VIRGILIUS: 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.
VIRGILIUS
Largest movements
- Receivables after one year -€228,843
down €228,843 (-62.9%), from €363,620 to €134,777
- Tangible fixed assets +€190,864
up €190,864 (+9.7%), from €2.0m to €2.2m
of which Land and buildings: +€244,609
- Deferred charges and accrued income +€156,251
up €156,251 (+60.2%), from €259,712 to €415,963
- Receivables within one year -€128,065
down €128,065 (-68.7%), from €186,313 to €58,248
of which Other amounts receivable: -€128,057
- Cash -€100,992
down €100,992 (-24.5%), from €412,716 to €311,724
mainly Investment in fixed assets (net) (-€282,135) and Deferred charges and accrued income (-€156,251)
- Trade debts -€70,558
down €70,558 (-75.5%), from €93,401 to €22,843
- Financial charges +€266,554
up €266,554 (+134.4%), from €198,264 to €464,819
of which Non-recurring financial charges: +€215,726
- Gross operating margin +€164,853
up €164,853 (+37.7%), from €436,736 to €601,589
- Taxes -€28,442
down €28,442 (-85.3%), from €33,357 to €4,915
- Depreciation +€12,940
up €12,940 (+13.7%), from €94,330 to €107,271
- Other operating charges -€6,354
down €6,354 (-8.3%), from €76,189 to €69,835
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 | €5,748,913 | €5,622,129 | -€126,784 | -2.2% |
| Fixed assets | 21/28 | €4,522,053 | €4,696,918 | +€174,864 | +3.9% |
| Tangible fixed assets | 22/27 | €1,975,003 | €2,165,868 | +€190,864 | +9.7% |
| Land and buildings | 22 | €1,666,870 | €1,911,479 | +€244,609 | +14.7% |
| Plant, machinery and equipment | 23 | €308,133 | €254,388 | -€53,745 | -17.4% |
| Financial fixed assets | 28 | €2,547,050 | €2,531,050 | -€16,000 | -0.6% |
| Current assets | 29/58 | €1,226,860 | €925,212 | -€301,648 | -24.6% |
| Amounts receivable after more than one year | 29 | €363,620 | €134,777 | -€228,843 | -62.9% |
| Other amounts receivable | 291 | €363,620 | €134,777 | -€228,843 | -62.9% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Contracts in progress | 37 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €186,313 | €58,248 | -€128,065 | -68.7% |
| Trade receivables | 40 | €8,510 | €8,502 | -€8 | -0.1% |
| Other amounts receivable | 41 | €177,803 | €49,746 | -€128,057 | -72.0% |
| Cash at bank and in hand | 54/58 | €412,716 | €311,724 | -€100,992 | -24.5% |
| Deferred charges and accrued income | 490/1 | €259,712 | €415,963 | +€156,251 | +60.2% |
| Total equity and liabilities | 10/49 | €5,748,913 | €5,622,129 | -€126,784 | -2.2% |
| Equity | 10/15 | €2,138,298 | €2,146,544 | +€8,246 | +0.4% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €99,425 | €99,838 | +€412 | +0.4% |
| Non-distributable reserves | 130/1 | €99,425 | €99,838 | +€412 | +0.4% |
| Legal reserve | 130 | €99,425 | €99,838 | +€412 | +0.4% |
| Profit (loss) carried forward | 14 | €638,873 | €646,707 | +€7,834 | +1.2% |
| Provisions and deferred taxes | 16 | €3,209,831 | €3,162,288 | -€47,543 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €3,209,831 | €3,162,288 | -€47,543 | -1.5% |
| Environmental obligations | 163 | €3,209,831 | €3,162,288 | -€47,543 | -1.5% |
| Amounts payable | 17/49 | €400,784 | €313,296 | -€87,488 | -21.8% |
| Amounts payable within one year | 42/48 | €400,784 | €313,296 | -€87,488 | -21.8% |
| Trade debts | 44 | €93,401 | €22,843 | -€70,558 | -75.5% |
| Suppliers | 440/4 | €93,401 | €22,843 | -€70,558 | -75.5% |
| Taxes, remuneration and social security | 45 | €32,671 | €3,612 | -€29,059 | -88.9% |
| Taxes | 450/3 | €32,671 | €3,612 | -€29,059 | -88.9% |
| Other amounts payable | 47/48 | €274,712 | €286,842 | +€12,130 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,330 | €107,271 | +€12,940 | +13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,265 | -€47,543 | +€2,723 | +5.4% |
| Other operating charges | 640/8 | €76,189 | €69,835 | -€6,354 | -8.3% |
| Gross operating margin | 9900 | €436,736 | €601,589 | +€164,853 | +37.7% |
| Operating profit (loss) | 9901 | €316,483 | €472,026 | +€155,544 | +49.1% |
| Financial income | 75/76B | €7,130 | €5,953 | -€1,177 | -16.5% |
| Recurring financial income | 75 | €7,130 | €5,953 | -€1,177 | -16.5% |
| Financial charges | 65/66B | €198,264 | €464,819 | +€266,554 | +134.4% |
| Recurring financial charges | 65 | €198,264 | €249,093 | +€50,828 | +25.6% |
| Non-recurring financial charges | 66B | - | €215,726 | +€215,726 | |
| Profit (loss) for the period before taxes | 9903 | €125,348 | €13,161 | -€112,187 | -89.5% |
| Income taxes | 67/77 | €33,357 | €4,915 | -€28,442 | -85.3% |
| Profit (loss) for the period | 9904 | €91,991 | €8,246 | -€83,745 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,991 | €8,246 | -€83,745 | -91.0% |
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 11 October 2026 via checked.be.