VIRTUOUS: 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.
VIRTUOUS
Largest movements
- Intangible fixed assets +€47,452
new in 2025: €47,452
- Tangible fixed assets +€9,107
up €9,107 (+517.4%), from €1,760 to €10,867
- Financial fixed assets +€3,900
new in 2025: €3,900
- Receivables within one year +€2,533
up €2,533 (+439.8%), from €576 to €3,109
of which Trade receivables: +€3,109
- Stocks and contracts +€1,680
new in 2025: €1,680
- Other debts +€39,132
up €39,132 (+17273.6%), from €227 to €39,358
- Profit (loss) carried forward +€17,773
up €17,773 (+24990.7%), from €71 to €17,845
- Trade debts +€3,852
up €3,852 (+311.6%), from €1,236 to €5,089
- Tax, wage and social debts +€3,143
up €3,143 (+84.2%), from €3,732 to €6,874
of which Taxes: +€4,143
- Gross operating margin +€27,101
up €27,101 (+1485.8%), from €1,824 to €28,925
- Taxes +€5,236
up €5,236 (+1079.1%), from €485 to €5,721
- Depreciation +€3,365
up €3,365 (+1457.5%), from €231 to €3,596
- Financial charges +€940
up €940 (+161.5%), from €582 to €1,523
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 | €8,266 | €72,166 | +€63,900 | +773.1% |
| Fixed assets | 21/28 | €1,760 | €62,219 | +€60,459 | +3434.7% |
| Intangible fixed assets | 21 | - | €47,452 | +€47,452 | |
| Tangible fixed assets | 22/27 | €1,760 | €10,867 | +€9,107 | +517.4% |
| Furniture and vehicles | 24 | €1,760 | €10,867 | +€9,107 | +517.4% |
| Financial fixed assets | 28 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €6,506 | €9,947 | +€3,441 | +52.9% |
| Stocks and contracts in progress | 3 | - | €1,680 | +€1,680 | |
| Stocks | 30/36 | - | €1,680 | +€1,680 | |
| Amounts receivable within one year | 40/41 | €576 | €3,109 | +€2,533 | +439.8% |
| Trade receivables | 40 | - | €3,109 | +€3,109 | |
| Other amounts receivable | 41 | €576 | €0 | -€576 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,958 | €2,919 | -€1,040 | -26.3% |
| Deferred charges and accrued income | 490/1 | €1,971 | €2,239 | +€267 | +13.6% |
| Total equity and liabilities | 10/49 | €8,266 | €72,166 | +€63,900 | +773.1% |
| Equity | 10/15 | €3,071 | €20,845 | +€17,773 | +578.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71 | €17,845 | +€17,773 | +24990.7% |
| Amounts payable | 17/49 | €5,195 | €51,321 | +€46,126 | +888.0% |
| Amounts payable within one year | 42/48 | €5,195 | €51,321 | +€46,126 | +888.0% |
| Trade debts | 44 | €1,236 | €5,089 | +€3,852 | +311.6% |
| Suppliers | 440/4 | €1,236 | €5,089 | +€3,852 | +311.6% |
| Taxes, remuneration and social security | 45 | €3,732 | €6,874 | +€3,143 | +84.2% |
| Taxes | 450/3 | €2,732 | €6,874 | +€4,143 | +151.6% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €227 | €39,358 | +€39,132 | +17273.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €3,596 | +€3,365 | +1457.5% |
| Other operating charges | 640/8 | €461 | €319 | -€143 | -31.0% |
| Non-recurring operating charges | 66A | - | €28 | +€28 | |
| Gross operating margin | 9900 | €1,824 | €28,925 | +€27,101 | +1485.8% |
| Operating profit (loss) | 9901 | €1,132 | €24,983 | +€23,851 | +2107.5% |
| Financial income | 75/76B | €7 | €34 | +€28 | +408.2% |
| Recurring financial income | 75 | €7 | €34 | +€28 | +408.2% |
| Financial charges | 65/66B | €582 | €1,523 | +€940 | +161.5% |
| Recurring financial charges | 65 | €582 | €1,523 | +€940 | +161.5% |
| Profit (loss) for the period before taxes | 9903 | €556 | €23,495 | +€22,938 | +4123.2% |
| Income taxes | 67/77 | €485 | €5,721 | +€5,236 | +1079.1% |
| Profit (loss) for the period | 9904 | €71 | €17,773 | +€17,702 | +24890.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71 | €17,773 | +€17,702 | +24890.7% |
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 7 October 2026 via checked.be.