VIVEAS: 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.
VIVEAS
Largest movements
- Receivables after one year +€1.5m
new in 2025: €1.5m
- Cash -€183,584
down €183,584 (-39.3%), from €467,537 to €283,953
mainly Receivables after one year (-€1.5m) and Contributions, distributions and other (-€333,401)
- Deferred charges and accrued income +€79,603
new in 2025: €79,603
- Tangible fixed assets -€70,976
down €70,976 (-10.9%), from €653,307 to €582,331
of which Furniture and vehicles: -€51,990
- Receivables within one year +€46,924
up €46,924 (+48.1%), from €97,591 to €144,515
of which Trade receivables: +€44,400
- Debts after one year +€1.5m
up €1.5m (+385.3%), from €385,242 to €1.9m
of which Other amounts payable: +€1.6m
- Other debts -€169,832
down €169,832 (-48.6%), from €349,469 to €179,637
- Reserves -€100,490
down €100,490 (-31.3%), from €320,907 to €220,417
of which Distributable reserves: -€100,490
- Trade debts +€78,875
up €78,875 (+3230.1%), from €2,442 to €81,317
- Accrued charges and deferred income +€54,966
new in 2025: €54,966
- Financial income +€79,603
new in 2025: €79,603
- Financial charges +€47,809
up €47,809 (+277.7%), from €17,215 to €65,024
- Gross operating margin +€21,182
up €21,182 (+5.7%), from €368,943 to €390,125
- Taxes +€13,815
up €13,815 (+18.9%), from €73,236 to €87,051
- Depreciation -€4,896
down €4,896 (-6.3%), from €77,821 to €72,926
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 | €1,218,435 | €2,590,403 | +€1.4m | +112.6% |
| Fixed assets | 21/28 | €653,307 | €582,331 | -€70,976 | -10.9% |
| Tangible fixed assets | 22/27 | €653,307 | €582,331 | -€70,976 | -10.9% |
| Land and buildings | 22 | €477,135 | €457,685 | -€19,450 | -4.1% |
| Plant, machinery and equipment | 23 | €3,646 | €4,110 | +€464 | +12.7% |
| Furniture and vehicles | 24 | €172,526 | €120,536 | -€51,990 | -30.1% |
| Current assets | 29/58 | €565,128 | €2,008,071 | +€1.4m | +255.3% |
| Amounts receivable after more than one year | 29 | - | €1,500,000 | +€1.5m | |
| Other amounts receivable | 291 | - | €1,500,000 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €97,591 | €144,515 | +€46,924 | +48.1% |
| Trade receivables | 40 | €86,280 | €130,680 | +€44,400 | +51.5% |
| Other amounts receivable | 41 | €11,311 | €13,835 | +€2,524 | +22.3% |
| Cash at bank and in hand | 54/58 | €467,537 | €283,953 | -€183,584 | -39.3% |
| Deferred charges and accrued income | 490/1 | - | €79,603 | +€79,603 | |
| Total equity and liabilities | 10/49 | €1,218,435 | €2,590,403 | +€1.4m | +112.6% |
| Equity | 10/15 | €333,607 | €239,017 | -€94,590 | -28.4% |
| Contributions | 10/11 | €12,700 | €18,600 | +€5,900 | +46.5% |
| Contributions outside capital | 11 | €12,700 | €18,600 | +€5,900 | +46.5% |
| Other | 1109/19 | €12,700 | €18,600 | +€5,900 | +46.5% |
| Reserves | 13 | €320,907 | €220,417 | -€100,490 | -31.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €319,047 | €218,557 | -€100,490 | -31.5% |
| Amounts payable | 17/49 | €884,829 | €2,351,386 | +€1.5m | +165.7% |
| Amounts payable after more than one year | 17 | €385,242 | €1,869,741 | +€1.5m | +385.3% |
| Financial debts | 170/4 | €385,242 | €319,741 | -€65,501 | -17.0% |
| Other amounts payable | 178/9 | - | €1,550,000 | +€1.6m | |
| Amounts payable within one year | 42/48 | €499,587 | €426,679 | -€72,908 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €63,712 | €65,501 | +€1,790 | +2.8% |
| Trade debts | 44 | €2,442 | €81,317 | +€78,875 | +3230.1% |
| Suppliers | 440/4 | €2,442 | €81,317 | +€78,875 | +3230.1% |
| Taxes, remuneration and social security | 45 | €83,964 | €100,224 | +€16,260 | +19.4% |
| Taxes | 450/3 | €83,964 | €100,224 | +€16,260 | +19.4% |
| Other amounts payable | 47/48 | €349,469 | €179,637 | -€169,832 | -48.6% |
| Accrued charges and deferred income | 492/3 | - | €54,966 | +€54,966 | |
| Non-recurring operating income | 76A | €5,120 | €6,828 | +€1,708 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,821 | €72,926 | -€4,896 | -6.3% |
| Other operating charges | 640/8 | €4,232 | €5,917 | +€1,685 | +39.8% |
| Gross operating margin | 9900 | €368,943 | €390,125 | +€21,182 | +5.7% |
| Operating profit (loss) | 9901 | €286,890 | €311,283 | +€24,393 | +8.5% |
| Financial income | 75/76B | - | €79,603 | +€79,603 | |
| Recurring financial income | 75 | - | €79,603 | +€79,603 | |
| Financial charges | 65/66B | €17,215 | €65,024 | +€47,809 | +277.7% |
| Recurring financial charges | 65 | €17,215 | €65,024 | +€47,809 | +277.7% |
| Profit (loss) for the period before taxes | 9903 | €269,675 | €325,862 | +€56,187 | +20.8% |
| Income taxes | 67/77 | €73,236 | €87,051 | +€13,815 | +18.9% |
| Profit (loss) for the period | 9904 | €196,440 | €238,811 | +€42,372 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €196,440 | €238,811 | +€42,372 | +21.6% |
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 9 October 2026 via checked.be.