VirAJ: what changed
Two fiscal 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.
VirAJ
Largest movements
- Current investments +€27,000
up €27,000 (+13.7%), from €197,000 to €224,000
- Tangible fixed assets -€8,559
down €8,559 (-29.2%), from €29,265 to €20,706
of which Furniture and vehicles: -€8,327
- Receivables within one year -€3,580
down €3,580 (-42.8%), from €8,361 to €4,781
of which Other amounts receivable: -€5,091
- Reserves +€17,103
up €17,103 (+7.5%), from €228,569 to €245,671
- Other debts -€5,361
down €5,361 (-99.3%), from €5,400 to €39
- Tax, wage and social debts +€3,239
up €3,239 (+180.4%), from €1,795 to €5,034
- Gross operating margin -€19,375
down €19,375 (-37.2%), from €52,068 to €32,693
- Taxes -€6,048
down €6,048 (-36.7%), from €16,473 to €10,425
- Financial income +€1,934
up €1,934 (+62.5%), from €3,093 to €5,027
- Other operating charges +€998
up €998 (+183.0%), from €545 to €1,543
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 | €237,880 | €253,984 | +€16,104 | +6.8% |
| Fixed assets | 21/28 | €29,265 | €20,706 | -€8,559 | -29.2% |
| Tangible fixed assets | 22/27 | €29,265 | €20,706 | -€8,559 | -29.2% |
| Plant, machinery and equipment | 23 | €464 | €232 | -€232 | -50.0% |
| Furniture and vehicles | 24 | €28,801 | €20,475 | -€8,327 | -28.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €208,615 | €233,277 | +€24,663 | +11.8% |
| Amounts receivable within one year | 40/41 | €8,361 | €4,781 | -€3,580 | -42.8% |
| Trade receivables | 40 | €3,271 | €4,781 | +€1,511 | +46.2% |
| Other amounts receivable | 41 | €5,091 | - | -€5,091 | |
| Current investments | 50/53 | €197,000 | €224,000 | +€27,000 | +13.7% |
| Cash at bank and in hand | 54/58 | €2,276 | €2,011 | -€265 | -11.6% |
| Deferred charges and accrued income | 490/1 | €978 | €2,485 | +€1,508 | +154.2% |
| Total equity and liabilities | 10/49 | €237,880 | €253,984 | +€16,104 | +6.8% |
| Equity | 10/15 | €228,569 | €245,671 | +€17,103 | +7.5% |
| Reserves | 13 | €228,569 | €245,671 | +€17,103 | +7.5% |
| Distributable reserves | 133 | €228,569 | €245,671 | +€17,103 | +7.5% |
| Amounts payable | 17/49 | €9,311 | €8,313 | -€998 | -10.7% |
| Amounts payable within one year | 42/48 | €7,458 | €5,113 | -€2,345 | -31.4% |
| Trade debts | 44 | €263 | €39 | -€224 | -85.1% |
| Suppliers | 440/4 | €263 | €39 | -€224 | -85.1% |
| Taxes, remuneration and social security | 45 | €1,795 | €5,034 | +€3,239 | +180.4% |
| Taxes | 450/3 | €1,795 | €5,034 | +€3,239 | +180.4% |
| Other amounts payable | 47/48 | €5,400 | €39 | -€5,361 | -99.3% |
| Accrued charges and deferred income | 492/3 | €1,853 | €3,200 | +€1,347 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,806 | €8,559 | -€248 | -2.8% |
| Other operating charges | 640/8 | €545 | €1,543 | +€998 | +183.0% |
| Gross operating margin | 9900 | €52,068 | €32,693 | -€19,375 | -37.2% |
| Operating profit (loss) | 9901 | €42,716 | €22,591 | -€20,125 | -47.1% |
| Financial income | 75/76B | €3,093 | €5,027 | +€1,934 | +62.5% |
| Recurring financial income | 75 | €3,093 | €5,027 | +€1,934 | +62.5% |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €45,719 | €27,528 | -€18,191 | -39.8% |
| Income taxes | 67/77 | €16,473 | €10,425 | -€6,048 | -36.7% |
| Profit (loss) for the period | 9904 | €29,246 | €17,103 | -€12,143 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,246 | €17,103 | -€12,143 | -41.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.