VIRSAN: 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.
VIRSAN
Largest movements
- Cash +€20,574
up €20,574 (+39.4%), from €52,231 to €72,805
mainly Net result for the year (+€18,346) and Depreciation (+€17,651)
- Tangible fixed assets -€14,072
down €14,072 (-3.8%), from €367,273 to €353,201
of which Land and buildings: -€13,896
- Reserves +€18,346
up €18,346 (+19.5%), from €93,868 to €112,214
of which Distributable reserves: +€18,346
- Other debts -€11,044
down €11,044 (-4.3%), from €255,068 to €244,024
- Gross operating margin +€4,757
up €4,757 (+11.1%), from €42,818 to €47,575
- Financial income -€979
no longer reported in 2025 (was €979)
of which Financial income: -€979
- Taxes +€702
up €702 (+11.7%), from €5,983 to €6,685
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 | €419,504 | €426,006 | +€6,502 | +1.5% |
| Fixed assets | 21/28 | €367,273 | €353,201 | -€14,072 | -3.8% |
| Tangible fixed assets | 22/27 | €367,273 | €353,201 | -€14,072 | -3.8% |
| Land and buildings | 22 | €366,454 | €352,558 | -€13,896 | -3.8% |
| Plant, machinery and equipment | 23 | €819 | €643 | -€176 | -21.5% |
| Current assets | 29/58 | €52,231 | €72,805 | +€20,574 | +39.4% |
| Cash at bank and in hand | 54/58 | €52,231 | €72,805 | +€20,574 | +39.4% |
| Total equity and liabilities | 10/49 | €419,504 | €426,006 | +€6,502 | +1.5% |
| Equity | 10/15 | €155,868 | €174,214 | +€18,346 | +11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €93,868 | €112,214 | +€18,346 | +19.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €87,668 | €106,014 | +€18,346 | +20.9% |
| Amounts payable | 17/49 | €263,636 | €251,792 | -€11,844 | -4.5% |
| Amounts payable within one year | 42/48 | €263,636 | €251,792 | -€11,844 | -4.5% |
| Trade debts | 44 | - | €1,089 | +€1,089 | |
| Suppliers | 440/4 | - | €1,089 | +€1,089 | |
| Taxes, remuneration and social security | 45 | €8,568 | €6,679 | -€1,889 | -22.0% |
| Taxes | 450/3 | €8,568 | €6,679 | -€1,889 | -22.0% |
| Other amounts payable | 47/48 | €255,068 | €244,024 | -€11,044 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,193 | €17,651 | +€458 | +2.7% |
| Other operating charges | 640/8 | €4,662 | €4,848 | +€186 | +4.0% |
| Gross operating margin | 9900 | €42,818 | €47,575 | +€4,757 | +11.1% |
| Operating profit (loss) | 9901 | €20,963 | €25,076 | +€4,113 | +19.6% |
| Financial income | 75/76B | €979 | - | -€979 | |
| Recurring financial income | 75 | €979 | - | -€979 | |
| Non-recurring financial income | 76B | €979 | - | -€979 | |
| Financial charges | 65/66B | €75 | €45 | -€30 | -40.0% |
| Recurring financial charges | 65 | €75 | €45 | -€30 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €21,867 | €25,031 | +€3,164 | +14.5% |
| Income taxes | 67/77 | €5,983 | €6,685 | +€702 | +11.7% |
| Profit (loss) for the period | 9904 | €15,884 | €18,346 | +€2,462 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,884 | €18,346 | +€2,462 | +15.5% |
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 5 October 2026 via checked.be.