VIRUNGA ORIGINS: 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 ORIGINS
Largest movements
- Receivables within one year +€124,132
up €124,132 (+868.9%), from €14,286 to €138,418
of which Other amounts receivable: +€118,509
- Cash +€16,242
up €16,242 (+57.2%), from €28,400 to €44,642
mainly Debts after one year (+€308,940) and Trade debts (+€47,438)
- Stocks and contracts -€12,039
down €12,039 (-45.6%), from €26,387 to €14,348
- Debts after one year +€308,940
up €308,940 (+178.6%), from €173,000 to €481,940
- Profit (loss) carried forward -€229,563
down €229,563 (-120.9%), from -€189,837 to -€419,401
- Trade debts +€47,438
up €47,438 (+70.4%), from €67,430 to €114,868
- Other debts +€10,303
up €10,303 (+157.7%), from €6,534 to €16,838
- Tax, wage and social debts -€7,598
down €7,598 (-94.7%), from €8,023 to €425
of which Remuneration and social security: -€6,056
- Gross operating margin -€101,035
down €101,035 (-181.7%), from -€55,609 to -€156,645
- Financial charges +€16,461
up €16,461 (+9374.4%), from €176 to €16,637
- Staff costs -€14,146
down €14,146 (-20.3%), from €69,680 to €55,533
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,150 | €199,670 | +€130,520 | +188.7% |
| Fixed assets | 21/28 | - | €1,255 | +€1,255 | |
| Tangible fixed assets | 22/27 | - | €1,255 | +€1,255 | |
| Furniture and vehicles | 24 | - | €1,255 | +€1,255 | |
| Current assets | 29/58 | €69,150 | €198,415 | +€129,264 | +186.9% |
| Stocks and contracts in progress | 3 | €26,387 | €14,348 | -€12,039 | -45.6% |
| Stocks | 30/36 | €26,387 | €14,348 | -€12,039 | -45.6% |
| Amounts receivable within one year | 40/41 | €14,286 | €138,418 | +€124,132 | +868.9% |
| Trade receivables | 40 | €7,225 | €12,848 | +€5,623 | +77.8% |
| Other amounts receivable | 41 | €7,061 | €125,570 | +€118,509 | +1678.3% |
| Cash at bank and in hand | 54/58 | €28,400 | €44,642 | +€16,242 | +57.2% |
| Deferred charges and accrued income | 490/1 | €77 | €1,007 | +€930 | +1211.8% |
| Total equity and liabilities | 10/49 | €69,150 | €199,670 | +€130,520 | +188.7% |
| Equity | 10/15 | -€185,837 | -€414,401 | -€228,563 | -123.0% |
| Contributions | 10/11 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Profit (loss) carried forward | 14 | -€189,837 | -€419,401 | -€229,563 | -120.9% |
| Amounts payable | 17/49 | €254,988 | €614,071 | +€359,083 | +140.8% |
| Amounts payable after more than one year | 17 | €173,000 | €481,940 | +€308,940 | +178.6% |
| Financial debts | 170/4 | €173,000 | €481,940 | +€308,940 | +178.6% |
| Amounts payable within one year | 42/48 | €81,988 | €132,131 | +€50,143 | +61.2% |
| Trade debts | 44 | €67,430 | €114,868 | +€47,438 | +70.4% |
| Suppliers | 440/4 | €67,430 | €114,868 | +€47,438 | +70.4% |
| Taxes, remuneration and social security | 45 | €8,023 | €425 | -€7,598 | -94.7% |
| Taxes | 450/3 | €1,967 | €425 | -€1,542 | -78.4% |
| Remuneration and social security | 454/9 | €6,056 | - | -€6,056 | |
| Other amounts payable | 47/48 | €6,534 | €16,838 | +€10,303 | +157.7% |
| Remuneration, social security and pensions | 62 | €69,680 | €55,533 | -€14,146 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €180 | +€180 | |
| Other operating charges | 640/8 | - | €343 | +€343 | |
| Gross operating margin | 9900 | -€55,609 | -€156,645 | -€101,035 | -181.7% |
| Operating profit (loss) | 9901 | -€125,289 | -€212,701 | -€87,412 | -69.8% |
| Financial income | 75/76B | €40 | €232 | +€192 | +484.2% |
| Recurring financial income | 75 | €40 | €232 | +€192 | +484.2% |
| Financial charges | 65/66B | €176 | €16,637 | +€16,461 | +9374.4% |
| Recurring financial charges | 65 | €176 | €16,637 | +€16,461 | +9374.4% |
| Profit (loss) for the period before taxes | 9903 | -€125,425 | -€229,107 | -€103,682 | -82.7% |
| Income taxes | 67/77 | - | €457 | +€457 | |
| Profit (loss) for the period | 9904 | -€125,425 | -€229,563 | -€104,138 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,425 | -€229,563 | -€104,138 | -83.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.