VIVACTIS GROUP: 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.
What changed
VIVACTIS GROUP
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€170,897
2024 · €91,925+€78,972
Equity
€12.6m
2024 · €12.4m+€189,079
Cash
€1,232
2024 · €101,584-€100,352
Balance sheet total
€18.7m
2024 · €20.2m-€1.5m
Largest movements
Assets
- Receivables within one year -€3.1m
down €3.1m (-79.1%), from €4.0m to €833,350
of which Trade receivables: -€2.1m
- Financial fixed assets +€1.5m
up €1.5m (+9.7%), from €16.0m to €17.5m
of which Affiliated companies: +€1.5m
Equity and liabilities
- Reserves +€647,048
up €647,048 (+1304.6%), from €49,598 to €696,646
of which Tax-exempt reserves: +€628,865
- Trade debts -€510,318
down €510,318 (-66.5%), from €767,796 to €257,478
- Provisions -€492,074
no longer reported in 2025 (was €492,074)
- Profit (loss) carried forward -€457,968
down €457,968 (-2.8%), from -€16.2m to -€16.6m
- Short-term financial debts -€306,348
down €306,348 (-99.9%), from €306,773 to €425
Income statement
- Financial charges -€1.6m
down €1.6m (-68.5%), from €2.4m to €749,370
of which Non-recurring financial charges: -€1.1m
- Financial income +€854,247
up €854,247 (+49.1%), from €1.7m to €2.6m
of which Non-recurring financial income: +€836,406
- Turnover -€663,540
down €663,540 (-43.5%), from €1.5m to €861,653
- Provisions -€492,074
no longer reported in 2025 (was €492,074)
- Services and other goods +€192,739
up €192,739 (+45.8%), from €420,862 to €613,601
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.
Result 2024
€91,925
Turnover
-€663,540
Other operating income
+€2,489
Services and other goods
-€192,739
Staff costs
-€42,647
Depreciation
+€4,309
Write-downs
+€182,522
Provisions
+€492,074
Other operating charges
-€2,987
Other operating items
-€2.2m
Financial income
+€854,247
Financial charges
+€1.6m
Taxes
-€1,313
Result 2025
€170,897
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.
From operations
+€1.8m
Investment
-€1.6m
Financing
-€340,984
Cash 2024
€101,584
From operations (derived)
+€1.8m
Net result for the year
+€170,897
Depreciation
+€34,464
Receivables within one year
+€3.1m
Deferred charges and accrued income
-€180,653
Provisions
-€492,074
Trade debts
-€510,318
Tax, wage and social debts
-€186,695
Other debts
-€181,526
Accrued charges and deferred income
+€9
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€340,984
Debts after one year
-€295,644
Current portion of long-term debt
+€242,826
Short-term financial debts
-€306,348
Contributions, distributions and other
+€18,182
Cash 2025
€1,232
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,203,534 | €18,662,844 | -€1.5m | -7.6% |
| Fixed assets | 21/28 | €16,020,794 | €17,548,165 | +€1.5m | +9.5% |
| Intangible fixed assets | 21 | €59,743 | €45,380 | -€14,363 | -24.0% |
| Tangible fixed assets | 22/27 | €8,038 | €6,411 | -€1,627 | -20.2% |
| Plant, machinery and equipment | 23 | €2,279 | €629 | -€1,650 | -72.4% |
| Furniture and vehicles | 24 | €4,732 | €2,092 | -€2,640 | -55.8% |
| Other tangible fixed assets | 26 | €1,027 | €3,691 | +€2,664 | +259.4% |
| Financial fixed assets | 28 | €15,953,014 | €17,496,374 | +€1.5m | +9.7% |
| Affiliated companies | 280/1 | €15,951,814 | €17,493,174 | +€1.5m | +9.7% |
| Participating interests | 280 | €12,364,650 | €14,164,241 | +€1.8m | +14.6% |
| Amounts receivable | 281 | €3,587,164 | €3,328,933 | -€258,231 | -7.2% |
| Companies linked by participating interests | 282/3 | - | €1,874 | +€1,874 | |
| Participating interests | 282 | - | €1,874 | +€1,874 | |
| Other financial fixed assets | 284/8 | €1,200 | €1,325 | +€125 | +10.4% |
| Amounts receivable and cash guarantees | 285/8 | €1,200 | €1,325 | +€125 | +10.4% |
| Current assets | 29/58 | €4,182,739 | €1,114,679 | -€3.1m | -73.4% |
| Amounts receivable within one year | 40/41 | €3,981,710 | €833,350 | -€3.1m | -79.1% |
| Trade receivables | 40 | €2,719,405 | €635,465 | -€2.1m | -76.6% |
| Other amounts receivable | 41 | €1,262,305 | €197,886 | -€1.1m | -84.3% |
| Cash at bank and in hand | 54/58 | €101,584 | €1,232 | -€100,352 | -98.8% |
| Deferred charges and accrued income | 490/1 | €99,445 | €280,097 | +€180,653 | +181.7% |
| Total equity and liabilities | 10/49 | €20,203,534 | €18,662,844 | -€1.5m | -7.6% |
| Equity | 10/15 | €12,420,418 | €12,609,498 | +€189,079 | +1.5% |
| Contributions | 10/11 | €28,548,475 | €28,548,475 | = | 0.0% |
| Capital | 10 | €27,116,538 | €27,116,538 | = | 0.0% |
| Issued capital | 100 | €27,116,538 | €27,116,538 | = | 0.0% |
| Outside capital | 11 | €1,431,937 | €1,431,937 | = | 0.0% |
| Share premium | 1100/10 | €1,431,937 | €1,431,937 | = | 0.0% |
| Reserves | 13 | €49,598 | €696,646 | +€647,048 | +1304.6% |
| Non-distributable reserves | 130/1 | €49,598 | €67,781 | +€18,182 | +36.7% |
| Legal reserve | 130 | €49,598 | €49,598 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €18,182 | +€18,182 | |
| Tax-exempt reserves | 132 | - | €628,865 | +€628,865 | |
| Profit (loss) carried forward | 14 | -€16,177,655 | -€16,635,624 | -€457,968 | -2.8% |
| Provisions and deferred taxes | 16 | €492,074 | - | -€492,074 | |
| Provisions for liabilities and charges | 160/5 | €492,074 | - | -€492,074 | |
| Other liabilities and charges | 164/5 | €492,074 | - | -€492,074 | |
| Amounts payable | 17/49 | €7,291,041 | €6,053,347 | -€1.2m | -17.0% |
| Amounts payable after more than one year | 17 | €3,748,832 | €3,453,188 | -€295,644 | -7.9% |
| Financial debts | 170/4 | €3,748,832 | €3,453,188 | -€295,644 | -7.9% |
| Credit institutions | 173 | €3,748,832 | €3,453,188 | -€295,644 | -7.9% |
| Amounts payable within one year | 42/48 | €3,493,381 | €2,551,321 | -€942,060 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €727,072 | €969,897 | +€242,826 | +33.4% |
| Financial debts | 43 | €306,773 | €425 | -€306,348 | -99.9% |
| Credit institutions | 430/8 | €306,773 | €425 | -€306,348 | -99.9% |
| Trade debts | 44 | €767,796 | €257,478 | -€510,318 | -66.5% |
| Suppliers | 440/4 | €767,796 | €257,478 | -€510,318 | -66.5% |
| Taxes, remuneration and social security | 45 | €349,807 | €163,112 | -€186,695 | -53.4% |
| Taxes | 450/3 | €242,372 | €71,671 | -€170,702 | -70.4% |
| Remuneration and social security | 454/9 | €107,434 | €91,441 | -€15,993 | -14.9% |
| Other amounts payable | 47/48 | €1,341,934 | €1,160,408 | -€181,526 | -13.5% |
| Accrued charges and deferred income | 492/3 | €48,829 | €48,838 | +€9 | 0.0% |
| Operating income | 70/76A | €2,998,507 | €2,128,244 | -€870,263 | -29.0% |
| Turnover | 70 | €1,525,193 | €861,653 | -€663,540 | -43.5% |
| Other operating income | 74 | - | €2,489 | +€2,489 | |
| Non-recurring operating income | 76A | €1,473,314 | €1,264,102 | -€209,212 | -14.2% |
| Operating charges | 60/66A | €2,270,338 | €3,800,895 | +€1.5m | +67.4% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €420,862 | €613,601 | +€192,739 | +45.8% |
| Remuneration, social security and pensions | 62 | €265,209 | €307,855 | +€42,647 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,773 | €34,464 | -€4,309 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €182,522 | - | -€182,522 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €492,074 | - | -€492,074 | |
| Other operating charges | 640/8 | - | €2,987 | +€2,987 | |
| Operating charges capitalised as restructuring costs | 649 | -€4,713 | - | +€4,713 | |
| Non-recurring operating charges | 66A | €875,612 | €2,841,988 | +€2.0m | +224.6% |
| Operating profit (loss) | 9901 | €728,169 | -€1,672,651 | -€2.4m | |
| Financial income | 75/76B | €1,740,023 | €2,594,269 | +€854,247 | +49.1% |
| Recurring financial income | 75 | €128,077 | €145,917 | +€17,841 | +13.9% |
| Income from financial fixed assets | 750 | €127,688 | €145,085 | +€17,398 | +13.6% |
| Income from current assets | 751 | €13 | - | -€13 | |
| Other financial income | 752/9 | €377 | €832 | +€455 | +120.9% |
| Non-recurring financial income | 76B | €1,611,946 | €2,448,352 | +€836,406 | +51.9% |
| Financial charges | 65/66B | €2,376,229 | €749,370 | -€1.6m | -68.5% |
| Recurring financial charges | 65 | €810,237 | €281,552 | -€528,684 | -65.3% |
| Debt charges | 650 | €793,841 | €266,954 | -€526,887 | -66.4% |
| Other financial charges | 652/9 | €16,396 | €14,599 | -€1,797 | -11.0% |
| Non-recurring financial charges | 66B | €1,565,993 | €467,818 | -€1.1m | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €91,963 | €172,247 | +€80,285 | +87.3% |
| Income taxes | 67/77 | €38 | €1,351 | +€1,313 | +3501.4% |
| Taxes | 670/3 | €38 | €1,351 | +€1,313 | +3501.4% |
| Profit (loss) for the period | 9904 | €91,925 | €170,897 | +€78,972 | +85.9% |
| Transfer to tax-exempt reserves | 689 | - | €628,865 | +€628,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,925 | -€457,968 | -€549,893 |
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 4 October 2026 via checked.be.