ViVeCo: 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.
ViVeCo
Largest movements
- Cash +€76,159
up €76,159 (+60.9%), from €125,022 to €201,181
mainly Net result for the year (+€70,920) and Depreciation (+€12,519)
- Tangible fixed assets -€11,060
down €11,060 (-23.8%), from €46,454 to €35,394
of which Furniture and vehicles: -€11,970
- Reserves +€70,920
up €70,920 (+56.4%), from €125,777 to €196,698
- Tax, wage and social debts -€10,954
down €10,954 (-19.8%), from €55,327 to €44,372
- Other debts +€6,721
up €6,721 (+198.1%), from €3,393 to €10,113
- Gross operating margin +€21,907
up €21,907 (+27.2%), from €80,487 to €102,395
- Taxes +€5,151
up €5,151 (+37.1%), from €13,894 to €19,045
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 | €185,936 | €253,102 | +€67,166 | +36.1% |
| Fixed assets | 21/28 | €46,454 | €35,394 | -€11,060 | -23.8% |
| Tangible fixed assets | 22/27 | €46,454 | €35,394 | -€11,060 | -23.8% |
| Plant, machinery and equipment | 23 | €843 | €1,753 | +€910 | +107.9% |
| Furniture and vehicles | 24 | €45,611 | €33,642 | -€11,970 | -26.2% |
| Current assets | 29/58 | €139,482 | €217,707 | +€78,226 | +56.1% |
| Amounts receivable within one year | 40/41 | €14,399 | €15,047 | +€648 | +4.5% |
| Trade receivables | 40 | €14,399 | €15,004 | +€605 | +4.2% |
| Other amounts receivable | 41 | - | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €125,022 | €201,181 | +€76,159 | +60.9% |
| Deferred charges and accrued income | 490/1 | €61 | €1,480 | +€1,419 | +2323.8% |
| Total equity and liabilities | 10/49 | €185,936 | €253,102 | +€67,166 | +36.1% |
| Equity | 10/15 | €126,777 | €197,698 | +€70,920 | +55.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €125,777 | €196,698 | +€70,920 | +56.4% |
| Distributable reserves | 133 | €125,777 | €196,698 | +€70,920 | +56.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,158 | €55,404 | -€3,754 | -6.3% |
| Amounts payable within one year | 42/48 | €59,158 | €55,404 | -€3,754 | -6.3% |
| Trade debts | 44 | €439 | €918 | +€479 | +109.3% |
| Suppliers | 440/4 | €439 | €918 | +€479 | +109.3% |
| Taxes, remuneration and social security | 45 | €55,327 | €44,372 | -€10,954 | -19.8% |
| Taxes | 450/3 | €55,327 | €44,372 | -€10,954 | -19.8% |
| Other amounts payable | 47/48 | €3,393 | €10,113 | +€6,721 | +198.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €12,519 | +€242 | +2.0% |
| Other operating charges | 640/8 | €24 | €460 | +€435 | +1778.3% |
| Gross operating margin | 9900 | €80,487 | €102,395 | +€21,907 | +27.2% |
| Operating profit (loss) | 9901 | €68,186 | €89,416 | +€21,230 | +31.1% |
| Financial income | 75/76B | €45 | €696 | +€651 | +1443.8% |
| Recurring financial income | 75 | €45 | €696 | +€651 | +1443.8% |
| Financial charges | 65/66B | €76 | €146 | +€71 | +93.6% |
| Recurring financial charges | 65 | €76 | €146 | +€71 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €68,155 | €89,965 | +€21,810 | +32.0% |
| Income taxes | 67/77 | €13,894 | €19,045 | +€5,151 | +37.1% |
| Profit (loss) for the period | 9904 | €54,261 | €70,920 | +€16,659 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,261 | €70,920 | +€16,659 | +30.7% |
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 7 October 2026 via checked.be.