VIVAO: 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.
VIVAO
Largest movements
- Receivables within one year -€18,718
down €18,718 (-36.4%), from €51,356 to €32,638
of which Trade receivables: -€20,606
- Stocks and contracts +€5,789
up €5,789 (+524%), from €1,105 to €6,894
- Cash -€1,502
down €1,502 (-100%), from €1,502 to €0
mainly Contributions, distributions and other (-€11,112) and Tax, wage and social debts (-€10,229)
- Financial fixed assets +€1,020
up €1,020 (+2.6%), from €39,395 to €40,415
- Tax, wage and social debts -€10,229
down €10,229 (-64.1%), from €15,947 to €5,718
- Accrued charges and deferred income -€9,327
down €9,327 (-100%), from €9,327 to €0
- Trade debts +€8,352
up €8,352 (+208%), from €4,011 to €12,363
- Profit (loss) carried forward -€5,874
down €5,874 (-9.3%), from €63,065 to €57,191
- Other debts +€2,090
up €2,090 (+110%), from €1,900 to €3,990
- Gross operating margin -€78,906
down €78,906 (-88.9%), from €88,793 to €9,887
- Taxes -€21,210
down €21,210 (-88.6%), from €23,947 to €2,737
- Staff costs +€1,296
new in 2025: €1,296
- Other operating charges -€1,255
down €1,255 (-57.1%), from €2,198 to €943
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 | €97,000 | €83,170 | -€13,830 | -14.3% |
| Fixed assets | 21/28 | €43,035 | €43,638 | +€604 | +1.4% |
| Intangible fixed assets | 21 | €3,640 | €3,223 | -€417 | -11.4% |
| Financial fixed assets | 28 | €39,395 | €40,415 | +€1,020 | +2.6% |
| Current assets | 29/58 | €53,965 | €39,532 | -€14,433 | -26.7% |
| Stocks and contracts in progress | 3 | €1,105 | €6,894 | +€5,789 | +524% |
| Stocks | 30/36 | €1,105 | €6,894 | +€5,789 | +524% |
| Amounts receivable within one year | 40/41 | €51,356 | €32,638 | -€18,718 | -36.4% |
| Trade receivables | 40 | €48,389 | €27,783 | -€20,606 | -42.6% |
| Other amounts receivable | 41 | €2,966 | €4,855 | +€1,888 | +63.6% |
| Cash at bank and in hand | 54/58 | €1,502 | €0 | -€1,502 | -100% |
| Deferred charges and accrued income | 490/1 | €2 | €0 | -€2 | -100% |
| Total equity and liabilities | 10/49 | €97,000 | €83,170 | -€13,830 | -14.3% |
| Equity | 10/15 | €65,815 | €59,941 | -€5,874 | -8.9% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,065 | €57,191 | -€5,874 | -9.3% |
| Amounts payable | 17/49 | €31,185 | €23,229 | -€7,955 | -25.5% |
| Amounts payable within one year | 42/48 | €21,858 | €23,229 | +€1,371 | +6.3% |
| Financial debts | 43 | - | €1,159 | +€1,159 | |
| Credit institutions | 430/8 | - | €1,159 | +€1,159 | |
| Trade debts | 44 | €4,011 | €12,363 | +€8,352 | +208% |
| Suppliers | 440/4 | €4,011 | €12,363 | +€8,352 | +208% |
| Taxes, remuneration and social security | 45 | €15,947 | €5,718 | -€10,229 | -64.1% |
| Taxes | 450/3 | €15,947 | €5,718 | -€10,229 | -64.1% |
| Other amounts payable | 47/48 | €1,900 | €3,990 | +€2,090 | +110% |
| Accrued charges and deferred income | 492/3 | €9,327 | €0 | -€9,327 | -100% |
| Remuneration, social security and pensions | 62 | - | €1,296 | +€1,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528 | €417 | -€111 | -21.0% |
| Other operating charges | 640/8 | €2,198 | €943 | -€1,255 | -57.1% |
| Gross operating margin | 9900 | €88,793 | €9,887 | -€78,906 | -88.9% |
| Operating profit (loss) | 9901 | €86,068 | €7,231 | -€78,836 | -91.6% |
| Financial income | 75/76B | €1,344 | €1,092 | -€252 | -18.7% |
| Recurring financial income | 75 | €1,344 | €1,092 | -€252 | -18.7% |
| Financial charges | 65/66B | €400 | €349 | -€51 | -12.7% |
| Recurring financial charges | 65 | €400 | €349 | -€51 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €87,012 | €7,975 | -€79,038 | -90.8% |
| Income taxes | 67/77 | €23,947 | €2,737 | -€21,210 | -88.6% |
| Profit (loss) for the period | 9904 | €63,065 | €5,238 | -€57,827 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,065 | €5,238 | -€57,827 | -91.7% |
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 18 October 2026 via checked.be.