VAROMA: 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.
VAROMA
Largest movements
- Deferred charges and accrued income +€25,057
up €25,057 (+23479.3%), from €107 to €25,164
- Receivables within one year +€14,739
up €14,739 (+75.8%), from €19,453 to €34,191
of which Other amounts receivable: +€9,503
- Cash +€9,165
up €9,165 (+18.6%), from €49,195 to €58,360
mainly Net result for the year (+€49,074) and Stocks and contracts (+€6,616)
- Stocks and contracts -€6,616
down €6,616 (-8.1%), from €81,367 to €74,752
- Profit (loss) carried forward +€49,074
up €49,074 (+57.8%), from -€84,924 to -€35,850
- Tax, wage and social debts -€12,008
down €12,008 (-81.9%), from €14,661 to €2,653
- Trade debts +€4,886
up €4,886 (+2.4%), from €202,706 to €207,592
- Gross operating margin +€70,151
up €70,151 (+164.5%), from €42,649 to €112,800
- Staff costs -€46,442
down €46,442 (-37.1%), from €125,056 to €78,614
- Financial income +€16,553
up €16,553 (+11823535.7%), from €0 to €16,553
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 | €155,947 | €197,088 | +€41,140 | +26.4% |
| Formation expenses | 20 | €4,536 | €3,980 | -€556 | -12.2% |
| Fixed assets | 21/28 | €1,290 | €641 | -€650 | -50.3% |
| Tangible fixed assets | 22/27 | €1,290 | €641 | -€650 | -50.3% |
| Furniture and vehicles | 24 | €1,290 | €641 | -€650 | -50.3% |
| Current assets | 29/58 | €150,122 | €192,467 | +€42,346 | +28.2% |
| Stocks and contracts in progress | 3 | €81,367 | €74,752 | -€6,616 | -8.1% |
| Stocks | 30/36 | €81,367 | €74,752 | -€6,616 | -8.1% |
| Amounts receivable within one year | 40/41 | €19,453 | €34,191 | +€14,739 | +75.8% |
| Trade receivables | 40 | €17,441 | €22,676 | +€5,235 | +30.0% |
| Other amounts receivable | 41 | €2,012 | €11,515 | +€9,503 | +472.4% |
| Cash at bank and in hand | 54/58 | €49,195 | €58,360 | +€9,165 | +18.6% |
| Deferred charges and accrued income | 490/1 | €107 | €25,164 | +€25,057 | +23479.3% |
| Total equity and liabilities | 10/49 | €155,947 | €197,088 | +€41,140 | +26.4% |
| Equity | 10/15 | -€64,924 | -€15,850 | +€49,074 | +75.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,924 | -€35,850 | +€49,074 | +57.8% |
| Amounts payable | 17/49 | €220,872 | €212,938 | -€7,934 | -3.6% |
| Amounts payable within one year | 42/48 | €220,872 | €212,938 | -€7,934 | -3.6% |
| Trade debts | 44 | €202,706 | €207,592 | +€4,886 | +2.4% |
| Suppliers | 440/4 | €202,706 | €207,592 | +€4,886 | +2.4% |
| Taxes, remuneration and social security | 45 | €14,661 | €2,653 | -€12,008 | -81.9% |
| Remuneration and social security | 454/9 | €14,661 | €2,653 | -€12,008 | -81.9% |
| Other amounts payable | 47/48 | €3,504 | €2,693 | -€812 | -23.2% |
| Remuneration, social security and pensions | 62 | €125,056 | €78,614 | -€46,442 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,123 | €1,205 | +€82 | +7.3% |
| Other operating charges | 640/8 | €380 | €238 | -€142 | -37.4% |
| Gross operating margin | 9900 | €42,649 | €112,800 | +€70,151 | +164.5% |
| Operating profit (loss) | 9901 | -€83,911 | €32,742 | +€116,653 | |
| Financial income | 75/76B | €0 | €16,553 | +€16,553 | +11823535.7% |
| Recurring financial income | 75 | €0 | €16,553 | +€16,553 | +11823535.7% |
| Financial charges | 65/66B | €1,014 | €221 | -€793 | -78.2% |
| Recurring financial charges | 65 | €1,014 | €221 | -€793 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,924 | €49,074 | +€133,998 | |
| Profit (loss) for the period | 9904 | -€84,924 | €49,074 | +€133,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,924 | €49,074 | +€133,998 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.