VIVAJA: 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.
VIVAJA
Largest movements
- Tangible fixed assets +€246,072
up €246,072 (+100%), from €245,129 to €491,201
of which Land and buildings: +€246,843
- Receivables within one year -€25,030
no longer reported in 2025 (was €25,030)
of which Trade receivables: -€24,671
- Cash -€5,334
down €5,334 (-54.6%), from €9,770 to €4,435
mainly Investment in fixed assets (net) (-€274,795) and Deferred charges and accrued income (-€31)
- Debts after one year +€133,469
up €133,469 (+79.4%), from €168,037 to €301,506
of which Financial debts: +€133,469
- Reserves +€54,913
up €54,913 (+90.3%), from €60,841 to €115,754
- Tax, wage and social debts +€9,585
up €9,585 (+289%), from €3,320 to €12,905
- Current portion of long-term debt +€9,265
up €9,265 (+39.9%), from €23,205 to €32,470
- Other debts +€5,312
up €5,312 (+30.3%), from €17,526 to €22,838
- Gross operating margin +€81,588
up €81,588 (+234%), from €34,823 to €116,411
- Taxes +€15,752
up €15,752 (+870%), from €1,810 to €17,562
- Depreciation +€9,721
up €9,721 (+51.2%), from €19,002 to €28,723
- Financial charges +€4,526
up €4,526 (+107%), from €4,249 to €8,774
- Other operating charges +€3,826
up €3,826 (+146%), from €2,612 to €6,439
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 | €280,567 | €496,305 | +€215,739 | +76.9% |
| Fixed assets | 21/28 | €245,129 | €491,201 | +€246,072 | +100% |
| Tangible fixed assets | 22/27 | €245,129 | €491,201 | +€246,072 | +100% |
| Land and buildings | 22 | €243,305 | €490,148 | +€246,843 | +101% |
| Plant, machinery and equipment | 23 | €1,824 | €1,054 | -€771 | -42.3% |
| Current assets | 29/58 | €35,437 | €5,104 | -€30,333 | -85.6% |
| Amounts receivable within one year | 40/41 | €25,030 | - | -€25,030 | |
| Trade receivables | 40 | €24,671 | - | -€24,671 | |
| Other amounts receivable | 41 | €360 | - | -€360 | |
| Cash at bank and in hand | 54/58 | €9,770 | €4,435 | -€5,334 | -54.6% |
| Deferred charges and accrued income | 490/1 | €637 | €669 | +€31 | +4.9% |
| Total equity and liabilities | 10/49 | €280,567 | €496,305 | +€215,739 | +76.9% |
| Equity | 10/15 | €67,041 | €121,954 | +€54,913 | +81.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,841 | €115,754 | +€54,913 | +90.3% |
| Distributable reserves | 133 | €60,841 | €115,754 | +€54,913 | +90.3% |
| Amounts payable | 17/49 | €213,525 | €374,351 | +€160,826 | +75.3% |
| Amounts payable after more than one year | 17 | €168,037 | €301,506 | +€133,469 | +79.4% |
| Financial debts | 170/4 | €165,487 | €298,956 | +€133,469 | +80.7% |
| Other amounts payable | 178/9 | €2,550 | €2,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,489 | €72,845 | +€27,356 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €23,205 | €32,470 | +€9,265 | +39.9% |
| Trade debts | 44 | €1,437 | €4,631 | +€3,194 | +222% |
| Suppliers | 440/4 | €1,437 | €4,631 | +€3,194 | +222% |
| Taxes, remuneration and social security | 45 | €3,320 | €12,905 | +€9,585 | +289% |
| Taxes | 450/3 | €3,320 | €12,905 | +€9,585 | +289% |
| Other amounts payable | 47/48 | €17,526 | €22,838 | +€5,312 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,002 | €28,723 | +€9,721 | +51.2% |
| Other operating charges | 640/8 | €2,612 | €6,439 | +€3,826 | +146% |
| Gross operating margin | 9900 | €34,823 | €116,411 | +€81,588 | +234% |
| Operating profit (loss) | 9901 | €13,209 | €81,250 | +€68,040 | +515% |
| Financial charges | 65/66B | €4,249 | €8,774 | +€4,526 | +107% |
| Recurring financial charges | 65 | €4,249 | €8,774 | +€4,526 | +107% |
| Profit (loss) for the period before taxes | 9903 | €8,961 | €72,475 | +€63,515 | +709% |
| Income taxes | 67/77 | €1,810 | €17,562 | +€15,752 | +870% |
| Profit (loss) for the period | 9904 | €7,151 | €54,913 | +€47,762 | +668% |
| Profit (loss) for the period to be appropriated | 9905 | €7,151 | €54,913 | +€47,762 | +668% |
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 13 October 2026 via checked.be.