Vivanel: 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.
Vivanel
Largest movements
- Tangible fixed assets +€192,183
up €192,183 (+6.5%), from €2.9m to €3.1m
of which Plant, machinery and equipment: +€190,849
- Stocks and contracts -€159,554
down €159,554 (-34.2%), from €466,658 to €307,105
- Cash +€132,469
up €132,469 (+713%), from €18,566 to €151,035
mainly Depreciation (+€407,609) and Stocks and contracts (+€159,554)
- Receivables within one year +€87,949
up €87,949 (+120%), from €73,136 to €161,085
of which Trade receivables: +€95,786
- Debts after one year -€195,919
down €195,919 (-10.6%), from €1.8m to €1.6m
- Reserves +€168,626
up €168,626 (+36.1%), from €466,886 to €635,512
of which Distributable reserves: +€168,626
- Other debts +€120,469
up €120,469 (+22.1%), from €544,048 to €664,517
- Tax, wage and social debts +€104,123
up €104,123 (+356%), from €29,277 to €133,400
of which Remuneration and social security: +€55,228
- Trade debts +€39,372
up €39,372 (+59.3%), from €66,393 to €105,766
- Gross operating margin +€306,976
up €306,976 (+36.9%), from €831,974 to €1.1m
- Staff costs +€164,961
up €164,961 (+49.1%), from €336,025 to €500,985
- Depreciation +€102,974
up €102,974 (+33.8%), from €304,635 to €407,609
- Taxes +€25,624
up €25,624 (+778%), from €3,294 to €28,918
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 | €3,503,507 | €3,759,687 | +€256,180 | +7.3% |
| Fixed assets | 21/28 | €2,938,579 | €3,131,287 | +€192,708 | +6.6% |
| Tangible fixed assets | 22/27 | €2,938,054 | €3,130,237 | +€192,183 | +6.5% |
| Land and buildings | 22 | €2,080,316 | €1,950,446 | -€129,870 | -6.2% |
| Plant, machinery and equipment | 23 | €623,285 | €814,134 | +€190,849 | +30.6% |
| Furniture and vehicles | 24 | €234,452 | €365,657 | +€131,205 | +56.0% |
| Financial fixed assets | 28 | €525 | €1,050 | +€525 | +100% |
| Current assets | 29/58 | €564,929 | €628,400 | +€63,471 | +11.2% |
| Stocks and contracts in progress | 3 | €466,658 | €307,105 | -€159,554 | -34.2% |
| Stocks | 30/36 | €466,658 | €307,105 | -€159,554 | -34.2% |
| Amounts receivable within one year | 40/41 | €73,136 | €161,085 | +€87,949 | +120% |
| Trade receivables | 40 | €1,033 | €96,818 | +€95,786 | +9,276% |
| Other amounts receivable | 41 | €72,104 | €64,266 | -€7,837 | -10.9% |
| Cash at bank and in hand | 54/58 | €18,566 | €151,035 | +€132,469 | +713% |
| Deferred charges and accrued income | 490/1 | €6,568 | €9,175 | +€2,608 | +39.7% |
| Total equity and liabilities | 10/49 | €3,503,507 | €3,759,687 | +€256,180 | +7.3% |
| Equity | 10/15 | €706,573 | €860,297 | +€153,724 | +21.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €466,886 | €635,512 | +€168,626 | +36.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €466,886 | €635,512 | +€168,626 | +36.1% |
| Investment grants | 15 | €139,687 | €124,785 | -€14,902 | -10.7% |
| Provisions and deferred taxes | 16 | €7,352 | €6,568 | -€784 | -10.7% |
| Deferred taxes | 168 | €7,352 | €6,568 | -€784 | -10.7% |
| Amounts payable | 17/49 | €2,789,583 | €2,892,823 | +€103,240 | +3.7% |
| Amounts payable after more than one year | 17 | €1,844,317 | €1,648,398 | -€195,919 | -10.6% |
| Financial debts | 170/4 | €1,844,317 | €1,648,398 | -€195,919 | -10.6% |
| Amounts payable within one year | 42/48 | €945,266 | €1,244,424 | +€299,158 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €305,548 | €328,383 | +€22,835 | +7.5% |
| Trade debts | 44 | €66,393 | €105,766 | +€39,372 | +59.3% |
| Suppliers | 440/4 | €66,393 | €105,766 | +€39,372 | +59.3% |
| Advances received on contracts in progress | 46 | - | €12,358 | +€12,358 | |
| Taxes, remuneration and social security | 45 | €29,277 | €133,400 | +€104,123 | +356% |
| Taxes | 450/3 | €3,498 | €52,393 | +€48,895 | +1,398% |
| Remuneration and social security | 454/9 | €25,779 | €81,007 | +€55,228 | +214% |
| Other amounts payable | 47/48 | €544,048 | €664,517 | +€120,469 | +22.1% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €336,025 | €500,985 | +€164,961 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,635 | €407,609 | +€102,974 | +33.8% |
| Other operating charges | 640/8 | €5,563 | €4,386 | -€1,177 | -21.2% |
| Gross operating margin | 9900 | €831,974 | €1,138,950 | +€306,976 | +36.9% |
| Operating profit (loss) | 9901 | €185,752 | €225,970 | +€40,218 | +21.7% |
| Financial income | 75/76B | €4,809 | €4,640 | -€169 | -3.5% |
| Recurring financial income | 75 | €4,809 | €4,640 | -€169 | -3.5% |
| Financial charges | 65/66B | €59,590 | €48,752 | -€10,838 | -18.2% |
| Recurring financial charges | 65 | €59,590 | €48,752 | -€10,838 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €130,971 | €181,858 | +€50,887 | +38.9% |
| Transfer from deferred taxes | 780 | €3,233 | €784 | -€2,449 | -75.7% |
| Income taxes | 67/77 | €3,294 | €28,918 | +€25,624 | +778% |
| Profit (loss) for the period | 9904 | €130,910 | €153,724 | +€22,814 | +17.4% |
| Transfer from tax-exempt reserves | 789 | €61,426 | €14,902 | -€46,524 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €192,336 | €168,626 | -€23,709 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.