VIRGULTA: 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.
VIRGULTA
Largest movements
- Receivables within one year -€25,621
down €25,621 (-30.8%), from €83,123 to €57,503
of which Other amounts receivable: -€30,972
- Cash -€22,204
down €22,204 (-64.8%), from €34,278 to €12,074
mainly Contributions, distributions and other (-€39,445) and Tax, wage and social debts (-€28,004)
- Tangible fixed assets +€20,893
up €20,893 (+133%), from €15,713 to €36,606
of which Plant, machinery and equipment: +€26,709
- Tax, wage and social debts -€28,004
down €28,004 (-57.6%), from €48,622 to €20,619
- Gross operating margin +€5,256
up €5,256 (+9.2%), from €57,348 to €62,604
- Taxes -€4,350
down €4,350 (-21.8%), from €19,956 to €15,606
- Depreciation +€1,859
up €1,859 (+42.6%), from €4,365 to €6,223
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.
Derived cash bridge
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 | €135,840 | €109,061 | -€26,779 | -19.7% |
| Fixed assets | 21/28 | €15,713 | €36,606 | +€20,893 | +133% |
| Tangible fixed assets | 22/27 | €15,713 | €36,606 | +€20,893 | +133% |
| Plant, machinery and equipment | 23 | - | €26,709 | +€26,709 | |
| Furniture and vehicles | 24 | €15,713 | €9,897 | -€5,816 | -37.0% |
| Current assets | 29/58 | €120,127 | €72,455 | -€47,672 | -39.7% |
| Amounts receivable within one year | 40/41 | €83,123 | €57,503 | -€25,621 | -30.8% |
| Trade receivables | 40 | €6,794 | €12,145 | +€5,351 | +78.8% |
| Other amounts receivable | 41 | €76,329 | €45,357 | -€30,972 | -40.6% |
| Cash at bank and in hand | 54/58 | €34,278 | €12,074 | -€22,204 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,725 | €2,879 | +€154 | +5.6% |
| Total equity and liabilities | 10/49 | €135,840 | €109,061 | -€26,779 | -19.7% |
| Equity | 10/15 | €86,299 | €86,299 | = | 0.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,299 | €74,299 | = | 0.0% |
| Amounts payable | 17/49 | €49,542 | €22,763 | -€26,779 | -54.1% |
| Amounts payable within one year | 42/48 | €49,542 | €22,763 | -€26,779 | -54.1% |
| Trade debts | 44 | €919 | €2,144 | +€1,225 | +133% |
| Suppliers | 440/4 | €919 | €2,144 | +€1,225 | +133% |
| Taxes, remuneration and social security | 45 | €48,622 | €20,619 | -€28,004 | -57.6% |
| Taxes | 450/3 | €48,622 | €20,619 | -€28,004 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,365 | €6,223 | +€1,859 | +42.6% |
| Other operating charges | 640/8 | €1,105 | €1,141 | +€37 | +3.3% |
| Gross operating margin | 9900 | €57,348 | €62,604 | +€5,256 | +9.2% |
| Operating profit (loss) | 9901 | €51,879 | €55,239 | +€3,361 | +6.5% |
| Financial charges | 65/66B | €349 | €188 | -€160 | -46.0% |
| Recurring financial charges | 65 | €349 | €188 | -€160 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €51,530 | €55,051 | +€3,521 | +6.8% |
| Income taxes | 67/77 | €19,956 | €15,606 | -€4,350 | -21.8% |
| Profit (loss) for the period | 9904 | €31,574 | €39,445 | +€7,871 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,574 | €39,445 | +€7,871 | +24.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.