VIVADIS-DIRECT: 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.
VIVADIS-DIRECT
Largest movements
- Tangible fixed assets +€65,638
up €65,638 (+23.9%), from €274,541 to €340,179
of which Other tangible fixed assets: +€37,769
- Receivables within one year +€25,089
up €25,089 (+26.6%), from €94,389 to €119,479
of which Other amounts receivable: +€26,272
- Debts after one year +€122,296
up €122,296 (+33.4%), from €366,219 to €488,515
of which Other amounts payable: +€137,635
- Profit (loss) carried forward -€25,924
down €25,924 (-47.4%), from -€54,695 to -€80,619
- Trade debts -€8,358
down €8,358 (-31.5%), from €26,518 to €18,161
- Gross operating margin -€18,822
down €18,822, from €16,756 to -€2,066
- Other operating charges -€5,410
down €5,410 (-69.6%), from €7,769 to €2,359
- Financial income +€3,753
up €3,753 (+15,509%), from €24 to €3,777
- Depreciation +€834
up €834 (+3.5%), from €23,945 to €24,779
- Financial charges -€770
down €770 (-60.8%), from €1,268 to €497
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 | €373,058 | €460,807 | +€87,749 | +23.5% |
| Fixed assets | 21/28 | €274,716 | €340,179 | +€65,463 | +23.8% |
| Tangible fixed assets | 22/27 | €274,541 | €340,179 | +€65,638 | +23.9% |
| Plant, machinery and equipment | 23 | €15,547 | €11,464 | -€4,083 | -26.3% |
| Furniture and vehicles | 24 | €5,028 | €36,979 | +€31,951 | +635% |
| Other tangible fixed assets | 26 | €253,966 | €291,736 | +€37,769 | +14.9% |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €98,342 | €120,628 | +€22,286 | +22.7% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Stocks | 30/36 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €94,389 | €119,479 | +€25,089 | +26.6% |
| Trade receivables | 40 | €62,189 | €61,007 | -€1,183 | -1.9% |
| Other amounts receivable | 41 | €32,200 | €58,472 | +€26,272 | +81.6% |
| Cash at bank and in hand | 54/58 | €1,729 | €1,075 | -€654 | -37.8% |
| Deferred charges and accrued income | 490/1 | €224 | €74 | -€149 | -66.7% |
| Total equity and liabilities | 10/49 | €373,058 | €460,807 | +€87,749 | +23.5% |
| Equity | 10/15 | -€36,095 | -€62,019 | -€25,924 | -71.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,695 | -€80,619 | -€25,924 | -47.4% |
| Amounts payable | 17/49 | €409,152 | €522,826 | +€113,673 | +27.8% |
| Amounts payable after more than one year | 17 | €366,219 | €488,515 | +€122,296 | +33.4% |
| Financial debts | 170/4 | €16,216 | €877 | -€15,339 | -94.6% |
| Other amounts payable | 178/9 | €350,003 | €487,638 | +€137,635 | +39.3% |
| Amounts payable within one year | 42/48 | €42,934 | €34,311 | -€8,623 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €15,158 | €15,339 | +€180 | +1.2% |
| Trade debts | 44 | €26,518 | €18,161 | -€8,358 | -31.5% |
| Suppliers | 440/4 | €26,518 | €18,161 | -€8,358 | -31.5% |
| Taxes, remuneration and social security | 45 | €1,257 | €812 | -€445 | -35.4% |
| Taxes | 450/3 | €1,257 | €812 | -€445 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,945 | €24,779 | +€834 | +3.5% |
| Other operating charges | 640/8 | €7,769 | €2,359 | -€5,410 | -69.6% |
| Non-recurring operating charges | 66A | €134 | - | -€134 | |
| Gross operating margin | 9900 | €16,756 | -€2,066 | -€18,822 | |
| Operating profit (loss) | 9901 | -€15,092 | -€29,204 | -€14,112 | -93.5% |
| Financial income | 75/76B | €24 | €3,777 | +€3,753 | +15,509% |
| Recurring financial income | 75 | €24 | €3,777 | +€3,753 | +15,509% |
| Financial charges | 65/66B | €1,268 | €497 | -€770 | -60.8% |
| Recurring financial charges | 65 | €1,268 | €497 | -€770 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,335 | -€25,924 | -€9,589 | -58.7% |
| Profit (loss) for the period | 9904 | -€16,335 | -€25,924 | -€9,589 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,335 | -€25,924 | -€9,589 | -58.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.