VIRTUALL: 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.
VIRTUALL
Largest movements
- Tangible fixed assets -€64,846
down €64,846 (-7.4%), from €871,205 to €806,359
of which Furniture and vehicles: -€33,751
- Cash +€17,783
up €17,783 (+10.8%), from €165,349 to €183,133
mainly Depreciation (+€72,950) and Net result for the year (+€52,342)
- Reserves +€52,342
up €52,342 (+12.8%), from €409,453 to €461,795
- Accrued charges and deferred income -€45,443
no longer reported in 2025 (was €45,443)
- Debts after one year -€22,552
down €22,552 (-4.9%), from €464,243 to €441,691
- Other debts -€22,231
down €22,231 (-84.7%), from €26,254 to €4,024
- Tax, wage and social debts -€21,030
down €21,030 (-90.4%), from €23,254 to €2,224
- Depreciation +€33,548
up €33,548 (+85.1%), from €39,402 to €72,950
- Gross operating margin -€28,415
down €28,415 (-14.3%), from €199,202 to €170,786
- Taxes -€15,846
down €15,846 (-39.2%), from €40,449 to €24,603
- Financial income +€3,757
up €3,757 (+2034.7%), from €185 to €3,942
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 | €1,084,579 | €1,027,873 | -€56,707 | -5.2% |
| Fixed assets | 21/28 | €871,469 | €806,623 | -€64,846 | -7.4% |
| Tangible fixed assets | 22/27 | €871,205 | €806,359 | -€64,846 | -7.4% |
| Land and buildings | 22 | €677,591 | €648,596 | -€28,995 | -4.3% |
| Plant, machinery and equipment | 23 | €4,055 | €1,956 | -€2,100 | -51.8% |
| Furniture and vehicles | 24 | €189,559 | €155,807 | -€33,751 | -17.8% |
| Financial fixed assets | 28 | €264 | €264 | = | 0.0% |
| Current assets | 29/58 | €213,110 | €221,249 | +€8,140 | +3.8% |
| Amounts receivable within one year | 40/41 | €41,907 | €31,313 | -€10,593 | -25.3% |
| Trade receivables | 40 | €12,907 | €16,916 | +€4,009 | +31.1% |
| Other amounts receivable | 41 | €29,000 | €14,397 | -€14,603 | -50.4% |
| Cash at bank and in hand | 54/58 | €165,349 | €183,133 | +€17,783 | +10.8% |
| Deferred charges and accrued income | 490/1 | €5,854 | €6,803 | +€950 | +16.2% |
| Total equity and liabilities | 10/49 | €1,084,579 | €1,027,873 | -€56,707 | -5.2% |
| Equity | 10/15 | €421,853 | €474,195 | +€52,342 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €409,453 | €461,795 | +€52,342 | +12.8% |
| Distributable reserves | 133 | €409,453 | €461,795 | +€52,342 | +12.8% |
| Amounts payable | 17/49 | €662,726 | €553,678 | -€109,048 | -16.5% |
| Amounts payable after more than one year | 17 | €464,243 | €441,691 | -€22,552 | -4.9% |
| Financial debts | 170/4 | €464,243 | €441,691 | -€22,552 | -4.9% |
| Amounts payable within one year | 42/48 | €153,039 | €111,986 | -€41,053 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €88,019 | €97,857 | +€9,838 | +11.2% |
| Trade debts | 44 | €12,054 | €7,881 | -€4,173 | -34.6% |
| Suppliers | 440/4 | €12,054 | €7,881 | -€4,173 | -34.6% |
| Advances received on contracts in progress | 46 | €3,458 | - | -€3,458 | |
| Taxes, remuneration and social security | 45 | €23,254 | €2,224 | -€21,030 | -90.4% |
| Taxes | 450/3 | €23,254 | €2,224 | -€21,030 | -90.4% |
| Other amounts payable | 47/48 | €26,254 | €4,024 | -€22,231 | -84.7% |
| Accrued charges and deferred income | 492/3 | €45,443 | - | -€45,443 | |
| Non-recurring operating income | 76A | €5,112 | - | -€5,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,402 | €72,950 | +€33,548 | +85.1% |
| Other operating charges | 640/8 | €7,379 | €8,759 | +€1,380 | +18.7% |
| Gross operating margin | 9900 | €199,202 | €170,786 | -€28,415 | -14.3% |
| Operating profit (loss) | 9901 | €152,421 | €89,077 | -€63,344 | -41.6% |
| Financial income | 75/76B | €185 | €3,942 | +€3,757 | +2034.7% |
| Recurring financial income | 75 | €185 | €3,942 | +€3,757 | +2034.7% |
| Financial charges | 65/66B | €14,991 | €16,075 | +€1,084 | +7.2% |
| Recurring financial charges | 65 | €14,991 | €16,075 | +€1,084 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €137,615 | €76,944 | -€60,670 | -44.1% |
| Income taxes | 67/77 | €40,449 | €24,603 | -€15,846 | -39.2% |
| Profit (loss) for the period | 9904 | €97,166 | €52,342 | -€44,824 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,166 | €52,342 | -€44,824 | -46.1% |
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 9 October 2026 via checked.be.