VIRIDAXIS: 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.
What changed
VIRIDAXIS
NACE 72.109, Other research and development on natural sciences
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€801,809
2023 · €262,473+€539,336
Equity
€6.0m
2023 · €5.4m+€601,219
Cash
€597,242
2023 · €1.4m-€773,260
Balance sheet total
€8.0m
2023 · €8.4m-€391,605
Largest movements
Assets
- Current investments +€800,000
new in 2024: €800,000
- Cash -€773,260
down €773,260 (-56.4%), from €1.4m to €597,242
mainly Current investments (-€800,000) and Trade debts (-€665,802)
- Tangible fixed assets -€311,931
down €311,931 (-9.3%), from €3.3m to €3.0m
of which Land and buildings: -€235,764
- Receivables within one year -€240,453
down €240,453 (-11.6%), from €2.1m to €1.8m
of which Other amounts receivable: -€126,706
- Stocks and contracts +€133,524
up €133,524 (+8.6%), from €1.5m to €1.7m
Equity and liabilities
- Trade debts -€665,802
down €665,802 (-35.2%), from €1.9m to €1.2m
- Profit (loss) carried forward +€601,719
up €601,719 (+29.9%), from €2.0m to €2.6m
- Debts after one year -€171,632
down €171,632 (-73.3%), from €234,187 to €62,555
of which Financial debts: -€171,632
Income statement
- Turnover -€9.5m
no longer reported in 2024 (was €9.5m)
- Services and other goods -€5.5m
no longer reported in 2024 (was €5.5m)
- Gross operating margin +€3.8m
new in 2024: €3.8m
- Goods and materials -€944,131
no longer reported in 2024 (was €944,131)
of which Purchases: -€966,456
- Taxes +€113,650
up €113,650 (+92.6%), from €122,768 to €236,418
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.
Result 2023
€262,473
Turnover
-€9.5m
Other operating income
-€68,082
Goods and materials
+€944,131
Services and other goods
+€5.5m
Staff costs
+€26,286
Depreciation
+€109,377
Other operating charges
-€1,629
Other operating items
+€3.5m
Financial income
+€1,299
Financial charges
+€112,053
Taxes
-€113,650
Result 2024
€801,809
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.
From operations
+€843,665
Investment
-€1.2m
Financing
-€405,179
Cash 2023
€1.4m
From operations (derived)
+€843,665
Net result for the year
+€801,809
Depreciation
+€723,678
Stocks and contracts
-€133,524
Receivables within one year
+€240,453
Smaller working-capital items
-€552
Trade debts
-€665,802
Tax, wage and social debts
-€53,589
Other debts
-€68,808
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€411,747
Current investments
-€800,000
Financing
-€405,179
Debts after one year
-€171,632
Current portion of long-term debt
-€32,956
Contributions, distributions and other
-€200,590
Cash 2024
€597,242
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,403,575 | €8,011,970 | -€391,605 | -4.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,356,961 | €3,045,030 | -€311,931 | -9.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,349,021 | €3,037,090 | -€311,931 | -9.3% |
| Land and buildings | 22 | €2,859,070 | €2,623,306 | -€235,764 | -8.2% |
| Plant, machinery and equipment | 23 | €415,468 | €351,765 | -€63,704 | -15.3% |
| Furniture and vehicles | 24 | €74,483 | €62,019 | -€12,464 | -16.7% |
| Financial fixed assets | 28 | €7,940 | €7,940 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,940 | - | -€7,940 | |
| Amounts receivable and cash guarantees | 285/8 | €7,940 | - | -€7,940 | |
| Current assets | 29/58 | €5,046,613 | €4,966,940 | -€79,674 | -1.6% |
| Stocks and contracts in progress | 3 | €1,549,635 | €1,683,159 | +€133,524 | +8.6% |
| Stocks | 30/36 | €1,549,635 | €1,683,159 | +€133,524 | +8.6% |
| Raw materials and consumables | 30/31 | €1,497,675 | - | -€1.5m | |
| Work in progress | 32 | €51,960 | - | -€51,960 | |
| Amounts receivable within one year | 40/41 | €2,080,907 | €1,840,454 | -€240,453 | -11.6% |
| Trade receivables | 40 | €1,527,498 | €1,413,751 | -€113,747 | -7.4% |
| Other amounts receivable | 41 | €553,409 | €426,703 | -€126,706 | -22.9% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €1,370,502 | €597,242 | -€773,260 | -56.4% |
| Deferred charges and accrued income | 490/1 | €45,568 | €46,084 | +€516 | +1.1% |
| Total equity and liabilities | 10/49 | €8,403,575 | €8,011,970 | -€391,605 | -4.7% |
| Equity | 10/15 | €5,379,872 | €5,981,091 | +€601,219 | +11.2% |
| Contributions | 10/11 | €2,806,819 | €2,806,819 | = | 0.0% |
| Capital | 10 | €2,806,819 | €2,806,819 | = | 0.0% |
| Issued capital | 100 | €2,806,819 | €2,806,819 | = | 0.0% |
| Reserves | 13 | €138,929 | €179,019 | +€40,091 | +28.9% |
| Non-distributable reserves | 130/1 | €138,929 | €179,019 | +€40,091 | +28.9% |
| Legal reserve | 130 | €138,929 | €179,019 | +€40,091 | +28.9% |
| Profit (loss) carried forward | 14 | €2,012,069 | €2,613,788 | +€601,719 | +29.9% |
| Investment grants | 15 | €422,055 | €381,464 | -€40,590 | -9.6% |
| Amounts payable | 17/49 | €3,023,702 | €2,030,879 | -€992,824 | -32.8% |
| Amounts payable after more than one year | 17 | €234,187 | €62,555 | -€171,632 | -73.3% |
| Financial debts | 170/4 | €231,787 | €60,155 | -€171,632 | -74.0% |
| Credit institutions | 173 | €231,787 | - | -€231,787 | |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,763,479 | €1,942,324 | -€821,155 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €204,589 | €171,632 | -€32,956 | -16.1% |
| Trade debts | 44 | €1,891,000 | €1,225,198 | -€665,802 | -35.2% |
| Suppliers | 440/4 | €1,891,000 | €1,225,198 | -€665,802 | -35.2% |
| Taxes, remuneration and social security | 45 | €266,003 | €212,415 | -€53,589 | -20.1% |
| Taxes | 450/3 | €43,255 | €46,125 | +€2,870 | +6.6% |
| Remuneration and social security | 454/9 | €222,749 | €166,290 | -€56,459 | -25.3% |
| Other amounts payable | 47/48 | €401,887 | €333,079 | -€68,808 | -17.1% |
| Accrued charges and deferred income | 492/3 | €26,036 | €26,000 | -€36 | -0.1% |
| Operating income | 70/76A | €9,779,840 | - | -€9.8m | |
| Turnover | 70 | €9,456,408 | - | -€9.5m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€25,820 | - | +€25,820 | |
| Own construction capitalised | 72 | €281,169 | - | -€281,169 | |
| Other operating income | 74 | €68,082 | - | -€68,082 | |
| Operating charges | 60/66A | €9,097,012 | - | -€9.1m | |
| Goods for resale, raw materials and consumables | 60 | €944,131 | - | -€944,131 | |
| Purchases | 600/8 | €966,456 | - | -€966,456 | |
| Change in stocks: decrease (increase) | 609 | -€22,324 | - | +€22,324 | |
| Services and other goods | 61 | €5,452,483 | - | -€5.5m | |
| Remuneration, social security and pensions | 62 | €1,839,580 | €1,813,294 | -€26,286 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833,054 | €723,678 | -€109,377 | -13.1% |
| Other operating charges | 640/8 | €27,764 | €29,392 | +€1,629 | +5.9% |
| Gross operating margin | 9900 | - | €3,788,826 | +€3.8m | |
| Operating profit (loss) | 9901 | €682,828 | €1,222,462 | +€539,634 | +79.0% |
| Financial income | 75/76B | €45,879 | €47,178 | +€1,299 | +2.8% |
| Recurring financial income | 75 | €45,879 | €47,178 | +€1,299 | +2.8% |
| Income from financial fixed assets | 750 | €1 | - | -€1 | |
| Income from current assets | 751 | €2 | - | -€2 | |
| Other financial income | 752/9 | €45,876 | - | -€45,876 | |
| Financial charges | 65/66B | €343,466 | €231,412 | -€112,053 | -32.6% |
| Recurring financial charges | 65 | €343,466 | €231,412 | -€112,053 | -32.6% |
| Debt charges | 650 | €341,765 | - | -€341,765 | |
| Other financial charges | 652/9 | €1,700 | - | -€1,700 | |
| Profit (loss) for the period before taxes | 9903 | €385,241 | €1,038,227 | +€652,986 | +169.5% |
| Income taxes | 67/77 | €122,768 | €236,418 | +€113,650 | +92.6% |
| Taxes | 670/3 | €122,768 | - | -€122,768 | |
| Profit (loss) for the period | 9904 | €262,473 | €801,809 | +€539,336 | +205.5% |
| Profit (loss) for the period to be appropriated | 9905 | €262,473 | €801,809 | +€539,336 | +205.5% |
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.