Viva Projects: 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.
Viva Projects
Largest movements
- Financial fixed assets +€250,000
new in 2025: €250,000
- Tangible fixed assets -€156,533
down €156,533 (-6.9%), from €2.3m to €2.1m
of which Land and buildings: -€110,379
- Cash +€43,015
up €43,015 (+13.7%), from €314,510 to €357,524
mainly Other debts (+€240,138) and Depreciation (+€158,342)
- Receivables within one year -€41,980
down €41,980 (-29.7%), from €141,265 to €99,286
of which Trade receivables: -€134,793
- Other debts +€240,138
up €240,138 (+37.0%), from €648,579 to €888,717
- Debts after one year -€185,577
down €185,577 (-16.2%), from €1.1m to €962,302
- Reserves +€81,017
up €81,017 (+12.1%), from €671,255 to €752,271
- Tax, wage and social debts -€34,866
down €34,866 (-54.8%), from €63,622 to €28,756
of which Taxes: -€33,058
- Gross operating margin -€18,484
down €18,484 (-5.9%), from €310,803 to €292,319
- Depreciation +€8,094
up €8,094 (+5.4%), from €150,248 to €158,342
- Taxes -€4,319
down €4,319 (-15.2%), from €28,486 to €24,167
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.
Cash bridge derived
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 | €2,727,775 | €2,819,345 | +€91,571 | +3.4% |
| Fixed assets | 21/28 | €2,266,149 | €2,359,616 | +€93,467 | +4.1% |
| Tangible fixed assets | 22/27 | €2,266,149 | €2,109,616 | -€156,533 | -6.9% |
| Land and buildings | 22 | €2,083,071 | €1,972,692 | -€110,379 | -5.3% |
| Furniture and vehicles | 24 | €183,078 | €136,924 | -€46,154 | -25.2% |
| Financial fixed assets | 28 | - | €250,000 | +€250,000 | |
| Current assets | 29/58 | €461,625 | €459,729 | -€1,896 | -0.4% |
| Amounts receivable within one year | 40/41 | €141,265 | €99,286 | -€41,980 | -29.7% |
| Trade receivables | 40 | €141,252 | €6,458 | -€134,793 | -95.4% |
| Other amounts receivable | 41 | €14 | €92,827 | +€92,814 | +685477.8% |
| Cash at bank and in hand | 54/58 | €314,510 | €357,524 | +€43,015 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,851 | €2,920 | -€2,931 | -50.1% |
| Total equity and liabilities | 10/49 | €2,727,775 | €2,819,345 | +€91,571 | +3.4% |
| Equity | 10/15 | €672,255 | €753,271 | +€81,017 | +12.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €671,255 | €752,271 | +€81,017 | +12.1% |
| Distributable reserves | 133 | €671,255 | €752,271 | +€81,017 | +12.1% |
| Amounts payable | 17/49 | €2,055,520 | €2,066,074 | +€10,554 | +0.5% |
| Amounts payable after more than one year | 17 | €1,147,879 | €962,302 | -€185,577 | -16.2% |
| Financial debts | 170/4 | €1,147,879 | €962,302 | -€185,577 | -16.2% |
| Amounts payable within one year | 42/48 | €907,641 | €1,103,772 | +€196,131 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €193,841 | €185,577 | -€8,264 | -4.3% |
| Trade debts | 44 | €1,599 | €722 | -€877 | -54.9% |
| Suppliers | 440/4 | €1,599 | €722 | -€877 | -54.9% |
| Taxes, remuneration and social security | 45 | €63,622 | €28,756 | -€34,866 | -54.8% |
| Taxes | 450/3 | €58,216 | €25,157 | -€33,058 | -56.8% |
| Remuneration and social security | 454/9 | €5,406 | €3,599 | -€1,808 | -33.4% |
| Other amounts payable | 47/48 | €648,579 | €888,717 | +€240,138 | +37.0% |
| Non-recurring operating income | 76A | €26,639 | - | -€26,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,248 | €158,342 | +€8,094 | +5.4% |
| Other operating charges | 640/8 | €11,107 | €10,646 | -€461 | -4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €310,803 | €292,319 | -€18,484 | -5.9% |
| Operating profit (loss) | 9901 | €149,449 | €123,331 | -€26,118 | -17.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.6% |
| Financial charges | 65/66B | €20,048 | €18,147 | -€1,901 | -9.5% |
| Recurring financial charges | 65 | €20,048 | €18,147 | -€1,901 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €129,401 | €105,184 | -€24,217 | -18.7% |
| Income taxes | 67/77 | €28,486 | €24,167 | -€4,319 | -15.2% |
| Profit (loss) for the period | 9904 | €100,915 | €81,017 | -€19,898 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,915 | €81,017 | -€19,898 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.