VIRESCO: 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.
VIRESCO
Largest movements
- Tangible fixed assets +€127,964
up €127,964 (+41.3%), from €309,886 to €437,850
of which Land and buildings: +€132,959
- Cash +€67,652
up €67,652 (+18088.8%), from €374 to €68,026
mainly Other debts (+€475,406) and Net result for the year (+€107,007)
- Other debts +€475,406
up €475,406 (+63557.0%), from €748 to €476,154
- Debts after one year -€377,356
down €377,356 (-98.0%), from €384,900 to €7,544
of which Other amounts payable: -€368,243
- Profit (loss) carried forward +€94,984
up €94,984 (+32.1%), from -€296,131 to -€201,147
- Tax, wage and social debts -€13,181
no longer reported in 2025 (was €13,181)
- Accrued charges and deferred income +€12,021
up €12,021 (+1202100.0%), from €1 to €12,022
- Gross operating margin +€70,910
up €70,910 (+28.4%), from €249,840 to €320,750
- Depreciation +€19,700
up €19,700 (+60.5%), from €32,568 to €52,268
- Staff costs +€8,401
up €8,401 (+6.2%), from €134,523 to €142,924
- Other operating charges -€6,500
down €6,500 (-57.7%), from €11,267 to €4,767
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 | €310,272 | €505,888 | +€195,616 | +63.0% |
| Fixed assets | 21/28 | €309,898 | €437,862 | +€127,964 | +41.3% |
| Tangible fixed assets | 22/27 | €309,886 | €437,850 | +€127,964 | +41.3% |
| Land and buildings | 22 | €301,732 | €434,691 | +€132,959 | +44.1% |
| Plant, machinery and equipment | 23 | €6,659 | €1,282 | -€5,377 | -80.7% |
| Furniture and vehicles | 24 | €1,495 | €1,877 | +€382 | +25.6% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €374 | €68,026 | +€67,652 | +18088.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €374 | €68,026 | +€67,652 | +18088.8% |
| Total equity and liabilities | 10/49 | €310,272 | €505,888 | +€195,616 | +63.0% |
| Equity | 10/15 | -€95,647 | -€663 | +€94,984 | +99.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,884 | €181,884 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,024 | €180,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,131 | -€201,147 | +€94,984 | +32.1% |
| Amounts payable | 17/49 | €405,919 | €506,551 | +€100,632 | +24.8% |
| Amounts payable after more than one year | 17 | €384,900 | €7,544 | -€377,356 | -98.0% |
| Financial debts | 170/4 | €16,657 | €7,544 | -€9,113 | -54.7% |
| Other amounts payable | 178/9 | €368,243 | - | -€368,243 | |
| Amounts payable within one year | 42/48 | €21,018 | €486,985 | +€465,967 | +2217.0% |
| Current portion of amounts payable after more than one year | 42 | €4,516 | €9,114 | +€4,598 | +101.8% |
| Trade debts | 44 | €2,573 | €1,717 | -€856 | -33.3% |
| Suppliers | 440/4 | €2,573 | €1,717 | -€856 | -33.3% |
| Taxes, remuneration and social security | 45 | €13,181 | - | -€13,181 | |
| Taxes | 450/3 | €13,181 | - | -€13,181 | |
| Other amounts payable | 47/48 | €748 | €476,154 | +€475,406 | +63557.0% |
| Accrued charges and deferred income | 492/3 | €1 | €12,022 | +€12,021 | +1202100.0% |
| Remuneration, social security and pensions | 62 | €134,523 | €142,924 | +€8,401 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,568 | €52,268 | +€19,700 | +60.5% |
| Other operating charges | 640/8 | €11,267 | €4,767 | -€6,500 | -57.7% |
| Non-recurring operating charges | 66A | - | €12,348 | +€12,348 | |
| Gross operating margin | 9900 | €249,840 | €320,750 | +€70,910 | +28.4% |
| Operating profit (loss) | 9901 | €71,482 | €108,443 | +€36,961 | +51.7% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €1,278 | €1,439 | +€161 | +12.6% |
| Recurring financial charges | 65 | €1,278 | €1,439 | +€161 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €70,204 | €107,007 | +€36,803 | +52.4% |
| Profit (loss) for the period | 9904 | €70,204 | €107,007 | +€36,803 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,204 | €107,007 | +€36,803 | +52.4% |
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.