VIRTUS: 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.
VIRTUS
Largest movements
- Receivables within one year +€748,313
up €748,313 (+70.8%), from €1.1m to €1.8m
of which Other amounts receivable: +€865,152
- Cash -€699,484
down €699,484 (-85.2%), from €820,920 to €121,436
mainly Receivables within one year (-€748,313) and Tax, wage and social debts (-€136,713)
- Receivables after one year -€180,000
down €180,000 (-100%), from €180,000 to €0
- Deferred charges and accrued income +€48,706
up €48,706 (+193%), from €25,277 to €73,983
- Tax, wage and social debts -€136,713
down €136,713 (-94.9%), from €144,131 to €7,418
- Reserves +€55,801
up €55,801 (+2.9%), from €1.9m to €2.0m
- Financial income -€1.8m
down €1.8m (-96.3%), from €1.9m to €68,588
- Taxes -€619,289
down €619,289 (-95.2%), from €650,823 to €31,534
- Gross operating margin -€146,467
down €146,467 (-82.8%), from €176,992 to €30,525
- Other operating charges +€3,570
up €3,570 (+445%), from €802 to €4,372
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.
Derived cash bridge
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 | €2,091,039 | €2,004,115 | -€86,924 | -4.2% |
| Fixed assets | 21/28 | €7,170 | €2,712 | -€4,459 | -62.2% |
| Tangible fixed assets | 22/27 | €7,170 | €2,712 | -€4,459 | -62.2% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,170 | €2,712 | -€4,459 | -62.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,083,868 | €2,001,403 | -€82,465 | -4.0% |
| Amounts receivable after more than one year | 29 | €180,000 | €0 | -€180,000 | -100% |
| Other amounts receivable | 291 | €180,000 | €0 | -€180,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,057,671 | €1,805,984 | +€748,313 | +70.8% |
| Trade receivables | 40 | €194,775 | €77,936 | -€116,839 | -60.0% |
| Other amounts receivable | 41 | €862,897 | €1,728,048 | +€865,152 | +100% |
| Cash at bank and in hand | 54/58 | €820,920 | €121,436 | -€699,484 | -85.2% |
| Deferred charges and accrued income | 490/1 | €25,277 | €73,983 | +€48,706 | +193% |
| Total equity and liabilities | 10/49 | €2,091,039 | €2,004,115 | -€86,924 | -4.2% |
| Equity | 10/15 | €1,936,824 | €1,992,625 | +€55,801 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,930,624 | €1,986,425 | +€55,801 | +2.9% |
| Distributable reserves | 133 | €1,930,624 | €1,986,425 | +€55,801 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €154,215 | €11,490 | -€142,725 | -92.5% |
| Amounts payable within one year | 42/48 | €154,215 | €11,490 | -€142,725 | -92.5% |
| Trade debts | 44 | €10,083 | €4,072 | -€6,012 | -59.6% |
| Suppliers | 440/4 | €10,083 | €4,072 | -€6,012 | -59.6% |
| Taxes, remuneration and social security | 45 | €144,131 | €7,418 | -€136,713 | -94.9% |
| Taxes | 450/3 | €144,131 | €7,418 | -€136,713 | -94.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,602 | €4,459 | -€143 | -3.1% |
| Other operating charges | 640/8 | €802 | €4,372 | +€3,570 | +445% |
| Gross operating margin | 9900 | €176,992 | €30,525 | -€146,467 | -82.8% |
| Operating profit (loss) | 9901 | €171,588 | €21,695 | -€149,893 | -87.4% |
| Financial income | 75/76B | €1,871,225 | €68,588 | -€1.8m | -96.3% |
| Recurring financial income | 75 | €1,871,225 | €68,588 | -€1.8m | -96.3% |
| Financial charges | 65/66B | €2,160 | €2,948 | +€788 | +36.5% |
| Recurring financial charges | 65 | €2,160 | €2,948 | +€788 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €2,040,653 | €87,335 | -€2.0m | -95.7% |
| Income taxes | 67/77 | €650,823 | €31,534 | -€619,289 | -95.2% |
| Profit (loss) for the period | 9904 | €1,389,830 | €55,801 | -€1.3m | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,389,830 | €55,801 | -€1.3m | -96.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.