Vircosec Services: 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.
Vircosec Services
Largest movements
- Receivables within one year -€161,837
down €161,837 (-85.4%), from €189,466 to €27,628
of which Other amounts receivable: -€148,163
- Cash +€10,766
up €10,766 (+6.2%), from €173,056 to €183,823
mainly Receivables within one year (+€161,837) and Net result for the year (+€26,872)
- Tangible fixed assets -€10,083
down €10,083 (-29.9%), from €33,749 to €23,666
- Reserves -€155,564
down €155,564 (-40.9%), from €380,403 to €224,839
of which Distributable reserves: -€155,564
- Tax, wage and social debts -€5,690
down €5,690 (-59.8%), from €9,508 to €3,818
- Gross operating margin -€12,279
down €12,279 (-23.3%), from €52,780 to €40,500
- Taxes -€2,678
down €2,678 (-16.4%), from €16,377 to €13,699
- Financial income +€998
up €998 (+9.0%), from €11,118 to €12,115
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 | €396,271 | €235,869 | -€160,402 | -40.5% |
| Fixed assets | 21/28 | €33,749 | €23,666 | -€10,083 | -29.9% |
| Tangible fixed assets | 22/27 | €33,749 | €23,666 | -€10,083 | -29.9% |
| Furniture and vehicles | 24 | €33,749 | €23,666 | -€10,083 | -29.9% |
| Current assets | 29/58 | €362,522 | €212,203 | -€150,319 | -41.5% |
| Amounts receivable within one year | 40/41 | €189,466 | €27,628 | -€161,837 | -85.4% |
| Trade receivables | 40 | €17,135 | €3,461 | -€13,674 | -79.8% |
| Other amounts receivable | 41 | €172,331 | €24,168 | -€148,163 | -86.0% |
| Cash at bank and in hand | 54/58 | €173,056 | €183,823 | +€10,766 | +6.2% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €396,271 | €235,869 | -€160,402 | -40.5% |
| Equity | 10/15 | €386,603 | €231,039 | -€155,564 | -40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €380,403 | €224,839 | -€155,564 | -40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €378,543 | €222,979 | -€155,564 | -41.1% |
| Amounts payable | 17/49 | €9,668 | €4,830 | -€4,837 | -50.0% |
| Amounts payable within one year | 42/48 | €9,668 | €4,830 | -€4,837 | -50.0% |
| Trade debts | 44 | €160 | €1,012 | +€853 | +534.4% |
| Suppliers | 440/4 | €160 | €1,012 | +€853 | +534.4% |
| Taxes, remuneration and social security | 45 | €9,508 | €3,818 | -€5,690 | -59.8% |
| Taxes | 450/3 | €9,508 | €3,818 | -€5,690 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,579 | €11,657 | +€78 | +0.7% |
| Other operating charges | 640/8 | €389 | €344 | -€45 | -11.7% |
| Gross operating margin | 9900 | €52,780 | €40,500 | -€12,279 | -23.3% |
| Operating profit (loss) | 9901 | €40,812 | €28,500 | -€12,312 | -30.2% |
| Financial income | 75/76B | €11,118 | €12,115 | +€998 | +9.0% |
| Recurring financial income | 75 | €11,118 | €12,115 | +€998 | +9.0% |
| Financial charges | 65/66B | €23 | €44 | +€21 | +94.0% |
| Recurring financial charges | 65 | €23 | €44 | +€21 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €51,907 | €40,572 | -€11,335 | -21.8% |
| Income taxes | 67/77 | €16,377 | €13,699 | -€2,678 | -16.4% |
| Profit (loss) for the period | 9904 | €35,530 | €26,872 | -€8,657 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,530 | €26,872 | -€8,657 | -24.4% |
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 1 October 2026 via checked.be.