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<ReportingInfo version="1.0">
	<fromDate>2025-01-01</fromDate>
	<toDate>2025-03-31</toDate>
	<createDate>2025-05-16</createDate>
	<personName>ВАРНА РИЪЛТИС ЕАД</personName>
	<persontype>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 604513</telephone>
	<fax>052 604514</fax>
	<email>acc@m-sat.bg</email>
	<website>varna-realties.bg</website>
	<media>investor.bg</media>
	<creator>Светлана Недева Димитрова</creator>
	<position>главен счетоводител</position>
	<balance>
		<current>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>6843</lands>
						<buildings>30839</buildings>
						<machines>390</machines>
						<businessInventory>756</businessInventory>
						<acqLiqTangibleAssets>549</acqLiqTangibleAssets>
						<others>30</others>
					</propertiesEquipment>
					<investProperties>10314</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>151</futureExpenses>
					<deferredTaxAssets>597</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>28</materials>
						<goods>151</goods>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>4125</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>42</receivablesCustomersSuppliers>
						<advancesGranted>54</advancesGranted>
						<receivablesGrantedCommercialLoans>587</receivablesGrantedCommercialLoans>
						<taxRecovery>20</taxRecovery>
						<others>4337</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<debtSecurities>1903</debtSecurities>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>2517</finAssetsCash>
						<blockedFunds>1</blockedFunds>
					</cashAndCashEquivalents>
					<futureExpenses>205</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>344</registeredContributedCapital>
						<ordinaryShares>344</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>4195</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>-2716</retainedEarnings>
						</accumulatedProfit>
						<currentLoss>-902</currentLoss>
					</finResult>
				</equity>
				<minorityParticipation>411</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>15859</relatedEnterprises>
						<receivedLoansBanksNonBanks>22082</receivedLoansBanksNonBanks>
						<bondLoans>8000</bondLoans>
						<others>5</others>
					</commercialOtherObligations>
					<otherNonCurrentLiabilities>3328</otherNonCurrentLiabilities>
					<deferredTaxLiabilities>368</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>3620</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>2011</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>5374</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>162</obligationsSuppliersCustomers>
							<advancesReceived>1739</advancesReceived>
							<dutiesStaff>248</dutiesStaff>
							<obligationsInsuranceCompanies>47</obligationsInsuranceCompanies>
							<taxObligations>246</taxObligations>
						</currentObligations>
						<others>8</others>
					</commercialOtherObligations>
					<futureIncome>10</futureIncome>
				</currentLiabilities>
			</passives>
		</current>
		<previous>
			<assets>
				<nonCurrentAssets>
					<propertiesEquipment>
						<lands>6843</lands>
						<buildings>30931</buildings>
						<machines>404</machines>
						<businessInventory>808</businessInventory>
						<acqLiqTangibleAssets>549</acqLiqTangibleAssets>
						<others>44</others>
					</propertiesEquipment>
					<investProperties>9892</investProperties>
					<intangibleAssets/>
					<commercialReputation/>
					<finAssets>
						<investIn/>
						<heldToMaturity/>
					</finAssets>
					<tradeReceivables/>
					<futureExpenses>150</futureExpenses>
					<deferredTaxAssets>597</deferredTaxAssets>
				</nonCurrentAssets>
				<currentAssets>
					<inventories>
						<materials>28</materials>
						<goods>267</goods>
					</inventories>
					<tradeReceivables>
						<receivablesAffiliatedCompanies>5375</receivablesAffiliatedCompanies>
						<receivablesCustomersSuppliers>61</receivablesCustomersSuppliers>
						<advancesGranted>24</advancesGranted>
						<receivablesGrantedCommercialLoans>649</receivablesGrantedCommercialLoans>
						<taxRecovery>27</taxRecovery>
						<others>5349</others>
					</tradeReceivables>
					<finAssets>
						<finAssetsKeptForTrading>
							<debtSecurities>1903</debtSecurities>
						</finAssetsKeptForTrading>
					</finAssets>
					<cashAndCashEquivalents>
						<finAssetsCash>1015</finAssetsCash>
						<blockedFunds>1</blockedFunds>
					</cashAndCashEquivalents>
					<futureExpenses>144</futureExpenses>
				</currentAssets>
			</assets>
			<passives>
				<equity>
					<capitalStock>
						<registeredContributedCapital>344</registeredContributedCapital>
						<ordinaryShares>344</ordinaryShares>
					</capitalStock>
					<reserves>
						<targetReserve>
							<otherReserves>4195</otherReserves>
						</targetReserve>
					</reserves>
					<finResult>
						<accumulatedProfit>
							<retainedEarnings>-1194</retainedEarnings>
						</accumulatedProfit>
						<currentLoss>-1522</currentLoss>
					</finResult>
				</equity>
				<minorityParticipation>423</minorityParticipation>
				<nonCurrentLiabilities>
					<commercialOtherObligations>
						<relatedEnterprises>14153</relatedEnterprises>
						<receivedLoansBanksNonBanks>24908</receivedLoansBanksNonBanks>
						<bondLoans>8000</bondLoans>
						<others>5</others>
					</commercialOtherObligations>
					<deferredTaxLiabilities>368</deferredTaxLiabilities>
				</nonCurrentLiabilities>
				<currentLiabilities>
					<commercialOtherObligations>
						<liabilitiesLoansBankNonBank>3860</liabilitiesLoansBankNonBank>
						<currentPartNonCurrentLiabilities>3632</currentPartNonCurrentLiabilities>
						<currentObligations>
							<obligationsRelatedEnterprises>6123</obligationsRelatedEnterprises>
							<obligationsSuppliersCustomers>163</obligationsSuppliersCustomers>
							<advancesReceived>1125</advancesReceived>
							<dutiesStaff>276</dutiesStaff>
							<obligationsInsuranceCompanies>49</obligationsInsuranceCompanies>
							<taxObligations>30</taxObligations>
						</currentObligations>
						<others>1</others>
					</commercialOtherObligations>
					<futureIncome>122</futureIncome>
				</currentLiabilities>
			</passives>
		</previous>
	</balance>
	<incomes>
		<current>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>145</costOfMaterials>
						<costsForExternalServices>276</costsForExternalServices>
						<depreciationExpenses>183</depreciationExpenses>
						<remunerationExpenses>581</remunerationExpenses>
						<insuranceCosts>78</insuranceCosts>
						<balanceValueOfSoldAssets>612</balanceValueOfSoldAssets>
						<others>78</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>364</interestExpense>
						<negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>88</negativeDifferencesFromOperationsWithFinancialAssetsAndInstruments>
						<negativeDifferencesFromChangesInExchangeRates>1</negativeDifferencesFromChangesInExchangeRates>
						<others>42</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<goods>1063</goods>
						<services>378</services>
						<others>14</others>
					</netRevenueFromSales>
					<incomeFromFinancing>10</incomeFromFinancing>
					<incomeFromFinancingOfGovernment>10</incomeFromFinancingOfGovernment>
					<financialIncome>
						<interestIncome>69</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax>
					<forMinorityParticipation>12</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</current>
		<previous>
			<expenses>
				<activityCosts>
					<economicElementsCosts>
						<costOfMaterials>118</costOfMaterials>
						<costsForExternalServices>152</costsForExternalServices>
						<depreciationExpenses>328</depreciationExpenses>
						<remunerationExpenses>478</remunerationExpenses>
						<insuranceCosts>67</insuranceCosts>
						<balanceValueOfSoldAssets>474</balanceValueOfSoldAssets>
						<others>60</others>
					</economicElementsCosts>
					<financialCosts>
						<interestExpense>484</interestExpense>
						<others>35</others>
					</financialCosts>
				</activityCosts>
				<activityProfit/>
				<profitBeforeTaxes/>
				<profitAfterTaxes/>
			</expenses>
			<income>
				<activityIncome>
					<netRevenueFromSales>
						<goods>971</goods>
						<services>188</services>
						<others>7</others>
					</netRevenueFromSales>
					<financialIncome>
						<interestIncome>99</interestIncome>
					</financialIncome>
				</activityIncome>
				<activityLoss/>
				<lossAfterTax>
					<forMinorityParticipation>13</forMinorityParticipation>
				</lossAfterTax>
			</income>
		</previous>
	</incomes>
	<cashFlows>
		<current>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>7293</receiptsFromCustomers>
				<paymentsToSuppliers>-2465</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-611</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-766</taxesPaidRefunded>
				<corporateIncomeTaxesPaid>-9</corporateIncomeTaxesPaid>
				<otherReceiptsPaymentsFromOperationalActivity>-13</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<reimbursedGrantedLoans>1412</reimbursedGrantedLoans>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>2553</proceedsFromLoans>
				<loansPaid>-3943</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-359</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
				<otherReceiptsPaymentsFromFinancialActivity>-1590</otherReceiptsPaymentsFromFinancialActivity>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>1016</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>2517</availabilityInCashAndBank>
				<blockedFunds>1</blockedFunds>
			</cashFlowsPeriodEnd>
		</current>
		<previous>
			<cashFlowsFromOperationalActivity>
				<receiptsFromCustomers>2816</receiptsFromCustomers>
				<paymentsToSuppliers>-1177</paymentsToSuppliers>
				<paymentsRelatedToRemuneration>-540</paymentsRelatedToRemuneration>
				<taxesPaidRefunded>-66</taxesPaidRefunded>
				<corporateIncomeTaxesPaid>-6</corporateIncomeTaxesPaid>
				<otherReceiptsPaymentsFromOperationalActivity>-117</otherReceiptsPaymentsFromOperationalActivity>
			</cashFlowsFromOperationalActivity>
			<cashFlowsFromInvestmentActivity>
				<reimbursedGrantedLoans>1285</reimbursedGrantedLoans>
			</cashFlowsFromInvestmentActivity>
			<cashFlowsFromFinancialActivity>
				<proceedsFromLoans>146</proceedsFromLoans>
				<loansPaid>-1796</loansPaid>
				<paidInterestFeesCommissionsOnLoansForInvestmentPurposes>-491</paidInterestFeesCommissionsOnLoansForInvestmentPurposes>
			</cashFlowsFromFinancialActivity>
			<cashFlowsPeriodStart>806</cashFlowsPeriodStart>
			<cashFlowsPeriodEnd>
				<availabilityInCashAndBank>834</availabilityInCashAndBank>
				<blockedFunds>26</blockedFunds>
			</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/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<balanceAtTheBeginningOfTheReportingPeriod>4195</balanceAtTheBeginningOfTheReportingPeriod>
		</otherTargetReserves>
		<accumulatedProfit>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedProfit>
		<accumulatedLoss>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</accumulatedLoss>
		<transReserve>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
		</transReserve>
		<minorityParticipation>
			<changesInOpeningBalances/>
			<profitSharing/>
			<subsequentValuationsOfTangibleAndIntangibleFixedAssets/>
			<subsequentValuationsOfFinancialAssetsAndInstruments/>
			<netProfitLossForThePeriod>-12</netProfitLossForThePeriod>
		</minorityParticipation>
	</capital>
</ReportingInfo>