VIVALA: 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.
VIVALA
Largest movements
- Financial fixed assets +€8,343
up €8,343 (+361.7%), from €2,307 to €10,650
- Receivables within one year -€6,650
no longer reported in 2025 (was €6,650)
of which Trade receivables: -€6,312
- Stocks and contracts -€5,274
no longer reported in 2025 (was €5,274)
- Cash -€4,636
down €4,636 (-97.1%), from €4,777 to €141
mainly Other debts (-€12,644) and Investment in fixed assets (net) (-€8,343)
- Tangible fixed assets -€1,100
down €1,100 (-65.1%), from €1,690 to €590
- Other debts -€12,644
down €12,644 (-71.1%), from €17,785 to €5,140
- Profit (loss) carried forward +€4,567
up €4,567 (+9.2%), from -€49,497 to -€44,930
- Trade debts -€4,411
down €4,411 (-90.9%), from €4,851 to €440
- Short-term financial debts +€1,596
new in 2025: €1,596
- Tax, wage and social debts +€1,575
up €1,575 (+61.5%), from €2,560 to €4,135
of which Taxes: +€3,305
- Gross operating margin +€12,598
up €12,598 (+178.5%), from €7,057 to €19,655
- Staff costs -€2,080
down €2,080 (-15.5%), from €13,408 to €11,328
- Other operating charges +€843
up €843 (+71.7%), from €1,175 to €2,018
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.
Cash bridge derived
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 | €20,698 | €11,381 | -€9,317 | -45.0% |
| Fixed assets | 21/28 | €3,997 | €11,240 | +€7,243 | +181.2% |
| Tangible fixed assets | 22/27 | €1,690 | €590 | -€1,100 | -65.1% |
| Plant, machinery and equipment | 23 | €1,690 | €590 | -€1,100 | -65.1% |
| Financial fixed assets | 28 | €2,307 | €10,650 | +€8,343 | +361.7% |
| Current assets | 29/58 | €16,701 | €141 | -€16,561 | -99.2% |
| Stocks and contracts in progress | 3 | €5,274 | - | -€5,274 | |
| Stocks | 30/36 | €5,274 | - | -€5,274 | |
| Amounts receivable within one year | 40/41 | €6,650 | - | -€6,650 | |
| Trade receivables | 40 | €6,312 | - | -€6,312 | |
| Other amounts receivable | 41 | €338 | - | -€338 | |
| Cash at bank and in hand | 54/58 | €4,777 | €141 | -€4,636 | -97.1% |
| Total equity and liabilities | 10/49 | €20,698 | €11,381 | -€9,317 | -45.0% |
| Equity | 10/15 | -€29,497 | -€24,930 | +€4,567 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,497 | -€44,930 | +€4,567 | +9.2% |
| Amounts payable | 17/49 | €50,196 | €36,311 | -€13,884 | -27.7% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,196 | €11,311 | -€13,884 | -55.1% |
| Financial debts | 43 | - | €1,596 | +€1,596 | |
| Credit institutions | 430/8 | - | €1,596 | +€1,596 | |
| Trade debts | 44 | €4,851 | €440 | -€4,411 | -90.9% |
| Suppliers | 440/4 | €4,851 | €440 | -€4,411 | -90.9% |
| Taxes, remuneration and social security | 45 | €2,560 | €4,135 | +€1,575 | +61.5% |
| Taxes | 450/3 | €830 | €4,135 | +€3,305 | +398.3% |
| Remuneration and social security | 454/9 | €1,730 | - | -€1,730 | |
| Other amounts payable | 47/48 | €17,785 | €5,140 | -€12,644 | -71.1% |
| Non-recurring operating income | 76A | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €13,408 | €11,328 | -€2,080 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,100 | = | 0.0% |
| Other operating charges | 640/8 | €1,175 | €2,018 | +€843 | +71.7% |
| Gross operating margin | 9900 | €7,057 | €19,655 | +€12,598 | +178.5% |
| Operating profit (loss) | 9901 | -€8,626 | €5,209 | +€13,835 | |
| Financial charges | 65/66B | €458 | €642 | +€184 | +40.1% |
| Recurring financial charges | 65 | €458 | €642 | +€184 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,084 | €4,567 | +€13,652 | |
| Profit (loss) for the period | 9904 | -€9,084 | €4,567 | +€13,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,084 | €4,567 | +€13,652 |
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 12 October 2026 via checked.be.