VIRGAM: 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.
VIRGAM
Largest movements
- Receivables within one year -€30,269
down €30,269 (-98.4%), from €30,760 to €491
of which Other amounts receivable: -€15,697
- Tangible fixed assets -€29,109
no longer reported in 2025 (was €29,109)
of which Plant, machinery and equipment: -€15,488
- Deferred charges and accrued income +€24,802
up €24,802 (+397.5%), from €6,240 to €31,042
- Cash +€3,510
up €3,510 (+181.2%), from €1,937 to €5,447
mainly Receivables within one year (+€30,269) and Investment in fixed assets (net) (+€29,109)
- Trade debts -€62,284
down €62,284 (-92.5%), from €67,327 to €5,043
- Accrued charges and deferred income +€12,146
new in 2025: €12,146
- Tax, wage and social debts +€11,376
up €11,376 (+1137.6%), from €1,000 to €12,376
of which Taxes: +€8,789
- Profit (loss) carried forward +€10,444
up €10,444, from -€6,029 to €4,415
- Other debts -€2,748
no longer reported in 2025 (was €2,748)
- Turnover +€435,769
up €435,769 (+443.0%), from €98,377 to €534,146
- Purchases and services +€349,537
up €349,537 (+410.2%), from €85,214 to €434,751
- Gross operating margin +€86,231
up €86,231 (+655.1%), from €13,163 to €99,394
- Staff costs +€76,106
new in 2025: €76,106
- Depreciation -€8,647
no longer reported in 2025 (was €8,647)
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 | €68,046 | €36,980 | -€31,066 | -45.7% |
| Fixed assets | 21/28 | €29,109 | - | -€29,109 | |
| Tangible fixed assets | 22/27 | €29,109 | - | -€29,109 | |
| Plant, machinery and equipment | 23 | €15,488 | - | -€15,488 | |
| Furniture and vehicles | 24 | €13,621 | - | -€13,621 | |
| Current assets | 29/58 | €38,937 | €36,980 | -€1,957 | -5.0% |
| Amounts receivable within one year | 40/41 | €30,760 | €491 | -€30,269 | -98.4% |
| Trade receivables | 40 | €14,572 | - | -€14,572 | |
| Other amounts receivable | 41 | €16,188 | €491 | -€15,697 | -97.0% |
| Cash at bank and in hand | 54/58 | €1,937 | €5,447 | +€3,510 | +181.2% |
| Deferred charges and accrued income | 490/1 | €6,240 | €31,042 | +€24,802 | +397.5% |
| Total equity and liabilities | 10/49 | €68,046 | €36,980 | -€31,066 | -45.7% |
| Equity | 10/15 | -€3,029 | €7,415 | +€10,444 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,029 | €4,415 | +€10,444 | |
| Amounts payable | 17/49 | €71,075 | €29,565 | -€41,510 | -58.4% |
| Amounts payable within one year | 42/48 | €71,075 | €17,419 | -€53,656 | -75.5% |
| Trade debts | 44 | €67,327 | €5,043 | -€62,284 | -92.5% |
| Suppliers | 440/4 | €67,327 | €5,043 | -€62,284 | -92.5% |
| Taxes, remuneration and social security | 45 | €1,000 | €12,376 | +€11,376 | +1137.6% |
| Taxes | 450/3 | €1,000 | €9,789 | +€8,789 | +878.9% |
| Remuneration and social security | 454/9 | - | €2,587 | +€2,587 | |
| Other amounts payable | 47/48 | €2,748 | - | -€2,748 | |
| Accrued charges and deferred income | 492/3 | - | €12,146 | +€12,146 | |
| Turnover | 70 | €98,377 | €534,146 | +€435,769 | +443.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,214 | €434,751 | +€349,537 | +410.2% |
| Remuneration, social security and pensions | 62 | - | €76,106 | +€76,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,647 | - | -€8,647 | |
| Other operating charges | 640/8 | €2,871 | €3,701 | +€830 | +28.9% |
| Gross operating margin | 9900 | €13,163 | €99,394 | +€86,231 | +655.1% |
| Operating profit (loss) | 9901 | €1,645 | €19,587 | +€17,942 | +1090.7% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €66 | €2,003 | +€1,937 | +2935.1% |
| Recurring financial charges | 65 | €66 | €2,003 | +€1,937 | +2935.1% |
| Profit (loss) for the period before taxes | 9903 | €1,579 | €17,619 | +€16,040 | +1015.8% |
| Income taxes | 67/77 | €1,000 | €7,175 | +€6,175 | +617.5% |
| Profit (loss) for the period | 9904 | €579 | €10,444 | +€9,865 | +1703.8% |
| Profit (loss) for the period to be appropriated | 9905 | €579 | €10,444 | +€9,865 | +1703.8% |
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.