Ohms law.
VA is apparent power, it is sort of an "Ideal" number of Watts, without accounting for Power Factor and other efficiencies.
Basically, VA is how much power the device could supply if there was no resistance in the circuit (impossible), no capacitance issues, etc etc etc
In the electrical world, "Power" is a word meaning the amount of electrical work being done. 230V is a voltage (electrical pressure) not a measure of how much work it can do.
If you have a 600VA UPS, ohm's law tells us that it can supply about 2.61 Amperes (electrical flow) at 230V of electrical pressure. In order to find out Watts, you multiply the Voltage by the Amperage (V x A = W). I just did the reverse (600VA / 230V = 2.608....A)
Power supply wattage is measured at their output. So your 850W PSU running at, lets say an efficiency of 90% at full load would draw 930W from the wall if my math is correct.
Now, since 600VA is a fancy way of saying "a certain amount less than 600 watts", you can clearly see that your PSU will draw much more that what the UPS can provide if you ever get the PSU running at full load. 930W is a much bigger number than 600VA, and remember VA is simply the theoretical amount of Watts possible under ideal conditions.
If you aren't using your PSU at full load (if you aren't using all 850W of power) then it will be drawing less than its maximum, and the UPS
may be able to provide enough power. This is still bad, because if you ever upgrade your computer and it
does draw close to that 850W on the output (remember that means around 930W on the input of your PSU), then you would be overloading the UPS by 330W or to put it another way, you're running the UPS at more than 150% of its maximum. Hopefully the worst that would happen is that the UPS would have a circuit breaker or fuse inside that would turn off or burn out(respectively), and the UPS would turn off all power but nothing would be damaged;
hopefully.
Long story short, find a UPS rated for better than 900W if you want to ever be able to use your PSU at max capacity.
For example:
THIS would be more than enough to support your computer's power supply running at full load. How long the battery in the UPS would last before running out is a completely different matter. (there are probably better options; this is just an example)