GO-VIRTUAL: 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.
GO-VIRTUAL
Largest movements
- Intangible fixed assets +€168,426
up €168,426 (+115.6%), from €145,737 to €314,163
- Cash +€151,778
up €151,778 (+275.4%), from €55,110 to €206,888
mainly Debts after one year (+€158,886) and Short-term financial debts (+€100,000)
- Receivables within one year -€30,109
down €30,109 (-22.2%), from €135,884 to €105,775
of which Trade receivables: -€30,383
- Deferred charges and accrued income -€20,262
down €20,262 (-66.5%), from €30,456 to €10,194
- Tangible fixed assets +€15,387
up €15,387 (+485.6%), from €3,168 to €18,556
of which Plant, machinery and equipment: +€8,082
- Debts after one year +€158,886
up €158,886 (+44.1%), from €360,000 to €518,886
- Short-term financial debts +€100,000
new in 2025: €100,000
- Trade debts +€28,880
up €28,880 (+49.2%), from €58,675 to €87,555
- Tax, wage and social debts -€18,692
down €18,692 (-29.0%), from €64,420 to €45,727
of which Taxes: -€14,663
- Current portion of long-term debt +€11,114
new in 2025: €11,114
- Staff costs +€44,738
up €44,738 (+19.5%), from €229,673 to €274,411
- Gross operating margin +€34,914
up €34,914 (+12.3%), from €283,207 to €318,122
- Depreciation +€3,974
up €3,974 (+19.2%), from €20,708 to €24,682
- Taxes -€3,529
down €3,529 (-42.8%), from €8,251 to €4,722
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 | €370,606 | €663,025 | +€292,419 | +78.9% |
| Fixed assets | 21/28 | €149,156 | €340,168 | +€191,013 | +128.1% |
| Intangible fixed assets | 21 | €145,737 | €314,163 | +€168,426 | +115.6% |
| Tangible fixed assets | 22/27 | €3,168 | €18,556 | +€15,387 | +485.6% |
| Plant, machinery and equipment | 23 | €1,577 | €9,658 | +€8,082 | +512.6% |
| Furniture and vehicles | 24 | €1,592 | €8,897 | +€7,305 | +458.9% |
| Financial fixed assets | 28 | €250 | €7,450 | +€7,200 | +2880.0% |
| Current assets | 29/58 | €221,450 | €322,857 | +€101,407 | +45.8% |
| Amounts receivable within one year | 40/41 | €135,884 | €105,775 | -€30,109 | -22.2% |
| Trade receivables | 40 | €135,880 | €105,497 | -€30,383 | -22.4% |
| Other amounts receivable | 41 | €4 | €278 | +€274 | +6570.0% |
| Cash at bank and in hand | 54/58 | €55,110 | €206,888 | +€151,778 | +275.4% |
| Deferred charges and accrued income | 490/1 | €30,456 | €10,194 | -€20,262 | -66.5% |
| Total equity and liabilities | 10/49 | €370,606 | €663,025 | +€292,419 | +78.9% |
| Equity | 10/15 | -€160,282 | -€155,456 | +€4,826 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,942 | €9,942 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,942 | €9,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,224 | -€185,398 | +€4,826 | +2.5% |
| Amounts payable | 17/49 | €530,888 | €818,481 | +€287,593 | +54.2% |
| Amounts payable after more than one year | 17 | €360,000 | €518,886 | +€158,886 | +44.1% |
| Financial debts | 170/4 | €360,000 | €518,886 | +€158,886 | +44.1% |
| Amounts payable within one year | 42/48 | €170,308 | €299,595 | +€129,287 | +75.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,114 | +€11,114 | |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €58,675 | €87,555 | +€28,880 | +49.2% |
| Suppliers | 440/4 | €58,675 | €87,555 | +€28,880 | +49.2% |
| Taxes, remuneration and social security | 45 | €64,420 | €45,727 | -€18,692 | -29.0% |
| Taxes | 450/3 | €29,529 | €14,865 | -€14,663 | -49.7% |
| Remuneration and social security | 454/9 | €34,891 | €30,862 | -€4,029 | -11.5% |
| Other amounts payable | 47/48 | €47,214 | €55,198 | +€7,985 | +16.9% |
| Accrued charges and deferred income | 492/3 | €580 | €0 | -€580 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €229,673 | €274,411 | +€44,738 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,708 | €24,682 | +€3,974 | +19.2% |
| Other operating charges | 640/8 | €2,657 | €1,462 | -€1,195 | -45.0% |
| Gross operating margin | 9900 | €283,207 | €318,122 | +€34,914 | +12.3% |
| Operating profit (loss) | 9901 | €30,170 | €17,568 | -€12,602 | -41.8% |
| Financial income | 75/76B | €1 | €242 | +€242 | +42417.5% |
| Recurring financial income | 75 | €1 | €242 | +€242 | +42417.5% |
| Financial charges | 65/66B | €9,921 | €8,262 | -€1,660 | -16.7% |
| Recurring financial charges | 65 | €9,921 | €8,262 | -€1,660 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €20,249 | €9,548 | -€10,701 | -52.8% |
| Income taxes | 67/77 | €8,251 | €4,722 | -€3,529 | -42.8% |
| Profit (loss) for the period | 9904 | €11,998 | €4,826 | -€7,172 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,998 | €4,826 | -€7,172 | -59.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.