VIRTUS IT: 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 IT
Largest movements
- Receivables within one year -€14,567
down €14,567 (-7.2%), from €201,528 to €186,961
of which Other amounts receivable: -€14,170
- Tangible fixed assets -€7,823
down €7,823 (-56.6%), from €13,823 to €6,000
- Other debts -€15,000
down €15,000 (-60.0%), from €25,000 to €10,000
- Debts after one year -€9,746
no longer reported in 2025 (was €9,746)
- Tax, wage and social debts +€9,670
up €9,670 (+128%), from €7,542 to €17,212
- Profit (loss) carried forward -€6,557
down €6,557 (-5.9%), from €111,357 to €104,800
- Current portion of long-term debt -€2,843
down €2,843 (-20.0%), from €14,213 to €11,370
- Gross operating margin +€28,171
up €28,171 (+131%), from €21,513 to €49,684
- Taxes +€5,470
up €5,470 (+56.5%), from €9,685 to €15,156
- Financial charges +€2,343
up €2,343, from -€917 to €1,426
- Financial income -€1,800
down €1,800 (-20.0%), from €9,000 to €7,200
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 | €234,965 | €211,366 | -€23,598 | -10.0% |
| Fixed assets | 21/28 | €13,873 | €6,050 | -€7,823 | -56.4% |
| Tangible fixed assets | 22/27 | €13,823 | €6,000 | -€7,823 | -56.6% |
| Furniture and vehicles | 24 | €13,823 | €6,000 | -€7,823 | -56.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €221,092 | €205,317 | -€15,776 | -7.1% |
| Amounts receivable within one year | 40/41 | €201,528 | €186,961 | -€14,567 | -7.2% |
| Trade receivables | 40 | €13,219 | €12,823 | -€397 | -3.0% |
| Other amounts receivable | 41 | €188,309 | €174,138 | -€14,170 | -7.5% |
| Cash at bank and in hand | 54/58 | €19,564 | €18,356 | -€1,209 | -6.2% |
| Total equity and liabilities | 10/49 | €234,965 | €211,366 | -€23,598 | -10.0% |
| Equity | 10/15 | €178,217 | €171,660 | -€6,557 | -3.7% |
| Reserves | 13 | €66,860 | €66,860 | = | 0.0% |
| 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 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,357 | €104,800 | -€6,557 | -5.9% |
| Amounts payable | 17/49 | €56,748 | €39,707 | -€17,041 | -30.0% |
| Amounts payable after more than one year | 17 | €9,746 | - | -€9,746 | |
| Financial debts | 170/4 | €9,746 | - | -€9,746 | |
| Amounts payable within one year | 42/48 | €47,002 | €39,707 | -€7,295 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €14,213 | €11,370 | -€2,843 | -20.0% |
| Trade debts | 44 | €248 | €1,126 | +€878 | +354% |
| Suppliers | 440/4 | €248 | €1,126 | +€878 | +354% |
| Taxes, remuneration and social security | 45 | €7,542 | €17,212 | +€9,670 | +128% |
| Taxes | 450/3 | €7,542 | €17,212 | +€9,670 | +128% |
| Other amounts payable | 47/48 | €25,000 | €10,000 | -€15,000 | -60.0% |
| Non-recurring operating income | 76A | €120 | - | -€120 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,090 | €7,823 | -€268 | -3.3% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Non-recurring operating charges | 66A | €2,372 | - | -€2,372 | |
| Gross operating margin | 9900 | €21,513 | €49,684 | +€28,171 | +131% |
| Operating profit (loss) | 9901 | €10,599 | €41,396 | +€30,797 | +291% |
| Financial income | 75/76B | €9,000 | €7,200 | -€1,800 | -20.0% |
| Recurring financial income | 75 | €9,000 | €7,200 | -€1,800 | -20.0% |
| Financial charges | 65/66B | -€917 | €1,426 | +€2,343 | |
| Recurring financial charges | 65 | -€917 | €1,426 | +€2,343 | |
| Profit (loss) for the period before taxes | 9903 | €20,515 | €47,170 | +€26,654 | +130% |
| Income taxes | 67/77 | €9,685 | €15,156 | +€5,470 | +56.5% |
| Profit (loss) for the period | 9904 | €10,830 | €32,014 | +€21,184 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €10,830 | €32,014 | +€21,184 | +196% |
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 27 October 2026 via checked.be.