VIRES: 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.
VIRES
Largest movements
- Cash +€29,423
up €29,423 (+876.7%), from €3,356 to €32,779
mainly Receivables within one year (+€15,075) and Net result for the year (+€10,625)
- Receivables within one year -€15,075
down €15,075 (-24.2%), from €62,178 to €47,103
of which Trade receivables: -€12,883
- Deferred charges and accrued income +€5,403
up €5,403 (+95.6%), from €5,654 to €11,057
- Tangible fixed assets +€2,870
up €2,870 (+22.4%), from €12,807 to €15,677
of which Other tangible fixed assets: +€2,719
- Reserves +€10,625
up €10,625 (+22.8%), from €46,526 to €57,151
- Tax, wage and social debts +€8,338
up €8,338 (+99.1%), from €8,416 to €16,754
of which Taxes: +€4,833
- Trade debts +€3,659
up €3,659 (+89.0%), from €4,113 to €7,771
- Gross operating margin +€23,681
up €23,681 (+60.4%), from €39,179 to €62,860
- Staff costs +€6,278
up €6,278 (+19.0%), from €33,047 to €39,325
- Taxes +€4,696
up €4,696 (+308.8%), from €1,521 to €6,217
- Financial charges +€1,683
up €1,683 (+276.7%), from €608 to €2,291
- Depreciation +€1,381
up €1,381 (+72.4%), from €1,907 to €3,288
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,996 | €106,617 | +€22,621 | +26.9% |
| Fixed assets | 21/28 | €12,807 | €15,677 | +€2,870 | +22.4% |
| Tangible fixed assets | 22/27 | €12,807 | €15,677 | +€2,870 | +22.4% |
| Plant, machinery and equipment | 23 | €4,761 | €3,721 | -€1,040 | -21.8% |
| Furniture and vehicles | 24 | €2,317 | €3,508 | +€1,191 | +51.4% |
| Other tangible fixed assets | 26 | €5,729 | €8,448 | +€2,719 | +47.5% |
| Current assets | 29/58 | €71,189 | €90,940 | +€19,751 | +27.7% |
| Amounts receivable within one year | 40/41 | €62,178 | €47,103 | -€15,075 | -24.2% |
| Trade receivables | 40 | €53,865 | €40,983 | -€12,883 | -23.9% |
| Other amounts receivable | 41 | €8,313 | €6,121 | -€2,192 | -26.4% |
| Cash at bank and in hand | 54/58 | €3,356 | €32,779 | +€29,423 | +876.7% |
| Deferred charges and accrued income | 490/1 | €5,654 | €11,057 | +€5,403 | +95.6% |
| Total equity and liabilities | 10/49 | €83,996 | €106,617 | +€22,621 | +26.9% |
| Equity | 10/15 | €65,126 | €75,751 | +€10,625 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,526 | €57,151 | +€10,625 | +22.8% |
| Distributable reserves | 133 | €46,526 | €57,151 | +€10,625 | +22.8% |
| Amounts payable | 17/49 | €18,870 | €30,867 | +€11,996 | +63.6% |
| Amounts payable within one year | 42/48 | €18,870 | €30,867 | +€11,996 | +63.6% |
| Trade debts | 44 | €4,113 | €7,771 | +€3,659 | +89.0% |
| Suppliers | 440/4 | €4,113 | €7,771 | +€3,659 | +89.0% |
| Taxes, remuneration and social security | 45 | €8,416 | €16,754 | +€8,338 | +99.1% |
| Taxes | 450/3 | €4,227 | €9,060 | +€4,833 | +114.3% |
| Remuneration and social security | 454/9 | €4,189 | €7,694 | +€3,504 | +83.7% |
| Other amounts payable | 47/48 | €6,341 | €6,341 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,047 | €39,325 | +€6,278 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €3,288 | +€1,381 | +72.4% |
| Other operating charges | 640/8 | €569 | €1,114 | +€545 | +95.7% |
| Gross operating margin | 9900 | €39,179 | €62,860 | +€23,681 | +60.4% |
| Operating profit (loss) | 9901 | €3,656 | €19,133 | +€15,477 | +423.4% |
| Financial charges | 65/66B | €608 | €2,291 | +€1,683 | +276.7% |
| Recurring financial charges | 65 | €608 | €2,291 | +€1,683 | +276.7% |
| Profit (loss) for the period before taxes | 9903 | €3,048 | €16,842 | +€13,795 | +452.6% |
| Income taxes | 67/77 | €1,521 | €6,217 | +€4,696 | +308.8% |
| Profit (loss) for the period | 9904 | €1,527 | €10,625 | +€9,098 | +595.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,527 | €10,625 | +€9,098 | +595.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.