ViVaC: what changed
ViVaC
Largest movements
- Tangible fixed assets -€25,066
down €25,066 (-100%), from €25,066 to €0
- Cash +€17,354
up €17,354 (+346%), from €5,018 to €22,372
mainly Investment in fixed assets (net) (+€24,846) and Trade debts (+€867)
- Deferred charges and accrued income +€4,800
up €4,800 (+279%), from €1,722 to €6,522
- Receivables within one year +€1,000
up €1,000 (+69.4%), from €1,441 to €2,441
of which Trade receivables: +€764
- Reserves -€3,034
down €3,034 (-14.2%), from €21,368 to €18,334
- Trade debts +€867
up €867 (+176%), from €493 to €1,360
- Depreciation -€8,554
down €8,554 (-97.5%), from €8,774 to €219
- Gross operating margin +€3,669
up €3,669 (+78.0%), from -€4,704 to -€1,034
- Financial charges +€345
up €345 (+69.2%), from €499 to €844
- Staff costs -€174
down €174 (-100%), from €174 to €0
- Taxes +€54
up €54 (+43.1%), from €124 to €178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,247 | €31,335 | -€1,912 | -5.7% |
| Fixed assets | 21/28 | €25,066 | €0 | -€25,066 | -100% |
| Tangible fixed assets | 22/27 | €25,066 | €0 | -€25,066 | -100% |
| Furniture and vehicles | 24 | €25,066 | €0 | -€25,066 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,181 | €31,335 | +€23,154 | +283% |
| Amounts receivable within one year | 40/41 | €1,441 | €2,441 | +€1,000 | +69.4% |
| Trade receivables | 40 | €1,441 | €2,205 | +€764 | +53.1% |
| Other amounts receivable | 41 | - | €236 | +€236 | |
| Cash at bank and in hand | 54/58 | €5,018 | €22,372 | +€17,354 | +346% |
| Deferred charges and accrued income | 490/1 | €1,722 | €6,522 | +€4,800 | +279% |
| Total equity and liabilities | 10/49 | €33,247 | €31,335 | -€1,912 | -5.7% |
| Equity | 10/15 | €27,368 | €24,334 | -€3,034 | -11.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €21,368 | €18,334 | -€3,034 | -14.2% |
| Distributable reserves | 133 | €21,368 | €18,334 | -€3,034 | -14.2% |
| Amounts payable | 17/49 | €5,879 | €7,002 | +€1,123 | +19.1% |
| Amounts payable within one year | 42/48 | €5,520 | €6,659 | +€1,138 | +20.6% |
| Trade debts | 44 | €493 | €1,360 | +€867 | +176% |
| Suppliers | 440/4 | €493 | €1,360 | +€867 | +176% |
| Taxes, remuneration and social security | 45 | €288 | €308 | +€20 | +7.1% |
| Taxes | 450/3 | €288 | €308 | +€20 | +7.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,740 | €4,991 | +€251 | +5.3% |
| Accrued charges and deferred income | 492/3 | €359 | €343 | -€16 | -4.4% |
| Non-recurring operating income | 76A | - | €4,454 | +€4,454 | |
| Remuneration, social security and pensions | 62 | €174 | €0 | -€174 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,774 | €219 | -€8,554 | -97.5% |
| Other operating charges | 640/8 | €716 | €759 | +€43 | +6.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€4,704 | -€1,034 | +€3,669 | +78.0% |
| Operating profit (loss) | 9901 | -€14,366 | -€2,012 | +€12,354 | +86.0% |
| Financial charges | 65/66B | €499 | €844 | +€345 | +69.2% |
| Recurring financial charges | 65 | €499 | €844 | +€345 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,865 | -€2,856 | +€12,009 | +80.8% |
| Income taxes | 67/77 | €124 | €178 | +€54 | +43.1% |
| Profit (loss) for the period | 9904 | -€14,989 | -€3,034 | +€11,955 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,989 | -€3,034 | +€11,955 | +79.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.