McVirtus: what changed
Two financial 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.
McVirtus
Largest movements
- Tangible fixed assets -€17,166
down €17,166 (-3.3%), from €519,614 to €502,448
of which Land and buildings: -€11,969
- Receivables within one year +€14,405
up €14,405 (+68.6%), from €21,000 to €35,405
of which Trade receivables: +€14,405
- Cash +€10,998
up €10,998 (+35.5%), from €31,022 to €42,020
mainly Other debts (+€37,246) and Depreciation (+€17,166)
- Other debts +€37,246
up €37,246 (+1,301%), from €2,863 to €40,109
- Reserves -€35,035
down €35,035 (-6.3%), from €560,320 to €525,285
of which Distributable reserves: -€35,035
- Gross operating margin +€27,380
up €27,380, from -€6,733 to €20,647
- Depreciation -€3,470
down €3,470 (-16.8%), from €20,635 to €17,166
- Other operating charges +€2,040
up €2,040 (+249%), from €818 to €2,858
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.
Derived cash bridge
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 | €574,997 | €580,637 | +€5,640 | +1.0% |
| Fixed assets | 21/28 | €519,614 | €502,448 | -€17,166 | -3.3% |
| Tangible fixed assets | 22/27 | €519,614 | €502,448 | -€17,166 | -3.3% |
| Land and buildings | 22 | €509,673 | €497,705 | -€11,969 | -2.3% |
| Plant, machinery and equipment | 23 | €440 | - | -€440 | |
| Furniture and vehicles | 24 | €5,600 | €843 | -€4,757 | -84.9% |
| Other tangible fixed assets | 26 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €55,383 | €78,189 | +€22,806 | +41.2% |
| Amounts receivable within one year | 40/41 | €21,000 | €35,405 | +€14,405 | +68.6% |
| Trade receivables | 40 | - | €14,405 | +€14,405 | |
| Other amounts receivable | 41 | €21,000 | €21,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,022 | €42,020 | +€10,998 | +35.5% |
| Deferred charges and accrued income | 490/1 | €3,361 | €764 | -€2,598 | -77.3% |
| Total equity and liabilities | 10/49 | €574,997 | €580,637 | +€5,640 | +1.0% |
| Equity | 10/15 | €566,520 | €531,485 | -€35,035 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €560,320 | €525,285 | -€35,035 | -6.3% |
| Tax-exempt reserves | 132 | €14,334 | €14,334 | = | 0.0% |
| Distributable reserves | 133 | €545,986 | €510,951 | -€35,035 | -6.4% |
| Amounts payable | 17/49 | €8,477 | €49,152 | +€40,675 | +480% |
| Amounts payable within one year | 42/48 | €8,477 | €49,152 | +€40,675 | +480% |
| Trade debts | 44 | €5,170 | €8,751 | +€3,582 | +69.3% |
| Suppliers | 440/4 | €5,170 | €8,751 | +€3,582 | +69.3% |
| Taxes, remuneration and social security | 45 | €444 | €292 | -€152 | -34.2% |
| Taxes | 450/3 | €444 | €292 | -€152 | -34.2% |
| Other amounts payable | 47/48 | €2,863 | €40,109 | +€37,246 | +1,301% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,635 | €17,166 | -€3,470 | -16.8% |
| Other operating charges | 640/8 | €818 | €2,858 | +€2,040 | +249% |
| Gross operating margin | 9900 | -€6,733 | €20,647 | +€27,380 | |
| Operating profit (loss) | 9901 | -€28,187 | €623 | +€28,810 | |
| Financial charges | 65/66B | €177 | €367 | +€190 | +107% |
| Recurring financial charges | 65 | €177 | €367 | +€190 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€28,364 | €257 | +€28,620 | |
| Income taxes | 67/77 | €444 | €292 | -€152 | -34.2% |
| Profit (loss) for the period | 9904 | -€28,808 | -€35 | +€28,773 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,808 | -€35 | +€28,773 | +99.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.