Vivanco: what changed
Two fiscal 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.
Vivanco
Largest movements
- Cash +€109,438
up €109,438 (+80.9%), from €135,211 to €244,648
mainly Net result for the year (+€106,991) and Tax, wage and social debts (+€9,383)
- Receivables within one year +€4,863
up €4,863 (+11.0%), from €44,055 to €48,918
of which Other amounts receivable: +€19,002
- Reserves +€106,991
up €106,991 (+80.6%), from €132,823 to €239,814
- Tax, wage and social debts +€9,383
up €9,383 (+23.4%), from €40,185 to €49,568
of which Taxes: +€9,383
- Other debts -€4,642
down €4,642 (-100.0%), from €4,642 to €0
- Gross operating margin +€8,021
up €8,021 (+6.0%), from €132,659 to €140,680
- Taxes +€2,722
up €2,722 (+9.3%), from €29,294 to €32,015
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 | €183,785 | €296,681 | +€112,896 | +61.4% |
| Fixed assets | 21/28 | €3,807 | €2,351 | -€1,456 | -38.2% |
| Tangible fixed assets | 22/27 | €3,807 | €2,351 | -€1,456 | -38.2% |
| Plant, machinery and equipment | 23 | €1,712 | €1,505 | -€207 | -12.1% |
| Furniture and vehicles | 24 | €2,095 | €846 | -€1,250 | -59.6% |
| Current assets | 29/58 | €179,977 | €294,330 | +€114,353 | +63.5% |
| Amounts receivable within one year | 40/41 | €44,055 | €48,918 | +€4,863 | +11.0% |
| Trade receivables | 40 | €44,055 | €29,916 | -€14,139 | -32.1% |
| Other amounts receivable | 41 | €0 | €19,002 | +€19,002 | |
| Cash at bank and in hand | 54/58 | €135,211 | €244,648 | +€109,438 | +80.9% |
| Deferred charges and accrued income | 490/1 | €712 | €764 | +€52 | +7.3% |
| Total equity and liabilities | 10/49 | €183,785 | €296,681 | +€112,896 | +61.4% |
| Equity | 10/15 | €135,823 | €242,814 | +€106,991 | +78.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €132,823 | €239,814 | +€106,991 | +80.6% |
| Distributable reserves | 133 | €132,823 | €239,814 | +€106,991 | +80.6% |
| Amounts payable | 17/49 | €47,962 | €53,867 | +€5,906 | +12.3% |
| Amounts payable within one year | 42/48 | €47,962 | €53,867 | +€5,906 | +12.3% |
| Financial debts | 43 | €1,314 | €2,979 | +€1,665 | +126.7% |
| Credit institutions | 430/8 | €1,314 | €2,979 | +€1,665 | +126.7% |
| Trade debts | 44 | €1,821 | €1,320 | -€501 | -27.5% |
| Suppliers | 440/4 | €1,821 | €1,320 | -€501 | -27.5% |
| Taxes, remuneration and social security | 45 | €40,185 | €49,568 | +€9,383 | +23.4% |
| Taxes | 450/3 | €40,185 | €49,568 | +€9,383 | +23.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,642 | €0 | -€4,642 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,362 | €1,456 | +€94 | +6.9% |
| Other operating charges | 640/8 | €345 | €186 | -€159 | -46.2% |
| Gross operating margin | 9900 | €132,659 | €140,680 | +€8,021 | +6.0% |
| Operating profit (loss) | 9901 | €130,952 | €139,038 | +€8,086 | +6.2% |
| Financial income | 75/76B | €1 | €165 | +€164 | +18242.2% |
| Recurring financial income | 75 | €1 | €165 | +€164 | +18242.2% |
| Financial charges | 65/66B | €275 | €197 | -€78 | -28.5% |
| Recurring financial charges | 65 | €275 | €197 | -€78 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €130,678 | €139,006 | +€8,329 | +6.4% |
| Income taxes | 67/77 | €29,294 | €32,015 | +€2,722 | +9.3% |
| Profit (loss) for the period | 9904 | €101,384 | €106,991 | +€5,607 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,384 | €106,991 | +€5,607 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.