VARTEKS MACHINES: 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.
VARTEKS MACHINES
Largest movements
- Receivables within one year -€40,578
down €40,578 (-89.6%), from €45,307 to €4,729
of which Trade receivables: -€39,603
- Tangible fixed assets -€34,383
down €34,383 (-98.7%), from €34,846 to €464
- Stocks and contracts -€866
down €866 (-100%), from €866 to €0
- Cash +€857
up €857 (+68.0%), from €1,260 to €2,117
mainly Receivables within one year (+€40,578) and Investment in fixed assets (net) (+€34,267)
- Profit (loss) carried forward -€92,368
down €92,368 (-77.1%), from -€119,784 to -€212,153
- Other debts +€18,831
up €18,831 (+14.3%), from €131,454 to €150,285
- Trade debts -€2,396
down €2,396 (-75.9%), from €3,156 to €760
- Tax, wage and social debts +€964
new in 2025: €964
- Other operating charges +€38,893
up €38,893 (+1,728%), from €2,251 to €41,144
- Gross operating margin +€7,069
up €7,069 (+29.7%), from -€23,802 to -€16,733
- Depreciation -€332
down €332 (-74.1%), from €448 to €116
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 | €82,279 | €7,310 | -€74,970 | -91.1% |
| Fixed assets | 21/28 | €34,846 | €464 | -€34,383 | -98.7% |
| Tangible fixed assets | 22/27 | €34,846 | €464 | -€34,383 | -98.7% |
| Plant, machinery and equipment | 23 | €34,846 | €464 | -€34,383 | -98.7% |
| Current assets | 29/58 | €47,433 | €6,846 | -€40,587 | -85.6% |
| Stocks and contracts in progress | 3 | €866 | €0 | -€866 | -100% |
| Stocks | 30/36 | €866 | €0 | -€866 | -100% |
| Amounts receivable within one year | 40/41 | €45,307 | €4,729 | -€40,578 | -89.6% |
| Trade receivables | 40 | €44,332 | €4,729 | -€39,603 | -89.3% |
| Other amounts receivable | 41 | €975 | €0 | -€975 | -100% |
| Cash at bank and in hand | 54/58 | €1,260 | €2,117 | +€857 | +68.0% |
| Total equity and liabilities | 10/49 | €82,279 | €7,310 | -€74,970 | -91.1% |
| Equity | 10/15 | -€52,331 | -€144,699 | -€92,368 | -177% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,454 | €5,454 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,784 | -€212,153 | -€92,368 | -77.1% |
| Amounts payable | 17/49 | €134,610 | €152,009 | +€17,399 | +12.9% |
| Amounts payable within one year | 42/48 | €134,610 | €152,009 | +€17,399 | +12.9% |
| Trade debts | 44 | €3,156 | €760 | -€2,396 | -75.9% |
| Suppliers | 440/4 | €3,156 | €760 | -€2,396 | -75.9% |
| Taxes, remuneration and social security | 45 | - | €964 | +€964 | |
| Taxes | 450/3 | - | €964 | +€964 | |
| Other amounts payable | 47/48 | €131,454 | €150,285 | +€18,831 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €116 | -€332 | -74.1% |
| Other operating charges | 640/8 | €2,251 | €41,144 | +€38,893 | +1,728% |
| Non-recurring operating charges | 66A | - | €34,267 | +€34,267 | |
| Gross operating margin | 9900 | -€23,802 | -€16,733 | +€7,069 | +29.7% |
| Operating profit (loss) | 9901 | -€26,501 | -€92,260 | -€65,759 | -248% |
| Financial income | 75/76B | €52 | €0 | -€52 | -100.0% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -100.0% |
| Financial charges | 65/66B | €71 | €109 | +€38 | +53.3% |
| Recurring financial charges | 65 | €71 | €109 | +€38 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,520 | -€92,368 | -€65,848 | -248% |
| Profit (loss) for the period | 9904 | -€26,520 | -€92,368 | -€65,848 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,520 | -€92,368 | -€65,848 | -248% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.