VIRSU: 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.
VIRSU
Largest movements
- Tangible fixed assets -€19,773
down €19,773 (-1.1%), from €1.8m to €1.7m
of which Land and buildings: -€23,649
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€939
down €939 (-99.8%), from €941 to €2
- Other operating charges -€888
down €888 (-13.0%), from €6,814 to €5,925
- Gross operating margin -€660
down €660 (-3.4%), from €19,594 to €18,934
- Depreciation +€263
up €263 (+1.0%), from €25,507 to €25,770
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 | €1,772,058 | €1,750,703 | -€21,355 | -1.2% |
| Fixed assets | 21/28 | €1,763,761 | €1,743,988 | -€19,773 | -1.1% |
| Tangible fixed assets | 22/27 | €1,763,761 | €1,743,988 | -€19,773 | -1.1% |
| Land and buildings | 22 | €1,760,691 | €1,737,041 | -€23,649 | -1.3% |
| Other tangible fixed assets | 26 | €3,070 | €6,947 | +€3,876 | +126.2% |
| Current assets | 29/58 | €8,296 | €6,715 | -€1,582 | -19.1% |
| Amounts receivable within one year | 40/41 | - | €699 | +€699 | |
| Other amounts receivable | 41 | - | €699 | +€699 | |
| Cash at bank and in hand | 54/58 | €2,235 | €5,147 | +€2,912 | +130.3% |
| Deferred charges and accrued income | 490/1 | €6,062 | €870 | -€5,192 | -85.7% |
| Total equity and liabilities | 10/49 | €1,772,058 | €1,750,703 | -€21,355 | -1.2% |
| Equity | 10/15 | €911,207 | €898,361 | -€12,846 | -1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €891,207 | €878,361 | -€12,846 | -1.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €889,207 | €876,361 | -€12,846 | -1.4% |
| Amounts payable | 17/49 | €860,851 | €852,341 | -€8,509 | -1.0% |
| Amounts payable within one year | 42/48 | €855,256 | €850,341 | -€4,914 | -0.6% |
| Trade debts | 44 | €2,233 | - | -€2,233 | |
| Suppliers | 440/4 | €2,233 | - | -€2,233 | |
| Other amounts payable | 47/48 | €853,022 | €850,341 | -€2,681 | -0.3% |
| Accrued charges and deferred income | 492/3 | €5,595 | €2,000 | -€3,595 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,507 | €25,770 | +€263 | +1.0% |
| Other operating charges | 640/8 | €6,814 | €5,925 | -€888 | -13.0% |
| Gross operating margin | 9900 | €19,594 | €18,934 | -€660 | -3.4% |
| Operating profit (loss) | 9901 | -€12,726 | -€12,761 | -€35 | -0.3% |
| Financial income | 75/76B | €5 | €153 | +€148 | +3003.4% |
| Recurring financial income | 75 | €5 | €153 | +€148 | +3003.4% |
| Financial charges | 65/66B | €129 | €236 | +€107 | +83.3% |
| Recurring financial charges | 65 | €129 | €236 | +€107 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,850 | -€12,844 | +€6 | 0.0% |
| Income taxes | 67/77 | €941 | €2 | -€939 | -99.8% |
| Profit (loss) for the period | 9904 | -€13,791 | -€12,846 | +€946 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,791 | -€12,846 | +€946 | +6.9% |
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.