VIRACOCHA: 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.
VIRACOCHA
Largest movements
- Stocks and contracts -€2,802
down €2,802 (-14.4%), from €19,492 to €16,690
- Tangible fixed assets -€1,286
down €1,286 (-19.0%), from €6,755 to €5,470
of which Furniture and vehicles: -€962
- Cash -€887
down €887 (-38.0%), from €2,333 to €1,446
mainly Net result for the year (-€11,606) and Investment in fixed assets (net) (-€1,488)
- Profit (loss) carried forward -€11,606
down €11,606 (-82.4%), from -€14,082 to -€25,689
- Other debts +€7,562
up €7,562 (+42.9%), from €17,622 to €25,184
- Tax, wage and social debts -€670
down €670 (-48.9%), from €1,370 to €700
- Trade debts -€522
down €522 (-8.1%), from €6,415 to €5,893
- Gross operating margin -€18,775
down €18,775, from €14,090 to -€4,686
- Depreciation +€1,170
up €1,170 (+73.0%), from €1,603 to €2,773
- Other operating charges +€556
up €556 (+22.3%), from €2,495 to €3,052
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 | €29,925 | €24,688 | -€5,237 | -17.5% |
| Fixed assets | 21/28 | €6,755 | €5,470 | -€1,286 | -19.0% |
| Tangible fixed assets | 22/27 | €6,755 | €5,470 | -€1,286 | -19.0% |
| Plant, machinery and equipment | 23 | €1,760 | €880 | -€880 | -50.0% |
| Furniture and vehicles | 24 | €3,565 | €2,604 | -€962 | -27.0% |
| Other tangible fixed assets | 26 | €1,430 | €1,986 | +€556 | +38.9% |
| Current assets | 29/58 | €23,169 | €19,218 | -€3,951 | -17.1% |
| Stocks and contracts in progress | 3 | €19,492 | €16,690 | -€2,802 | -14.4% |
| Stocks | 30/36 | €19,492 | €16,690 | -€2,802 | -14.4% |
| Amounts receivable within one year | 40/41 | €1,218 | €950 | -€268 | -22.0% |
| Trade receivables | 40 | €1,218 | €950 | -€268 | -22.0% |
| Cash at bank and in hand | 54/58 | €2,333 | €1,446 | -€887 | -38.0% |
| Deferred charges and accrued income | 490/1 | €127 | €132 | +€5 | +4.3% |
| Total equity and liabilities | 10/49 | €29,925 | €24,688 | -€5,237 | -17.5% |
| Equity | 10/15 | €4,518 | -€7,089 | -€11,606 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,082 | -€25,689 | -€11,606 | -82.4% |
| Amounts payable | 17/49 | €25,407 | €31,777 | +€6,370 | +25.1% |
| Amounts payable within one year | 42/48 | €25,407 | €31,777 | +€6,370 | +25.1% |
| Trade debts | 44 | €6,415 | €5,893 | -€522 | -8.1% |
| Suppliers | 440/4 | €6,415 | €5,893 | -€522 | -8.1% |
| Taxes, remuneration and social security | 45 | €1,370 | €700 | -€670 | -48.9% |
| Taxes | 450/3 | €1,370 | €700 | -€670 | -48.9% |
| Other amounts payable | 47/48 | €17,622 | €25,184 | +€7,562 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €2,773 | +€1,170 | +73.0% |
| Other operating charges | 640/8 | €2,495 | €3,052 | +€556 | +22.3% |
| Gross operating margin | 9900 | €14,090 | -€4,686 | -€18,775 | |
| Operating profit (loss) | 9901 | €9,991 | -€10,510 | -€20,502 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €1,208 | €1,096 | -€112 | -9.3% |
| Recurring financial charges | 65 | €1,208 | €1,096 | -€112 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,789 | -€11,606 | -€20,395 | |
| Profit (loss) for the period | 9904 | €8,789 | -€11,606 | -€20,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,789 | -€11,606 | -€20,395 |
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 18 October 2026 via checked.be.