VIVAHO: 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.
VIVAHO
Largest movements
- Tangible fixed assets +€21,190
up €21,190 (+5,289%), from €401 to €21,591
of which Furniture and vehicles: +€20,552
- Cash -€15,500
down €15,500 (-65.4%), from €23,689 to €8,188
mainly Investment in fixed assets (net) (-€23,359) and Receivables within one year (-€14,480)
- Receivables within one year +€14,480
up €14,480 (+86.9%), from €16,667 to €31,147
of which Other amounts receivable: +€13,982
- Deferred charges and accrued income +€1,177
new in 2025: €1,177
- Reserves +€22,485
up €22,485 (+68.3%), from €32,908 to €55,393
- Trade debts -€771
down €771 (-42.5%), from €1,815 to €1,044
- Gross operating margin +€4,934
up €4,934 (+17.9%), from €27,491 to €32,425
- Depreciation +€1,928
up €1,928 (+802%), from €240 to €2,169
- Taxes +€777
up €777 (+12.8%), from €6,078 to €6,855
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 | €40,756 | €62,103 | +€21,347 | +52.4% |
| Fixed assets | 21/28 | €401 | €21,591 | +€21,190 | +5,289% |
| Tangible fixed assets | 22/27 | €401 | €21,591 | +€21,190 | +5,289% |
| Plant, machinery and equipment | 23 | €401 | €1,039 | +€638 | +159% |
| Furniture and vehicles | 24 | - | €20,552 | +€20,552 | |
| Current assets | 29/58 | €40,355 | €40,512 | +€157 | +0.4% |
| Amounts receivable within one year | 40/41 | €16,667 | €31,147 | +€14,480 | +86.9% |
| Trade receivables | 40 | €8,164 | €8,662 | +€498 | +6.1% |
| Other amounts receivable | 41 | €8,503 | €22,485 | +€13,982 | +164% |
| Cash at bank and in hand | 54/58 | €23,689 | €8,188 | -€15,500 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €1,177 | +€1,177 | |
| Total equity and liabilities | 10/49 | €40,756 | €62,103 | +€21,347 | +52.4% |
| Equity | 10/15 | €36,908 | €59,393 | +€22,485 | +60.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €32,908 | €55,393 | +€22,485 | +68.3% |
| Distributable reserves | 133 | €32,908 | €55,393 | +€22,485 | +68.3% |
| Amounts payable | 17/49 | €3,848 | €2,710 | -€1,138 | -29.6% |
| Amounts payable within one year | 42/48 | €3,848 | €2,710 | -€1,138 | -29.6% |
| Trade debts | 44 | €1,815 | €1,044 | -€771 | -42.5% |
| Suppliers | 440/4 | €1,815 | €1,044 | -€771 | -42.5% |
| Taxes, remuneration and social security | 45 | €2,033 | €1,666 | -€367 | -18.0% |
| Taxes | 450/3 | €2,033 | €1,666 | -€367 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €2,169 | +€1,928 | +802% |
| Other operating charges | 640/8 | €762 | €883 | +€121 | +15.9% |
| Gross operating margin | 9900 | €27,491 | €32,425 | +€4,934 | +17.9% |
| Operating profit (loss) | 9901 | €26,489 | €29,373 | +€2,884 | +10.9% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €97 | €88 | -€10 | -10.0% |
| Recurring financial charges | 65 | €97 | €88 | -€10 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €26,391 | €29,340 | +€2,948 | +11.2% |
| Income taxes | 67/77 | €6,078 | €6,855 | +€777 | +12.8% |
| Profit (loss) for the period | 9904 | €20,313 | €22,485 | +€2,171 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,313 | €22,485 | +€2,171 | +10.7% |
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.