VIVANDIS: 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.
VIVANDIS
Largest movements
- Deferred charges and accrued income +€73,065
up €73,065 (+3,079%), from €2,373 to €75,438
- Cash +€43,613
up €43,613 (+63.8%), from €68,410 to €112,023
mainly Net result for the year (+€154,773) and Other debts (+€43,699)
- Receivables within one year +€22,060
up €22,060 (+21.2%), from €104,173 to €126,233
of which Trade receivables: +€22,060
- Reserves +€115,000
up €115,000 (+52.7%), from €218,360 to €333,360
- Other debts +€43,699
up €43,699 (+77.5%), from €56,378 to €100,077
- Current portion of long-term debt -€39,325
down €39,325 (-64.4%), from €61,022 to €21,697
- Trade debts +€17,670
up €17,670 (+212%), from €8,324 to €25,994
- Short-term financial debts +€9,160
new in 2025: €9,160
- Gross operating margin +€14,043
up €14,043 (+4.4%), from €321,510 to €335,553
- Staff costs +€3,716
up €3,716 (+3.9%), from €94,658 to €98,374
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 | €418,274 | €558,427 | +€140,154 | +33.5% |
| Fixed assets | 21/28 | €166,818 | €163,233 | -€3,585 | -2.1% |
| Intangible fixed assets | 21 | €621 | €0 | -€621 | -100% |
| Tangible fixed assets | 22/27 | €131,067 | €128,103 | -€2,964 | -2.3% |
| Furniture and vehicles | 24 | €105,666 | €109,067 | +€3,401 | +3.2% |
| Other tangible fixed assets | 26 | €25,401 | €19,037 | -€6,364 | -25.1% |
| Financial fixed assets | 28 | €35,130 | €35,130 | = | 0.0% |
| Current assets | 29/58 | €251,456 | €395,194 | +€143,738 | +57.2% |
| Amounts receivable after more than one year | 29 | €76,500 | €81,500 | +€5,000 | +6.5% |
| Other amounts receivable | 291 | €76,500 | €81,500 | +€5,000 | +6.5% |
| Amounts receivable within one year | 40/41 | €104,173 | €126,233 | +€22,060 | +21.2% |
| Trade receivables | 40 | €0 | €22,060 | +€22,060 | |
| Other amounts receivable | 41 | €104,173 | €104,173 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,410 | €112,023 | +€43,613 | +63.8% |
| Deferred charges and accrued income | 490/1 | €2,373 | €75,438 | +€73,065 | +3,079% |
| Total equity and liabilities | 10/49 | €418,274 | €558,427 | +€140,154 | +33.5% |
| Equity | 10/15 | €237,529 | €352,301 | +€114,773 | +48.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,360 | €333,360 | +€115,000 | +52.7% |
| Distributable reserves | 133 | €218,360 | €333,360 | +€115,000 | +52.7% |
| Profit (loss) carried forward | 14 | €569 | €341 | -€227 | -39.9% |
| Amounts payable | 17/49 | €180,745 | €206,126 | +€25,381 | +14.0% |
| Amounts payable after more than one year | 17 | €33,419 | €29,599 | -€3,819 | -11.4% |
| Financial debts | 170/4 | €33,419 | €29,599 | -€3,819 | -11.4% |
| Amounts payable within one year | 42/48 | €147,327 | €176,527 | +€29,200 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €61,022 | €21,697 | -€39,325 | -64.4% |
| Financial debts | 43 | - | €9,160 | +€9,160 | |
| Credit institutions | 430/8 | - | €9,160 | +€9,160 | |
| Trade debts | 44 | €8,324 | €25,994 | +€17,670 | +212% |
| Suppliers | 440/4 | €8,324 | €25,994 | +€17,670 | +212% |
| Taxes, remuneration and social security | 45 | €21,602 | €19,598 | -€2,004 | -9.3% |
| Taxes | 450/3 | €7,093 | €4,851 | -€2,242 | -31.6% |
| Remuneration and social security | 454/9 | €14,509 | €14,747 | +€238 | +1.6% |
| Other amounts payable | 47/48 | €56,378 | €100,077 | +€43,699 | +77.5% |
| Remuneration, social security and pensions | 62 | €94,658 | €98,374 | +€3,716 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,608 | €25,645 | -€2,964 | -10.4% |
| Other operating charges | 640/8 | €1,371 | €1,284 | -€86 | -6.3% |
| Gross operating margin | 9900 | €321,510 | €335,553 | +€14,043 | +4.4% |
| Operating profit (loss) | 9901 | €196,873 | €210,250 | +€13,377 | +6.8% |
| Financial income | 75/76B | €924 | €924 | = | 0.0% |
| Recurring financial income | 75 | €924 | €924 | = | 0.0% |
| Financial charges | 65/66B | €4,205 | €3,212 | -€993 | -23.6% |
| Recurring financial charges | 65 | €4,205 | €3,212 | -€993 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €193,592 | €207,962 | +€14,371 | +7.4% |
| Income taxes | 67/77 | €50,325 | €53,189 | +€2,864 | +5.7% |
| Profit (loss) for the period | 9904 | €143,267 | €154,773 | +€11,506 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,267 | €154,773 | +€11,506 | +8.0% |
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 24 October 2026 via checked.be.