VivaTech: 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.
What changed
VivaTech
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.5m
2024 · €5.1m+€464,215
Equity
€1.4m
2024 · €875,441+€520,605
Cash
€138,454
2024 · €179,960-€41,506
Balance sheet total
€9.2m
2024 · €8.9m+€213,806
Largest movements
Assets
- Receivables within one year +€350,290
up €350,290 (+5.3%), from €6.6m to €6.9m
of which Trade receivables: +€313,194
Equity and liabilities
- Profit (loss) carried forward +€520,605
up €520,605 (+178%), from €292,441 to €813,046
- Tax, wage and social debts -€229,378
down €229,378 (-8.8%), from €2.6m to €2.4m
of which Taxes: -€229,083
Income statement
- Gross operating margin +€607,178
up €607,178 (+10.1%), from €6.0m to €6.6m
- Taxes +€108,716
up €108,716 (+49.2%), from €220,977 to €329,693
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.
Result 2024
€5.1m
Gross operating margin
+€607,178
Staff costs
-€2,775
Depreciation
+€2,082
Other operating charges
+€309
Financial income
-€34,137
Financial charges
+€274
Taxes
-€108,716
Result 2025
€5.5m
raises the resultlowers the result
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.
From operations
+€5.6m
Investment
-€644,446
Financing
-€5.0m
Cash 2024
€179,960
From operations (derived)
+€5.6m
Net result for the year
+€5.5m
Depreciation
+€718,923
Receivables within one year
-€350,290
Deferred charges and accrued income
+€20,501
Trade debts
-€61,969
Tax, wage and social debts
-€229,378
Other debts
-€19,824
Accrued charges and deferred income
+€4,372
Investment (derived)
-€644,446
Investment in fixed assets (net)
-€644,446
Financing
-€5.0m
Contributions, distributions and other
-€5.0m
Cash 2025
€138,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,944,756 | €9,158,562 | +€213,806 | +2.4% |
| Fixed assets | 21/28 | €1,970,281 | €1,895,804 | -€74,477 | -3.8% |
| Intangible fixed assets | 21 | €1,970,281 | €1,895,804 | -€74,477 | -3.8% |
| Current assets | 29/58 | €6,974,475 | €7,262,758 | +€288,283 | +4.1% |
| Amounts receivable within one year | 40/41 | €6,586,708 | €6,936,998 | +€350,290 | +5.3% |
| Trade receivables | 40 | €4,105,840 | €4,419,035 | +€313,194 | +7.6% |
| Other amounts receivable | 41 | €2,480,868 | €2,517,964 | +€37,096 | +1.5% |
| Cash at bank and in hand | 54/58 | €179,960 | €138,454 | -€41,506 | -23.1% |
| Deferred charges and accrued income | 490/1 | €207,807 | €187,306 | -€20,501 | -9.9% |
| Total equity and liabilities | 10/49 | €8,944,756 | €9,158,562 | +€213,806 | +2.4% |
| Equity | 10/15 | €875,441 | €1,396,046 | +€520,605 | +59.5% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Capital | 10 | €530,000 | €530,000 | = | 0.0% |
| Issued capital | 100 | €530,000 | €530,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €53,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,000 | €53,000 | = | 0.0% |
| Legal reserve | 130 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,441 | €813,046 | +€520,605 | +178% |
| Amounts payable | 17/49 | €8,069,316 | €7,762,516 | -€306,800 | -3.8% |
| Amounts payable within one year | 42/48 | €8,069,316 | €7,758,144 | -€311,171 | -3.9% |
| Trade debts | 44 | €412,844 | €350,875 | -€61,969 | -15.0% |
| Suppliers | 440/4 | €412,844 | €350,875 | -€61,969 | -15.0% |
| Taxes, remuneration and social security | 45 | €2,610,520 | €2,381,142 | -€229,378 | -8.8% |
| Taxes | 450/3 | €2,595,343 | €2,366,260 | -€229,083 | -8.8% |
| Remuneration and social security | 454/9 | €15,177 | €14,882 | -€295 | -1.9% |
| Other amounts payable | 47/48 | €5,045,951 | €5,026,127 | -€19,824 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €4,372 | +€4,372 | |
| Non-recurring operating income | 76A | €0 | €6,011 | +€6,011 | |
| Remuneration, social security and pensions | 62 | €83,104 | €85,880 | +€2,775 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721,006 | €718,923 | -€2,082 | -0.3% |
| Other operating charges | 640/8 | €1,428 | €1,118 | -€309 | -21.7% |
| Gross operating margin | 9900 | €5,993,359 | €6,600,537 | +€607,178 | +10.1% |
| Operating profit (loss) | 9901 | €5,187,822 | €5,794,616 | +€606,794 | +11.7% |
| Financial income | 75/76B | €90,501 | €56,364 | -€34,137 | -37.7% |
| Recurring financial income | 75 | €90,501 | €56,364 | -€34,137 | -37.7% |
| Financial charges | 65/66B | €956 | €682 | -€274 | -28.6% |
| Recurring financial charges | 65 | €956 | €682 | -€274 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €5,277,367 | €5,850,298 | +€572,931 | +10.9% |
| Income taxes | 67/77 | €220,977 | €329,693 | +€108,716 | +49.2% |
| Profit (loss) for the period | 9904 | €5,056,390 | €5,520,605 | +€464,215 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,056,390 | €5,520,605 | +€464,215 | +9.2% |
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 28 October 2026 via checked.be.