VIVEC: 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.
VIVEC
Largest movements
- Receivables after one year -€40,992
down €40,992 (-100%), from €40,992 to €0
- Receivables within one year +€36,128
up €36,128 (+202%), from €17,849 to €53,977
of which Other amounts receivable: +€39,850
- Cash +€10,952
up €10,952 (+16.6%), from €66,070 to €77,021
mainly Receivables after one year (+€40,992) and Other debts (+€20,748)
- Tangible fixed assets -€10,208
down €10,208 (-21.3%), from €47,988 to €37,780
of which Furniture and vehicles: -€11,349
- Deferred charges and accrued income +€3,153
up €3,153 (+50.2%), from €6,279 to €9,432
- Other debts +€20,748
up €20,748 (+31.3%), from €66,367 to €87,115
- Reserves -€12,200
down €12,200 (-17.3%), from €70,466 to €58,266
- Trade debts -€10,585
down €10,585 (-86.7%), from €12,215 to €1,630
- Accrued charges and deferred income +€2,030
up €2,030 (+145%), from €1,404 to €3,434
- Gross operating margin -€13,457
down €13,457 (-31.2%), from €43,134 to €29,678
- Taxes -€4,946
down €4,946 (-50.8%), from €9,731 to €4,785
- Depreciation -€3,028
down €3,028 (-16.9%), from €17,899 to €14,871
- Financial charges +€2,044
up €2,044 (+128%), from €1,596 to €3,640
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 | €179,178 | €178,211 | -€967 | -0.5% |
| Fixed assets | 21/28 | €47,988 | €37,780 | -€10,208 | -21.3% |
| Tangible fixed assets | 22/27 | €47,988 | €37,780 | -€10,208 | -21.3% |
| Land and buildings | 22 | €7,584 | €6,182 | -€1,402 | -18.5% |
| Plant, machinery and equipment | 23 | €4,489 | €7,032 | +€2,543 | +56.6% |
| Furniture and vehicles | 24 | €35,915 | €24,566 | -€11,349 | -31.6% |
| Current assets | 29/58 | €131,190 | €140,431 | +€9,241 | +7.0% |
| Amounts receivable after more than one year | 29 | €40,992 | €0 | -€40,992 | -100% |
| Other amounts receivable | 291 | €40,992 | €0 | -€40,992 | -100% |
| Amounts receivable within one year | 40/41 | €17,849 | €53,977 | +€36,128 | +202% |
| Trade receivables | 40 | €16,984 | €13,262 | -€3,722 | -21.9% |
| Other amounts receivable | 41 | €865 | €40,715 | +€39,850 | +4,606% |
| Cash at bank and in hand | 54/58 | €66,070 | €77,021 | +€10,952 | +16.6% |
| Deferred charges and accrued income | 490/1 | €6,279 | €9,432 | +€3,153 | +50.2% |
| Total equity and liabilities | 10/49 | €179,178 | €178,211 | -€967 | -0.5% |
| Equity | 10/15 | €89,066 | €76,866 | -€12,200 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,466 | €58,266 | -€12,200 | -17.3% |
| Distributable reserves | 133 | €70,466 | €58,266 | -€12,200 | -17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,112 | €101,344 | +€11,233 | +12.5% |
| Amounts payable within one year | 42/48 | €88,708 | €97,910 | +€9,202 | +10.4% |
| Financial debts | 43 | €1,187 | €1,589 | +€402 | +33.8% |
| Credit institutions | 430/8 | €1,187 | €1,589 | +€402 | +33.8% |
| Trade debts | 44 | €12,215 | €1,630 | -€10,585 | -86.7% |
| Suppliers | 440/4 | €12,215 | €1,630 | -€10,585 | -86.7% |
| Taxes, remuneration and social security | 45 | €8,939 | €7,577 | -€1,362 | -15.2% |
| Taxes | 450/3 | €8,939 | €7,577 | -€1,362 | -15.2% |
| Other amounts payable | 47/48 | €66,367 | €87,115 | +€20,748 | +31.3% |
| Accrued charges and deferred income | 492/3 | €1,404 | €3,434 | +€2,030 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,899 | €14,871 | -€3,028 | -16.9% |
| Other operating charges | 640/8 | €1,044 | €1,169 | +€125 | +12.0% |
| Gross operating margin | 9900 | €43,134 | €29,678 | -€13,457 | -31.2% |
| Operating profit (loss) | 9901 | €24,191 | €13,638 | -€10,554 | -43.6% |
| Financial income | 75/76B | €2,484 | €2,524 | +€40 | +1.6% |
| Recurring financial income | 75 | €2,484 | €2,524 | +€40 | +1.6% |
| Financial charges | 65/66B | €1,596 | €3,640 | +€2,044 | +128% |
| Recurring financial charges | 65 | €1,596 | €3,640 | +€2,044 | +128% |
| Profit (loss) for the period before taxes | 9903 | €25,079 | €12,522 | -€12,557 | -50.1% |
| Income taxes | 67/77 | €9,731 | €4,785 | -€4,946 | -50.8% |
| Profit (loss) for the period | 9904 | €15,349 | €7,737 | -€7,611 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,349 | €7,737 | -€7,611 | -49.6% |
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 14 October 2026 via checked.be.