MS VIVA: 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.
MS VIVA
Largest movements
- Receivables within one year +€37,867
up €37,867 (+1,049%), from €3,609 to €41,477
- Cash +€33,768
up €33,768 (+642%), from €5,257 to €39,025
mainly Trade debts (+€35,397) and Net result for the year (+€20,576)
- Tangible fixed assets +€4,268
up €4,268 (+18.2%), from €23,478 to €27,746
- Trade debts +€35,397
up €35,397 (+985%), from €3,594 to €38,991
- Profit (loss) carried forward +€20,576
up €20,576 (+1,387%), from €1,483 to €22,059
- Other debts +€8,390
up €8,390 (+681%), from €1,232 to €9,622
- Tax, wage and social debts +€7,055
up €7,055 (+16,484%), from €43 to €7,098
of which Remuneration and social security: +€4,965
- Debts after one year +€5,532
up €5,532 (+36.6%), from €15,121 to €20,653
- Gross operating margin +€21,446
up €21,446 (+229%), from €9,370 to €30,817
- Depreciation +€4,078
up €4,078 (+72.3%), from €5,643 to €9,722
- Financial charges -€1,616
down €1,616, from €1,289 to -€326
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,345 | €108,248 | +€75,903 | +235% |
| Fixed assets | 21/28 | €23,478 | €27,746 | +€4,268 | +18.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €23,478 | €27,746 | +€4,268 | +18.2% |
| Furniture and vehicles | 24 | €23,478 | €27,746 | +€4,268 | +18.2% |
| Current assets | 29/58 | €8,867 | €80,502 | +€71,635 | +808% |
| Amounts receivable within one year | 40/41 | €3,609 | €41,477 | +€37,867 | +1,049% |
| Trade receivables | 40 | €3,609 | €41,477 | +€37,867 | +1,049% |
| Cash at bank and in hand | 54/58 | €5,257 | €39,025 | +€33,768 | +642% |
| Total equity and liabilities | 10/49 | €32,345 | €108,248 | +€75,903 | +235% |
| Equity | 10/15 | €3,483 | €24,059 | +€20,576 | +591% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,483 | €22,059 | +€20,576 | +1,387% |
| Amounts payable | 17/49 | €28,862 | €84,189 | +€55,328 | +192% |
| Amounts payable after more than one year | 17 | €15,121 | €20,653 | +€5,532 | +36.6% |
| Financial debts | 170/4 | €15,121 | €20,653 | +€5,532 | +36.6% |
| Amounts payable within one year | 42/48 | €13,740 | €63,536 | +€49,796 | +362% |
| Current portion of amounts payable after more than one year | 42 | €8,872 | €7,825 | -€1,047 | -11.8% |
| Trade debts | 44 | €3,594 | €38,991 | +€35,397 | +985% |
| Suppliers | 440/4 | €3,594 | €38,991 | +€35,397 | +985% |
| Taxes, remuneration and social security | 45 | €43 | €7,098 | +€7,055 | +16,484% |
| Taxes | 450/3 | €43 | €2,133 | +€2,090 | +4,883% |
| Remuneration and social security | 454/9 | - | €4,965 | +€4,965 | |
| Other amounts payable | 47/48 | €1,232 | €9,622 | +€8,390 | +681% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,643 | €9,722 | +€4,078 | +72.3% |
| Other operating charges | 640/8 | €954 | €845 | -€109 | -11.4% |
| Gross operating margin | 9900 | €9,370 | €30,817 | +€21,446 | +229% |
| Operating profit (loss) | 9901 | €2,772 | €20,249 | +€17,477 | +630% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,289 | -€326 | -€1,616 | |
| Recurring financial charges | 65 | €1,289 | -€326 | -€1,616 | |
| Profit (loss) for the period before taxes | 9903 | €1,483 | €20,576 | +€19,093 | +1,287% |
| Profit (loss) for the period | 9904 | €1,483 | €20,576 | +€19,093 | +1,287% |
| Profit (loss) for the period to be appropriated | 9905 | €1,483 | €20,576 | +€19,093 | +1,287% |
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 14 October 2026 via checked.be.