VIVA NORDIC: 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.
VIVA NORDIC
Largest movements
- Receivables within one year +€35,750
up €35,750 (+4,047%), from €883 to €36,633
- Tangible fixed assets +€32,394
up €32,394 (+310%), from €10,440 to €42,834
of which Furniture and vehicles: +€32,373
- Cash -€6,207
down €6,207 (-98.7%), from €6,289 to €83
mainly Investment in fixed assets (net) (-€36,854) and Receivables within one year (-€35,750)
- Intangible fixed assets -€4,000
down €4,000 (-12.5%), from €32,000 to €28,000
- Advances received +€28,567
new in 2025: €28,567
- Debts after one year +€21,031
new in 2025: €21,031
- Current portion of long-term debt +€9,369
new in 2025: €9,369
- Profit (loss) carried forward +€6,539
up €6,539 (+40.6%), from -€16,126 to -€9,586
- Trade debts -€5,548
down €5,548 (-32.4%), from €17,111 to €11,562
- Gross operating margin +€31,323
up €31,323, from -€5,308 to €26,015
- Other operating charges +€3,714
up €3,714 (+90.8%), from €4,088 to €7,802
- Financial charges +€2,233
up €2,233 (+225%), from €991 to €3,224
- Depreciation +€1,284
up €1,284 (+17.9%), from €7,177 to €8,460
- Financial income -€329
down €329 (-96.9%), from €339 to €10
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 | €67,087 | €124,468 | +€57,381 | +85.5% |
| Fixed assets | 21/28 | €42,440 | €70,834 | +€28,394 | +66.9% |
| Intangible fixed assets | 21 | €32,000 | €28,000 | -€4,000 | -12.5% |
| Tangible fixed assets | 22/27 | €10,440 | €42,834 | +€32,394 | +310% |
| Plant, machinery and equipment | 23 | €7,856 | €7,877 | +€21 | +0.3% |
| Furniture and vehicles | 24 | €2,584 | €34,957 | +€32,373 | +1,253% |
| Current assets | 29/58 | €24,647 | €53,635 | +€28,988 | +118% |
| Stocks and contracts in progress | 3 | €17,475 | €16,919 | -€556 | -3.2% |
| Stocks | 30/36 | €17,475 | €16,919 | -€556 | -3.2% |
| Amounts receivable within one year | 40/41 | €883 | €36,633 | +€35,750 | +4,047% |
| Trade receivables | 40 | €883 | €36,633 | +€35,750 | +4,047% |
| Cash at bank and in hand | 54/58 | €6,289 | €83 | -€6,207 | -98.7% |
| Total equity and liabilities | 10/49 | €67,087 | €124,468 | +€57,381 | +85.5% |
| Equity | 10/15 | -€6,126 | €414 | +€6,539 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,126 | -€9,586 | +€6,539 | +40.6% |
| Amounts payable | 17/49 | €73,213 | €124,054 | +€50,842 | +69.4% |
| Amounts payable after more than one year | 17 | - | €21,031 | +€21,031 | |
| Financial debts | 170/4 | - | €21,031 | +€21,031 | |
| Amounts payable within one year | 42/48 | €73,213 | €103,023 | +€29,811 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,369 | +€9,369 | |
| Trade debts | 44 | €17,111 | €11,562 | -€5,548 | -32.4% |
| Suppliers | 440/4 | €17,111 | €11,562 | -€5,548 | -32.4% |
| Advances received on contracts in progress | 46 | - | €28,567 | +€28,567 | |
| Taxes, remuneration and social security | 45 | €1,519 | €2,553 | +€1,034 | +68.1% |
| Taxes | 450/3 | €1,519 | €2,553 | +€1,034 | +68.1% |
| Other amounts payable | 47/48 | €54,583 | €50,972 | -€3,611 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,177 | €8,460 | +€1,284 | +17.9% |
| Other operating charges | 640/8 | €4,088 | €7,802 | +€3,714 | +90.8% |
| Gross operating margin | 9900 | -€5,308 | €26,015 | +€31,323 | |
| Operating profit (loss) | 9901 | -€16,573 | €9,753 | +€26,325 | |
| Financial income | 75/76B | €339 | €10 | -€329 | -96.9% |
| Recurring financial income | 75 | €339 | €10 | -€329 | -96.9% |
| Financial charges | 65/66B | €991 | €3,224 | +€2,233 | +225% |
| Recurring financial charges | 65 | €991 | €3,224 | +€2,233 | +225% |
| Profit (loss) for the period before taxes | 9903 | -€17,224 | €6,539 | +€23,763 | |
| Income taxes | 67/77 | - | -€0 | -€0 | |
| Profit (loss) for the period | 9904 | -€17,224 | €6,539 | +€23,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,224 | €6,539 | +€23,764 |
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 28 October 2026 via checked.be.