Vivesco: 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.
Vivesco
Largest movements
- Cash +€9,898
up €9,898 (+207.3%), from €4,774 to €14,671
mainly Net result for the year (+€14,074) and Depreciation (+€9,319)
- Tangible fixed assets -€9,319
down €9,319 (-29.9%), from €31,190 to €21,871
- Receivables within one year -€8,344
down €8,344 (-4.5%), from €184,068 to €175,724
of which Other amounts receivable: -€9,704
- Deferred charges and accrued income +€3,808
up €3,808 (+247.6%), from €1,538 to €5,346
- Profit (loss) carried forward +€14,074
up €14,074 (+10.4%), from -€134,926 to -€120,852
- Debts after one year -€10,409
down €10,409 (-37.0%), from €28,117 to €17,708
- Trade debts -€5,318
down €5,318 (-72.8%), from €7,305 to €1,988
- Tax, wage and social debts -€2,932
down €2,932 (-28.7%), from €10,226 to €7,294
- Gross operating margin +€107,852
up €107,852, from -€80,848 to €27,004
- Financial charges -€856
down €856 (-28.6%), from €2,989 to €2,133
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 | €221,629 | €217,672 | -€3,957 | -1.8% |
| Fixed assets | 21/28 | €31,250 | €21,931 | -€9,319 | -29.8% |
| Tangible fixed assets | 22/27 | €31,190 | €21,871 | -€9,319 | -29.9% |
| Furniture and vehicles | 24 | €31,190 | €21,871 | -€9,319 | -29.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €190,379 | €195,741 | +€5,362 | +2.8% |
| Amounts receivable within one year | 40/41 | €184,068 | €175,724 | -€8,344 | -4.5% |
| Trade receivables | 40 | €2,927 | €4,288 | +€1,361 | +46.5% |
| Other amounts receivable | 41 | €181,140 | €171,436 | -€9,704 | -5.4% |
| Cash at bank and in hand | 54/58 | €4,774 | €14,671 | +€9,898 | +207.3% |
| Deferred charges and accrued income | 490/1 | €1,538 | €5,346 | +€3,808 | +247.6% |
| Total equity and liabilities | 10/49 | €221,629 | €217,672 | -€3,957 | -1.8% |
| Equity | 10/15 | €166,133 | €180,207 | +€14,074 | +8.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €300,059 | €300,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,069 | €36,069 | = | 0.0% |
| Distributable reserves | 133 | €263,990 | €263,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,926 | -€120,852 | +€14,074 | +10.4% |
| Amounts payable | 17/49 | €55,496 | €37,466 | -€18,031 | -32.5% |
| Amounts payable after more than one year | 17 | €28,117 | €17,708 | -€10,409 | -37.0% |
| Financial debts | 170/4 | €28,117 | €17,708 | -€10,409 | -37.0% |
| Amounts payable within one year | 42/48 | €27,379 | €19,757 | -€7,621 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €9,848 | €10,409 | +€562 | +5.7% |
| Financial debts | 43 | - | €67 | +€67 | |
| Credit institutions | 430/8 | - | €67 | +€67 | |
| Trade debts | 44 | €7,305 | €1,988 | -€5,318 | -72.8% |
| Suppliers | 440/4 | €7,305 | €1,988 | -€5,318 | -72.8% |
| Taxes, remuneration and social security | 45 | €10,226 | €7,294 | -€2,932 | -28.7% |
| Taxes | 450/3 | €10,226 | €7,294 | -€2,932 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,810 | €9,319 | -€491 | -5.0% |
| Other operating charges | 640/8 | €1,490 | €1,479 | -€11 | -0.7% |
| Gross operating margin | 9900 | -€80,848 | €27,004 | +€107,852 | |
| Operating profit (loss) | 9901 | -€92,148 | €16,205 | +€108,354 | |
| Financial income | 75/76B | €106 | €2 | -€104 | -98.5% |
| Recurring financial income | 75 | €106 | €2 | -€104 | -98.5% |
| Financial charges | 65/66B | €2,989 | €2,133 | -€856 | -28.6% |
| Recurring financial charges | 65 | €2,989 | €2,133 | -€856 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | -€95,031 | €14,074 | +€109,105 | |
| Profit (loss) for the period | 9904 | -€95,031 | €14,074 | +€109,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€95,031 | €14,074 | +€109,105 |
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 5 October 2026 via checked.be.