VIVES PARTNERS: 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.
VIVES PARTNERS
Largest movements
- Receivables within one year -€121,450
down €121,450 (-96.1%), from €126,395 to €4,944
of which Trade receivables: -€121,660
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Cash +€98,315
up €98,315 (+272%), from €36,174 to €134,489
mainly Receivables within one year (+€121,450) and Trade debts (+€73,587)
- Financial fixed assets +€7,220
up €7,220 (+24.1%), from €29,977 to €37,197
- Deferred charges and accrued income -€6,695
down €6,695 (-85.6%), from €7,823 to €1,128
- Trade debts +€73,587
up €73,587 (+418%), from €17,616 to €91,203
- Gross operating margin -€414,508
down €414,508 (-93.0%), from €445,634 to €31,126
- Taxes -€110,778
down €110,778 (-99.3%), from €111,547 to €769
- Staff costs +€30,546
new in 2025: €30,546
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 | €462,490 | €537,587 | +€75,098 | +16.2% |
| Fixed assets | 21/28 | €42,099 | €47,027 | +€4,928 | +11.7% |
| Tangible fixed assets | 22/27 | €12,122 | €9,830 | -€2,292 | -18.9% |
| Furniture and vehicles | 24 | €2,748 | €2,704 | -€44 | -1.6% |
| Other tangible fixed assets | 26 | €9,373 | €7,125 | -€2,248 | -24.0% |
| Financial fixed assets | 28 | €29,977 | €37,197 | +€7,220 | +24.1% |
| Current assets | 29/58 | €420,391 | €490,560 | +€70,170 | +16.7% |
| Amounts receivable within one year | 40/41 | €126,395 | €4,944 | -€121,450 | -96.1% |
| Trade receivables | 40 | €126,395 | €4,734 | -€121,660 | -96.3% |
| Other amounts receivable | 41 | - | €210 | +€210 | |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €36,174 | €134,489 | +€98,315 | +272% |
| Deferred charges and accrued income | 490/1 | €7,823 | €1,128 | -€6,695 | -85.6% |
| Total equity and liabilities | 10/49 | €462,490 | €537,587 | +€75,098 | +16.2% |
| Equity | 10/15 | €333,750 | €332,213 | -€1,537 | -0.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €331,750 | €330,213 | -€1,537 | -0.5% |
| Distributable reserves | 133 | €331,750 | €330,213 | -€1,537 | -0.5% |
| Amounts payable | 17/49 | €128,740 | €205,374 | +€76,634 | +59.5% |
| Amounts payable within one year | 42/48 | €128,740 | €205,374 | +€76,634 | +59.5% |
| Trade debts | 44 | €17,616 | €91,203 | +€73,587 | +418% |
| Suppliers | 440/4 | €17,616 | €91,203 | +€73,587 | +418% |
| Taxes, remuneration and social security | 45 | €111,123 | €114,171 | +€3,047 | +2.7% |
| Taxes | 450/3 | €111,123 | €111,123 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €3,047 | +€3,047 | |
| Remuneration, social security and pensions | 62 | - | €30,546 | +€30,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €3,911 | +€895 | +29.7% |
| Other operating charges | 640/8 | €387 | €480 | +€92 | +23.9% |
| Gross operating margin | 9900 | €445,634 | €31,126 | -€414,508 | -93.0% |
| Operating profit (loss) | 9901 | €442,230 | -€3,811 | -€446,041 | |
| Financial income | 75/76B | €1,412 | €3,462 | +€2,050 | +145% |
| Recurring financial income | 75 | €1,412 | €3,462 | +€2,050 | +145% |
| Financial charges | 65/66B | €346 | €419 | +€74 | +21.3% |
| Recurring financial charges | 65 | €346 | €419 | +€74 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €443,297 | -€767 | -€444,064 | |
| Income taxes | 67/77 | €111,547 | €769 | -€110,778 | -99.3% |
| Profit (loss) for the period | 9904 | €331,750 | -€1,537 | -€333,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €331,750 | -€1,537 | -€333,286 |
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 19 October 2026 via checked.be.