VIVANDA: 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.
VIVANDA
Largest movements
- Current investments +€31,110
new in 2025: €31,110
- Cash +€26,415
up €26,415 (+295%), from €8,957 to €35,372
mainly Net result for the year (+€44,231) and Depreciation (+€31,759)
- Tangible fixed assets -€23,578
down €23,578 (-8.8%), from €268,626 to €245,048
of which Land and buildings: -€12,868
- Stocks and contracts +€18,193
up €18,193 (+41.9%), from €43,382 to €61,576
- Receivables within one year -€7,847
down €7,847 (-47.4%), from €16,558 to €8,711
of which Trade receivables: -€4,345
- Reserves +€27,734
up €27,734 (+63.8%), from €43,498 to €71,231
of which Distributable reserves: +€27,734
- Tax, wage and social debts +€22,954
up €22,954 (+309%), from €7,428 to €30,382
of which Taxes: +€19,252
- Debts after one year -€21,717
down €21,717 (-10.0%), from €217,892 to €196,176
of which Financial debts: -€25,055
- Profit (loss) carried forward +€16,498
up €16,498, from -€16,498 to €0
- Gross operating margin +€140,539
up €140,539 (+204%), from €68,837 to €209,376
- Staff costs +€49,375
up €49,375 (+119%), from €41,618 to €90,993
- Taxes +€13,564
up €13,564 (+10,015%), from €135 to €13,699
- Other operating charges +€8,110
up €8,110 (+95.9%), from €8,453 to €16,563
- Financial charges +€2,459
up €2,459 (+24.4%), from €10,098 to €12,557
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 | €341,985 | €385,004 | +€43,019 | +12.6% |
| Fixed assets | 21/28 | €269,626 | €245,048 | -€24,578 | -9.1% |
| Tangible fixed assets | 22/27 | €268,626 | €245,048 | -€23,578 | -8.8% |
| Land and buildings | 22 | €228,823 | €215,955 | -€12,868 | -5.6% |
| Plant, machinery and equipment | 23 | €19,214 | €17,085 | -€2,129 | -11.1% |
| Furniture and vehicles | 24 | €20,589 | €12,008 | -€8,581 | -41.7% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €72,359 | €139,956 | +€67,598 | +93.4% |
| Stocks and contracts in progress | 3 | €43,382 | €61,576 | +€18,193 | +41.9% |
| Stocks | 30/36 | €43,382 | €61,576 | +€18,193 | +41.9% |
| Amounts receivable within one year | 40/41 | €16,558 | €8,711 | -€7,847 | -47.4% |
| Trade receivables | 40 | €12,901 | €8,556 | -€4,345 | -33.7% |
| Other amounts receivable | 41 | €3,657 | €155 | -€3,502 | -95.8% |
| Current investments | 50/53 | - | €31,110 | +€31,110 | |
| Cash at bank and in hand | 54/58 | €8,957 | €35,372 | +€26,415 | +295% |
| Deferred charges and accrued income | 490/1 | €3,461 | €3,189 | -€273 | -7.9% |
| Total equity and liabilities | 10/49 | €341,985 | €385,004 | +€43,019 | +12.6% |
| Equity | 10/15 | €33,200 | €77,431 | +€44,231 | +133% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,498 | €71,231 | +€27,734 | +63.8% |
| Tax-exempt reserves | 132 | €11,673 | €11,673 | = | 0.0% |
| Distributable reserves | 133 | €31,825 | €59,558 | +€27,734 | +87.1% |
| Profit (loss) carried forward | 14 | -€16,498 | €0 | +€16,498 | |
| Amounts payable | 17/49 | €308,785 | €307,573 | -€1,212 | -0.4% |
| Amounts payable after more than one year | 17 | €217,892 | €196,176 | -€21,717 | -10.0% |
| Financial debts | 170/4 | €211,883 | €186,828 | -€25,055 | -11.8% |
| Other amounts payable | 178/9 | €6,009 | €9,347 | +€3,338 | +55.5% |
| Amounts payable within one year | 42/48 | €88,277 | €108,686 | +€20,409 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €24,539 | €25,055 | +€516 | +2.1% |
| Trade debts | 44 | €56,310 | €53,249 | -€3,062 | -5.4% |
| Suppliers | 440/4 | €56,310 | €53,249 | -€3,062 | -5.4% |
| Taxes, remuneration and social security | 45 | €7,428 | €30,382 | +€22,954 | +309% |
| Taxes | 450/3 | €135 | €19,388 | +€19,252 | +14,215% |
| Remuneration and social security | 454/9 | €7,293 | €10,994 | +€3,701 | +50.8% |
| Accrued charges and deferred income | 492/3 | €2,615 | €2,711 | +€96 | +3.7% |
| Remuneration, social security and pensions | 62 | €41,618 | €90,993 | +€49,375 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,234 | €31,759 | +€525 | +1.7% |
| Other operating charges | 640/8 | €8,453 | €16,563 | +€8,110 | +95.9% |
| Gross operating margin | 9900 | €68,837 | €209,376 | +€140,539 | +204% |
| Operating profit (loss) | 9901 | -€12,468 | €70,061 | +€82,529 | |
| Financial income | 75/76B | €464 | €427 | -€37 | -8.0% |
| Recurring financial income | 75 | €464 | €427 | -€37 | -8.0% |
| Financial charges | 65/66B | €10,098 | €12,557 | +€2,459 | +24.4% |
| Recurring financial charges | 65 | €10,098 | €12,557 | +€2,459 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,102 | €57,931 | +€80,033 | |
| Income taxes | 67/77 | €135 | €13,699 | +€13,564 | +10,015% |
| Profit (loss) for the period | 9904 | -€22,238 | €44,231 | +€66,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,238 | €44,231 | +€66,469 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.