VIVICARIS: 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.
VIVICARIS
Largest movements
- Receivables within one year -€196,351
down €196,351 (-41.8%), from €469,739 to €273,388
of which Other amounts receivable: -€193,076
- Cash -€20,444
down €20,444 (-38.2%), from €53,470 to €33,027
mainly Other debts (-€134,495) and Trade debts (-€76,260)
- Other debts -€134,495
down €134,495 (-81.7%), from €164,590 to €30,095
- Trade debts -€76,260
down €76,260 (-33.9%), from €224,827 to €148,568
- Staff costs +€69,666
up €69,666 (+11.3%), from €616,326 to €685,992
- Gross operating margin -€11,542
down €11,542 (-1.6%), from €713,408 to €701,866
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 | €580,519 | €363,692 | -€216,826 | -37.4% |
| Fixed assets | 21/28 | €40,513 | €37,053 | -€3,460 | -8.5% |
| Tangible fixed assets | 22/27 | €40,513 | €37,053 | -€3,460 | -8.5% |
| Plant, machinery and equipment | 23 | €27,827 | €27,653 | -€173 | -0.6% |
| Furniture and vehicles | 24 | €12,687 | €9,400 | -€3,287 | -25.9% |
| Current assets | 29/58 | €540,005 | €326,639 | -€213,366 | -39.5% |
| Stocks and contracts in progress | 3 | €13,715 | €14,898 | +€1,182 | +8.6% |
| Stocks | 30/36 | €13,715 | €14,898 | +€1,182 | +8.6% |
| Amounts receivable within one year | 40/41 | €469,739 | €273,388 | -€196,351 | -41.8% |
| Trade receivables | 40 | €3,744 | €469 | -€3,275 | -87.5% |
| Other amounts receivable | 41 | €465,995 | €272,919 | -€193,076 | -41.4% |
| Cash at bank and in hand | 54/58 | €53,470 | €33,027 | -€20,444 | -38.2% |
| Deferred charges and accrued income | 490/1 | €3,081 | €5,327 | +€2,246 | +72.9% |
| Total equity and liabilities | 10/49 | €580,519 | €363,692 | -€216,826 | -37.4% |
| Equity | 10/15 | €131,701 | €127,756 | -€3,946 | -3.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,701 | €5,756 | -€3,946 | -40.7% |
| Amounts payable | 17/49 | €448,817 | €235,937 | -€212,880 | -47.4% |
| Amounts payable within one year | 42/48 | €443,980 | €235,937 | -€208,044 | -46.9% |
| Trade debts | 44 | €224,827 | €148,568 | -€76,260 | -33.9% |
| Suppliers | 440/4 | €224,827 | €148,568 | -€76,260 | -33.9% |
| Taxes, remuneration and social security | 45 | €54,563 | €57,274 | +€2,711 | +5.0% |
| Taxes | 450/3 | €8,240 | €1,268 | -€6,972 | -84.6% |
| Remuneration and social security | 454/9 | €46,323 | €56,006 | +€9,683 | +20.9% |
| Other amounts payable | 47/48 | €164,590 | €30,095 | -€134,495 | -81.7% |
| Accrued charges and deferred income | 492/3 | €4,837 | - | -€4,837 | |
| Remuneration, social security and pensions | 62 | €616,326 | €685,992 | +€69,666 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €9,667 | +€1,614 | +20.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €713,408 | €701,866 | -€11,542 | -1.6% |
| Operating profit (loss) | 9901 | €88,642 | €5,807 | -€82,835 | -93.4% |
| Financial income | 75/76B | €1,334 | €827 | -€507 | -38.0% |
| Recurring financial income | 75 | €1,334 | €827 | -€507 | -38.0% |
| Financial charges | 65/66B | €8,668 | €9,312 | +€644 | +7.4% |
| Recurring financial charges | 65 | €8,668 | €9,312 | +€644 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €81,308 | -€2,678 | -€83,986 | |
| Income taxes | 67/77 | €8,240 | €1,268 | -€6,972 | -84.6% |
| Profit (loss) for the period | 9904 | €73,068 | -€3,946 | -€77,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,068 | -€3,946 | -€77,014 |
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 26 October 2026 via checked.be.