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	<fromDate>2025-01-01</fromDate>
	<toDate>2025-03-31</toDate>
	<createDate>2025-04-24</createDate>
	<personName>ВАРНА РИЪЛТИС ЕАД</personName>
	<persontype>Публично дружество/Емитент на облигации</persontype>
	<eik>103252121</eik>
	<represents>Валентина Борисова Димитрова</represents>
	<representsType>изпълнителен директор</representsType>
	<addressMain>гр.Варна, ул.Генерал Паренсов №3 ет.2</addressMain>
	<addressCorrespondence>гр.Варна, ул.Генерал Паренсов №3 ет.2</addressCorrespondence>
	<telephone>052 / 604 513</telephone>
	<fax>няма</fax>
	<email>acc@m-sat.bg</email>
	<website>http://varna-realties.bg/</website>
	<media>investor.bg</media>
	<creator>Светлана Димитрова</creator>
	<position>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<machines>1</machines>
						<businessInventory>3</businessInventory>
					</propertiesEquipment>
					<investProperties>4926</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>17240</subsidiaries>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>8105</affiliatedCompanies>
					</tradeReceivables>
					<futureExpenses>151</futureExpenses>
					<deferredTaxAssets>256</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>2489</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>2</receivablesCustomersSuppliers>
						<advancesGranted>37</advancesGranted>
						<taxRecovery>11</taxRecovery>
						<others>7</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>1287</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>1759</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
					<futureExpenses>53</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>344</registeredContributedCapital>
						<ordinaryShares>344</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>44</generalReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>5808</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>9</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>15859</relatedEnterprises>
						<bondLoans>8000</bondLoans>
					</commercialOtherObligations>
					<incomeFuturePeriods>3328</incomeFuturePeriods>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>709</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>2011</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>28</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>6</obligationsSuppliersCustomers>
							<dutiesStaff>1</dutiesStaff>
							<obligationsInsuranceCompanies>1</obligationsInsuranceCompanies>
						</currentObligations>
					</commercialOtherObligations>
					<futureIncome>179</futureIncome>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<machines>1</machines>
						<businessInventory>4</businessInventory>
					</propertiesEquipment>
					<investProperties>4535</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn>
							<subsidiaries>17240</subsidiaries>
						</investIn>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables>
						<affiliatedCompanies>8133</affiliatedCompanies>
					</tradeReceivables>
					<futureExpenses>150</futureExpenses>
					<deferredTaxAssets>256</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories/>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>2378</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>4</receivablesCustomersSuppliers>
						<advancesGranted>7</advancesGranted>
						<others>7</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading/>
						<finAssetsForSale>1287</finAssetsForSale>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsTimeDeposits>366</finAssetsTimeDeposits>
					</cashAndCashEquivalents>
					<futureExpenses>41</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>344</registeredContributedCapital>
						<ordinaryShares>344</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<generalReserves>44</generalReserves>
							<otherReserves>-95</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>5669</retainedEarnings>
						</accumulatedProfit>
						<currentProfit>234</currentProfit>
					</finResult>
				</equity>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>14153</relatedEnterprises>
						<receivedLoansBanksNonBanks>1369</receivedLoansBanksNonBanks>
						<bondLoans>8000</bondLoans>
					</commercialOtherObligations>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>949</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>3590</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>27</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>1</obligationsSuppliersCustomers>
							<obligationsInsuranceCompanies>1</obligationsInsuranceCompanies>
							<taxObligations>11</taxObligations>
						</currentObligations>
					</commercialOtherObligations>
					<futureIncome>112</futureIncome>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>17</costOfMaterials>
						<costsForExternalServices>25</costsForExternalServices>
						<depreciationExpenses>32</depreciationExpenses>
						<remunerationExpenses>5</remunerationExpenses>
						<insuranceCosts>1</insuranceCosts>
						<others>18</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>92</interestExpense>
						<others>22</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>160</services>
						<others>1</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>60</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>12</costOfMaterials>
						<costsForExternalServices>19</costsForExternalServices>
						<depreciationExpenses>32</depreciationExpenses>
						<remunerationExpenses>5</remunerationExpenses>
						<insuranceCosts>1</insuranceCosts>
						<others>24</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>106</interestExpense>
						<others>18</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<services>160</services>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>63</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax/>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>4249</receiptsFromCustomers>
				<paymentsToSuppliers>-616</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-4</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-661</taxesPaidRefunded>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-487</loansGranted>
				<reimbursedGrantedLoans>261</reimbursedGrantedLoans>
				<dividendsReceivedFromInvestments>226</dividendsReceivedFromInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<paymentsOnRepurchaseOfSecurities>-1590</paymentsOnRepurchaseOfSecurities>
				<proceedsFromLoans>2553</proceedsFromLoans>
				<loansPaid>-2507</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-31</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>366</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>1759</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>158</receiptsFromCustomers>
				<paymentsToSuppliers>-75</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-4</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-40</taxesPaidRefunded>
				<otherReceiptsPaymentsFromOperationalActivity>-93</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<loansGranted>-611</loansGranted>
				<dividendsReceivedFromInvestments>881</dividendsReceivedFromInvestments>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>106</proceedsFromLoans>
				<loansPaid>-378</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-30</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>172</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>86</availabilityInCashAndBank>
			</cashFlowsPeriodEnd>
		</previous>
	</cashFlows>
	<capital>
		<capitalStock>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</capitalStock>
		<premiumReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</premiumReserve>
		<reserveFromSubsequentValuations>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</reserveFromSubsequentValuations>
		<generalTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</generalTargetReserves>
		<specializedTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</specializedTargetReserves>
		<otherTargetReserves>
			<changesInOpeningBalances/>
			<profitSharing>
				<others>95</others>
			</profitSharing>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>-95</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing>
				<others>-95</others>
			</profitSharing>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</minorityParticipation>
	</capital>
</ReportingInfo>