Virvolti: 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.
What changed
Virvolti
NACE 87.301, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€369,373
2024 · -€1.5m+€1.1m
Equity
€9.5m
2024 · €10.2m-€666,343
Cash
€1.5m
2024 · €1.1m+€367,135
Balance sheet total
€28.6m
2024 · €29.0m-€397,244
Largest movements
Assets
- Receivables within one year -€454,597
down €454,597 (-33.0%), from €1.4m to €922,690
of which Other amounts receivable: -€761,122
- Cash +€367,135
up €367,135 (+33.4%), from €1.1m to €1.5m
mainly Debts after one year (+€1.1m) and Depreciation (+€1.0m)
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+6.4%), from €16.3m to €17.4m
- Debts within one year -€885,763
down €885,763 (-37.6%), from €2.4m to €1.5m
of which Trade debts: -€710,575
- Profit (loss) carried forward -€369,373
down €369,373, from €335,638 to -€33,735
- Investment grants -€296,970
down €296,970 (-3.1%), from €9.6m to €9.3m
Income statement
- Turnover +€2.8m
up €2.8m (+261%), from €1.1m to €3.9m
- Gross operating margin +€2.6m
up €2.6m (+422%), from €616,756 to €3.2m
- Staff costs +€1.1m
up €1.1m (+120%), from €936,265 to €2.1m
- Purchases and services +€494,866
up €494,866 (+94.2%), from €525,486 to €1.0m
- Depreciation +€278,388
up €278,388 (+38.0%), from €732,908 to €1.0m
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.
Result 2024
-€1.5m
Gross operating margin
+€2.6m
Staff costs
-€1.1m
Depreciation
-€278,388
Write-downs
-€5,875
Other operating charges
-€91,019
Other operating items
+€2,249
Financial income
+€47,316
Financial charges
-€22,041
Taxes
-€5,230
Result 2025
-€369,373
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€498,266
Investment
-€885,324
Financing
+€754,192
Cash 2024
€1.1m
From operations (derived)
+€498,266
Net result for the year
-€369,373
Depreciation
+€1.0m
Stocks and contracts
-€4,894
Receivables within one year
+€454,597
Deferred charges and accrued income
+€188,703
Debts within one year
-€885,763
Accrued charges and deferred income
+€103,700
Investment (derived)
-€885,324
Investment in fixed assets (net)
-€885,324
Financing
+€754,192
Debts after one year
+€1.1m
Contributions, distributions and other
-€296,970
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,993,397 | €28,596,153 | -€397,244 | -1.4% |
| Formation expenses | 20 | €275,647 | €213,040 | -€62,607 | -22.7% |
| Fixed assets | 21/28 | €25,993,660 | €25,930,294 | -€63,365 | -0.2% |
| Intangible fixed assets | 21 | €45,373 | €38,263 | -€7,110 | -15.7% |
| Tangible fixed assets | 22/27 | €25,948,287 | €25,892,032 | -€56,256 | -0.2% |
| Land and buildings | 22 | €24,743,365 | €24,881,255 | +€137,891 | +0.6% |
| Plant, machinery and equipment | 23 | €101,096 | €83,306 | -€17,790 | -17.6% |
| Furniture and vehicles | 24 | €927,004 | €927,470 | +€466 | +0.1% |
| Assets under construction and advance payments | 27 | €176,822 | - | -€176,822 | |
| Current assets | 29/58 | €2,724,090 | €2,452,818 | -€271,272 | -10.0% |
| Stocks and contracts in progress | 3 | €11,368 | €16,262 | +€4,894 | +43.0% |
| Stocks | 30/36 | €11,368 | €16,262 | +€4,894 | +43.0% |
| Amounts receivable within one year | 40/41 | €1,377,287 | €922,690 | -€454,597 | -33.0% |
| Trade receivables | 40 | €281,030 | €587,555 | +€306,525 | +109% |
| Other amounts receivable | 41 | €1,096,257 | €335,135 | -€761,122 | -69.4% |
| Cash at bank and in hand | 54/58 | €1,097,635 | €1,464,769 | +€367,135 | +33.4% |
| Deferred charges and accrued income | 490/1 | €237,800 | €49,097 | -€188,703 | -79.4% |
| Total equity and liabilities | 10/49 | €28,993,397 | €28,596,153 | -€397,244 | -1.4% |
| Equity | 10/15 | €10,187,909 | €9,521,566 | -€666,343 | -6.5% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €335,638 | -€33,735 | -€369,373 | |
| Investment grants | 15 | €9,577,271 | €9,280,301 | -€296,970 | -3.1% |
| Amounts payable | 17/49 | €18,805,488 | €19,074,587 | +€269,099 | +1.4% |
| Amounts payable after more than one year | 17 | €16,326,043 | €17,377,205 | +€1.1m | +6.4% |
| Financial debts | 170/4 | €16,326,043 | €17,377,205 | +€1.1m | +6.4% |
| Amounts payable within one year | 42/48 | €2,358,615 | €1,472,851 | -€885,763 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €373,051 | €348,038 | -€25,013 | -6.7% |
| Trade debts | 44 | €1,482,850 | €772,275 | -€710,575 | -47.9% |
| Suppliers | 440/4 | €1,482,850 | €772,275 | -€710,575 | -47.9% |
| Taxes, remuneration and social security | 45 | €499,869 | €333,833 | -€166,036 | -33.2% |
| Taxes | 450/3 | €309,872 | €17,938 | -€291,934 | -94.2% |
| Remuneration and social security | 454/9 | €189,997 | €315,895 | +€125,898 | +66.3% |
| Accrued charges and deferred income | 492/3 | €120,831 | €224,530 | +€103,700 | +85.8% |
| Turnover | 70 | €1,073,002 | €3,876,734 | +€2.8m | +261% |
| Membership fees, donations, legacies and grants | 73 | €68,976 | €361,288 | +€292,312 | +424% |
| Non-recurring operating income | 76A | €263 | €2,621 | +€2,358 | +896% |
| Goods, raw materials, services and sundry goods | 60/61 | €525,486 | €1,020,352 | +€494,866 | +94.2% |
| Remuneration, social security and pensions | 62 | €936,265 | €2,055,589 | +€1.1m | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €732,908 | €1,011,296 | +€278,388 | +38.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,529 | €4,347 | +€5,875 | |
| Other operating charges | 640/8 | €45,794 | €136,813 | +€91,019 | +199% |
| Non-recurring operating charges | 66A | €11,114 | €8,865 | -€2,249 | -20.2% |
| Gross operating margin | 9900 | €616,756 | €3,220,291 | +€2.6m | +422% |
| Operating profit (loss) | 9901 | -€1,107,796 | €3,382 | +€1.1m | |
| Financial income | 75/76B | €251,948 | €299,264 | +€47,316 | +18.8% |
| Recurring financial income | 75 | €251,948 | €299,264 | +€47,316 | +18.8% |
| Financial charges | 65/66B | €623,820 | €645,861 | +€22,041 | +3.5% |
| Recurring financial charges | 65 | €623,820 | €645,861 | +€22,041 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,479,667 | -€343,215 | +€1.1m | +76.8% |
| Income taxes | 67/77 | €20,928 | €26,159 | +€5,230 | +25.0% |
| Profit (loss) for the period | 9904 | -€1,500,596 | -€369,373 | +€1.1m | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,500,596 | -€369,373 | +€1.1m | +75.4% |
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 13 October 2026 via checked.be.