VIV ENGINEERING: what changed
Two fiscal 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.
VIV ENGINEERING
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+59.2%), from €3.4m to €5.4m
of which Land and buildings: +€2.0m
- Receivables within one year -€128,861
down €128,861 (-67.6%), from €190,658 to €61,797
of which Trade receivables: -€132,398
- Debts after one year +€1.8m
up €1.8m (+250.7%), from €708,342 to €2.5m
- Trade debts +€233,216
up €233,216 (+163.9%), from €142,319 to €375,535
- Profit (loss) carried forward -€164,804
new in 2024: -€164,804
- Other debts +€85,978
up €85,978 (+5.0%), from €1.7m to €1.8m
- Depreciation +€76,752
up €76,752 (+73.5%), from €104,464 to €181,216
- Financial charges +€74,945
up €74,945 (+107.1%), from €69,983 to €144,928
of which Financial charges: +€74,754
- Gross operating margin -€33,291
down €33,291 (-17.1%), from €194,839 to €161,548
- Financial income -€21,944
down €21,944 (-89.6%), from €24,489 to €2,545
of which Financial income: -€18,572
- Other operating charges -€14,038
down €14,038 (-83.6%), from €16,791 to €2,753
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,607,149 | €5,504,519 | +€1.9m | +52.6% |
| Fixed assets | 21/28 | €3,412,314 | €5,432,938 | +€2.0m | +59.2% |
| Intangible fixed assets | 21 | €474 | - | -€474 | |
| Tangible fixed assets | 22/27 | €3,411,840 | €5,432,938 | +€2.0m | +59.2% |
| Land and buildings | 22 | €3,378,848 | €5,404,619 | +€2.0m | +60.0% |
| Plant, machinery and equipment | 23 | €6,969 | €10,593 | +€3,624 | +52.0% |
| Furniture and vehicles | 24 | €16,120 | €10,298 | -€5,822 | -36.1% |
| Other tangible fixed assets | 26 | €9,903 | €7,428 | -€2,475 | -25.0% |
| Current assets | 29/58 | €194,835 | €71,581 | -€123,254 | -63.3% |
| Stocks and contracts in progress | 3 | €4,177 | €4,031 | -€146 | -3.5% |
| Stocks | 30/36 | €4,177 | €4,031 | -€146 | -3.5% |
| Amounts receivable within one year | 40/41 | €190,658 | €61,797 | -€128,861 | -67.6% |
| Trade receivables | 40 | €173,972 | €41,574 | -€132,398 | -76.1% |
| Other amounts receivable | 41 | €16,686 | €20,223 | +€3,537 | +21.2% |
| Deferred charges and accrued income | 490/1 | - | €5,753 | +€5,753 | |
| Total equity and liabilities | 10/49 | €3,607,149 | €5,504,519 | +€1.9m | +52.6% |
| Equity | 10/15 | €952,997 | €788,193 | -€164,804 | -17.3% |
| Contributions | 10/11 | €375,000 | €412,500 | +€37,500 | +10.0% |
| Reserves | 13 | €577,997 | €540,497 | -€37,500 | -6.5% |
| Non-distributable reserves | 130/1 | €37,500 | - | -€37,500 | |
| Reserves not available under the articles | 1311 | €37,500 | - | -€37,500 | |
| Distributable reserves | 133 | €540,497 | €540,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€164,804 | -€164,804 | |
| Amounts payable | 17/49 | €2,654,152 | €4,716,326 | +€2.1m | +77.7% |
| Amounts payable after more than one year | 17 | €708,342 | €2,483,974 | +€1.8m | +250.7% |
| Financial debts | 170/4 | €708,342 | €2,483,974 | +€1.8m | +250.7% |
| Amounts payable within one year | 42/48 | €1,945,810 | €2,232,352 | +€286,542 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €50,495 | €30,380 | -€20,115 | -39.8% |
| Financial debts | 43 | €1,240 | €1,240 | = | 0.0% |
| Credit institutions | 430/8 | €1,240 | €1,240 | = | 0.0% |
| Trade debts | 44 | €142,319 | €375,535 | +€233,216 | +163.9% |
| Suppliers | 440/4 | €142,319 | €375,535 | +€233,216 | +163.9% |
| Advances received on contracts in progress | 46 | - | €5,934 | +€5,934 | |
| Taxes, remuneration and social security | 45 | €27,028 | €8,557 | -€18,471 | -68.3% |
| Taxes | 450/3 | €27,028 | €8,557 | -€18,471 | -68.3% |
| Other amounts payable | 47/48 | €1,724,728 | €1,810,706 | +€85,978 | +5.0% |
| Non-recurring operating income | 76A | €443 | - | -€443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,464 | €181,216 | +€76,752 | +73.5% |
| Other operating charges | 640/8 | €16,791 | €2,753 | -€14,038 | -83.6% |
| Gross operating margin | 9900 | €194,839 | €161,548 | -€33,291 | -17.1% |
| Operating profit (loss) | 9901 | €73,584 | -€22,421 | -€96,005 | |
| Financial income | 75/76B | €24,489 | €2,545 | -€21,944 | -89.6% |
| Recurring financial income | 75 | €19,769 | €1,197 | -€18,572 | -93.9% |
| Non-recurring financial income | 76B | €4,720 | €1,348 | -€3,372 | -71.4% |
| Financial charges | 65/66B | €69,983 | €144,928 | +€74,945 | +107.1% |
| Recurring financial charges | 65 | €69,838 | €144,592 | +€74,754 | +107.0% |
| Non-recurring financial charges | 66B | €145 | €336 | +€191 | +131.7% |
| Profit (loss) for the period before taxes | 9903 | €28,090 | -€164,804 | -€192,894 | |
| Income taxes | 67/77 | €8,558 | - | -€8,558 | |
| Profit (loss) for the period | 9904 | €19,532 | -€164,804 | -€184,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,532 | -€164,804 | -€184,336 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.