Virago Tech: 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.
Virago Tech
Largest movements
- Tangible fixed assets -€11,940
down €11,940 (-35.0%), from €34,095 to €22,155
- Cash +€10,479
up €10,479 (+15.9%), from €66,065 to €76,543
mainly Net result for the year (+€27,387) and Depreciation (+€12,728)
- Deferred charges and accrued income -€7,839
down €7,839 (-98.5%), from €7,962 to €123
- Receivables within one year +€2,807
up €2,807 (+16.9%), from €16,629 to €19,436
of which Other amounts receivable: +€2,156
- Other debts +€11,643
up €11,643 (+54.5%), from €21,381 to €33,023
- Debts after one year -€10,073
down €10,073 (-57.0%), from €17,667 to €7,594
- Reserves -€10,000
down €10,000 (-84.3%), from €11,860 to €1,860
- Financial charges +€16,235
up €16,235 (+92.8%), from €17,499 to €33,735
- Provisions -€14,997
down €14,997 (-93.7%), from €16,013 to €1,016
- Taxes -€3,156
down €3,156 (-28.3%), from €11,143 to €7,987
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 | €124,750 | €118,257 | -€6,493 | -5.2% |
| Fixed assets | 21/28 | €34,095 | €22,155 | -€11,940 | -35.0% |
| Tangible fixed assets | 22/27 | €34,095 | €22,155 | -€11,940 | -35.0% |
| Furniture and vehicles | 24 | €34,095 | €22,155 | -€11,940 | -35.0% |
| Current assets | 29/58 | €90,656 | €96,102 | +€5,446 | +6.0% |
| Amounts receivable within one year | 40/41 | €16,629 | €19,436 | +€2,807 | +16.9% |
| Trade receivables | 40 | €16,272 | €16,923 | +€651 | +4.0% |
| Other amounts receivable | 41 | €357 | €2,513 | +€2,156 | +604.4% |
| Cash at bank and in hand | 54/58 | €66,065 | €76,543 | +€10,479 | +15.9% |
| Deferred charges and accrued income | 490/1 | €7,962 | €123 | -€7,839 | -98.5% |
| Total equity and liabilities | 10/49 | €124,750 | €118,257 | -€6,493 | -5.2% |
| Equity | 10/15 | €30,460 | €20,460 | -€10,000 | -32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €1,860 | -€10,000 | -84.3% |
| Distributable reserves | 133 | €11,860 | €1,860 | -€10,000 | -84.3% |
| Provisions and deferred taxes | 16 | €32,127 | €33,143 | +€1,016 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €32,127 | €33,143 | +€1,016 | +3.2% |
| Other liabilities and charges | 164/5 | €32,127 | €33,143 | +€1,016 | +3.2% |
| Amounts payable | 17/49 | €62,163 | €64,654 | +€2,490 | +4.0% |
| Amounts payable after more than one year | 17 | €17,667 | €7,594 | -€10,073 | -57.0% |
| Financial debts | 170/4 | €17,667 | €7,594 | -€10,073 | -57.0% |
| Amounts payable within one year | 42/48 | €44,496 | €57,060 | +€12,564 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €10,014 | €10,073 | +€59 | +0.6% |
| Trade debts | 44 | €10 | €795 | +€785 | +8195.0% |
| Suppliers | 440/4 | €10 | €795 | +€785 | +8195.0% |
| Taxes, remuneration and social security | 45 | €13,091 | €13,169 | +€77 | +0.6% |
| Taxes | 450/3 | €13,091 | €13,169 | +€77 | +0.6% |
| Other amounts payable | 47/48 | €21,381 | €33,023 | +€11,643 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,882 | €12,728 | -€154 | -1.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,013 | €1,016 | -€14,997 | -93.7% |
| Other operating charges | 640/8 | €421 | €409 | -€12 | -2.9% |
| Gross operating margin | 9900 | €82,904 | €83,262 | +€358 | +0.4% |
| Operating profit (loss) | 9901 | €53,588 | €69,109 | +€15,521 | +29.0% |
| Financial charges | 65/66B | €17,499 | €33,735 | +€16,235 | +92.8% |
| Recurring financial charges | 65 | €17,499 | €33,735 | +€16,235 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €36,088 | €35,374 | -€714 | -2.0% |
| Income taxes | 67/77 | €11,143 | €7,987 | -€3,156 | -28.3% |
| Profit (loss) for the period | 9904 | €24,945 | €27,387 | +€2,442 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,945 | €27,387 | +€2,442 | +9.8% |
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 12 October 2026 via checked.be.