VIRTUALPRODUCTS: 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.
VIRTUALPRODUCTS
Largest movements
- Cash +€220,652
up €220,652 (+264%), from €83,579 to €304,232
mainly Contributions, distributions and other (+€313,795) and Depreciation (+€100,351)
- Intangible fixed assets -€97,128
down €97,128 (-31.3%), from €310,275 to €213,148
- Receivables within one year -€39,602
down €39,602 (-44.6%), from €88,862 to €49,260
of which Trade receivables: -€35,518
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Stocks and contracts -€6,600
no longer reported in 2025 (was €6,600)
- Contributions +€346,858
up €346,858 (+1,870%), from €18,550 to €365,408
- Reserves -€195,191
no longer reported in 2025 (was €195,191)
- Debts after one year -€93,795
down €93,795 (-37.5%), from €250,000 to €156,205
- Current portion of long-term debt +€64,767
new in 2025: €64,767
- Profit (loss) carried forward -€62,586
new in 2025: -€62,586
- Staff costs -€129,167
down €129,167 (-43.1%), from €299,478 to €170,311
- Gross operating margin -€27,148
down €27,148 (-30.8%), from €88,092 to €60,944
- Depreciation -€7,496
down €7,496 (-7.0%), from €107,847 to €100,351
- Write-downs +€6,600
new in 2025: €6,600
- Financial income +€6,383
up €6,383 (+1,751%), from €364 to €6,748
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 | €523,466 | €572,368 | +€48,903 | +9.3% |
| Fixed assets | 21/28 | €316,693 | €216,666 | -€100,027 | -31.6% |
| Intangible fixed assets | 21 | €310,275 | €213,148 | -€97,128 | -31.3% |
| Tangible fixed assets | 22/27 | €6,418 | €2,019 | -€4,399 | -68.5% |
| Plant, machinery and equipment | 23 | €4,890 | €961 | -€3,929 | -80.3% |
| Furniture and vehicles | 24 | €1,528 | €1,058 | -€470 | -30.7% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €206,773 | €355,702 | +€148,929 | +72.0% |
| Stocks and contracts in progress | 3 | €6,600 | - | -€6,600 | |
| Stocks | 30/36 | €6,600 | - | -€6,600 | |
| Amounts receivable within one year | 40/41 | €88,862 | €49,260 | -€39,602 | -44.6% |
| Trade receivables | 40 | €70,226 | €34,708 | -€35,518 | -50.6% |
| Other amounts receivable | 41 | €18,636 | €14,551 | -€4,084 | -21.9% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €83,579 | €304,232 | +€220,652 | +264% |
| Deferred charges and accrued income | 490/1 | €2,732 | €2,211 | -€521 | -19.1% |
| Total equity and liabilities | 10/49 | €523,466 | €572,368 | +€48,903 | +9.3% |
| Equity | 10/15 | €213,741 | €302,822 | +€89,082 | +41.7% |
| Contributions | 10/11 | €18,550 | €365,408 | +€346,858 | +1,870% |
| Reserves | 13 | €195,191 | - | -€195,191 | |
| Distributable reserves | 133 | €195,191 | - | -€195,191 | |
| Profit (loss) carried forward | 14 | - | -€62,586 | -€62,586 | |
| Amounts payable | 17/49 | €309,725 | €269,546 | -€40,179 | -13.0% |
| Amounts payable after more than one year | 17 | €250,000 | €156,205 | -€93,795 | -37.5% |
| Financial debts | 170/4 | €250,000 | €156,205 | -€93,795 | -37.5% |
| Amounts payable within one year | 42/48 | €59,725 | €113,341 | +€53,616 | +89.8% |
| Current portion of amounts payable after more than one year | 42 | - | €64,767 | +€64,767 | |
| Trade debts | 44 | €27,274 | €30,902 | +€3,628 | +13.3% |
| Suppliers | 440/4 | €27,274 | €30,902 | +€3,628 | +13.3% |
| Taxes, remuneration and social security | 45 | €32,451 | €16,655 | -€15,795 | -48.7% |
| Taxes | 450/3 | €6,309 | €400 | -€5,909 | -93.7% |
| Remuneration and social security | 454/9 | €26,142 | €16,255 | -€9,887 | -37.8% |
| Other amounts payable | 47/48 | - | €1,017 | +€1,017 | |
| Non-recurring operating income | 76A | - | €1,765 | +€1,765 | |
| Remuneration, social security and pensions | 62 | €299,478 | €170,311 | -€129,167 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,847 | €100,351 | -€7,496 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,600 | +€6,600 | |
| Other operating charges | 640/8 | €753 | €730 | -€23 | -3.0% |
| Non-recurring operating charges | 66A | - | €1,745 | +€1,745 | |
| Gross operating margin | 9900 | €88,092 | €60,944 | -€27,148 | -30.8% |
| Operating profit (loss) | 9901 | -€319,985 | -€218,793 | +€101,193 | +31.6% |
| Financial income | 75/76B | €364 | €6,748 | +€6,383 | +1,751% |
| Recurring financial income | 75 | €364 | €6,748 | +€6,383 | +1,751% |
| Financial charges | 65/66B | €11,541 | €12,268 | +€727 | +6.3% |
| Recurring financial charges | 65 | €11,541 | €12,268 | +€727 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€331,163 | -€224,314 | +€106,849 | +32.3% |
| Income taxes | 67/77 | €212 | €400 | +€188 | +88.3% |
| Profit (loss) for the period | 9904 | -€331,375 | -€224,714 | +€106,661 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€331,375 | -€224,714 | +€106,661 | +32.2% |
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 15 October 2026 via checked.be.