Vivago: 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.
Vivago
Largest movements
- Cash -€67,212
down €67,212 (-69.4%), from €96,887 to €29,675
mainly Receivables within one year (-€62,146) and Contributions, distributions and other (-€29,500)
- Receivables within one year +€62,146
up €62,146 (+179%), from €34,664 to €96,810
of which Trade receivables: +€45,387
- Current investments -€7,716
down €7,716 (-100%), from €7,716 to €0
- Tangible fixed assets -€2,652
down €2,652 (-27.1%), from €9,778 to €7,126
- Tax, wage and social debts -€20,729
down €20,729 (-96.8%), from €21,413 to €684
of which Taxes: -€19,263
- Reserves +€15,705
up €15,705 (+24.5%), from €64,155 to €79,860
- Other debts -€9,617
down €9,617 (-24.0%), from €40,067 to €30,449
- Trade debts +€4,103
up €4,103 (+207%), from €1,978 to €6,081
- Short-term financial debts -€3,816
down €3,816 (-75.1%), from €5,083 to €1,267
- Gross operating margin -€12,049
down €12,049 (-15.8%), from €76,347 to €64,299
- Taxes -€6,088
down €6,088 (-31.9%), from €19,105 to €13,016
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 | €151,746 | €136,941 | -€14,805 | -9.8% |
| Fixed assets | 21/28 | €9,778 | €7,126 | -€2,652 | -27.1% |
| Tangible fixed assets | 22/27 | €9,778 | €7,126 | -€2,652 | -27.1% |
| Plant, machinery and equipment | 23 | €798 | €101 | -€697 | -87.3% |
| Furniture and vehicles | 24 | €4,711 | €3,901 | -€810 | -17.2% |
| Other tangible fixed assets | 26 | €4,269 | €3,124 | -€1,145 | -26.8% |
| Current assets | 29/58 | €141,968 | €129,815 | -€12,153 | -8.6% |
| Amounts receivable within one year | 40/41 | €34,664 | €96,810 | +€62,146 | +179% |
| Trade receivables | 40 | €31,873 | €77,259 | +€45,387 | +142% |
| Other amounts receivable | 41 | €2,792 | €19,551 | +€16,759 | +600% |
| Current investments | 50/53 | €7,716 | €0 | -€7,716 | -100% |
| Cash at bank and in hand | 54/58 | €96,887 | €29,675 | -€67,212 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,700 | €3,330 | +€630 | +23.3% |
| Total equity and liabilities | 10/49 | €151,746 | €136,941 | -€14,805 | -9.8% |
| Equity | 10/15 | €82,755 | €98,460 | +€15,705 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,155 | €79,860 | +€15,705 | +24.5% |
| Distributable reserves | 133 | €64,155 | €79,860 | +€15,705 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,991 | €38,481 | -€30,510 | -44.2% |
| Amounts payable within one year | 42/48 | €68,541 | €38,481 | -€30,060 | -43.9% |
| Financial debts | 43 | €5,083 | €1,267 | -€3,816 | -75.1% |
| Credit institutions | 430/8 | €5,083 | €1,267 | -€3,816 | -75.1% |
| Trade debts | 44 | €1,978 | €6,081 | +€4,103 | +207% |
| Suppliers | 440/4 | €1,978 | €6,081 | +€4,103 | +207% |
| Taxes, remuneration and social security | 45 | €21,413 | €684 | -€20,729 | -96.8% |
| Taxes | 450/3 | €19,947 | €684 | -€19,263 | -96.6% |
| Remuneration and social security | 454/9 | €1,466 | €0 | -€1,466 | -100% |
| Other amounts payable | 47/48 | €40,067 | €30,449 | -€9,617 | -24.0% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,782 | €3,746 | -€36 | -0.9% |
| Other operating charges | 640/8 | €1,336 | €1,484 | +€148 | +11.1% |
| Gross operating margin | 9900 | €76,347 | €64,299 | -€12,049 | -15.8% |
| Operating profit (loss) | 9901 | €71,229 | €59,069 | -€12,161 | -17.1% |
| Financial income | 75/76B | €662 | €118 | -€545 | -82.2% |
| Recurring financial income | 75 | €662 | €118 | -€545 | -82.2% |
| Financial charges | 65/66B | €1,621 | €965 | -€656 | -40.5% |
| Recurring financial charges | 65 | €1,621 | €965 | -€656 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €70,271 | €58,221 | -€12,050 | -17.1% |
| Income taxes | 67/77 | €19,105 | €13,016 | -€6,088 | -31.9% |
| Profit (loss) for the period | 9904 | €51,166 | €45,205 | -€5,961 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,166 | €45,205 | -€5,961 | -11.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.