VIVITUS: 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.
VIVITUS
Largest movements
- Tangible fixed assets +€671,583
up €671,583 (+25.3%), from €2.7m to €3.3m
of which Land and buildings: +€2.1m
- Current investments -€172,000
down €172,000 (-100.0%), from €172,000 to €0
- Cash -€96,506
down €96,506 (-94.3%), from €102,353 to €5,848
mainly Investment in fixed assets (net) (-€780,473) and Net result for the year (-€178,664)
- Debts after one year +€639,109
up €639,109 (+30.3%), from €2.1m to €2.7m
of which Other amounts payable: +€639,109
- Reserves -€178,664
down €178,664 (-76.2%), from €234,536 to €55,872
- Trade debts -€50,451
down €50,451 (-84.7%), from €59,589 to €9,137
- Depreciation +€76,272
up €76,272 (+214.1%), from €35,619 to €111,890
- Gross operating margin -€19,996
down €19,996 (-49.4%), from -€40,468 to -€60,464
- Financial income -€3,344
down €3,344 (-79.2%), from €4,221 to €878
- Other operating charges +€1,607
up €1,607 (+34.1%), from €4,710 to €6,317
- Taxes -€1,236
down €1,236 (-67.3%), from €1,837 to €601
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 | €2,952,535 | €3,366,099 | +€413,564 | +14.0% |
| Fixed assets | 21/28 | €2,664,558 | €3,333,140 | +€668,583 | +25.1% |
| Tangible fixed assets | 22/27 | €2,658,658 | €3,330,240 | +€671,583 | +25.3% |
| Land and buildings | 22 | €935,561 | €3,063,238 | +€2.1m | +227.4% |
| Plant, machinery and equipment | 23 | €82,744 | €168,866 | +€86,122 | +104.1% |
| Furniture and vehicles | 24 | €32,071 | €98,137 | +€66,065 | +206.0% |
| Assets under construction and advance payments | 27 | €1,608,282 | €0 | -€1.6m | -100.0% |
| Financial fixed assets | 28 | €5,900 | €2,900 | -€3,000 | -50.8% |
| Current assets | 29/58 | €287,978 | €32,958 | -€255,019 | -88.6% |
| Stocks and contracts in progress | 3 | - | €844 | +€844 | |
| Stocks | 30/36 | - | €844 | +€844 | |
| Amounts receivable within one year | 40/41 | €1,907 | €17,657 | +€15,750 | +826.1% |
| Trade receivables | 40 | €0 | €14,197 | +€14,197 | |
| Other amounts receivable | 41 | €1,907 | €3,460 | +€1,553 | +81.5% |
| Current investments | 50/53 | €172,000 | €0 | -€172,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €102,353 | €5,848 | -€96,506 | -94.3% |
| Deferred charges and accrued income | 490/1 | €11,717 | €8,610 | -€3,108 | -26.5% |
| Total equity and liabilities | 10/49 | €2,952,535 | €3,366,099 | +€413,564 | +14.0% |
| Equity | 10/15 | €764,536 | €585,872 | -€178,664 | -23.4% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Reserves | 13 | €234,536 | €55,872 | -€178,664 | -76.2% |
| Distributable reserves | 133 | €234,536 | €55,872 | -€178,664 | -76.2% |
| Amounts payable | 17/49 | €2,187,999 | €2,780,226 | +€592,227 | +27.1% |
| Amounts payable after more than one year | 17 | €2,109,581 | €2,748,690 | +€639,109 | +30.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €2,109,581 | €2,748,690 | +€639,109 | +30.3% |
| Amounts payable within one year | 42/48 | €78,418 | €31,536 | -€46,882 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €9,038 | €0 | -€9,038 | -100.0% |
| Trade debts | 44 | €59,589 | €9,137 | -€50,451 | -84.7% |
| Suppliers | 440/4 | €59,589 | €9,137 | -€50,451 | -84.7% |
| Advances received on contracts in progress | 46 | - | €12,400 | +€12,400 | |
| Taxes, remuneration and social security | 45 | €9,792 | €9,999 | +€207 | +2.1% |
| Taxes | 450/3 | €9,792 | €9,999 | +€207 | +2.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,619 | €111,890 | +€76,272 | +214.1% |
| Other operating charges | 640/8 | €4,710 | €6,317 | +€1,607 | +34.1% |
| Gross operating margin | 9900 | -€40,468 | -€60,464 | -€19,996 | -49.4% |
| Operating profit (loss) | 9901 | -€80,796 | -€178,671 | -€97,875 | -121.1% |
| Financial income | 75/76B | €4,221 | €878 | -€3,344 | -79.2% |
| Recurring financial income | 75 | €4,221 | €878 | -€3,344 | -79.2% |
| Financial charges | 65/66B | €829 | €269 | -€560 | -67.5% |
| Recurring financial charges | 65 | €829 | €269 | -€560 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | -€77,404 | -€178,063 | -€100,659 | -130.0% |
| Income taxes | 67/77 | €1,837 | €601 | -€1,236 | -67.3% |
| Profit (loss) for the period | 9904 | -€79,241 | -€178,664 | -€99,423 | -125.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,241 | -€178,664 | -€99,423 | -125.5% |
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 8 October 2026 via checked.be.