VIVENDI PROJECTS: 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.
VIVENDI PROJECTS
Largest movements
- Deferred charges and accrued income -€237,684
down €237,684 (-97.2%), from €244,480 to €6,796
- Financial fixed assets +€39,492
up €39,492, from €0 to €39,492
- Receivables within one year +€11,876
up €11,876 (+8.7%), from €136,064 to €147,940
of which Trade receivables: +€26,933
- Cash +€5,615
up €5,615 (+65.1%), from €8,632 to €14,248
mainly Deferred charges and accrued income (+€237,684) and Tax, wage and social debts (+€50,394)
- Trade debts -€219,454
down €219,454 (-81.3%), from €270,050 to €50,595
- Tax, wage and social debts +€50,394
up €50,394 (+17,374%), from €290 to €50,684
of which Taxes: +€50,394
- Profit (loss) carried forward -€26,748
down €26,748 (-40.8%), from €65,546 to €38,798
- Accrued charges and deferred income +€16,848
up €16,848, from €0 to €16,848
- Gross operating margin +€89,510
up €89,510 (+89.5%), from -€99,994 to -€10,484
- Taxes +€10,205
up €10,205, from -€9,999 to €206
- Other operating charges -€8,106
down €8,106 (-88.0%), from €9,215 to €1,109
- Financial charges -€7,784
down €7,784 (-40.2%), from €19,385 to €11,601
- Depreciation +€1,553
up €1,553 (+64.0%), from €2,428 to €3,981
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 | €398,855 | €218,458 | -€180,397 | -45.2% |
| Fixed assets | 21/28 | €9,679 | €49,474 | +€39,795 | +411% |
| Tangible fixed assets | 22/27 | €9,679 | €9,982 | +€303 | +3.1% |
| Plant, machinery and equipment | 23 | €834 | €461 | -€373 | -44.7% |
| Furniture and vehicles | 24 | €8,845 | €9,521 | +€676 | +7.6% |
| Financial fixed assets | 28 | €0 | €39,492 | +€39,492 | |
| Current assets | 29/58 | €389,176 | €168,984 | -€220,192 | -56.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €136,064 | €147,940 | +€11,876 | +8.7% |
| Trade receivables | 40 | €114,969 | €141,902 | +€26,933 | +23.4% |
| Other amounts receivable | 41 | €21,095 | €6,038 | -€15,057 | -71.4% |
| Cash at bank and in hand | 54/58 | €8,632 | €14,248 | +€5,615 | +65.1% |
| Deferred charges and accrued income | 490/1 | €244,480 | €6,796 | -€237,684 | -97.2% |
| Total equity and liabilities | 10/49 | €398,855 | €218,458 | -€180,397 | -45.2% |
| Equity | 10/15 | €78,516 | €51,768 | -€26,748 | -34.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €570 | €570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €570 | €570 | = | 0.0% |
| Reserves not available under the articles | 1311 | €570 | €570 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,546 | €38,798 | -€26,748 | -40.8% |
| Amounts payable | 17/49 | €320,340 | €166,690 | -€153,650 | -48.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €320,340 | €149,842 | -€170,498 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,000 | €48,563 | -€1,437 | -2.9% |
| Credit institutions | 430/8 | €50,000 | €48,563 | -€1,437 | -2.9% |
| Trade debts | 44 | €270,050 | €50,595 | -€219,454 | -81.3% |
| Suppliers | 440/4 | €270,050 | €50,595 | -€219,454 | -81.3% |
| Taxes, remuneration and social security | 45 | €290 | €50,684 | +€50,394 | +17,374% |
| Taxes | 450/3 | €290 | €50,684 | +€50,394 | +17,374% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €16,848 | +€16,848 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,428 | €3,981 | +€1,553 | +64.0% |
| Other operating charges | 640/8 | €9,215 | €1,109 | -€8,106 | -88.0% |
| Gross operating margin | 9900 | -€99,994 | -€10,484 | +€89,510 | +89.5% |
| Operating profit (loss) | 9901 | -€111,637 | -€15,575 | +€96,062 | +86.0% |
| Financial income | 75/76B | €0 | €634 | +€634 | |
| Recurring financial income | 75 | €0 | €634 | +€634 | |
| Financial charges | 65/66B | €19,385 | €11,601 | -€7,784 | -40.2% |
| Recurring financial charges | 65 | €19,385 | €11,601 | -€7,784 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€131,022 | -€26,542 | +€104,481 | +79.7% |
| Income taxes | 67/77 | -€9,999 | €206 | +€10,205 | |
| Profit (loss) for the period | 9904 | -€121,023 | -€26,748 | +€94,276 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,023 | -€26,748 | +€94,276 | +77.9% |
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 18 October 2026 via checked.be.