and social security | 45 | €14,048 | €6,498 | -€7,551 | -53.7% |
| Taxes | 450/3 | €10,526 | €6,400 | -€4,126 | -39.2% |
| Remuneration and social security | 454/9 | €3,522 | €97 | -€3,425 | -97.2% |
| Other amounts payable | 47/48 | €127,568 | €131,989 | +€4,421 | +3.5% |
| Accrued charges and deferred income | 492/3 | €38,497 | €27,826 | -€10,671 | -27.7% |
| Remuneration, social security and pensions | 62 | €8,659 | €92 | -€8,567 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,468 | €66,418 | +€15,950 | +31.6% |
| Other operating charges | 640/8 | €9,365 | €8,790 | -€575 | -6.1% |
| Gross operating margin | 9900 | €144,415 | €135,517 | -€8,899 | -6.2% |
| Operating profit (loss) | 9901 | €75,923 | €60,216 | -€15,707 | -20.7% |
| Financial income | 75/76B | €378 | €314 | -€64 | -16.8% |
| Recurring financial income | 75 | €378 | €314 | -€64 | -16.8% |
| Financial charges | 65/66B | €22,742 | €11,181 | -€11,561 | -50.8% |
| Recurring financial charges | 65 | €22,742 | €11,181 | -€11,561 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €53,559 | €49,350 | -€4,209 | -7.9% |
| Income taxes | 67/77 | €17,822 | €15,746 | -€2,076 | -11.6% |
| Profit (loss) for the period | 9904 | €35,736 | €33,603 | -€2,133 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,736 | €33,603 | -€2,133 | -6.0% |
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 27 October 2026 via checked.be.