VIVO Partners: what changed
VIVO Partners
Largest movements
- Cash -€11,302
down €11,302 (-36.3%), from €31,145 to €19,843
mainly Other debts (-€10,704) and Net result for the year (-€10,572)
- Receivables within one year -€7,539
down €7,539 (-95.3%), from €7,912 to €373
of which Other amounts receivable: -€7,415
- Other debts -€10,704
down €10,704 (-7.9%), from €134,828 to €124,124
- Profit (loss) carried forward -€10,572
down €10,572 (-5.6%), from -€189,315 to -€199,887
- Trade debts +€4,769
up €4,769 (+220%), from €2,168 to €6,937
- Current portion of long-term debt -€2,031
no longer reported in 2025 (was €2,031)
- Gross operating margin +€51,708
up €51,708 (+85.1%), from -€60,772 to -€9,064
- Financial charges -€5,374
down €5,374 (-96.1%), from €5,592 to €218
- Other operating charges -€911
down €911 (-50.8%), from €1,791 to €881
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,057 | €20,216 | -€18,841 | -48.2% |
| Current assets | 29/58 | €39,057 | €20,216 | -€18,841 | -48.2% |
| Amounts receivable within one year | 40/41 | €7,912 | €373 | -€7,539 | -95.3% |
| Trade receivables | 40 | €494 | €370 | -€124 | -25.1% |
| Other amounts receivable | 41 | €7,418 | €3 | -€7,415 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,145 | €19,843 | -€11,302 | -36.3% |
| Total equity and liabilities | 10/49 | €39,057 | €20,216 | -€18,841 | -48.2% |
| Equity | 10/15 | -€101,255 | -€111,827 | -€10,572 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,860 | €81,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,315 | -€199,887 | -€10,572 | -5.6% |
| Amounts payable | 17/49 | €140,312 | €132,043 | -€8,269 | -5.9% |
| Amounts payable within one year | 42/48 | €140,312 | €132,043 | -€8,269 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €2,031 | - | -€2,031 | |
| Trade debts | 44 | €2,168 | €6,937 | +€4,769 | +220% |
| Suppliers | 440/4 | €2,168 | €6,937 | +€4,769 | +220% |
| Taxes, remuneration and social security | 45 | €1,285 | €982 | -€303 | -23.6% |
| Taxes | 450/3 | €1,285 | €982 | -€303 | -23.6% |
| Other amounts payable | 47/48 | €134,828 | €124,124 | -€10,704 | -7.9% |
| Other operating charges | 640/8 | €1,791 | €881 | -€911 | -50.8% |
| Gross operating margin | 9900 | -€60,772 | -€9,064 | +€51,708 | +85.1% |
| Operating profit (loss) | 9901 | -€62,563 | -€9,944 | +€52,619 | +84.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €5,592 | €218 | -€5,374 | -96.1% |
| Recurring financial charges | 65 | €5,592 | €218 | -€5,374 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€68,155 | -€10,160 | +€57,995 | +85.1% |
| Income taxes | 67/77 | €570 | €412 | -€158 | -27.7% |
| Profit (loss) for the period | 9904 | -€68,725 | -€10,572 | +€58,153 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,725 | -€10,572 | +€58,153 | +84.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.