This test.dat:

2014/01/01 Opening Balances  
    Assets:Bank:Checking         €1000.00 
    Equity:Opening Balances 

2014/01/02 unspecified 
   [Assets:Bank:Vir]                 €400.00 
   [Assets:Bank:Checking] 

does exactly what I want.

ledger -f test.dat bal bank:checking 
   €600.00 Assets:Bank:Checking 
ledger -f test.dat bal bank:checking -R  
   €1000.00 Assets:Bank:Checking 

Only the command with the `R' switch reveals the correct amount in 
Bank:Checking

This works fine til the end of the year when I want to archive the last 
year. 

Writing equitiy to a file then fails:

ledger -f test.dat equity > e.dat

While handling posting from "test.dat", line 9: > [Assets:Bank:Checking] 
Error: 'equity' cannot accept virtual and non-virtual postings to the same 
account 

Though I depend not existentially on this I would like to know how to do it 
right.

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