Virtual Property Partners: 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.
Virtual Property Partners
Largest movements
- Receivables within one year +€10,462
up €10,462 (+36.2%), from €28,883 to €39,345
of which Trade receivables: +€11,164
- Tangible fixed assets -€4,210
down €4,210 (-30.4%), from €13,853 to €9,643
of which Plant, machinery and equipment: -€5,903
- Cash -€2,855
down €2,855 (-11.5%), from €24,902 to €22,048
mainly Contributions, distributions and other (-€50,833) and Debts after one year (-€17,500)
- Other debts +€24,162
new in 2025: €24,162
- Debts after one year -€17,500
no longer reported in 2025 (was €17,500)
- Profit (loss) carried forward -€16,394
down €16,394 (-76.5%), from €21,421 to €5,027
- Trade debts +€7,697
up €7,697 (+88.8%), from €8,667 to €16,363
- Tax, wage and social debts +€5,190
up €5,190 (+26.7%), from €19,432 to €24,622
of which Taxes: +€8,022
- Gross operating margin +€28,797
up €28,797 (+32.3%), from €89,235 to €118,032
- Taxes +€9,671
up €9,671 (+127%), from €7,601 to €17,272
- Financial charges +€4,073
up €4,073 (+240%), from €1,696 to €5,769
- Other operating charges +€2,338
up €2,338 (+296%), from €790 to €3,127
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.
Derived cash bridge
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 | €72,021 | €75,175 | +€3,154 | +4.4% |
| Fixed assets | 21/28 | €17,102 | €12,627 | -€4,475 | -26.2% |
| Intangible fixed assets | 21 | €3,235 | €2,970 | -€265 | -8.2% |
| Tangible fixed assets | 22/27 | €13,853 | €9,643 | -€4,210 | -30.4% |
| Plant, machinery and equipment | 23 | €12,862 | €6,960 | -€5,903 | -45.9% |
| Furniture and vehicles | 24 | €990 | €2,683 | +€1,693 | +171% |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €54,919 | €62,548 | +€7,629 | +13.9% |
| Amounts receivable within one year | 40/41 | €28,883 | €39,345 | +€10,462 | +36.2% |
| Trade receivables | 40 | €27,984 | €39,148 | +€11,164 | +39.9% |
| Other amounts receivable | 41 | €899 | €197 | -€702 | -78.1% |
| Cash at bank and in hand | 54/58 | €24,902 | €22,048 | -€2,855 | -11.5% |
| Deferred charges and accrued income | 490/1 | €1,133 | €1,155 | +€22 | +1.9% |
| Total equity and liabilities | 10/49 | €72,021 | €75,175 | +€3,154 | +4.4% |
| Equity | 10/15 | €26,421 | €10,027 | -€16,394 | -62.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,421 | €5,027 | -€16,394 | -76.5% |
| Amounts payable | 17/49 | €45,599 | €65,148 | +€19,548 | +42.9% |
| Amounts payable after more than one year | 17 | €17,500 | - | -€17,500 | |
| Financial debts | 170/4 | €17,500 | - | -€17,500 | |
| Amounts payable within one year | 42/48 | €28,099 | €65,148 | +€37,048 | +132% |
| Trade debts | 44 | €8,667 | €16,363 | +€7,697 | +88.8% |
| Suppliers | 440/4 | €8,667 | €16,363 | +€7,697 | +88.8% |
| Taxes, remuneration and social security | 45 | €19,432 | €24,622 | +€5,190 | +26.7% |
| Taxes | 450/3 | €10,446 | €18,468 | +€8,022 | +76.8% |
| Remuneration and social security | 454/9 | €8,986 | €6,154 | -€2,833 | -31.5% |
| Other amounts payable | 47/48 | - | €24,162 | +€24,162 | |
| Remuneration, social security and pensions | 62 | €44,713 | €45,890 | +€1,177 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €11,758 | -€1,009 | -7.9% |
| Other operating charges | 640/8 | €790 | €3,127 | +€2,338 | +296% |
| Gross operating margin | 9900 | €89,235 | €118,032 | +€28,797 | +32.3% |
| Operating profit (loss) | 9901 | €30,965 | €57,256 | +€26,291 | +84.9% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €1,696 | €5,769 | +€4,073 | +240% |
| Recurring financial charges | 65 | €1,696 | €5,769 | +€4,073 | +240% |
| Profit (loss) for the period before taxes | 9903 | €29,269 | €51,711 | +€22,442 | +76.7% |
| Income taxes | 67/77 | €7,601 | €17,272 | +€9,671 | +127% |
| Profit (loss) for the period | 9904 | €21,667 | €34,439 | +€12,771 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,667 | €34,439 | +€12,771 | +58.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.