VIRTUO: 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.
VIRTUO
Largest movements
- Financial fixed assets -€145,720
down €145,720 (-100.0%), from €145,720 to €0
- Receivables within one year +€64,741
up €64,741 (+61.8%), from €104,696 to €169,437
of which Trade receivables: +€61,872
- Tangible fixed assets +€41,536
up €41,536 (+9.1%), from €456,684 to €498,220
of which Land and buildings: +€41,484
- Cash -€10,434
down €10,434 (-89.0%), from €11,729 to €1,296
mainly Net result for the year (-€94,043) and Receivables within one year (-€64,741)
- Profit (loss) carried forward -€94,043
down €94,043 (-143.5%), from -€65,531 to -€159,575
- Trade debts +€25,657
up €25,657 (+185.4%), from €13,836 to €39,492
- Other debts +€24,012
up €24,012 (+70.3%), from €34,163 to €58,175
- Other operating charges +€96,883
up €96,883 (+1993.2%), from €4,861 to €101,744
- Purchases and services +€2,896
up €2,896 (+8.3%), from €34,789 to €37,685
- Gross operating margin -€2,479
down €2,479 (-3.5%), from €70,094 to €67,615
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 | €718,830 | €668,953 | -€49,877 | -6.9% |
| Fixed assets | 21/28 | €602,404 | €498,220 | -€104,184 | -17.3% |
| Tangible fixed assets | 22/27 | €456,684 | €498,220 | +€41,536 | +9.1% |
| Land and buildings | 22 | €423,374 | €464,858 | +€41,484 | +9.8% |
| Plant, machinery and equipment | 23 | €417 | €2,954 | +€2,537 | +608.3% |
| Furniture and vehicles | 24 | €32,894 | €30,408 | -€2,485 | -7.6% |
| Financial fixed assets | 28 | €145,720 | €0 | -€145,720 | -100.0% |
| Current assets | 29/58 | €116,426 | €170,733 | +€54,307 | +46.6% |
| Amounts receivable within one year | 40/41 | €104,696 | €169,437 | +€64,741 | +61.8% |
| Trade receivables | 40 | €101,014 | €162,886 | +€61,872 | +61.3% |
| Other amounts receivable | 41 | €3,682 | €6,551 | +€2,869 | +77.9% |
| Cash at bank and in hand | 54/58 | €11,729 | €1,296 | -€10,434 | -89.0% |
| Total equity and liabilities | 10/49 | €718,830 | €668,953 | -€49,877 | -6.9% |
| Equity | 10/15 | -€2,531 | -€96,575 | -€94,043 | -3715.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,531 | -€159,575 | -€94,043 | -143.5% |
| Amounts payable | 17/49 | €721,361 | €765,528 | +€44,167 | +6.1% |
| Amounts payable after more than one year | 17 | €673,032 | €667,530 | -€5,502 | -0.8% |
| Financial debts | 170/4 | €620,000 | €620,000 | = | 0.0% |
| Trade debts | 175 | €53,032 | €47,530 | -€5,502 | -10.4% |
| Amounts payable within one year | 42/48 | €48,329 | €97,998 | +€49,669 | +102.8% |
| Trade debts | 44 | €13,836 | €39,492 | +€25,657 | +185.4% |
| Suppliers | 440/4 | €13,836 | €39,492 | +€25,657 | +185.4% |
| Taxes, remuneration and social security | 45 | €330 | €330 | = | 0.0% |
| Taxes | 450/3 | €330 | €330 | = | 0.0% |
| Other amounts payable | 47/48 | €34,163 | €58,175 | +€24,012 | +70.3% |
| Turnover | 70 | €104,883 | €105,300 | +€417 | +0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,789 | €37,685 | +€2,896 | +8.3% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,324 | €26,339 | +€15 | +0.1% |
| Other operating charges | 640/8 | €4,861 | €101,744 | +€96,883 | +1993.2% |
| Gross operating margin | 9900 | €70,094 | €67,615 | -€2,479 | -3.5% |
| Operating profit (loss) | 9901 | €38,523 | -€60,867 | -€99,389 | |
| Financial charges | 65/66B | €33,729 | €33,177 | -€552 | -1.6% |
| Recurring financial charges | 65 | €33,379 | €33,177 | -€202 | -0.6% |
| Non-recurring financial charges | 66B | €350 | - | -€350 | |
| Profit (loss) for the period before taxes | 9903 | €4,794 | -€94,043 | -€98,837 | |
| Profit (loss) for the period | 9904 | €4,794 | -€94,043 | -€98,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,794 | -€94,043 | -€98,837 |
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 11 October 2026 via checked.be.