Virtual Trading Services & Consulting: 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 Trading Services & Consulting
Largest movements
- Receivables within one year +€6,952
up €6,952 (+29.9%), from €23,247 to €30,199
of which Trade receivables: +€12,415
- Deferred charges and accrued income -€5,236
no longer reported in 2025 (was €5,236)
- Tangible fixed assets +€2,767
up €2,767 (+97.7%), from €2,833 to €5,600
of which Furniture and vehicles: +€3,161
- Stocks and contracts -€2,580
down €2,580 (-2.9%), from €87,780 to €85,200
- Other debts +€25,673
up €25,673 (+48.2%), from €53,266 to €78,939
- Profit (loss) carried forward -€23,716
down €23,716 (-12.6%), from -€188,527 to -€212,243
- Trade debts -€7,815
down €7,815 (-30.6%), from €25,514 to €17,699
- Advances received +€7,500
up €7,500, from €0 to €7,500
- Gross operating margin -€2,514
down €2,514 (-16.8%), from -€14,955 to -€17,469
- Financial charges +€1,237
up €1,237 (+377%), from €328 to €1,565
- Depreciation +€1,062
up €1,062 (+70.2%), from €1,513 to €2,574
- Other operating charges +€728
up €728 (+52.8%), from €1,380 to €2,108
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 | €122,515 | €124,156 | +€1,642 | +1.3% |
| Fixed assets | 21/28 | €3,333 | €6,100 | +€2,767 | +83.0% |
| Tangible fixed assets | 22/27 | €2,833 | €5,600 | +€2,767 | +97.7% |
| Land and buildings | 22 | - | €1,119 | +€1,119 | |
| Plant, machinery and equipment | 23 | €2,833 | €1,321 | -€1,513 | -53.4% |
| Furniture and vehicles | 24 | €0 | €3,161 | +€3,161 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €119,182 | €118,056 | -€1,126 | -0.9% |
| Stocks and contracts in progress | 3 | €87,780 | €85,200 | -€2,580 | -2.9% |
| Stocks | 30/36 | €87,780 | €85,200 | -€2,580 | -2.9% |
| Amounts receivable within one year | 40/41 | €23,247 | €30,199 | +€6,952 | +29.9% |
| Trade receivables | 40 | €16,839 | €29,254 | +€12,415 | +73.7% |
| Other amounts receivable | 41 | €6,408 | €945 | -€5,463 | -85.3% |
| Cash at bank and in hand | 54/58 | €2,919 | €2,656 | -€262 | -9.0% |
| Deferred charges and accrued income | 490/1 | €5,236 | - | -€5,236 | |
| Total equity and liabilities | 10/49 | €122,515 | €124,156 | +€1,642 | +1.3% |
| Equity | 10/15 | -€156,266 | -€179,982 | -€23,716 | -15.2% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €7,462 | €7,462 | = | 0.0% |
| Distributable reserves | 133 | €7,462 | €7,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,527 | -€212,243 | -€23,716 | -12.6% |
| Amounts payable | 17/49 | €278,780 | €304,138 | +€25,358 | +9.1% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,780 | €104,138 | +€25,358 | +32.2% |
| Trade debts | 44 | €25,514 | €17,699 | -€7,815 | -30.6% |
| Suppliers | 440/4 | €25,514 | €17,699 | -€7,815 | -30.6% |
| Advances received on contracts in progress | 46 | €0 | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | €53,266 | €78,939 | +€25,673 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €2,574 | +€1,062 | +70.2% |
| Other operating charges | 640/8 | €1,380 | €2,108 | +€728 | +52.8% |
| Gross operating margin | 9900 | -€14,955 | -€17,469 | -€2,514 | -16.8% |
| Operating profit (loss) | 9901 | -€17,847 | -€22,151 | -€4,304 | -24.1% |
| Financial charges | 65/66B | €328 | €1,565 | +€1,237 | +377% |
| Recurring financial charges | 65 | €328 | €1,565 | +€1,237 | +377% |
| Profit (loss) for the period before taxes | 9903 | -€18,175 | -€23,716 | -€5,541 | -30.5% |
| Profit (loss) for the period | 9904 | -€18,175 | -€23,716 | -€5,541 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,175 | -€23,716 | -€5,541 | -30.5% |
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 29 October 2026 via checked.be.