VIVICO: 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.
VIVICO
Largest movements
- Cash +€24,039
up €24,039 (+8.0%), from €299,172 to €323,211
mainly Depreciation (+€47,157) and Trade debts (+€34,823)
- Receivables within one year +€19,247
up €19,247 (+48.7%), from €39,492 to €58,739
of which Other amounts receivable: +€33,114
- Tangible fixed assets -€18,783
down €18,783 (-13.3%), from €141,534 to €122,751
of which Plant, machinery and equipment: -€15,013
- Stocks and contracts -€12,514
down €12,514 (-48.7%), from €25,707 to €13,193
- Trade debts +€34,823
up €34,823 (+36.2%), from €96,128 to €130,951
- Tax, wage and social debts +€15,878
up €15,878 (+20.4%), from €77,882 to €93,760
of which Remuneration and social security: +€20,160
- Other debts -€13,300
no longer reported in 2025 (was €13,300)
- Profit (loss) carried forward -€8,706
down €8,706 (-8.5%), from €101,937 to €93,231
- Current portion of long-term debt -€6,952
down €6,952 (-23.8%), from €29,157 to €22,205
- Gross operating margin -€67,519
down €67,519 (-7.0%), from €957,853 to €890,334
- Staff costs -€41,590
down €41,590 (-4.7%), from €881,976 to €840,386
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 | €517,378 | €532,991 | +€15,613 | +3.0% |
| Fixed assets | 21/28 | €141,534 | €122,751 | -€18,783 | -13.3% |
| Tangible fixed assets | 22/27 | €141,534 | €122,751 | -€18,783 | -13.3% |
| Plant, machinery and equipment | 23 | €130,694 | €115,681 | -€15,013 | -11.5% |
| Furniture and vehicles | 24 | €10,840 | €7,070 | -€3,770 | -34.8% |
| Current assets | 29/58 | €375,844 | €410,240 | +€34,396 | +9.2% |
| Stocks and contracts in progress | 3 | €25,707 | €13,193 | -€12,514 | -48.7% |
| Stocks | 30/36 | €25,707 | €13,193 | -€12,514 | -48.7% |
| Amounts receivable within one year | 40/41 | €39,492 | €58,739 | +€19,247 | +48.7% |
| Trade receivables | 40 | €17,455 | €3,588 | -€13,867 | -79.4% |
| Other amounts receivable | 41 | €22,037 | €55,151 | +€33,114 | +150% |
| Cash at bank and in hand | 54/58 | €299,172 | €323,211 | +€24,039 | +8.0% |
| Deferred charges and accrued income | 490/1 | €11,473 | €15,097 | +€3,624 | +31.6% |
| Total equity and liabilities | 10/49 | €517,378 | €532,991 | +€15,613 | +3.0% |
| Equity | 10/15 | €300,911 | €286,075 | -€14,836 | -4.9% |
| Contributions | 10/11 | €23,332 | €23,332 | = | 0.0% |
| Reserves | 13 | €149,004 | €149,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €140,142 | +€140,142 | |
| Other | 1319 | - | €140,142 | +€140,142 | |
| Tax-exempt reserves | 132 | €8,510 | €8,510 | = | 0.0% |
| Distributable reserves | 133 | €140,494 | €352 | -€140,142 | -99.7% |
| Profit (loss) carried forward | 14 | €101,937 | €93,231 | -€8,706 | -8.5% |
| Investment grants | 15 | €26,638 | €20,508 | -€6,130 | -23.0% |
| Amounts payable | 17/49 | €216,467 | €246,916 | +€30,449 | +14.1% |
| Amounts payable within one year | 42/48 | €216,467 | €246,916 | +€30,449 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €29,157 | €22,205 | -€6,952 | -23.8% |
| Trade debts | 44 | €96,128 | €130,951 | +€34,823 | +36.2% |
| Suppliers | 440/4 | €96,128 | €130,951 | +€34,823 | +36.2% |
| Taxes, remuneration and social security | 45 | €77,882 | €93,760 | +€15,878 | +20.4% |
| Taxes | 450/3 | €34,794 | €30,512 | -€4,282 | -12.3% |
| Remuneration and social security | 454/9 | €43,088 | €63,248 | +€20,160 | +46.8% |
| Other amounts payable | 47/48 | €13,300 | - | -€13,300 | |
| Remuneration, social security and pensions | 62 | €881,976 | €840,386 | -€41,590 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,428 | €47,157 | +€8,729 | +22.7% |
| Other operating charges | 640/8 | €4,297 | €3,881 | -€416 | -9.7% |
| Gross operating margin | 9900 | €957,853 | €890,334 | -€67,519 | -7.0% |
| Operating profit (loss) | 9901 | €33,152 | -€1,090 | -€34,242 | |
| Financial income | 75/76B | €9,018 | €6,392 | -€2,626 | -29.1% |
| Recurring financial income | 75 | €9,018 | €6,392 | -€2,626 | -29.1% |
| Financial charges | 65/66B | €16,651 | €15,345 | -€1,306 | -7.8% |
| Recurring financial charges | 65 | €16,651 | €15,345 | -€1,306 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €25,519 | -€10,043 | -€35,562 | |
| Income taxes | 67/77 | €6,168 | -€1,337 | -€7,505 | |
| Profit (loss) for the period | 9904 | €19,351 | -€8,706 | -€28,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,351 | -€8,706 | -€28,057 |
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 15 October 2026 via checked.be.