VIRUNGA: 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.
VIRUNGA
Largest movements
- Stocks and contracts -€15,000
down €15,000 (-10.4%), from €144,217 to €129,217
- Receivables within one year -€6,433
down €6,433 (-3.2%), from €202,842 to €196,409
of which Other amounts receivable: -€8,811
- Trade debts -€23,658
down €23,658 (-53.2%), from €44,488 to €20,830
- Tax, wage and social debts +€13,027
new in 2025: €13,027
- Profit (loss) carried forward -€12,523
down €12,523 (-11.8%), from -€106,335 to -€118,858
- Gross operating margin +€74,093
up €74,093 (+86.7%), from -€85,460 to -€11,367
- Staff costs -€10,147
down €10,147 (-96.2%), from €10,549 to €402
- Other operating charges -€1,635
no longer reported in 2025 (was €1,635)
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 | €360,094 | €340,238 | -€19,856 | -5.5% |
| Current assets | 29/58 | €360,094 | €340,238 | -€19,856 | -5.5% |
| Stocks and contracts in progress | 3 | €144,217 | €129,217 | -€15,000 | -10.4% |
| Stocks | 30/36 | €144,217 | €129,217 | -€15,000 | -10.4% |
| Amounts receivable within one year | 40/41 | €202,842 | €196,409 | -€6,433 | -3.2% |
| Trade receivables | 40 | €192,368 | €194,745 | +€2,378 | +1.2% |
| Other amounts receivable | 41 | €10,474 | €1,663 | -€8,811 | -84.1% |
| Cash at bank and in hand | 54/58 | €12,563 | €14,140 | +€1,577 | +12.6% |
| Deferred charges and accrued income | 490/1 | €472 | €472 | = | 0.0% |
| Total equity and liabilities | 10/49 | €360,094 | €340,238 | -€19,856 | -5.5% |
| Equity | 10/15 | -€87,735 | -€100,258 | -€12,523 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,335 | -€118,858 | -€12,523 | -11.8% |
| Amounts payable | 17/49 | €447,830 | €440,497 | -€7,333 | -1.6% |
| Amounts payable after more than one year | 17 | €9,535 | €9,535 | = | 0.0% |
| Other amounts payable | 178/9 | €9,535 | €9,535 | = | 0.0% |
| Amounts payable within one year | 42/48 | €438,225 | €430,961 | -€7,264 | -1.7% |
| Trade debts | 44 | €44,488 | €20,830 | -€23,658 | -53.2% |
| Suppliers | 440/4 | €44,488 | €20,830 | -€23,658 | -53.2% |
| Taxes, remuneration and social security | 45 | - | €13,027 | +€13,027 | |
| Taxes | 450/3 | - | €13,027 | +€13,027 | |
| Other amounts payable | 47/48 | €393,737 | €397,104 | +€3,367 | +0.9% |
| Accrued charges and deferred income | 492/3 | €69 | - | -€69 | |
| Remuneration, social security and pensions | 62 | €10,549 | €402 | -€10,147 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431 | - | -€431 | |
| Other operating charges | 640/8 | €1,635 | - | -€1,635 | |
| Gross operating margin | 9900 | -€85,460 | -€11,367 | +€74,093 | +86.7% |
| Operating profit (loss) | 9901 | -€98,074 | -€11,769 | +€86,305 | +88.0% |
| Financial income | 75/76B | €45 | €1 | -€45 | -98.3% |
| Recurring financial income | 75 | €45 | €1 | -€45 | -98.3% |
| Financial charges | 65/66B | €1,187 | €755 | -€432 | -36.4% |
| Recurring financial charges | 65 | €1,187 | €755 | -€432 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€99,216 | -€12,523 | +€86,693 | +87.4% |
| Profit (loss) for the period | 9904 | -€99,216 | -€12,523 | +€86,693 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,216 | -€12,523 | +€86,693 | +87.4% |
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 11 October 2026 via checked.be.