VIRAGE BRUSSELS: 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.
VIRAGE BRUSSELS
Largest movements
- Cash -€16,080
down €16,080 (-46.6%), from €34,469 to €18,389
mainly Other debts (-€19,879) and Investment in fixed assets (net) (-€14,954)
- Tangible fixed assets -€14,854
down €14,854 (-3.0%), from €497,885 to €483,031
of which Land and buildings: -€14,461
- Other debts -€19,879
down €19,879 (-6.8%), from €292,552 to €272,673
- Trade debts -€9,247
down €9,247 (-88.6%), from €10,431 to €1,184
- Other operating charges -€19,986
down €19,986 (-68.9%), from €28,987 to €9,001
- Gross operating margin +€19,640
up €19,640 (+147.2%), from €13,344 to €32,984
- Taxes +€5,000
up €5,000 (+96.0%), from -€5,209 to -€209
- Depreciation +€1,381
up €1,381 (+4.9%), from €28,427 to €29,808
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 | €645,967 | €615,565 | -€30,402 | -4.7% |
| Fixed assets | 21/28 | €498,133 | €483,279 | -€14,854 | -3.0% |
| Tangible fixed assets | 22/27 | €497,885 | €483,031 | -€14,854 | -3.0% |
| Land and buildings | 22 | €497,098 | €482,637 | -€14,461 | -2.9% |
| Furniture and vehicles | 24 | €787 | €394 | -€394 | -50.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €147,834 | €132,287 | -€15,547 | -10.5% |
| Stocks and contracts in progress | 3 | €93,953 | €93,953 | = | 0.0% |
| Stocks | 30/36 | €93,953 | €93,953 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,734 | €18,981 | +€247 | +1.3% |
| Trade receivables | 40 | €14,966 | €15,286 | +€320 | +2.1% |
| Other amounts receivable | 41 | €3,768 | €3,695 | -€73 | -1.9% |
| Cash at bank and in hand | 54/58 | €34,469 | €18,389 | -€16,080 | -46.6% |
| Deferred charges and accrued income | 490/1 | €678 | €963 | +€285 | +42.1% |
| Total equity and liabilities | 10/49 | €645,967 | €615,565 | -€30,402 | -4.7% |
| Equity | 10/15 | €340,408 | €340,630 | +€222 | +0.1% |
| Contributions | 10/11 | €31,161 | €37,200 | +€6,039 | +19.4% |
| Reserves | 13 | €15,574 | €15,574 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,854 | €11,854 | = | 0.0% |
| Other | 1319 | €11,854 | €11,854 | = | 0.0% |
| Distributable reserves | 133 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,674 | €287,856 | -€5,818 | -2.0% |
| Amounts payable | 17/49 | €305,559 | €274,936 | -€30,623 | -10.0% |
| Amounts payable within one year | 42/48 | €305,559 | €274,936 | -€30,623 | -10.0% |
| Trade debts | 44 | €10,431 | €1,184 | -€9,247 | -88.6% |
| Suppliers | 440/4 | €10,431 | €1,184 | -€9,247 | -88.6% |
| Taxes, remuneration and social security | 45 | €2,575 | €1,078 | -€1,497 | -58.1% |
| Taxes | 450/3 | €2,575 | €996 | -€1,579 | -61.3% |
| Remuneration and social security | 454/9 | - | €83 | +€83 | |
| Other amounts payable | 47/48 | €292,552 | €272,673 | -€19,879 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,427 | €29,808 | +€1,381 | +4.9% |
| Other operating charges | 640/8 | €28,987 | €9,001 | -€19,986 | -68.9% |
| Gross operating margin | 9900 | €13,344 | €32,984 | +€19,640 | +147.2% |
| Operating profit (loss) | 9901 | -€44,070 | -€5,825 | +€38,246 | +86.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €166 | €207 | +€41 | +25.0% |
| Recurring financial charges | 65 | €166 | €207 | +€41 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,236 | -€6,027 | +€38,209 | +86.4% |
| Income taxes | 67/77 | -€5,209 | -€209 | +€5,000 | +96.0% |
| Profit (loss) for the period | 9904 | -€39,027 | -€5,818 | +€33,209 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,027 | -€5,818 | +€33,209 | +85.1% |
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 10 October 2026 via checked.be.