VIROUX: 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.
VIROUX
Largest movements
- Cash +€490,091
up €490,091 (+80.9%), from €605,937 to €1.1m
mainly Net result for the year (+€383,334) and Current investments (+€300,000)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year +€179,938
up €179,938 (+22.8%), from €788,547 to €968,485
- Stocks and contracts +€41,046
up €41,046 (+4.0%), from €1.0m to €1.1m
- Reserves +€301,668
up €301,668 (+17.8%), from €1.7m to €2.0m
of which Distributable reserves: +€301,668
- Tax, wage and social debts +€239,706
up €239,706 (+207.9%), from €115,271 to €354,977
of which Taxes: +€231,749
- Other debts -€219,232
down €219,232 (-59.5%), from €368,733 to €149,501
- Trade debts +€114,610
up €114,610 (+33.4%), from €342,959 to €457,569
- Gross operating margin -€172,608
down €172,608 (-13.0%), from €1.3m to €1.2m
- Taxes +€21,026
up €21,026 (+24.8%), from €84,795 to €105,821
- Staff costs +€16,436
up €16,436 (+3.7%), from €447,612 to €464,048
- Financial charges -€15,144
down €15,144 (-34.9%), from €43,337 to €28,194
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 | €3,180,421 | €3,574,364 | +€393,944 | +12.4% |
| Fixed assets | 21/28 | €395,603 | €409,211 | +€13,607 | +3.4% |
| Tangible fixed assets | 22/27 | €395,162 | €408,770 | +€13,607 | +3.4% |
| Land and buildings | 22 | €137,016 | €207,271 | +€70,255 | +51.3% |
| Plant, machinery and equipment | 23 | €19,170 | €18,140 | -€1,030 | -5.4% |
| Furniture and vehicles | 24 | €238,976 | €183,358 | -€55,618 | -23.3% |
| Financial fixed assets | 28 | €441 | €441 | = | 0.0% |
| Current assets | 29/58 | €2,784,817 | €3,165,154 | +€380,336 | +13.7% |
| Stocks and contracts in progress | 3 | €1,023,245 | €1,064,291 | +€41,046 | +4.0% |
| Stocks | 30/36 | €1,023,245 | €1,064,291 | +€41,046 | +4.0% |
| Amounts receivable within one year | 40/41 | €788,547 | €968,485 | +€179,938 | +22.8% |
| Trade receivables | 40 | €788,547 | €968,485 | +€179,938 | +22.8% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €605,937 | €1,096,028 | +€490,091 | +80.9% |
| Deferred charges and accrued income | 490/1 | €67,088 | €36,350 | -€30,739 | -45.8% |
| Total equity and liabilities | 10/49 | €3,180,421 | €3,574,364 | +€393,944 | +12.4% |
| Equity | 10/15 | €2,234,983 | €2,531,460 | +€296,478 | +13.3% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Reserves | 13 | €1,691,583 | €1,993,251 | +€301,668 | +17.8% |
| Non-distributable reserves | 130/1 | €53,500 | €53,500 | = | 0.0% |
| Legal reserve | 130 | €53,500 | €53,500 | = | 0.0% |
| Distributable reserves | 133 | €1,638,083 | €1,939,751 | +€301,668 | +18.4% |
| Investment grants | 15 | €8,400 | €3,210 | -€5,190 | -61.8% |
| Provisions and deferred taxes | 16 | €992 | €992 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €992 | €992 | = | 0.0% |
| Pensions and similar obligations | 160 | €992 | €992 | = | 0.0% |
| Amounts payable | 17/49 | €944,446 | €1,041,912 | +€97,466 | +10.3% |
| Amounts payable after more than one year | 17 | €50,029 | €18,717 | -€31,312 | -62.6% |
| Financial debts | 170/4 | €50,029 | €18,717 | -€31,312 | -62.6% |
| Amounts payable within one year | 42/48 | €893,278 | €1,021,983 | +€128,706 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €37,571 | €31,312 | -€6,259 | -16.7% |
| Financial debts | 43 | €28,743 | €28,625 | -€119 | -0.4% |
| Credit institutions | 430/8 | €28,743 | €28,625 | -€119 | -0.4% |
| Trade debts | 44 | €342,959 | €457,569 | +€114,610 | +33.4% |
| Suppliers | 440/4 | €342,959 | €457,569 | +€114,610 | +33.4% |
| Taxes, remuneration and social security | 45 | €115,271 | €354,977 | +€239,706 | +207.9% |
| Taxes | 450/3 | €74,319 | €306,068 | +€231,749 | +311.8% |
| Remuneration and social security | 454/9 | €40,952 | €48,909 | +€7,957 | +19.4% |
| Other amounts payable | 47/48 | €368,733 | €149,501 | -€219,232 | -59.5% |
| Accrued charges and deferred income | 492/3 | €1,140 | €1,212 | +€72 | +6.3% |
| Non-recurring operating income | 76A | €5,796 | €7,437 | +€1,642 | +28.3% |
| Remuneration, social security and pensions | 62 | €447,612 | €464,048 | +€16,436 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,132 | €159,906 | -€226 | -0.1% |
| Other operating charges | 640/8 | €17,865 | €18,193 | +€328 | +1.8% |
| Gross operating margin | 9900 | €1,323,023 | €1,150,416 | -€172,608 | -13.0% |
| Operating profit (loss) | 9901 | €697,414 | €508,269 | -€189,145 | -27.1% |
| Financial income | 75/76B | €11,870 | €9,079 | -€2,790 | -23.5% |
| Recurring financial income | 75 | €11,870 | €9,079 | -€2,790 | -23.5% |
| Financial charges | 65/66B | €43,337 | €28,194 | -€15,144 | -34.9% |
| Recurring financial charges | 65 | €43,337 | €28,194 | -€15,144 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €665,946 | €489,154 | -€176,792 | -26.5% |
| Income taxes | 67/77 | €84,795 | €105,821 | +€21,026 | +24.8% |
| Profit (loss) for the period | 9904 | €581,152 | €383,334 | -€197,818 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €581,152 | €383,334 | -€197,818 | -34.0% |
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 4 October 2026 via checked.be.