VIVARO: 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.
VIVARO
Largest movements
- Cash -€34,015
down €34,015 (-7.6%), from €449,734 to €415,718
mainly Net result for the year (-€37,922) and Tax, wage and social debts (-€16,901)
- Tangible fixed assets -€6,336
down €6,336 (-4.4%), from €142,658 to €136,322
- Profit (loss) carried forward -€37,922
down €37,922 (-8.5%), from -€445,117 to -€483,039
- Tax, wage and social debts -€16,901
down €16,901 (-77.9%), from €21,692 to €4,791
- Other debts +€12,664
up €12,664 (+2.3%), from €542,156 to €554,820
- Taxes -€16,265
down €16,265 (-100.0%), from €16,265 to €0
- Gross operating margin -€2,623
down €2,623 (-32.7%), from -€8,015 to -€10,638
- Financial charges -€2,094
down €2,094 (-11.4%), from €18,419 to €16,325
- Other operating charges -€152
down €152 (-3.2%), from €4,776 to €4,624
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 | €592,391 | €552,040 | -€40,351 | -6.8% |
| Fixed assets | 21/28 | €142,658 | €136,322 | -€6,336 | -4.4% |
| Tangible fixed assets | 22/27 | €142,658 | €136,322 | -€6,336 | -4.4% |
| Land and buildings | 22 | €142,658 | €136,322 | -€6,336 | -4.4% |
| Current assets | 29/58 | €449,734 | €415,718 | -€34,015 | -7.6% |
| Cash at bank and in hand | 54/58 | €449,734 | €415,718 | -€34,015 | -7.6% |
| Total equity and liabilities | 10/49 | €592,391 | €552,040 | -€40,351 | -6.8% |
| Equity | 10/15 | €15,734 | -€22,189 | -€37,922 | |
| Contributions | 10/11 | €225,583 | €225,583 | = | 0.0% |
| Reserves | 13 | €235,267 | €235,267 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,620 | €72,620 | = | 0.0% |
| Distributable reserves | 133 | €162,647 | €162,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€445,117 | -€483,039 | -€37,922 | -8.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €576,658 | €574,229 | -€2,429 | -0.4% |
| Amounts payable within one year | 42/48 | €563,993 | €563,049 | -€945 | -0.2% |
| Trade debts | 44 | €145 | €3,437 | +€3,292 | +2270.3% |
| Suppliers | 440/4 | €145 | €3,437 | +€3,292 | +2270.3% |
| Taxes, remuneration and social security | 45 | €21,692 | €4,791 | -€16,901 | -77.9% |
| Taxes | 450/3 | €21,692 | €4,791 | -€16,901 | -77.9% |
| Other amounts payable | 47/48 | €542,156 | €554,820 | +€12,664 | +2.3% |
| Accrued charges and deferred income | 492/3 | €12,664 | €11,180 | -€1,484 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,336 | €6,336 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,776 | €4,624 | -€152 | -3.2% |
| Gross operating margin | 9900 | -€8,015 | -€10,638 | -€2,623 | -32.7% |
| Operating profit (loss) | 9901 | -€19,126 | -€21,597 | -€2,471 | -12.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €18,419 | €16,325 | -€2,094 | -11.4% |
| Recurring financial charges | 65 | €18,419 | €16,325 | -€2,094 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,545 | -€37,922 | -€377 | -1.0% |
| Transfer from deferred taxes | 780 | €54,114 | €0 | -€54,114 | -100.0% |
| Income taxes | 67/77 | €16,265 | €0 | -€16,265 | -100.0% |
| Profit (loss) for the period | 9904 | €304 | -€37,922 | -€38,227 | |
| Transfer from tax-exempt reserves | 789 | €162,343 | €0 | -€162,343 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,647 | -€37,922 | -€200,569 |
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 1 October 2026 via checked.be.