VIVEM: 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.
VIVEM
Largest movements
- Stocks and contracts -€109,400
down €109,400 (-16.5%), from €664,573 to €555,173
- Cash +€97,258
up €97,258 (+873%), from €11,141 to €108,398
mainly Stocks and contracts (+€109,400) and Other debts (+€91,125)
- Short-term financial debts -€160,015
down €160,015 (-35.5%), from €451,015 to €291,000
- Other debts +€91,125
up €91,125 (+42.5%), from €214,500 to €305,625
- Tax, wage and social debts +€54,476
up €54,476 (+40,085%), from €136 to €54,612
- Gross operating margin +€24,567
up €24,567 (+1,841%), from €1,335 to €25,902
- Financial charges +€22,969
up €22,969 (+9,706%), from €237 to €23,206
- Taxes +€492
up €492 (+362%), from €136 to €628
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 | €678,557 | €665,585 | -€12,971 | -1.9% |
| Current assets | 29/58 | €678,557 | €665,585 | -€12,971 | -1.9% |
| Stocks and contracts in progress | 3 | €664,573 | €555,173 | -€109,400 | -16.5% |
| Stocks | 30/36 | €664,573 | €555,173 | -€109,400 | -16.5% |
| Amounts receivable within one year | 40/41 | €2,843 | €2,014 | -€829 | -29.2% |
| Trade receivables | 40 | - | €2,014 | +€2,014 | |
| Other amounts receivable | 41 | €2,843 | - | -€2,843 | |
| Cash at bank and in hand | 54/58 | €11,141 | €108,398 | +€97,258 | +873% |
| Total equity and liabilities | 10/49 | €678,557 | €665,585 | -€12,971 | -1.9% |
| Equity | 10/15 | €12,625 | €14,349 | +€1,724 | +13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,625 | €11,349 | +€1,724 | +17.9% |
| Distributable reserves | 133 | €9,625 | €11,349 | +€1,724 | +17.9% |
| Amounts payable | 17/49 | €665,932 | €651,237 | -€14,695 | -2.2% |
| Amounts payable within one year | 42/48 | €665,932 | €651,237 | -€14,695 | -2.2% |
| Financial debts | 43 | €451,015 | €291,000 | -€160,015 | -35.5% |
| Credit institutions | 430/8 | €451,015 | €291,000 | -€160,015 | -35.5% |
| Trade debts | 44 | €281 | - | -€281 | |
| Suppliers | 440/4 | €281 | - | -€281 | |
| Taxes, remuneration and social security | 45 | €136 | €54,612 | +€54,476 | +40,085% |
| Taxes | 450/3 | €136 | €54,612 | +€54,476 | +40,085% |
| Other amounts payable | 47/48 | €214,500 | €305,625 | +€91,125 | +42.5% |
| Other operating charges | 640/8 | €599 | €345 | -€254 | -42.4% |
| Gross operating margin | 9900 | €1,335 | €25,902 | +€24,567 | +1,841% |
| Operating profit (loss) | 9901 | €735 | €25,556 | +€24,821 | +3,375% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €237 | €23,206 | +€22,969 | +9,706% |
| Recurring financial charges | 65 | €237 | €23,206 | +€22,969 | +9,706% |
| Profit (loss) for the period before taxes | 9903 | €499 | €2,351 | +€1,853 | +371% |
| Income taxes | 67/77 | €136 | €628 | +€492 | +362% |
| Profit (loss) for the period | 9904 | €363 | €1,724 | +€1,361 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €363 | €1,724 | +€1,361 | +375% |
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 15 October 2026 via checked.be.