VAROMI: 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.
VAROMI
Largest movements
- Receivables within one year +€23,639
up €23,639 (+51.0%), from €46,378 to €70,017
of which Trade receivables: +€25,234
- Cash +€14,175
up €14,175 (+197.8%), from €7,167 to €21,342
mainly Trade debts (+€26,808) and Short-term financial debts (+€19,735)
- Tangible fixed assets -€9,181
down €9,181 (-27.3%), from €33,640 to €24,459
- Stocks and contracts +€7,825
up €7,825 (+29.1%), from €26,900 to €34,725
- Trade debts +€26,808
new in 2025: €26,808
- Short-term financial debts +€19,735
new in 2025: €19,735
- Current portion of long-term debt -€13,723
down €13,723 (-100.0%), from €13,723 to €0
- Tax, wage and social debts +€3,178
up €3,178 (+98.7%), from €3,219 to €6,397
of which Remuneration and social security: +€1,617
- Profit (loss) carried forward +€1,773
up €1,773 (+2.8%), from €62,316 to €64,089
- Staff costs +€22,103
new in 2025: €22,103
- Gross operating margin +€19,890
up €19,890 (+101.1%), from €19,683 to €39,573
- Depreciation -€4,812
down €4,812 (-34.4%), from €13,993 to €9,181
- Other operating charges +€2,029
up €2,029 (+307.4%), from €660 to €2,689
- Taxes -€1,108
down €1,108 (-44.1%), from €2,514 to €1,406
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 | €114,085 | €151,856 | +€37,771 | +33.1% |
| Fixed assets | 21/28 | €33,640 | €24,459 | -€9,181 | -27.3% |
| Tangible fixed assets | 22/27 | €33,640 | €24,459 | -€9,181 | -27.3% |
| Land and buildings | 22 | €3,700 | €2,000 | -€1,700 | -45.9% |
| Plant, machinery and equipment | 23 | €26,745 | €22,459 | -€4,286 | -16.0% |
| Furniture and vehicles | 24 | €3,195 | €0 | -€3,195 | -100.0% |
| Current assets | 29/58 | €80,445 | €127,397 | +€46,952 | +58.4% |
| Stocks and contracts in progress | 3 | €26,900 | €34,725 | +€7,825 | +29.1% |
| Stocks | 30/36 | €26,900 | €34,725 | +€7,825 | +29.1% |
| Amounts receivable within one year | 40/41 | €46,378 | €70,017 | +€23,639 | +51.0% |
| Trade receivables | 40 | €26,111 | €51,345 | +€25,234 | +96.6% |
| Other amounts receivable | 41 | €20,267 | €18,672 | -€1,595 | -7.9% |
| Cash at bank and in hand | 54/58 | €7,167 | €21,342 | +€14,175 | +197.8% |
| Deferred charges and accrued income | 490/1 | - | €1,313 | +€1,313 | |
| Total equity and liabilities | 10/49 | €114,085 | €151,856 | +€37,771 | +33.1% |
| Equity | 10/15 | €97,143 | €98,916 | +€1,773 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,227 | €16,227 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €14,367 | €16,227 | +€1,860 | +12.9% |
| Profit (loss) carried forward | 14 | €62,316 | €64,089 | +€1,773 | +2.8% |
| Amounts payable | 17/49 | €16,942 | €52,940 | +€35,998 | +212.5% |
| Amounts payable within one year | 42/48 | €16,942 | €52,940 | +€35,998 | +212.5% |
| Current portion of amounts payable after more than one year | 42 | €13,723 | €0 | -€13,723 | -100.0% |
| Financial debts | 43 | - | €19,735 | +€19,735 | |
| Credit institutions | 430/8 | - | €19,735 | +€19,735 | |
| Trade debts | 44 | - | €26,808 | +€26,808 | |
| Suppliers | 440/4 | - | €26,808 | +€26,808 | |
| Taxes, remuneration and social security | 45 | €3,219 | €6,397 | +€3,178 | +98.7% |
| Taxes | 450/3 | €2,719 | €4,280 | +€1,561 | +57.4% |
| Remuneration and social security | 454/9 | €500 | €2,117 | +€1,617 | +323.4% |
| Non-recurring operating income | 76A | €466 | €0 | -€466 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €22,103 | +€22,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,993 | €9,181 | -€4,812 | -34.4% |
| Other operating charges | 640/8 | €660 | €2,689 | +€2,029 | +307.4% |
| Gross operating margin | 9900 | €19,683 | €39,573 | +€19,890 | +101.1% |
| Operating profit (loss) | 9901 | €5,030 | €5,600 | +€570 | +11.3% |
| Financial income | 75/76B | €126 | €691 | +€565 | +448.5% |
| Recurring financial income | 75 | €126 | €691 | +€565 | +448.5% |
| Financial charges | 65/66B | €3,118 | €3,112 | -€6 | -0.2% |
| Recurring financial charges | 65 | €3,118 | €3,112 | -€6 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €2,038 | €3,179 | +€1,141 | +56.0% |
| Income taxes | 67/77 | €2,514 | €1,406 | -€1,108 | -44.1% |
| Profit (loss) for the period | 9904 | -€476 | €1,773 | +€2,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€476 | €1,773 | +€2,249 |
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.