Varoconsult: 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.
Varoconsult
Largest movements
- Receivables within one year +€10,349
up €10,349 (+58.7%), from €17,635 to €27,985
of which Trade receivables: +€9,825
- Cash +€3,738
up €3,738 (+43.5%), from €8,598 to €12,337
mainly Net result for the year (+€17,335) and Tax, wage and social debts (+€3,458)
- Tangible fixed assets -€1,893
down €1,893 (-39.5%), from €4,797 to €2,904
of which Plant, machinery and equipment: -€1,277
- Reserves +€7,335
up €7,335 (+45.3%), from €16,195 to €23,531
- Tax, wage and social debts +€3,458
up €3,458 (+24.6%), from €14,084 to €17,541
of which Taxes: +€4,458
- Trade debts +€1,818
up €1,818 (+218.4%), from €832 to €2,650
- Gross operating margin +€15,528
up €15,528 (+106.4%), from €14,591 to €30,120
- Taxes +€2,257
up €2,257 (+60.4%), from €3,736 to €5,994
- Other operating charges +€1,282
up €1,282 (+50.3%), from €2,552 to €3,834
- Financial charges -€758
down €758 (-40.8%), from €1,859 to €1,101
- Depreciation +€579
up €579 (+44.0%), from €1,314 to €1,893
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.
Cash bridge derived
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 | €31,211 | €43,822 | +€12,611 | +40.4% |
| Fixed assets | 21/28 | €4,797 | €2,904 | -€1,893 | -39.5% |
| Tangible fixed assets | 22/27 | €4,797 | €2,904 | -€1,893 | -39.5% |
| Plant, machinery and equipment | 23 | €1,906 | €628 | -€1,277 | -67.0% |
| Other tangible fixed assets | 26 | €2,891 | €2,276 | -€616 | -21.3% |
| Current assets | 29/58 | €26,414 | €40,918 | +€14,504 | +54.9% |
| Amounts receivable within one year | 40/41 | €17,635 | €27,985 | +€10,349 | +58.7% |
| Trade receivables | 40 | €65 | €9,890 | +€9,825 | +15087.3% |
| Other amounts receivable | 41 | €17,570 | €18,095 | +€525 | +3.0% |
| Cash at bank and in hand | 54/58 | €8,598 | €12,337 | +€3,738 | +43.5% |
| Deferred charges and accrued income | 490/1 | €180 | €596 | +€416 | +231.3% |
| Total equity and liabilities | 10/49 | €31,211 | €43,822 | +€12,611 | +40.4% |
| Equity | 10/15 | €16,295 | €23,631 | +€7,335 | +45.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €16,195 | €23,531 | +€7,335 | +45.3% |
| Distributable reserves | 133 | €16,195 | €23,531 | +€7,335 | +45.3% |
| Amounts payable | 17/49 | €14,916 | €20,191 | +€5,275 | +35.4% |
| Amounts payable within one year | 42/48 | €14,916 | €20,191 | +€5,275 | +35.4% |
| Trade debts | 44 | €832 | €2,650 | +€1,818 | +218.4% |
| Suppliers | 440/4 | €832 | €2,650 | +€1,818 | +218.4% |
| Taxes, remuneration and social security | 45 | €14,084 | €17,541 | +€3,458 | +24.6% |
| Taxes | 450/3 | €13,084 | €17,541 | +€4,458 | +34.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €1,893 | +€579 | +44.0% |
| Other operating charges | 640/8 | €2,552 | €3,834 | +€1,282 | +50.3% |
| Gross operating margin | 9900 | €14,591 | €30,120 | +€15,528 | +106.4% |
| Operating profit (loss) | 9901 | €10,725 | €24,392 | +€13,667 | +127.4% |
| Financial income | 75/76B | €2 | €38 | +€36 | +1832.5% |
| Recurring financial income | 75 | €2 | €38 | +€36 | +1832.5% |
| Financial charges | 65/66B | €1,859 | €1,101 | -€758 | -40.8% |
| Recurring financial charges | 65 | €1,859 | €1,101 | -€758 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €8,868 | €23,329 | +€14,462 | +163.1% |
| Income taxes | 67/77 | €3,736 | €5,994 | +€2,257 | +60.4% |
| Profit (loss) for the period | 9904 | €5,131 | €17,335 | +€12,204 | +237.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,131 | €17,335 | +€12,204 | +237.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.