VIVALTO IMMO: 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
VIVALTO IMMO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€800,012
2024 · -€1.8m+€2.6m
Equity
€52.4m
2024 · €51.6m+€800,012
Cash
€21,237
2024 · €232,039-€210,802
Balance sheet total
€55.7m
2024 · €55.4m+€283,343
Largest movements
Assets
- Receivables within one year +€557,877
up €557,877 (+4.9%), from €11.3m to €11.9m
Equity and liabilities
- Profit (loss) carried forward +€800,012
up €800,012 (+49.4%), from -€1.6m to -€820,145
Income statement
- Depreciation -€8.2m
down €8.2m (-99.1%), from €8.2m to €76,400
- Gross operating margin -€5.7m
down €5.7m (-98.5%), from €5.8m to €83,836
- Financial income +€57,656
up €57,656 (+6.8%), from €851,309 to €908,965
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
-€1.8m
Gross operating margin
-€5.7m
Depreciation
+€8.2m
Other operating charges
+€701
Financial income
+€57,656
Financial charges
+€14,820
Result 2025
€800,012
raises the resultlowers the result
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.
From operations
-€120,297
Investment
€0
Financing
-€90,505
Cash 2024
€232,039
From operations (derived)
-€120,297
Net result for the year
+€800,012
Depreciation
+€76,400
Receivables within one year
-€557,877
Deferred charges and accrued income
-€12,668
Trade debts
-€6,634
Other debts
-€467,391
Accrued charges and deferred income
+€47,862
Financing
-€90,505
Debts after one year
-€21,442
Current portion of long-term debt
+€937
Short-term financial debts
-€70,000
Cash 2025
€21,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,401,183 | €55,684,527 | +€283,343 | +0.5% |
| Fixed assets | 21/28 | €43,867,999 | €43,791,599 | -€76,400 | -0.2% |
| Tangible fixed assets | 22/27 | €6,617,999 | €6,541,599 | -€76,400 | -1.2% |
| Land and buildings | 22 | €6,617,999 | €6,541,599 | -€76,400 | -1.2% |
| Financial fixed assets | 28 | €37,250,000 | €37,250,000 | = | 0.0% |
| Current assets | 29/58 | €11,533,184 | €11,892,928 | +€359,743 | +3.1% |
| Amounts receivable within one year | 40/41 | €11,298,690 | €11,856,567 | +€557,877 | +4.9% |
| Other amounts receivable | 41 | €11,298,690 | €11,856,567 | +€557,877 | +4.9% |
| Cash at bank and in hand | 54/58 | €232,039 | €21,237 | -€210,802 | -90.8% |
| Deferred charges and accrued income | 490/1 | €2,456 | €15,123 | +€12,668 | +516% |
| Total equity and liabilities | 10/49 | €55,401,183 | €55,684,527 | +€283,343 | +0.5% |
| Equity | 10/15 | €51,612,691 | €52,412,703 | +€800,012 | +1.6% |
| Contributions | 10/11 | €51,867,806 | €51,867,806 | = | 0.0% |
| Capital | 10 | €51,867,806 | €51,867,806 | = | 0.0% |
| Issued capital | 100 | €51,867,806 | €51,867,806 | = | 0.0% |
| Reserves | 13 | €1,365,042 | €1,365,042 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,365,042 | €1,365,042 | = | 0.0% |
| Legal reserve | 130 | €1,365,042 | €1,365,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,620,157 | -€820,145 | +€800,012 | +49.4% |
| Amounts payable | 17/49 | €3,788,492 | €3,271,824 | -€516,668 | -13.6% |
| Amounts payable after more than one year | 17 | €1,578,696 | €1,557,254 | -€21,442 | -1.4% |
| Financial debts | 170/4 | €1,578,696 | €1,557,254 | -€21,442 | -1.4% |
| Amounts payable within one year | 42/48 | €1,964,319 | €1,421,230 | -€543,088 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €20,970 | €21,907 | +€937 | +4.5% |
| Financial debts | 43 | €1,330,000 | €1,260,000 | -€70,000 | -5.3% |
| Credit institutions | 430/8 | €1,330,000 | €1,260,000 | -€70,000 | -5.3% |
| Trade debts | 44 | €14,192 | €7,558 | -€6,634 | -46.7% |
| Suppliers | 440/4 | €14,192 | €7,558 | -€6,634 | -46.7% |
| Other amounts payable | 47/48 | €599,157 | €131,766 | -€467,391 | -78.0% |
| Accrued charges and deferred income | 492/3 | €245,477 | €293,339 | +€47,862 | +19.5% |
| Non-recurring operating income | 76A | €5,700,000 | €0 | -€5.7m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,241,205 | €76,400 | -€8.2m | -99.1% |
| Other operating charges | 640/8 | €3,636 | €2,935 | -€701 | -19.3% |
| Gross operating margin | 9900 | €5,761,272 | €83,836 | -€5.7m | -98.5% |
| Operating profit (loss) | 9901 | -€2,483,569 | €4,501 | +€2.5m | |
| Financial income | 75/76B | €851,309 | €908,965 | +€57,656 | +6.8% |
| Recurring financial income | 75 | €851,309 | €908,965 | +€57,656 | +6.8% |
| Financial charges | 65/66B | €128,275 | €113,454 | -€14,820 | -11.6% |
| Recurring financial charges | 65 | €128,275 | €113,454 | -€14,820 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,760,535 | €800,012 | +€2.6m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,760,535 | €800,012 | +€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,760,535 | €800,012 | +€2.6m |
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.