Vivatours: 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.
Vivatours
Largest movements
- Deferred charges and accrued income -€189,017
down €189,017 (-60.6%), from €311,726 to €122,709
- Cash -€114,009
down €114,009 (-27.6%), from €412,375 to €298,366
mainly Accrued charges and deferred income (-€152,024) and Advances received (-€82,708)
- Receivables within one year -€25,906
down €25,906 (-35.9%), from €72,100 to €46,193
of which Trade receivables: -€15,350
- Accrued charges and deferred income -€152,024
down €152,024 (-68.6%), from €221,452 to €69,429
- Advances received -€82,708
down €82,708 (-37.5%), from €220,624 to €137,916
- Trade debts -€71,455
down €71,455 (-54.6%), from €130,863 to €59,408
- Profit (loss) carried forward -€21,786
down €21,786 (-21.1%), from -€103,011 to -€124,797
- Tax, wage and social debts -€18,055
down €18,055 (-54.3%), from €33,242 to €15,187
of which Remuneration and social security: -€13,792
- Gross operating margin -€10,833
down €10,833 (-9.3%), from €115,913 to €105,079
- Staff costs -€4,192
down €4,192 (-3.4%), from €124,665 to €120,473
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 | €827,449 | €493,398 | -€334,051 | -40.4% |
| Fixed assets | 21/28 | €31,248 | €26,129 | -€5,119 | -16.4% |
| Tangible fixed assets | 22/27 | €30,009 | €24,890 | -€5,119 | -17.1% |
| Land and buildings | 22 | €23,137 | €23,137 | = | 0.0% |
| Furniture and vehicles | 24 | €6,872 | €1,753 | -€5,119 | -74.5% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €796,201 | €467,268 | -€328,932 | -41.3% |
| Amounts receivable within one year | 40/41 | €72,100 | €46,193 | -€25,906 | -35.9% |
| Trade receivables | 40 | €48,485 | €33,135 | -€15,350 | -31.7% |
| Other amounts receivable | 41 | €23,615 | €13,059 | -€10,556 | -44.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €412,375 | €298,366 | -€114,009 | -27.6% |
| Deferred charges and accrued income | 490/1 | €311,726 | €122,709 | -€189,017 | -60.6% |
| Total equity and liabilities | 10/49 | €827,449 | €493,398 | -€334,051 | -40.4% |
| Equity | 10/15 | €205,348 | €183,563 | -€21,786 | -10.6% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €285,860 | €285,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,707 | €20,707 | = | 0.0% |
| Distributable reserves | 133 | €265,153 | €265,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,011 | -€124,797 | -€21,786 | -21.1% |
| Amounts payable | 17/49 | €622,101 | €309,835 | -€312,266 | -50.2% |
| Amounts payable within one year | 42/48 | €400,648 | €240,406 | -€160,242 | -40.0% |
| Trade debts | 44 | €130,863 | €59,408 | -€71,455 | -54.6% |
| Suppliers | 440/4 | €130,863 | €59,408 | -€71,455 | -54.6% |
| Advances received on contracts in progress | 46 | €220,624 | €137,916 | -€82,708 | -37.5% |
| Taxes, remuneration and social security | 45 | €33,242 | €15,187 | -€18,055 | -54.3% |
| Taxes | 450/3 | €4,263 | €0 | -€4,263 | -100% |
| Remuneration and social security | 454/9 | €28,979 | €15,187 | -€13,792 | -47.6% |
| Other amounts payable | 47/48 | €15,920 | €27,896 | +€11,977 | +75.2% |
| Accrued charges and deferred income | 492/3 | €221,452 | €69,429 | -€152,024 | -68.6% |
| Remuneration, social security and pensions | 62 | €124,665 | €120,473 | -€4,192 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €5,119 | = | 0.0% |
| Other operating charges | 640/8 | €2,466 | €2,381 | -€85 | -3.5% |
| Gross operating margin | 9900 | €115,913 | €105,079 | -€10,833 | -9.3% |
| Operating profit (loss) | 9901 | -€16,337 | -€22,893 | -€6,556 | -40.1% |
| Financial income | 75/76B | €1,225 | €1,864 | +€639 | +52.1% |
| Recurring financial income | 75 | €1,225 | €1,864 | +€639 | +52.1% |
| Financial charges | 65/66B | €308 | €309 | +€0 | +0.1% |
| Recurring financial charges | 65 | €308 | €309 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,420 | -€21,338 | -€5,918 | -38.4% |
| Income taxes | 67/77 | €196 | €448 | +€253 | +129% |
| Profit (loss) for the period | 9904 | -€15,616 | -€21,786 | -€6,170 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,616 | -€21,786 | -€6,170 | -39.5% |
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 17 October 2026 via checked.be.