Vivandi: 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.
Vivandi
Largest movements
- Stocks and contracts +€105,120
up €105,120 (+35.3%), from €297,793 to €402,913
of which Stocks: +€72,194
- Receivables within one year +€63,768
up €63,768 (+318%), from €20,032 to €83,800
of which Trade receivables: +€46,640
- Cash +€20,959
up €20,959 (+9.0%), from €233,877 to €254,837
mainly Net result for the year (+€193,104) and Depreciation (+€79,147)
- Reserves +€193,104
up €193,104 (+33.1%), from €583,227 to €776,330
- Trade debts +€53,969
up €53,969 (+80.6%), from €66,994 to €120,963
- Debts after one year -€50,644
down €50,644 (-8.2%), from €620,906 to €570,262
- Other debts -€22,082
down €22,082 (-52.6%), from €42,006 to €19,924
- Gross operating margin +€154,719
up €154,719 (+25.5%), from €606,232 to €760,952
- Staff costs +€144,742
up €144,742 (+64.2%), from €225,415 to €370,157
- Financial charges -€8,977
down €8,977 (-35.4%), from €25,353 to €16,376
- Taxes +€7,742
up €7,742 (+9.6%), from €80,822 to €88,564
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 | €1,526,075 | €1,705,675 | +€179,600 | +11.8% |
| Fixed assets | 21/28 | €947,222 | €940,660 | -€6,562 | -0.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €947,222 | €939,836 | -€7,386 | -0.8% |
| Land and buildings | 22 | €905,419 | €877,267 | -€28,152 | -3.1% |
| Plant, machinery and equipment | 23 | €25,780 | €36,748 | +€10,968 | +42.5% |
| Furniture and vehicles | 24 | €16,022 | €25,821 | +€9,798 | +61.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €824 | +€824 | |
| Current assets | 29/58 | €578,854 | €765,015 | +€186,162 | +32.2% |
| Stocks and contracts in progress | 3 | €297,793 | €402,913 | +€105,120 | +35.3% |
| Stocks | 30/36 | €237,907 | €310,100 | +€72,194 | +30.3% |
| Contracts in progress | 37 | €59,886 | €92,812 | +€32,926 | +55.0% |
| Amounts receivable within one year | 40/41 | €20,032 | €83,800 | +€63,768 | +318% |
| Trade receivables | 40 | €20,032 | €66,672 | +€46,640 | +233% |
| Other amounts receivable | 41 | - | €17,128 | +€17,128 | |
| Cash at bank and in hand | 54/58 | €233,877 | €254,837 | +€20,959 | +9.0% |
| Deferred charges and accrued income | 490/1 | €27,152 | €23,466 | -€3,686 | -13.6% |
| Total equity and liabilities | 10/49 | €1,526,075 | €1,705,675 | +€179,600 | +11.8% |
| Equity | 10/15 | €601,977 | €795,080 | +€193,104 | +32.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €583,227 | €776,330 | +€193,104 | +33.1% |
| Distributable reserves | 133 | €583,227 | €776,330 | +€193,104 | +33.1% |
| Amounts payable | 17/49 | €924,099 | €910,595 | -€13,503 | -1.5% |
| Amounts payable after more than one year | 17 | €620,906 | €570,262 | -€50,644 | -8.2% |
| Financial debts | 170/4 | €620,906 | €570,262 | -€50,644 | -8.2% |
| Amounts payable within one year | 42/48 | €302,377 | €339,734 | +€37,357 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €61,381 | €50,644 | -€10,737 | -17.5% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €66,994 | €120,963 | +€53,969 | +80.6% |
| Suppliers | 440/4 | €66,994 | €120,963 | +€53,969 | +80.6% |
| Taxes, remuneration and social security | 45 | €101,995 | €118,202 | +€16,207 | +15.9% |
| Taxes | 450/3 | €90,503 | €84,237 | -€6,265 | -6.9% |
| Remuneration and social security | 454/9 | €11,492 | €33,965 | +€22,472 | +196% |
| Other amounts payable | 47/48 | €42,006 | €19,924 | -€22,082 | -52.6% |
| Accrued charges and deferred income | 492/3 | €816 | €600 | -€216 | -26.5% |
| Non-recurring operating income | 76A | €28,724 | €231 | -€28,493 | -99.2% |
| Remuneration, social security and pensions | 62 | €225,415 | €370,157 | +€144,742 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,236 | €79,147 | -€89 | -0.1% |
| Other operating charges | 640/8 | €14,040 | €13,767 | -€273 | -1.9% |
| Gross operating margin | 9900 | €606,232 | €760,952 | +€154,719 | +25.5% |
| Operating profit (loss) | 9901 | €287,542 | €297,881 | +€10,339 | +3.6% |
| Financial income | 75/76B | €1,189 | €162 | -€1,027 | -86.4% |
| Recurring financial income | 75 | €1,189 | €162 | -€1,027 | -86.4% |
| Financial charges | 65/66B | €25,353 | €16,376 | -€8,977 | -35.4% |
| Recurring financial charges | 65 | €25,353 | €16,376 | -€8,977 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €263,378 | €281,667 | +€18,289 | +6.9% |
| Income taxes | 67/77 | €80,822 | €88,564 | +€7,742 | +9.6% |
| Profit (loss) for the period | 9904 | €182,557 | €193,104 | +€10,547 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €182,557 | €193,104 | +€10,547 | +5.8% |
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 14 October 2026 via checked.be.