VAROMAN: 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.
VAROMAN
Largest movements
- Receivables within one year +€1,111
up €1,111 (+1.3%), from €88,682 to €89,793
of which Other amounts receivable: +€1,111
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€258
down €258 (-10.3%), from €2,497 to €2,239
- Gross operating margin -€41
down €41 (-3.9%), from -€1,056 to -€1,096
- Financial charges -€23
down €23 (-50.0%), from €45 to €23
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €91,425 | €92,146 | +€720 | +0.8% |
| Current assets | 29/58 | €91,425 | €92,146 | +€720 | +0.8% |
| Amounts receivable within one year | 40/41 | €88,682 | €89,793 | +€1,111 | +1.3% |
| Trade receivables | 40 | €19,042 | €19,042 | = | 0.0% |
| Other amounts receivable | 41 | €69,641 | €70,751 | +€1,111 | +1.6% |
| Cash at bank and in hand | 54/58 | €246 | €114 | -€133 | -53.9% |
| Deferred charges and accrued income | 490/1 | €2,497 | €2,239 | -€258 | -10.3% |
| Total equity and liabilities | 10/49 | €91,425 | €92,146 | +€720 | +0.8% |
| Equity | 10/15 | €91,425 | €92,146 | +€720 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,965 | €71,686 | +€720 | +1.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,056 | -€1,096 | -€41 | -3.9% |
| Operating profit (loss) | 9901 | -€1,443 | -€1,496 | -€53 | -3.7% |
| Financial income | 75/76B | €2,497 | €2,239 | -€258 | -10.3% |
| Recurring financial income | 75 | €2,497 | €2,239 | -€258 | -10.3% |
| Financial charges | 65/66B | €45 | €23 | -€23 | -50.0% |
| Recurring financial charges | 65 | €45 | €23 | -€23 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €1,009 | €720 | -€289 | -28.6% |
| Profit (loss) for the period | 9904 | €1,009 | €720 | -€289 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,009 | €720 | -€289 | -28.6% |
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 7 October 2026 via checked.be.