VAROPLAS: 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.
VAROPLAS
Largest movements
- Receivables within one year -€4,448
down €4,448 (-27.6%), from €16,105 to €11,657
- Cash +€4,197
up €4,197 (+14.2%), from €29,652 to €33,849
mainly Net result for the year (+€17,572) and Receivables within one year (+€4,448)
- Reserves +€17,572
up €17,572 (+104%), from €16,885 to €34,456
- Other debts -€17,078
down €17,078 (-97.1%), from €17,593 to €515
- Trade debts -€1,768
down €1,768 (-83.6%), from €2,116 to €347
- Tax, wage and social debts +€790
up €790 (+11.5%), from €6,892 to €7,682
- Depreciation -€2,544
no longer reported in 2025 (was €2,544)
- Gross operating margin -€1,738
down €1,738 (-7.0%), from €24,960 to €23,222
- Taxes +€868
up €868 (+18.8%), from €4,621 to €5,489
- Financial charges -€686
down €686 (-81.0%), from €847 to €161
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 | €46,486 | €46,001 | -€485 | -1.0% |
| Current assets | 29/58 | €46,486 | €46,001 | -€485 | -1.0% |
| Amounts receivable within one year | 40/41 | €16,105 | €11,657 | -€4,448 | -27.6% |
| Trade receivables | 40 | €16,105 | €11,657 | -€4,448 | -27.6% |
| Cash at bank and in hand | 54/58 | €29,652 | €33,849 | +€4,197 | +14.2% |
| Deferred charges and accrued income | 490/1 | €729 | €494 | -€234 | -32.1% |
| Total equity and liabilities | 10/49 | €46,486 | €46,001 | -€485 | -1.0% |
| Equity | 10/15 | €19,885 | €37,456 | +€17,572 | +88.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,885 | €34,456 | +€17,572 | +104% |
| Distributable reserves | 133 | €16,885 | €34,456 | +€17,572 | +104% |
| Amounts payable | 17/49 | €26,601 | €8,544 | -€18,057 | -67.9% |
| Amounts payable within one year | 42/48 | €26,601 | €8,544 | -€18,057 | -67.9% |
| Trade debts | 44 | €2,116 | €347 | -€1,768 | -83.6% |
| Suppliers | 440/4 | €2,116 | €347 | -€1,768 | -83.6% |
| Taxes, remuneration and social security | 45 | €6,892 | €7,682 | +€790 | +11.5% |
| Taxes | 450/3 | €6,892 | €7,682 | +€790 | +11.5% |
| Other amounts payable | 47/48 | €17,593 | €515 | -€17,078 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,544 | - | -€2,544 | |
| Other operating charges | 640/8 | €63 | - | -€63 | |
| Gross operating margin | 9900 | €24,960 | €23,222 | -€1,738 | -7.0% |
| Operating profit (loss) | 9901 | €22,353 | €23,222 | +€869 | +3.9% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €847 | €161 | -€686 | -81.0% |
| Recurring financial charges | 65 | €847 | €161 | -€686 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €21,506 | €23,061 | +€1,555 | +7.2% |
| Income taxes | 67/77 | €4,621 | €5,489 | +€868 | +18.8% |
| Profit (loss) for the period | 9904 | €16,885 | €17,572 | +€687 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,885 | €17,572 | +€687 | +4.1% |
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 15 October 2026 via checked.be.