VIRTUS QUIET: 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.
VIRTUS QUIET
Largest movements
- Tangible fixed assets +€374,373
up €374,373 (+56.9%), from €657,783 to €1.0m
of which Assets under construction and advance payments: +€386,701
- Cash -€144,461
down €144,461 (-99.6%), from €145,096 to €634
mainly Investment in fixed assets (net) (-€386,701) and Debts after one year (-€50,262)
- Trade debts +€289,066
up €289,066 (+384.6%), from €75,159 to €364,224
- Debts after one year -€50,262
down €50,262 (-5.6%), from €905,236 to €854,973
of which Financial debts: -€50,262
- Profit (loss) carried forward -€17,288
down €17,288 (-31.4%), from -€55,051 to -€72,338
- Financial charges +€5,295
up €5,295 (+15.8%), from €33,606 to €38,901
- Gross operating margin +€3,939
up €3,939 (+13.8%), from €28,569 to €32,509
- Financial income +€533
up €533 (+28.8%), from €1,854 to €2,387
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 | €987,145 | €1,211,521 | +€224,376 | +22.7% |
| Fixed assets | 21/28 | €657,783 | €1,032,156 | +€374,373 | +56.9% |
| Tangible fixed assets | 22/27 | €657,783 | €1,032,156 | +€374,373 | +56.9% |
| Land and buildings | 22 | €100,749 | €96,926 | -€3,823 | -3.8% |
| Plant, machinery and equipment | 23 | €75,684 | €67,180 | -€8,504 | -11.2% |
| Assets under construction and advance payments | 27 | €481,349 | €868,049 | +€386,701 | +80.3% |
| Current assets | 29/58 | €329,362 | €179,366 | -€149,996 | -45.5% |
| Amounts receivable within one year | 40/41 | €184,158 | €178,731 | -€5,427 | -2.9% |
| Trade receivables | 40 | €122,600 | €122,600 | = | 0.0% |
| Other amounts receivable | 41 | €61,558 | €56,131 | -€5,427 | -8.8% |
| Cash at bank and in hand | 54/58 | €145,096 | €634 | -€144,461 | -99.6% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €987,145 | €1,211,521 | +€224,376 | +22.7% |
| Equity | 10/15 | -€48,851 | -€66,138 | -€17,288 | -35.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,051 | -€72,338 | -€17,288 | -31.4% |
| Amounts payable | 17/49 | €1,035,996 | €1,277,660 | +€241,664 | +23.3% |
| Amounts payable after more than one year | 17 | €905,236 | €854,973 | -€50,262 | -5.6% |
| Financial debts | 170/4 | €902,176 | €851,913 | -€50,262 | -5.6% |
| Other amounts payable | 178/9 | €3,060 | €3,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,115 | €419,204 | +€292,089 | +229.8% |
| Current portion of amounts payable after more than one year | 42 | €51,881 | €54,130 | +€2,249 | +4.3% |
| Trade debts | 44 | €75,159 | €364,224 | +€289,066 | +384.6% |
| Suppliers | 440/4 | €75,159 | €364,224 | +€289,066 | +384.6% |
| Other amounts payable | 47/48 | €76 | €850 | +€774 | +1020.9% |
| Accrued charges and deferred income | 492/3 | €3,645 | €3,482 | -€163 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,328 | €12,328 | = | 0.0% |
| Other operating charges | 640/8 | €873 | €954 | +€82 | +9.4% |
| Gross operating margin | 9900 | €28,569 | €32,509 | +€3,939 | +13.8% |
| Operating profit (loss) | 9901 | €15,369 | €19,227 | +€3,858 | +25.1% |
| Financial income | 75/76B | €1,854 | €2,387 | +€533 | +28.8% |
| Recurring financial income | 75 | €1,854 | €2,387 | +€533 | +28.8% |
| Financial charges | 65/66B | €33,606 | €38,901 | +€5,295 | +15.8% |
| Recurring financial charges | 65 | €33,606 | €38,901 | +€5,295 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,383 | -€17,288 | -€904 | -5.5% |
| Profit (loss) for the period | 9904 | -€16,383 | -€17,288 | -€904 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,383 | -€17,288 | -€904 | -5.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.