VIVALDIS CONSTRUCT: 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.
What changed
VIVALDIS CONSTRUCT
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €840,409+€379,379
Equity
€1.5m
2024 · €993,323+€469,788
Cash
€3.5m
2024 · €1.6m+€1.9m
Balance sheet total
€6.1m
2024 · €7.9m-€1.8m
Largest movements
Assets
- Receivables within one year -€3.6m
down €3.6m (-58.9%), from €6.1m to €2.5m
of which Other amounts receivable: -€3.5m
- Cash +€1.9m
up €1.9m (+118.4%), from €1.6m to €3.5m
mainly Receivables within one year (+€3.6m) and Net result for the year (+€1.2m)
Equity and liabilities
- Other debts -€2.6m
down €2.6m (-77.1%), from €3.4m to €782,896
- Reserves +€469,788
up €469,788 (+54.1%), from €868,323 to €1.3m
of which Distributable reserves: +€469,788
- Trade debts +€405,975
up €405,975 (+32.8%), from €1.2m to €1.6m
Income statement
- Turnover +€2.2m
up €2.2m (+8.6%), from €25.6m to €27.8m
- Staff costs +€1.5m
up €1.5m (+7.1%), from €21.2m to €22.8m
- Other operating income +€331,108
up €331,108 (+29.1%), from €1.1m to €1.5m
- Services and other goods +€291,073
up €291,073 (+6.6%), from €4.4m to €4.7m
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.
Result 2024
€840,409
Turnover
+€2.2m
Other operating income
+€331,108
Services and other goods
-€291,073
Staff costs
-€1.5m
Depreciation
+€17,277
Write-downs
-€187,331
Other operating charges
+€222,462
Financial income
-€179,740
Financial charges
-€36,879
Taxes
-€182,124
Result 2025
€1.2m
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.
From operations
+€2.7m
Investment
-€24,030
Financing
-€750,000
Cash 2024
€1.6m
From operations (derived)
+€2.7m
Net result for the year
+€1.2m
Depreciation
+€93,808
Receivables within one year
+€3.6m
Deferred charges and accrued income
+€23,076
Trade debts
+€405,975
Tax, wage and social debts
-€31,238
Advances received
+€4,000
Other debts
-€2.6m
Accrued charges and deferred income
+€22,930
Investment (derived)
-€24,030
Investment in fixed assets (net)
-€24,030
Financing
-€750,000
Contributions, distributions and other
-€750,000
Cash 2025
€3.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,911,941 | €6,148,492 | -€1.8m | -22.3% |
| Fixed assets | 21/28 | €168,101 | €98,323 | -€69,777 | -41.5% |
| Tangible fixed assets | 22/27 | €168,101 | €98,323 | -€69,777 | -41.5% |
| Plant, machinery and equipment | 23 | €39,175 | €8,098 | -€31,077 | -79.3% |
| Furniture and vehicles | 24 | €4,532 | €22,437 | +€17,905 | +395.0% |
| Other tangible fixed assets | 26 | €124,394 | €67,788 | -€56,605 | -45.5% |
| Current assets | 29/58 | €7,743,840 | €6,050,169 | -€1.7m | -21.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,083,761 | €2,497,861 | -€3.6m | -58.9% |
| Trade receivables | 40 | €2,332,884 | €2,244,228 | -€88,656 | -3.8% |
| Other amounts receivable | 41 | €3,750,877 | €253,633 | -€3.5m | -93.2% |
| Cash at bank and in hand | 54/58 | €1,617,674 | €3,532,978 | +€1.9m | +118.4% |
| Deferred charges and accrued income | 490/1 | €42,406 | €19,330 | -€23,076 | -54.4% |
| Total equity and liabilities | 10/49 | €7,911,941 | €6,148,492 | -€1.8m | -22.3% |
| Equity | 10/15 | €993,323 | €1,463,111 | +€469,788 | +47.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €868,323 | €1,338,111 | +€469,788 | +54.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €855,823 | €1,325,611 | +€469,788 | +54.9% |
| Amounts payable | 17/49 | €6,918,619 | €4,685,381 | -€2.2m | -32.3% |
| Amounts payable within one year | 42/48 | €6,913,059 | €4,656,891 | -€2.3m | -32.6% |
| Trade debts | 44 | €1,237,424 | €1,643,399 | +€405,975 | +32.8% |
| Suppliers | 440/4 | €1,237,424 | €1,643,399 | +€405,975 | +32.8% |
| Advances received on contracts in progress | 46 | €4,000 | €8,000 | +€4,000 | +100.0% |
| Taxes, remuneration and social security | 45 | €2,253,834 | €2,222,596 | -€31,238 | -1.4% |
| Taxes | 450/3 | €586,375 | €173,655 | -€412,720 | -70.4% |
| Remuneration and social security | 454/9 | €1,667,459 | €2,048,941 | +€381,482 | +22.9% |
| Other amounts payable | 47/48 | €3,417,801 | €782,896 | -€2.6m | -77.1% |
| Accrued charges and deferred income | 492/3 | €5,560 | €28,490 | +€22,930 | +412.4% |
| Operating income | 70/76A | €26,708,348 | €29,239,819 | +€2.5m | +9.5% |
| Turnover | 70 | €25,569,764 | €27,770,126 | +€2.2m | +8.6% |
| Other operating income | 74 | €1,138,584 | €1,469,693 | +€331,108 | +29.1% |
| Operating charges | 60/66A | €25,795,268 | €27,548,617 | +€1.8m | +6.8% |
| Services and other goods | 61 | €4,390,096 | €4,681,168 | +€291,073 | +6.6% |
| Remuneration, social security and pensions | 62 | €21,237,802 | €22,752,486 | +€1.5m | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,085 | €93,808 | -€17,277 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€187,979 | -€648 | +€187,331 | +99.7% |
| Other operating charges | 640/8 | €244,265 | €21,803 | -€222,462 | -91.1% |
| Operating profit (loss) | 9901 | €913,080 | €1,691,202 | +€778,122 | +85.2% |
| Financial income | 75/76B | €303,573 | €123,833 | -€179,740 | -59.2% |
| Recurring financial income | 75 | €303,573 | €123,833 | -€179,740 | -59.2% |
| Income from current assets | 751 | €303,566 | €115,983 | -€187,584 | -61.8% |
| Other financial income | 752/9 | €6 | €7,850 | +€7,843 | +121979.0% |
| Financial charges | 65/66B | €15,012 | €51,891 | +€36,879 | +245.7% |
| Recurring financial charges | 65 | €15,012 | €51,891 | +€36,879 | +245.7% |
| Debt charges | 650 | €10,959 | €48,977 | +€38,018 | +346.9% |
| Other financial charges | 652/9 | €4,053 | €2,914 | -€1,139 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €1,201,641 | €1,763,144 | +€561,503 | +46.7% |
| Income taxes | 67/77 | €361,232 | €543,356 | +€182,124 | +50.4% |
| Taxes | 670/3 | €361,232 | €543,356 | +€182,124 | +50.4% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €840,409 | €1,219,788 | +€379,379 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €840,409 | €1,219,788 | +€379,379 | +45.1% |
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 10 October 2026 via checked.be.