VIVADERM: 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.
VIVADERM
Largest movements
- Tangible fixed assets -€39,210
down €39,210 (-5.6%), from €705,860 to €666,649
of which Land and buildings: -€37,855
- Deferred charges and accrued income -€17,393
down €17,393 (-97.2%), from €17,886 to €493
- Cash +€12,901
up €12,901 (+421.9%), from €3,058 to €15,959
mainly Depreciation (+€50,679) and Net result for the year (+€38,691)
- Receivables within one year +€9,683
up €9,683 (+39.7%), from €24,420 to €34,103
- Debts after one year -€60,285
down €60,285 (-10.3%), from €583,910 to €523,625
- Reserves +€38,691
up €38,691 (+53.6%), from €72,163 to €110,854
- Provisions -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Short-term financial debts +€12,527
new in 2025: €12,527
- Gross operating margin -€66,461
down €66,461 (-37.4%), from €177,761 to €111,301
- Provisions -€20,000
new in 2025: -€20,000
- Taxes -€8,572
down €8,572 (-30.9%), from €27,710 to €19,138
- Depreciation -€4,489
down €4,489 (-8.1%), from €55,168 to €50,679
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 | €855,700 | €821,681 | -€34,019 | -4.0% |
| Fixed assets | 21/28 | €720,860 | €681,649 | -€39,210 | -5.4% |
| Tangible fixed assets | 22/27 | €705,860 | €666,649 | -€39,210 | -5.6% |
| Land and buildings | 22 | €651,983 | €614,127 | -€37,855 | -5.8% |
| Plant, machinery and equipment | 23 | €3,759 | €8,668 | +€4,910 | +130.6% |
| Furniture and vehicles | 24 | €18,893 | €13,619 | -€5,274 | -27.9% |
| Other tangible fixed assets | 26 | €31,226 | €30,234 | -€991 | -3.2% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €134,841 | €140,032 | +€5,192 | +3.9% |
| Amounts receivable after more than one year | 29 | €89,478 | €89,478 | = | 0.0% |
| Other amounts receivable | 291 | €89,478 | €89,478 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,420 | €34,103 | +€9,683 | +39.7% |
| Other amounts receivable | 41 | €24,420 | €34,103 | +€9,683 | +39.7% |
| Cash at bank and in hand | 54/58 | €3,058 | €15,959 | +€12,901 | +421.9% |
| Deferred charges and accrued income | 490/1 | €17,886 | €493 | -€17,393 | -97.2% |
| Total equity and liabilities | 10/49 | €855,700 | €821,681 | -€34,019 | -4.0% |
| Equity | 10/15 | €124,593 | €163,284 | +€38,691 | +31.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €72,163 | €110,854 | +€38,691 | +53.6% |
| Distributable reserves | 133 | €72,163 | €110,854 | +€38,691 | +53.6% |
| Profit (loss) carried forward | 14 | €40,030 | €40,030 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Pensions and similar obligations | 160 | €40,000 | €40,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,000 | - | -€20,000 | |
| Amounts payable | 17/49 | €671,107 | €618,397 | -€52,710 | -7.9% |
| Amounts payable after more than one year | 17 | €583,910 | €523,625 | -€60,285 | -10.3% |
| Financial debts | 170/4 | €583,910 | €523,625 | -€60,285 | -10.3% |
| Amounts payable within one year | 42/48 | €87,196 | €94,772 | +€7,576 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €61,010 | €60,285 | -€725 | -1.2% |
| Financial debts | 43 | - | €12,527 | +€12,527 | |
| Credit institutions | 430/8 | - | €12,527 | +€12,527 | |
| Trade debts | 44 | €1,976 | €4,286 | +€2,310 | +116.9% |
| Suppliers | 440/4 | €1,976 | €4,286 | +€2,310 | +116.9% |
| Taxes, remuneration and social security | 45 | €20,610 | €17,674 | -€2,936 | -14.2% |
| Taxes | 450/3 | €20,610 | €17,674 | -€2,936 | -14.2% |
| Other amounts payable | 47/48 | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,168 | €50,679 | -€4,489 | -8.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€20,000 | -€20,000 | |
| Other operating charges | 640/8 | €792 | €348 | -€444 | -56.1% |
| Gross operating margin | 9900 | €177,761 | €111,301 | -€66,461 | -37.4% |
| Operating profit (loss) | 9901 | €121,801 | €80,274 | -€41,527 | -34.1% |
| Financial income | 75/76B | €3 | €4 | +€1 | +15.3% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +15.3% |
| Financial charges | 65/66B | €23,791 | €22,450 | -€1,341 | -5.6% |
| Recurring financial charges | 65 | €23,791 | €22,450 | -€1,341 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €98,014 | €57,829 | -€40,185 | -41.0% |
| Income taxes | 67/77 | €27,710 | €19,138 | -€8,572 | -30.9% |
| Profit (loss) for the period | 9904 | €70,303 | €38,691 | -€31,613 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,303 | €38,691 | -€31,613 | -45.0% |
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 7 October 2026 via checked.be.