VIVELEC: 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.
VIVELEC
Largest movements
- Cash +€167,804
up €167,804 (+237.6%), from €70,634 to €238,438
mainly Net result for the year (+€99,136) and Receivables within one year (+€57,333)
- Receivables within one year -€57,333
down €57,333 (-41.3%), from €138,850 to €81,517
of which Trade receivables: -€62,904
- Tangible fixed assets -€4,872
down €4,872 (-17.9%), from €27,275 to €22,403
of which Furniture and vehicles: -€7,878
- Profit (loss) carried forward +€99,136
up €99,136 (+53.2%), from €186,232 to €285,367
- Debts after one year -€6,137
down €6,137 (-51.9%), from €11,815 to €5,679
- Trade debts +€5,628
up €5,628 (+42.5%), from €13,258 to €18,887
- Other debts +€5,454
up €5,454 (+67.3%), from €8,107 to €13,562
- Staff costs +€23,369
up €23,369 (+122.0%), from €19,154 to €42,522
- Taxes -€6,206
down €6,206 (-15.3%), from €40,473 to €34,268
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,553 | €346,475 | +€104,921 | +43.4% |
| Formation expenses | 20 | €1,179 | €774 | -€404 | -34.3% |
| Fixed assets | 21/28 | €27,275 | €22,403 | -€4,872 | -17.9% |
| Tangible fixed assets | 22/27 | €27,275 | €22,403 | -€4,872 | -17.9% |
| Plant, machinery and equipment | 23 | €5,423 | €8,429 | +€3,006 | +55.4% |
| Furniture and vehicles | 24 | €21,851 | €13,973 | -€7,878 | -36.1% |
| Current assets | 29/58 | €213,100 | €323,298 | +€110,198 | +51.7% |
| Amounts receivable within one year | 40/41 | €138,850 | €81,517 | -€57,333 | -41.3% |
| Trade receivables | 40 | €123,661 | €60,757 | -€62,904 | -50.9% |
| Other amounts receivable | 41 | €15,188 | €20,760 | +€5,571 | +36.7% |
| Cash at bank and in hand | 54/58 | €70,634 | €238,438 | +€167,804 | +237.6% |
| Deferred charges and accrued income | 490/1 | €3,616 | €3,343 | -€273 | -7.5% |
| Total equity and liabilities | 10/49 | €241,553 | €346,475 | +€104,921 | +43.4% |
| Equity | 10/15 | €189,232 | €288,367 | +€99,136 | +52.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,232 | €285,367 | +€99,136 | +53.2% |
| Amounts payable | 17/49 | €52,322 | €58,107 | +€5,786 | +11.1% |
| Amounts payable after more than one year | 17 | €11,815 | €5,679 | -€6,137 | -51.9% |
| Financial debts | 170/4 | €11,815 | €5,679 | -€6,137 | -51.9% |
| Amounts payable within one year | 42/48 | €40,506 | €52,429 | +€11,922 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | €6,137 | +€60 | +1.0% |
| Trade debts | 44 | €13,258 | €18,887 | +€5,628 | +42.5% |
| Suppliers | 440/4 | €13,258 | €18,887 | +€5,628 | +42.5% |
| Taxes, remuneration and social security | 45 | €13,064 | €13,843 | +€780 | +6.0% |
| Taxes | 450/3 | €10,093 | €10,093 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,970 | €3,750 | +€780 | +26.2% |
| Other amounts payable | 47/48 | €8,107 | €13,562 | +€5,454 | +67.3% |
| Remuneration, social security and pensions | 62 | €19,154 | €42,522 | +€23,369 | +122.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,711 | €10,373 | +€662 | +6.8% |
| Other operating charges | 640/8 | €388 | €598 | +€209 | +53.9% |
| Gross operating margin | 9900 | €188,481 | €186,977 | -€1,504 | -0.8% |
| Operating profit (loss) | 9901 | €159,228 | €133,484 | -€25,744 | -16.2% |
| Financial income | 75/76B | €426 | €128 | -€297 | -69.9% |
| Recurring financial income | 75 | €426 | €128 | -€297 | -69.9% |
| Financial charges | 65/66B | €269 | €209 | -€60 | -22.4% |
| Recurring financial charges | 65 | €269 | €209 | -€60 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €159,385 | €133,403 | -€25,981 | -16.3% |
| Income taxes | 67/77 | €40,473 | €34,268 | -€6,206 | -15.3% |
| Profit (loss) for the period | 9904 | €118,911 | €99,136 | -€19,776 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,911 | €99,136 | -€19,776 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.