VIVANSA: 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.
VIVANSA
Largest movements
- Receivables within one year +€80,892
up €80,892 (+39.4%), from €205,429 to €286,321
of which Trade receivables: +€43,794
- Cash +€51,023
up €51,023 (+7.0%), from €731,256 to €782,279
mainly Net result for the year (+€135,340) and Tax, wage and social debts (+€2,616)
- Reserves +€135,340
up €135,340 (+28.0%), from €483,604 to €618,944
of which Distributable reserves: +€135,340
- Gross operating margin -€110,267
down €110,267 (-26.4%), from €417,869 to €307,601
- Taxes -€37,582
down €37,582 (-36.8%), from €102,148 to €64,566
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 | €1,009,285 | €1,138,330 | +€129,045 | +12.8% |
| Fixed assets | 21/28 | €19,938 | €17,378 | -€2,559 | -12.8% |
| Intangible fixed assets | 21 | €14,052 | €12,432 | -€1,620 | -11.5% |
| Tangible fixed assets | 22/27 | €2,327 | €1,388 | -€939 | -40.4% |
| Furniture and vehicles | 24 | €2,327 | €1,388 | -€939 | -40.4% |
| Financial fixed assets | 28 | €3,558 | €3,558 | = | 0.0% |
| Current assets | 29/58 | €989,347 | €1,120,952 | +€131,605 | +13.3% |
| Amounts receivable within one year | 40/41 | €205,429 | €286,321 | +€80,892 | +39.4% |
| Trade receivables | 40 | €171,461 | €215,256 | +€43,794 | +25.5% |
| Other amounts receivable | 41 | €33,968 | €71,065 | +€37,098 | +109.2% |
| Current investments | 50/53 | €52,000 | €52,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €731,256 | €782,279 | +€51,023 | +7.0% |
| Deferred charges and accrued income | 490/1 | €662 | €352 | -€310 | -46.8% |
| Total equity and liabilities | 10/49 | €1,009,285 | €1,138,330 | +€129,045 | +12.8% |
| Equity | 10/15 | €564,949 | €700,289 | +€135,340 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483,604 | €618,944 | +€135,340 | +28.0% |
| Non-distributable reserves | 130/1 | €52,000 | €52,000 | = | 0.0% |
| Own shares acquired | 1312 | €52,000 | €52,000 | = | 0.0% |
| Distributable reserves | 133 | €431,604 | €566,944 | +€135,340 | +31.4% |
| Profit (loss) carried forward | 14 | €75,145 | €75,145 | = | 0.0% |
| Amounts payable | 17/49 | €444,336 | €438,041 | -€6,295 | -1.4% |
| Amounts payable within one year | 42/48 | €444,336 | €438,041 | -€6,295 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Financial debts | 43 | - | €757 | +€757 | |
| Credit institutions | 430/8 | - | €757 | +€757 | |
| Trade debts | 44 | €368,274 | €358,607 | -€9,668 | -2.6% |
| Suppliers | 440/4 | €368,274 | €358,607 | -€9,668 | -2.6% |
| Taxes, remuneration and social security | 45 | €74,546 | €77,162 | +€2,616 | +3.5% |
| Taxes | 450/3 | €59,985 | €56,148 | -€3,836 | -6.4% |
| Remuneration and social security | 454/9 | €14,561 | €21,013 | +€6,452 | +44.3% |
| Other amounts payable | 47/48 | €16 | €16 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €103,458 | €103,376 | -€83 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €2,559 | -€56 | -2.1% |
| Other operating charges | 640/8 | €2,024 | €588 | -€1,436 | -70.9% |
| Gross operating margin | 9900 | €417,869 | €307,601 | -€110,267 | -26.4% |
| Operating profit (loss) | 9901 | €309,772 | €201,079 | -€108,693 | -35.1% |
| Financial income | 75/76B | €899 | €2,100 | +€1,202 | +133.7% |
| Recurring financial income | 75 | €899 | €2,100 | +€1,202 | +133.7% |
| Financial charges | 65/66B | €2,299 | €3,273 | +€974 | +42.3% |
| Recurring financial charges | 65 | €2,299 | €3,273 | +€974 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €308,371 | €199,906 | -€108,465 | -35.2% |
| Income taxes | 67/77 | €102,148 | €64,566 | -€37,582 | -36.8% |
| Profit (loss) for the period | 9904 | €206,223 | €135,340 | -€70,883 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €206,223 | €135,340 | -€70,883 | -34.4% |
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 6 October 2026 via checked.be.