VARY: 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.
VARY
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€195,323
down €195,323 (-15.6%), from €1.3m to €1.1m
mainly Current investments (-€350,000) and Other debts (-€289,419)
- Receivables within one year -€122,105
down €122,105 (-16.7%), from €729,587 to €607,482
of which Other amounts receivable: -€184,365
- Profit (loss) carried forward +€321,934
up €321,934 (+29.4%), from €1.1m to €1.4m
- Other debts -€289,419
down €289,419 (-98.5%), from €293,748 to €4,329
- Accrued charges and deferred income +€43,336
up €43,336 (+14.4%), from €300,885 to €344,221
- Staff costs +€210,374
up €210,374 (+46.3%), from €453,970 to €664,344
- Gross operating margin +€172,120
up €172,120 (+17.8%), from €969,065 to €1.1m
- Taxes -€17,376
down €17,376 (-13.2%), from €131,138 to €113,762
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 | €2,075,191 | €2,142,973 | +€67,782 | +3.3% |
| Fixed assets | 21/28 | €88,229 | €109,882 | +€21,653 | +24.5% |
| Tangible fixed assets | 22/27 | €88,229 | €103,082 | +€14,853 | +16.8% |
| Plant, machinery and equipment | 23 | €12,771 | €16,935 | +€4,164 | +32.6% |
| Furniture and vehicles | 24 | €62,680 | €76,791 | +€14,111 | +22.5% |
| Other tangible fixed assets | 26 | €12,778 | €9,355 | -€3,423 | -26.8% |
| Financial fixed assets | 28 | - | €6,800 | +€6,800 | |
| Current assets | 29/58 | €1,986,962 | €2,033,091 | +€46,129 | +2.3% |
| Amounts receivable within one year | 40/41 | €729,587 | €607,482 | -€122,105 | -16.7% |
| Trade receivables | 40 | €448,107 | €510,367 | +€62,260 | +13.9% |
| Other amounts receivable | 41 | €281,480 | €97,115 | -€184,365 | -65.5% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €1,251,109 | €1,055,786 | -€195,323 | -15.6% |
| Deferred charges and accrued income | 490/1 | €6,266 | €19,823 | +€13,556 | +216.3% |
| Total equity and liabilities | 10/49 | €2,075,191 | €2,142,973 | +€67,782 | +3.3% |
| Equity | 10/15 | €1,272,670 | €1,594,604 | +€321,934 | +25.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,096,670 | €1,418,604 | +€321,934 | +29.4% |
| Amounts payable | 17/49 | €802,521 | €548,369 | -€254,152 | -31.7% |
| Amounts payable within one year | 42/48 | €501,636 | €204,147 | -€297,488 | -59.3% |
| Trade debts | 44 | €143,510 | €137,424 | -€6,086 | -4.2% |
| Suppliers | 440/4 | €143,510 | €137,424 | -€6,086 | -4.2% |
| Taxes, remuneration and social security | 45 | €64,378 | €62,394 | -€1,983 | -3.1% |
| Taxes | 450/3 | €6,122 | €169 | -€5,953 | -97.2% |
| Remuneration and social security | 454/9 | €58,256 | €62,225 | +€3,969 | +6.8% |
| Other amounts payable | 47/48 | €293,748 | €4,329 | -€289,419 | -98.5% |
| Accrued charges and deferred income | 492/3 | €300,885 | €344,221 | +€43,336 | +14.4% |
| Non-recurring operating income | 76A | €8,858 | €15,290 | +€6,432 | +72.6% |
| Remuneration, social security and pensions | 62 | €453,970 | €664,344 | +€210,374 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,800 | €36,519 | +€3,719 | +11.3% |
| Other operating charges | 640/8 | €4,651 | €3,535 | -€1,116 | -24.0% |
| Gross operating margin | 9900 | €969,065 | €1,141,185 | +€172,120 | +17.8% |
| Operating profit (loss) | 9901 | €477,644 | €436,788 | -€40,856 | -8.6% |
| Financial income | 75/76B | €14,370 | €3,411 | -€10,959 | -76.3% |
| Recurring financial income | 75 | €14,370 | €3,411 | -€10,959 | -76.3% |
| Financial charges | 65/66B | €1,126 | €4,502 | +€3,376 | +299.7% |
| Recurring financial charges | 65 | €1,126 | €4,502 | +€3,376 | +299.7% |
| Profit (loss) for the period before taxes | 9903 | €490,887 | €435,696 | -€55,191 | -11.2% |
| Income taxes | 67/77 | €131,138 | €113,762 | -€17,376 | -13.2% |
| Profit (loss) for the period | 9904 | €359,749 | €321,934 | -€37,815 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €359,749 | €321,934 | -€37,815 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.