VIRECA: 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.
VIRECA
Largest movements
- Receivables within one year -€4,600
down €4,600 (-40.5%), from €11,372 to €6,771
of which Other amounts receivable: -€3,920
- Cash -€1,689
down €1,689 (-96.9%), from €1,743 to €54
mainly Net result for the year (-€15,743)
- Tangible fixed assets -€979
down €979 (-88.1%), from €1,111 to €132
- Deferred charges and accrued income -€274
no longer reported in 2025 (was €274)
- Profit (loss) carried forward -€15,743
down €15,743 (-25.9%), from -€60,775 to -€76,517
- Trade debts +€7,710
up €7,710 (+994.9%), from €775 to €8,485
- Other debts +€490
new in 2025: €490
- Gross operating margin +€22,328
up €22,328 (+61.9%), from -€36,042 to -€13,714
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 | €15,000 | €7,457 | -€7,543 | -50.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,611 | €632 | -€979 | -60.8% |
| Tangible fixed assets | 22/27 | €1,111 | €132 | -€979 | -88.1% |
| Plant, machinery and equipment | 23 | €1,111 | €132 | -€979 | -88.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €13,389 | €6,825 | -€6,563 | -49.0% |
| Amounts receivable within one year | 40/41 | €11,372 | €6,771 | -€4,600 | -40.5% |
| Trade receivables | 40 | €680 | - | -€680 | |
| Other amounts receivable | 41 | €10,692 | €6,771 | -€3,920 | -36.7% |
| Cash at bank and in hand | 54/58 | €1,743 | €54 | -€1,689 | -96.9% |
| Deferred charges and accrued income | 490/1 | €274 | - | -€274 | |
| Total equity and liabilities | 10/49 | €15,000 | €7,457 | -€7,543 | -50.3% |
| Equity | 10/15 | -€50,775 | -€66,517 | -€15,743 | -31.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,775 | -€76,517 | -€15,743 | -25.9% |
| Amounts payable | 17/49 | €65,775 | €73,975 | +€8,200 | +12.5% |
| Amounts payable within one year | 42/48 | €65,775 | €73,975 | +€8,200 | +12.5% |
| Financial debts | 43 | €65,000 | €65,000 | = | 0.0% |
| Credit institutions | 430/8 | €65,000 | €65,000 | = | 0.0% |
| Trade debts | 44 | €775 | €8,485 | +€7,710 | +994.9% |
| Suppliers | 440/4 | €775 | €8,485 | +€7,710 | +994.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €490 | +€490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €979 | -€4 | -0.4% |
| Other operating charges | 640/8 | €204 | €263 | +€59 | +28.6% |
| Gross operating margin | 9900 | -€36,042 | -€13,714 | +€22,328 | +61.9% |
| Operating profit (loss) | 9901 | -€37,229 | -€14,956 | +€22,273 | +59.8% |
| Financial income | 75/76B | €294 | €11 | -€283 | -96.3% |
| Recurring financial income | 75 | €294 | €11 | -€283 | -96.3% |
| Financial charges | 65/66B | €764 | €797 | +€34 | +4.4% |
| Recurring financial charges | 65 | €764 | €797 | +€34 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,699 | -€15,743 | +€21,956 | +58.2% |
| Profit (loss) for the period | 9904 | -€37,699 | -€15,743 | +€21,956 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,699 | -€15,743 | +€21,956 | +58.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.