VIRTUOSITY: 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.
VIRTUOSITY
Largest movements
- Tangible fixed assets +€21,596
up €21,596 (+98.8%), from €21,866 to €43,462
of which Land and buildings: +€27,656
- Cash -€10,194
down €10,194 (-23.3%), from €43,816 to €33,622
mainly Investment in fixed assets (net) (-€26,714) and Deferred charges and accrued income (-€8,757)
- Deferred charges and accrued income +€8,757
new in 2025: €8,757
- Receivables within one year +€7,329
up €7,329 (+13.9%), from €52,807 to €60,136
of which Other amounts receivable: +€7,446
- Reserves +€14,765
up €14,765 (+24.3%), from €60,810 to €75,575
of which Distributable reserves: +€14,765
- Trade debts +€9,370
up €9,370 (+366.8%), from €2,555 to €11,924
- Tax, wage and social debts +€7,565
up €7,565 (+21.6%), from €34,965 to €42,530
of which Taxes: +€10,291
- Debts after one year -€4,268
down €4,268 (-59.7%), from €7,144 to €2,877
- Staff costs -€29,547
down €29,547 (-34.5%), from €85,707 to €56,160
- Gross operating margin -€17,974
down €17,974 (-14.2%), from €126,609 to €108,634
- Financial charges +€5,672
up €5,672 (+66.6%), from €8,512 to €14,183
of which Financial charges: +€3,194
- Taxes +€4,082
up €4,082 (+34.3%), from €11,909 to €15,991
- Financial income +€2,609
up €2,609 (+1863814.3%), from €0 to €2,609
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 | €118,489 | €145,977 | +€27,488 | +23.2% |
| Fixed assets | 21/28 | €21,866 | €43,462 | +€21,596 | +98.8% |
| Tangible fixed assets | 22/27 | €21,866 | €43,462 | +€21,596 | +98.8% |
| Land and buildings | 22 | - | €27,656 | +€27,656 | |
| Furniture and vehicles | 24 | €5,436 | €15,806 | +€10,370 | +190.8% |
| Other tangible fixed assets | 26 | €16,430 | - | -€16,430 | |
| Current assets | 29/58 | €96,623 | €102,516 | +€5,893 | +6.1% |
| Amounts receivable within one year | 40/41 | €52,807 | €60,136 | +€7,329 | +13.9% |
| Trade receivables | 40 | €1,112 | €995 | -€117 | -10.5% |
| Other amounts receivable | 41 | €51,695 | €59,141 | +€7,446 | +14.4% |
| Cash at bank and in hand | 54/58 | €43,816 | €33,622 | -€10,194 | -23.3% |
| Deferred charges and accrued income | 490/1 | - | €8,757 | +€8,757 | |
| Total equity and liabilities | 10/49 | €118,489 | €145,977 | +€27,488 | +23.2% |
| Equity | 10/15 | €69,613 | €84,378 | +€14,765 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,810 | €75,575 | +€14,765 | +24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,950 | €73,715 | +€14,765 | +25.0% |
| Profit (loss) carried forward | 14 | -€3,597 | -€3,597 | = | 0.0% |
| Amounts payable | 17/49 | €48,876 | €61,599 | +€12,723 | +26.0% |
| Amounts payable after more than one year | 17 | €7,144 | €2,877 | -€4,268 | -59.7% |
| Financial debts | 170/4 | €7,144 | €2,877 | -€4,268 | -59.7% |
| Amounts payable within one year | 42/48 | €41,731 | €58,723 | +€16,991 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €4,212 | €4,268 | +€56 | +1.3% |
| Trade debts | 44 | €2,555 | €11,924 | +€9,370 | +366.8% |
| Suppliers | 440/4 | €2,555 | €11,924 | +€9,370 | +366.8% |
| Taxes, remuneration and social security | 45 | €34,965 | €42,530 | +€7,565 | +21.6% |
| Taxes | 450/3 | €26,553 | €36,844 | +€10,291 | +38.8% |
| Remuneration and social security | 454/9 | €8,412 | €5,687 | -€2,725 | -32.4% |
| Remuneration, social security and pensions | 62 | €85,707 | €56,160 | -€29,547 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €5,119 | -€1,475 | -22.4% |
| Other operating charges | 640/8 | €4,210 | €5,026 | +€816 | +19.4% |
| Gross operating margin | 9900 | €126,609 | €108,634 | -€17,974 | -14.2% |
| Operating profit (loss) | 9901 | €30,098 | €42,330 | +€12,232 | +40.6% |
| Financial income | 75/76B | €0 | €2,609 | +€2,609 | +1863814.3% |
| Recurring financial income | 75 | €0 | €2,609 | +€2,609 | +1863814.3% |
| Financial charges | 65/66B | €8,512 | €14,183 | +€5,672 | +66.6% |
| Recurring financial charges | 65 | €8,212 | €11,406 | +€3,194 | +38.9% |
| Non-recurring financial charges | 66B | €300 | €2,777 | +€2,477 | +825.7% |
| Profit (loss) for the period before taxes | 9903 | €21,586 | €30,756 | +€9,170 | +42.5% |
| Income taxes | 67/77 | €11,909 | €15,991 | +€4,082 | +34.3% |
| Profit (loss) for the period | 9904 | €9,678 | €14,765 | +€5,087 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,678 | €14,765 | +€5,087 | +52.6% |
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 4 October 2026 via checked.be.