Virtuo Management: 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 Management
Largest movements
- Cash +€73,316
up €73,316 (+162.5%), from €45,115 to €118,431
mainly Net result for the year (+€87,758) and Depreciation (+€10,709)
- Receivables within one year +€15,253
new in 2025: €15,253
- Tangible fixed assets -€10,709
down €10,709 (-33.3%), from €32,174 to €21,465
- Reserves +€87,758
up €87,758 (+218.2%), from €40,217 to €127,975
- Debts after one year -€6,557
down €6,557 (-43.4%), from €15,114 to €8,558
- Tax, wage and social debts -€2,138
down €2,138 (-19.0%), from €11,258 to €9,121
- Gross operating margin +€73,151
up €73,151 (+138.9%), from €52,674 to €125,825
- Taxes +€15,816
up €15,816 (+173.4%), from €9,121 to €24,937
- Depreciation +€1,846
up €1,846 (+20.8%), from €8,863 to €10,709
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 | €77,349 | €155,210 | +€77,860 | +100.7% |
| Fixed assets | 21/28 | €32,234 | €21,525 | -€10,709 | -33.2% |
| Tangible fixed assets | 22/27 | €32,174 | €21,465 | -€10,709 | -33.3% |
| Furniture and vehicles | 24 | €32,174 | €21,465 | -€10,709 | -33.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €45,115 | €133,685 | +€88,569 | +196.3% |
| Amounts receivable within one year | 40/41 | - | €15,253 | +€15,253 | |
| Other amounts receivable | 41 | - | €15,253 | +€15,253 | |
| Cash at bank and in hand | 54/58 | €45,115 | €118,431 | +€73,316 | +162.5% |
| Total equity and liabilities | 10/49 | €77,349 | €155,210 | +€77,860 | +100.7% |
| Equity | 10/15 | €43,217 | €130,975 | +€87,758 | +203.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,217 | €127,975 | +€87,758 | +218.2% |
| Distributable reserves | 133 | €40,217 | €127,975 | +€87,758 | +218.2% |
| Amounts payable | 17/49 | €34,133 | €24,235 | -€9,898 | -29.0% |
| Amounts payable after more than one year | 17 | €15,114 | €8,558 | -€6,557 | -43.4% |
| Financial debts | 170/4 | €15,114 | €8,558 | -€6,557 | -43.4% |
| Amounts payable within one year | 42/48 | €19,019 | €15,677 | -€3,341 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €6,310 | €6,557 | +€247 | +3.9% |
| Trade debts | 44 | €1,451 | - | -€1,451 | |
| Suppliers | 440/4 | €1,451 | - | -€1,451 | |
| Taxes, remuneration and social security | 45 | €11,258 | €9,121 | -€2,138 | -19.0% |
| Taxes | 450/3 | €11,258 | €9,121 | -€2,138 | -19.0% |
| Remuneration, social security and pensions | 62 | €1,528 | €1,824 | +€296 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,863 | €10,709 | +€1,846 | +20.8% |
| Other operating charges | 640/8 | €681 | €295 | -€386 | -56.7% |
| Gross operating margin | 9900 | €52,674 | €125,825 | +€73,151 | +138.9% |
| Operating profit (loss) | 9901 | €41,601 | €112,996 | +€71,395 | +171.6% |
| Financial income | 75/76B | €0 | €633 | +€633 | +703233.3% |
| Recurring financial income | 75 | €0 | €633 | +€633 | +703233.3% |
| Financial charges | 65/66B | €814 | €935 | +€120 | +14.8% |
| Recurring financial charges | 65 | €814 | €935 | +€120 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €40,787 | €112,695 | +€71,908 | +176.3% |
| Income taxes | 67/77 | €9,121 | €24,937 | +€15,816 | +173.4% |
| Profit (loss) for the period | 9904 | €31,666 | €87,758 | +€56,092 | +177.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,666 | €87,758 | +€56,092 | +177.1% |
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.