MS VIRK: 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.
MS VIRK
Largest movements
- Stocks and contracts +€66,826
up €66,826 (+43.4%), from €153,979 to €220,805
- Tangible fixed assets -€28,650
down €28,650 (-79.3%), from €36,127 to €7,477
of which Furniture and vehicles: -€23,484
- Receivables within one year +€18,965
new in 2025: €18,965
of which Trade receivables: +€18,029
- Intangible fixed assets -€3,800
down €3,800 (-19.1%), from €19,929 to €16,129
- Profit (loss) carried forward +€134,336
up €134,336 (+334.9%), from €40,110 to €174,446
- Trade debts -€91,481
down €91,481 (-96.2%), from €95,087 to €3,606
- Tax, wage and social debts +€45,102
up €45,102 (+257.5%), from €17,517 to €62,619
of which Taxes: +€31,295
- Other debts -€30,149
down €30,149 (-85.6%), from €35,204 to €5,055
- Debts after one year -€5,291
down €5,291 (-23.5%), from €22,555 to €17,264
- Purchases and services +€555,949
up €555,949 (+60.6%), from €917,766 to €1.5m
- Turnover +€549,496
up €549,496 (+53.0%), from €1.0m to €1.6m
- Gross operating margin +€167,118
up €167,118 (+139.8%), from €119,526 to €286,644
- Staff costs +€35,539
up €35,539 (+54.7%), from €64,936 to €100,475
- Taxes +€27,674
up €27,674 (+735.0%), from €3,765 to €31,439
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 | €217,190 | €267,990 | +€50,800 | +23.4% |
| Fixed assets | 21/28 | €56,056 | €23,606 | -€32,450 | -57.9% |
| Intangible fixed assets | 21 | €19,929 | €16,129 | -€3,800 | -19.1% |
| Tangible fixed assets | 22/27 | €36,127 | €7,477 | -€28,650 | -79.3% |
| Plant, machinery and equipment | 23 | €7,814 | €2,648 | -€5,166 | -66.1% |
| Furniture and vehicles | 24 | €28,313 | €4,829 | -€23,484 | -82.9% |
| Current assets | 29/58 | €161,134 | €244,384 | +€83,250 | +51.7% |
| Stocks and contracts in progress | 3 | €153,979 | €220,805 | +€66,826 | +43.4% |
| Stocks | 30/36 | €153,979 | €220,805 | +€66,826 | +43.4% |
| Amounts receivable within one year | 40/41 | - | €18,965 | +€18,965 | |
| Trade receivables | 40 | - | €18,029 | +€18,029 | |
| Other amounts receivable | 41 | - | €936 | +€936 | |
| Cash at bank and in hand | 54/58 | €7,155 | €4,614 | -€2,541 | -35.5% |
| Total equity and liabilities | 10/49 | €217,190 | €267,990 | +€50,800 | +23.4% |
| Equity | 10/15 | €46,827 | €179,446 | +€132,619 | +283.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €1,717 | - | -€1,717 | |
| Non-distributable reserves | 130/1 | €1,717 | - | -€1,717 | |
| Legal reserve | 130 | €1,717 | - | -€1,717 | |
| Profit (loss) carried forward | 14 | €40,110 | €174,446 | +€134,336 | +334.9% |
| Amounts payable | 17/49 | €170,363 | €88,544 | -€81,819 | -48.0% |
| Amounts payable after more than one year | 17 | €22,555 | €17,264 | -€5,291 | -23.5% |
| Financial debts | 170/4 | €22,555 | €17,264 | -€5,291 | -23.5% |
| Amounts payable within one year | 42/48 | €147,808 | €71,280 | -€76,528 | -51.8% |
| Trade debts | 44 | €95,087 | €3,606 | -€91,481 | -96.2% |
| Suppliers | 440/4 | €95,087 | €3,606 | -€91,481 | -96.2% |
| Taxes, remuneration and social security | 45 | €17,517 | €62,619 | +€45,102 | +257.5% |
| Taxes | 450/3 | €16,537 | €47,832 | +€31,295 | +189.2% |
| Remuneration and social security | 454/9 | €980 | €14,787 | +€13,807 | +1408.9% |
| Other amounts payable | 47/48 | €35,204 | €5,055 | -€30,149 | -85.6% |
| Turnover | 70 | €1,037,292 | €1,586,788 | +€549,496 | +53.0% |
| Non-recurring operating income | 76A | - | €169,395 | +€169,395 | |
| Goods, raw materials, services and sundry goods | 60/61 | €917,766 | €1,473,715 | +€555,949 | +60.6% |
| Remuneration, social security and pensions | 62 | €64,936 | €100,475 | +€35,539 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,921 | €11,686 | -€4,235 | -26.6% |
| Other operating charges | 640/8 | €17,285 | €10,272 | -€7,013 | -40.6% |
| Gross operating margin | 9900 | €119,526 | €286,644 | +€167,118 | +139.8% |
| Operating profit (loss) | 9901 | €21,384 | €164,211 | +€142,827 | +667.9% |
| Financial charges | 65/66B | €2,558 | €128 | -€2,430 | -95.0% |
| Recurring financial charges | 65 | €2,558 | €128 | -€2,430 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €18,826 | €164,083 | +€145,257 | +771.6% |
| Income taxes | 67/77 | €3,765 | €31,439 | +€27,674 | +735.0% |
| Profit (loss) for the period | 9904 | €15,061 | €132,644 | +€117,583 | +780.7% |
| Transfer from tax-exempt reserves | 789 | - | €1,717 | +€1,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,061 | €134,361 | +€119,300 | +792.1% |
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 11 October 2026 via checked.be.