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
- Receivables within one year +€18,039
up €18,039 (+50.7%), from €35,582 to €53,621
of which Other amounts receivable: +€38,573
- Tangible fixed assets +€2,897
new in 2025: €2,897
- Deferred charges and accrued income +€1,414
up €1,414 (+369.0%), from €383 to €1,797
- Cash -€855
down €855 (-7.4%), from €11,578 to €10,723
mainly Receivables within one year (-€18,039) and Investment in fixed assets (net) (-€3,336)
- Reserves +€21,805
up €21,805 (+62.3%), from €35,003 to €56,808
- Gross operating margin +€7,688
up €7,688 (+32.4%), from €23,765 to €31,454
- Taxes +€1,018
up €1,018 (+15.6%), from €6,512 to €7,530
- Financial income +€695
up €695 (+178.9%), from €388 to €1,083
- Depreciation +€439
new in 2025: €439
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 | €55,943 | €77,439 | +€21,496 | +38.4% |
| Fixed assets | 21/28 | €400 | €3,297 | +€2,897 | +724.3% |
| Tangible fixed assets | 22/27 | - | €2,897 | +€2,897 | |
| Other tangible fixed assets | 26 | - | €2,897 | +€2,897 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €55,543 | €74,141 | +€18,598 | +33.5% |
| Amounts receivable after more than one year | 29 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,582 | €53,621 | +€18,039 | +50.7% |
| Trade receivables | 40 | €33,360 | €12,826 | -€20,534 | -61.6% |
| Other amounts receivable | 41 | €2,222 | €40,795 | +€38,573 | +1735.6% |
| Cash at bank and in hand | 54/58 | €11,578 | €10,723 | -€855 | -7.4% |
| Deferred charges and accrued income | 490/1 | €383 | €1,797 | +€1,414 | +369.0% |
| Total equity and liabilities | 10/49 | €55,943 | €77,439 | +€21,496 | +38.4% |
| Equity | 10/15 | €36,503 | €58,308 | +€21,805 | +59.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €35,003 | €56,808 | +€21,805 | +62.3% |
| Distributable reserves | 133 | €35,003 | €56,808 | +€21,805 | +62.3% |
| Amounts payable | 17/49 | €19,439 | €19,130 | -€309 | -1.6% |
| Amounts payable within one year | 42/48 | €18,883 | €18,574 | -€309 | -1.6% |
| Financial debts | 43 | €0 | €279 | +€279 | |
| Credit institutions | 430/8 | €0 | €279 | +€279 | |
| Trade debts | 44 | €3,598 | €3,414 | -€184 | -5.1% |
| Suppliers | 440/4 | €3,598 | €3,414 | -€184 | -5.1% |
| Taxes, remuneration and social security | 45 | €15,286 | €14,881 | -€405 | -2.6% |
| Taxes | 450/3 | €12,281 | €11,854 | -€427 | -3.5% |
| Remuneration and social security | 454/9 | €3,005 | €3,027 | +€23 | +0.8% |
| Accrued charges and deferred income | 492/3 | €556 | €556 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €439 | +€439 | |
| Other operating charges | 640/8 | €652 | €520 | -€133 | -20.3% |
| Gross operating margin | 9900 | €23,765 | €31,454 | +€7,688 | +32.4% |
| Operating profit (loss) | 9901 | €23,113 | €30,495 | +€7,382 | +31.9% |
| Financial income | 75/76B | €388 | €1,083 | +€695 | +178.9% |
| Recurring financial income | 75 | €388 | €1,083 | +€695 | +178.9% |
| Financial charges | 65/66B | €2,302 | €2,244 | -€58 | -2.5% |
| Recurring financial charges | 65 | €2,302 | €2,244 | -€58 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €21,200 | €29,335 | +€8,135 | +38.4% |
| Income taxes | 67/77 | €6,512 | €7,530 | +€1,018 | +15.6% |
| Profit (loss) for the period | 9904 | €14,688 | €21,805 | +€7,117 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | €21,805 | +€7,117 | +48.5% |
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.