VIRTUOSE CONCEPT: what changed
Two fiscal 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.
VIRTUOSE CONCEPT
Largest movements
- Tangible fixed assets -€22,161
down €22,161 (-7.2%), from €305,679 to €283,517
- Debts after one year -€11,702
down €11,702 (-3.7%), from €314,805 to €303,103
- Profit (loss) carried forward -€11,011
down €11,011 (-41.1%), from -€26,778 to -€37,789
- Depreciation -€11,411
down €11,411 (-34.0%), from €33,572 to €22,161
- Gross operating margin +€4,894
up €4,894 (+24.3%), from €20,166 to €25,060
- Financial charges +€1,215
up €1,215 (+9.6%), from €12,600 to €13,816
- Other operating charges -€678
down €678 (-87.9%), from €772 to €94
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 | €308,030 | €283,935 | -€24,095 | -7.8% |
| Fixed assets | 21/28 | €305,679 | €283,517 | -€22,161 | -7.2% |
| Tangible fixed assets | 22/27 | €305,679 | €283,517 | -€22,161 | -7.2% |
| Land and buildings | 22 | €305,679 | €283,517 | -€22,161 | -7.2% |
| Current assets | 29/58 | €2,351 | €417 | -€1,934 | -82.2% |
| Cash at bank and in hand | 54/58 | €2,351 | €417 | -€1,934 | -82.2% |
| Total equity and liabilities | 10/49 | €308,030 | €283,935 | -€24,095 | -7.8% |
| Equity | 10/15 | -€23,778 | -€34,789 | -€11,011 | -46.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,778 | -€37,789 | -€11,011 | -41.1% |
| Amounts payable | 17/49 | €331,808 | €318,724 | -€13,085 | -3.9% |
| Amounts payable after more than one year | 17 | €314,805 | €303,103 | -€11,702 | -3.7% |
| Financial debts | 170/4 | €314,805 | €303,103 | -€11,702 | -3.7% |
| Amounts payable within one year | 42/48 | €17,003 | €15,621 | -€1,382 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,212 | €11,702 | +€491 | +4.4% |
| Trade debts | 44 | €2,772 | €299 | -€2,473 | -89.2% |
| Suppliers | 440/4 | €2,772 | €299 | -€2,473 | -89.2% |
| Other amounts payable | 47/48 | €3,020 | €3,620 | +€600 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,572 | €22,161 | -€11,411 | -34.0% |
| Other operating charges | 640/8 | €772 | €94 | -€678 | -87.9% |
| Gross operating margin | 9900 | €20,166 | €25,060 | +€4,894 | +24.3% |
| Operating profit (loss) | 9901 | -€14,178 | €2,805 | +€16,983 | |
| Financial charges | 65/66B | €12,600 | €13,816 | +€1,215 | +9.6% |
| Recurring financial charges | 65 | €12,600 | €13,816 | +€1,215 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,778 | -€11,011 | +€15,768 | +58.9% |
| Profit (loss) for the period | 9904 | -€26,778 | -€11,011 | +€15,768 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,778 | -€11,011 | +€15,768 | +58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.