VIRENO: 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.
VIRENO
Largest movements
- Receivables within one year -€756,782
down €756,782 (-87.9%), from €860,800 to €104,018
of which Other amounts receivable: -€764,770
- Tangible fixed assets +€604,612
up €604,612 (+36.3%), from €1.7m to €2.3m
of which Land and buildings: +€605,258
- Cash +€101,766
up €101,766 (+721.4%), from €14,106 to €115,872
mainly Receivables within one year (+€756,782) and Other debts (+€132,918)
- Profit (loss) carried forward -€155,312
down €155,312 (-8.8%), from €1.8m to €1.6m
- Other debts +€132,918
up €132,918 (+51.2%), from €259,479 to €392,397
- Gross operating margin -€67,997
down €67,997 (-331.0%), from -€20,542 to -€88,539
- Depreciation +€15,013
up €15,013 (+15.9%), from €94,471 to €109,484
- Financial income -€13,488
down €13,488 (-37.4%), from €36,020 to €22,532
- Other operating charges +€1,661
up €1,661 (+16.7%), from €9,943 to €11,604
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 | €2,645,264 | €2,595,186 | -€50,079 | -1.9% |
| Fixed assets | 21/28 | €1,664,046 | €2,268,659 | +€604,612 | +36.3% |
| Tangible fixed assets | 22/27 | €1,664,046 | €2,268,659 | +€604,612 | +36.3% |
| Land and buildings | 22 | €1,663,299 | €2,268,558 | +€605,258 | +36.4% |
| Furniture and vehicles | 24 | €747 | €101 | -€646 | -86.5% |
| Current assets | 29/58 | €981,218 | €326,527 | -€654,691 | -66.7% |
| Stocks and contracts in progress | 3 | €100,803 | €100,803 | = | 0.0% |
| Stocks | 30/36 | €100,803 | €100,803 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €860,800 | €104,018 | -€756,782 | -87.9% |
| Trade receivables | 40 | - | €7,987 | +€7,987 | |
| Other amounts receivable | 41 | €860,800 | €96,031 | -€764,770 | -88.8% |
| Current investments | 50/53 | €3,032 | €3,052 | +€20 | +0.7% |
| Cash at bank and in hand | 54/58 | €14,106 | €115,872 | +€101,766 | +721.4% |
| Deferred charges and accrued income | 490/1 | €2,477 | €2,781 | +€305 | +12.3% |
| Total equity and liabilities | 10/49 | €2,645,264 | €2,595,186 | -€50,079 | -1.9% |
| Equity | 10/15 | €2,233,447 | €2,056,915 | -€176,531 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €399,131 | €377,911 | -€21,220 | -5.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,931 | €261,711 | -€21,220 | -7.5% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,772,315 | €1,617,004 | -€155,312 | -8.8% |
| Provisions and deferred taxes | 16 | €145,688 | €134,761 | -€10,927 | -7.5% |
| Deferred taxes | 168 | €145,688 | €134,761 | -€10,927 | -7.5% |
| Amounts payable | 17/49 | €266,130 | €403,509 | +€137,379 | +51.6% |
| Amounts payable within one year | 42/48 | €266,130 | €403,509 | +€137,379 | +51.6% |
| Trade debts | 44 | €6,651 | €9,612 | +€2,961 | +44.5% |
| Suppliers | 440/4 | €6,651 | €9,612 | +€2,961 | +44.5% |
| Taxes, remuneration and social security | 45 | €0 | €1,500 | +€1,500 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €259,479 | €392,397 | +€132,918 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,471 | €109,484 | +€15,013 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,943 | €11,604 | +€1,661 | +16.7% |
| Gross operating margin | 9900 | -€20,542 | -€88,539 | -€67,997 | -331.0% |
| Operating profit (loss) | 9901 | -€124,956 | -€209,627 | -€84,672 | -67.8% |
| Financial income | 75/76B | €36,020 | €22,532 | -€13,488 | -37.4% |
| Recurring financial income | 75 | €36,020 | €22,532 | -€13,488 | -37.4% |
| Financial charges | 65/66B | €1,097 | €363 | -€734 | -66.9% |
| Recurring financial charges | 65 | €1,097 | €363 | -€734 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | -€90,033 | -€187,458 | -€97,425 | -108.2% |
| Transfer from deferred taxes | 780 | €10,927 | €10,927 | = | 0.0% |
| Income taxes | 67/77 | -€639 | €0 | +€639 | |
| Profit (loss) for the period | 9904 | -€78,467 | -€176,531 | -€98,064 | -125.0% |
| Transfer from tax-exempt reserves | 789 | €21,220 | €21,220 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,247 | -€155,312 | -€98,064 | -171.3% |
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 7 October 2026 via checked.be.