VIVAIO: 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.
VIVAIO
Largest movements
- Receivables after one year -€323,178
down €323,178 (-91.3%), from €353,861 to €30,683
- Receivables within one year -€193,602
down €193,602 (-69.9%), from €277,039 to €83,437
of which Other amounts receivable: -€193,602
- Tangible fixed assets -€50,028
down €50,028 (-8.6%), from €581,312 to €531,284
of which Land and buildings: -€26,539
- Other debts -€505,447
down €505,447 (-58.6%), from €862,797 to €357,350
- Current portion of long-term debt -€50,607
down €50,607 (-95.9%), from €52,764 to €2,156
- Financial income -€9,209
down €9,209 (-65.9%), from €13,974 to €4,765
- Taxes -€5,740
no longer reported in 2025 (was €5,740)
- Other operating charges -€2,391
down €2,391 (-46.5%), from €5,137 to €2,746
- Gross operating margin +€1,271
up €1,271 (+2.6%), from €48,325 to €49,596
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 | €1,843,156 | €1,261,156 | -€582,000 | -31.6% |
| Fixed assets | 21/28 | €1,124,016 | €1,073,987 | -€50,028 | -4.5% |
| Tangible fixed assets | 22/27 | €581,312 | €531,284 | -€50,028 | -8.6% |
| Land and buildings | 22 | €493,176 | €466,638 | -€26,539 | -5.4% |
| Furniture and vehicles | 24 | €17,177 | €11,823 | -€5,353 | -31.2% |
| Other tangible fixed assets | 26 | €70,959 | €52,822 | -€18,137 | -25.6% |
| Financial fixed assets | 28 | €542,704 | €542,704 | = | 0.0% |
| Current assets | 29/58 | €719,141 | €187,169 | -€531,972 | -74.0% |
| Amounts receivable after more than one year | 29 | €353,861 | €30,683 | -€323,178 | -91.3% |
| Other amounts receivable | 291 | €353,861 | €30,683 | -€323,178 | -91.3% |
| Amounts receivable within one year | 40/41 | €277,039 | €83,437 | -€193,602 | -69.9% |
| Trade receivables | 40 | €19,333 | €19,333 | = | 0.0% |
| Other amounts receivable | 41 | €257,706 | €64,104 | -€193,602 | -75.1% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,107 | €68,049 | -€14,058 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,134 | - | -€1,134 | |
| Total equity and liabilities | 10/49 | €1,843,156 | €1,261,156 | -€582,000 | -31.6% |
| Equity | 10/15 | €852,707 | €847,471 | -€5,236 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €659,217 | €659,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €657,357 | €657,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,289 | €182,053 | -€5,236 | -2.8% |
| Amounts payable | 17/49 | €990,450 | €413,686 | -€576,764 | -58.2% |
| Amounts payable after more than one year | 17 | €56,061 | €53,904 | -€2,156 | -3.8% |
| Financial debts | 170/4 | €56,061 | €53,904 | -€2,156 | -3.8% |
| Amounts payable within one year | 42/48 | €934,389 | €359,782 | -€574,607 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €52,764 | €2,156 | -€50,607 | -95.9% |
| Trade debts | 44 | €1,579 | €275 | -€1,304 | -82.6% |
| Suppliers | 440/4 | €1,579 | €275 | -€1,304 | -82.6% |
| Taxes, remuneration and social security | 45 | €17,250 | - | -€17,250 | |
| Taxes | 450/3 | €17,250 | - | -€17,250 | |
| Other amounts payable | 47/48 | €862,797 | €357,350 | -€505,447 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,181 | €54,760 | -€421 | -0.8% |
| Other operating charges | 640/8 | €5,137 | €2,746 | -€2,391 | -46.5% |
| Gross operating margin | 9900 | €48,325 | €49,596 | +€1,271 | +2.6% |
| Operating profit (loss) | 9901 | -€11,993 | -€7,910 | +€4,084 | +34.0% |
| Financial income | 75/76B | €13,974 | €4,765 | -€9,209 | -65.9% |
| Recurring financial income | 75 | €13,974 | €4,765 | -€9,209 | -65.9% |
| Financial charges | 65/66B | €2,571 | €2,091 | -€480 | -18.7% |
| Recurring financial charges | 65 | €2,571 | €2,091 | -€480 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€590 | -€5,236 | -€4,646 | -787% |
| Income taxes | 67/77 | €5,740 | - | -€5,740 | |
| Profit (loss) for the period | 9904 | -€6,330 | -€5,236 | +€1,094 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,330 | -€5,236 | +€1,094 | +17.3% |
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 18 October 2026 via checked.be.