VIVARE: 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.
VIVARE
Largest movements
- Receivables within one year -€5,122
down €5,122 (-31.5%), from €16,272 to €11,150
of which Trade receivables: -€4,717
- Cash -€3,326
down €3,326 (-11.4%), from €29,164 to €25,838
mainly Contributions, distributions and other (-€5,517) and Tax, wage and social debts (-€3,077)
- Tangible fixed assets -€2,317
down €2,317 (-39.0%), from €5,937 to €3,620
of which Furniture and vehicles: -€1,689
- Deferred charges and accrued income +€1,513
up €1,513 (+1,074%), from €141 to €1,654
- Reserves -€5,047
down €5,047 (-15.5%), from €32,593 to €27,546
- Tax, wage and social debts -€3,077
down €3,077 (-72.6%), from €4,236 to €1,159
- Other debts -€917
down €917 (-13.7%), from €6,703 to €5,786
- Gross operating margin -€16,915
down €16,915 (-75.6%), from €22,369 to €5,454
- Taxes -€4,710
down €4,710 (-75.5%), from €6,239 to €1,528
- Depreciation +€966
up €966 (+71.5%), from €1,351 to €2,317
- Other operating charges +€267
up €267 (+36.1%), from €740 to €1,007
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 | €51,513 | €42,262 | -€9,252 | -18.0% |
| Fixed assets | 21/28 | €5,937 | €3,620 | -€2,317 | -39.0% |
| Tangible fixed assets | 22/27 | €5,937 | €3,620 | -€2,317 | -39.0% |
| Plant, machinery and equipment | 23 | €2,928 | €2,301 | -€628 | -21.4% |
| Furniture and vehicles | 24 | €3,008 | €1,319 | -€1,689 | -56.1% |
| Current assets | 29/58 | €45,577 | €38,642 | -€6,935 | -15.2% |
| Amounts receivable within one year | 40/41 | €16,272 | €11,150 | -€5,122 | -31.5% |
| Trade receivables | 40 | €15,027 | €10,310 | -€4,717 | -31.4% |
| Other amounts receivable | 41 | €1,244 | €839 | -€405 | -32.5% |
| Cash at bank and in hand | 54/58 | €29,164 | €25,838 | -€3,326 | -11.4% |
| Deferred charges and accrued income | 490/1 | €141 | €1,654 | +€1,513 | +1,074% |
| Total equity and liabilities | 10/49 | €51,513 | €42,262 | -€9,252 | -18.0% |
| Equity | 10/15 | €38,793 | €33,746 | -€5,047 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,593 | €27,546 | -€5,047 | -15.5% |
| Distributable reserves | 133 | €32,593 | €27,546 | -€5,047 | -15.5% |
| Amounts payable | 17/49 | €12,720 | €8,516 | -€4,204 | -33.1% |
| Amounts payable within one year | 42/48 | €11,926 | €8,116 | -€3,809 | -31.9% |
| Trade debts | 44 | €986 | €1,171 | +€185 | +18.7% |
| Suppliers | 440/4 | €986 | €1,171 | +€185 | +18.7% |
| Taxes, remuneration and social security | 45 | €4,236 | €1,159 | -€3,077 | -72.6% |
| Taxes | 450/3 | €4,236 | €1,159 | -€3,077 | -72.6% |
| Other amounts payable | 47/48 | €6,703 | €5,786 | -€917 | -13.7% |
| Accrued charges and deferred income | 492/3 | €794 | €400 | -€395 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351 | €2,317 | +€966 | +71.5% |
| Other operating charges | 640/8 | €740 | €1,007 | +€267 | +36.1% |
| Gross operating margin | 9900 | €22,369 | €5,454 | -€16,915 | -75.6% |
| Operating profit (loss) | 9901 | €20,278 | €2,130 | -€18,148 | -89.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,050% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,050% |
| Financial charges | 65/66B | €125 | €133 | +€9 | +6.9% |
| Recurring financial charges | 65 | €125 | €133 | +€9 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €20,154 | €1,998 | -€18,156 | -90.1% |
| Income taxes | 67/77 | €6,239 | €1,528 | -€4,710 | -75.5% |
| Profit (loss) for the period | 9904 | €13,915 | €469 | -€13,446 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,915 | €469 | -€13,446 | -96.6% |
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 23 October 2026 via checked.be.