VIRIMMO: 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.
What changed
VIRIMMO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€356,411
2024 · €87,935-€444,346
Equity
€10.6m
2024 · €10.9m-€356,411
Cash
€302,519
2024 · €206,333+€96,186
Balance sheet total
€51.2m
2024 · €39.8m+€11.4m
Largest movements
Assets
- Tangible fixed assets +€16.3m
up €16.3m (+99.8%), from €16.3m to €32.6m
of which Land and buildings: +€16.3m
- Current investments -€3.2m
no longer reported in 2025 (was €3.2m)
- Stocks and contracts -€2.8m
no longer reported in 2025 (was €2.8m)
- Receivables within one year +€1.0m
up €1.0m (+52.3%), from €1.9m to €2.9m
of which Trade receivables: +€1.1m
Equity and liabilities
- Other debts +€9.9m
up €9.9m (+64.3%), from €15.4m to €25.2m
- Current portion of long-term debt +€2.5m
up €2.5m (+326.9%), from €765,019 to €3.3m
- Debts after one year -€679,838
down €679,838 (-7.9%), from €8.6m to €7.9m
of which Financial debts: -€766,095
Income statement
- Depreciation +€1.3m
up €1.3m (+90.9%), from €1.4m to €2.7m
- Gross operating margin +€899,789
up €899,789 (+42.7%), from €2.1m to €3.0m
- Financial income -€349,504
down €349,504 (-62.6%), from €557,921 to €208,417
of which Non-recurring financial income: -€265,462
- Financial charges -€270,100
down €270,100 (-44.5%), from €606,799 to €336,699
- Staff costs +€58,022
up €58,022 (+74.5%), from €77,917 to €135,939
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.
Result 2024
€87,935
Gross operating margin
+€899,789
Staff costs
-€58,022
Depreciation
-€1.3m
Write-downs
+€12,705
Other operating charges
-€33,160
Other operating items
+€122,560
Financial income
-€349,504
Financial charges
+€270,100
Taxes
-€5,463
Result 2025
-€356,411
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.
From operations
+€14.4m
Investment
-€15.9m
Financing
+€1.5m
Cash 2024
€206,333
From operations (derived)
+€14.4m
Net result for the year
-€356,411
Depreciation
+€2.7m
Stocks and contracts
+€2.8m
Receivables within one year
-€1.0m
Smaller working-capital items
+€24,504
Trade debts
+€345,080
Other debts
+€9.9m
Investment (derived)
-€15.9m
Investment in fixed assets (net)
-€19.1m
Current investments
+€3.2m
Financing
+€1.5m
Debts after one year
-€679,838
Current portion of long-term debt
+€2.5m
Short-term financial debts
-€300,000
Cash 2025
€302,519
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,802,264 | €51,217,502 | +€11.4m | +28.7% |
| Fixed assets | 21/28 | €31,662,019 | €47,975,756 | +€16.3m | +51.5% |
| Intangible fixed assets | 21 | €948,522 | €830,151 | -€118,372 | -12.5% |
| Tangible fixed assets | 22/27 | €16,323,171 | €32,616,014 | +€16.3m | +99.8% |
| Land and buildings | 22 | €13,969,271 | €30,274,582 | +€16.3m | +116.7% |
| Plant, machinery and equipment | 23 | €51,026 | €37,487 | -€13,539 | -26.5% |
| Furniture and vehicles | 24 | €153,683 | €165,371 | +€11,688 | +7.6% |
| Other tangible fixed assets | 26 | €2,149,191 | €2,138,575 | -€10,616 | -0.5% |
| Financial fixed assets | 28 | €14,390,326 | €14,529,591 | +€139,265 | +1.0% |
| Current assets | 29/58 | €8,140,245 | €3,241,746 | -€4.9m | -60.2% |
| Stocks and contracts in progress | 3 | €2,800,786 | - | -€2.8m | |
| Stocks | 30/36 | €2,800,786 | - | -€2.8m | |
| Amounts receivable within one year | 40/41 | €1,920,949 | €2,925,198 | +€1.0m | +52.3% |
| Trade receivables | 40 | €320,474 | €1,375,853 | +€1.1m | +329.3% |
| Other amounts receivable | 41 | €1,600,475 | €1,549,345 | -€51,129 | -3.2% |
| Current investments | 50/53 | €3,200,000 | - | -€3.2m | |
| Cash at bank and in hand | 54/58 | €206,333 | €302,519 | +€96,186 | +46.6% |
| Deferred charges and accrued income | 490/1 | €12,176 | €14,029 | +€1,853 | +15.2% |
| Total equity and liabilities | 10/49 | €39,802,264 | €51,217,502 | +€11.4m | +28.7% |
| Equity | 10/15 | €10,942,128 | €10,585,717 | -€356,411 | -3.3% |
| Contributions | 10/11 | €4,094,633 | €4,094,633 | = | 0.0% |
| Capital | 10 | €4,094,633 | €4,094,633 | = | 0.0% |
| Issued capital | 100 | €4,094,633 | €4,094,633 | = | 0.0% |
| Reserves | 13 | €365,353 | €365,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €365,353 | €365,353 | = | 0.0% |
| Legal reserve | 130 | €365,353 | €365,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,482,143 | €6,125,732 | -€356,411 | -5.5% |
| Amounts payable | 17/49 | €28,860,135 | €40,631,785 | +€11.8m | +40.8% |
| Amounts payable after more than one year | 17 | €8,591,949 | €7,912,110 | -€679,838 | -7.9% |
| Financial debts | 170/4 | €8,577,425 | €7,811,330 | -€766,095 | -8.9% |
| Other amounts payable | 178/9 | €14,524 | €100,781 | +€86,257 | +593.9% |
| Amounts payable within one year | 42/48 | €20,266,773 | €32,718,249 | +€12.5m | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €765,019 | €3,266,095 | +€2.5m | +326.9% |
| Financial debts | 43 | €3,850,000 | €3,550,000 | -€300,000 | -7.8% |
| Credit institutions | 430/8 | €3,850,000 | €3,550,000 | -€300,000 | -7.8% |
| Trade debts | 44 | €272,922 | €618,002 | +€345,080 | +126.4% |
| Suppliers | 440/4 | €272,922 | €618,002 | +€345,080 | +126.4% |
| Taxes, remuneration and social security | 45 | €12,210 | €38,555 | +€26,345 | +215.8% |
| Taxes | 450/3 | €6,306 | €29,482 | +€23,176 | +367.5% |
| Remuneration and social security | 454/9 | €5,904 | €9,074 | +€3,170 | +53.7% |
| Other amounts payable | 47/48 | €15,366,622 | €25,245,596 | +€9.9m | +64.3% |
| Accrued charges and deferred income | 492/3 | €1,414 | €1,426 | +€12 | +0.8% |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Remuneration, social security and pensions | 62 | €77,917 | €135,939 | +€58,022 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434,272 | €2,737,621 | +€1.3m | +90.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,705 | - | -€12,705 | |
| Other operating charges | 640/8 | €323,834 | €356,995 | +€33,160 | +10.2% |
| Non-recurring operating charges | 66A | €122,560 | - | -€122,560 | |
| Gross operating margin | 9900 | €2,109,127 | €3,008,916 | +€899,789 | +42.7% |
| Operating profit (loss) | 9901 | €137,840 | -€221,640 | -€359,479 | |
| Financial income | 75/76B | €557,921 | €208,417 | -€349,504 | -62.6% |
| Recurring financial income | 75 | €292,459 | €208,417 | -€84,042 | -28.7% |
| Non-recurring financial income | 76B | €265,462 | - | -€265,462 | |
| Financial charges | 65/66B | €606,799 | €336,699 | -€270,100 | -44.5% |
| Recurring financial charges | 65 | €606,799 | €336,699 | -€270,100 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €88,962 | -€349,921 | -€438,883 | |
| Income taxes | 67/77 | €1,027 | €6,490 | +€5,463 | +531.9% |
| Profit (loss) for the period | 9904 | €87,935 | -€356,411 | -€444,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,935 | -€356,411 | -€444,346 |
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 30 September 2026 via checked.be.