Vivo2: 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.
Vivo2
Largest movements
- Receivables within one year -€38,044
down €38,044 (-3.5%), from €1.1m to €1.0m
of which Trade receivables: -€115,751
- Cash -€23,828
down €23,828 (-99.2%), from €24,017 to €189
mainly Trade debts (-€106,961)
- Trade debts -€106,961
down €106,961 (-10.8%), from €986,680 to €879,719
- Profit (loss) carried forward +€25,708
up €25,708 (+147%), from €17,524 to €43,232
- Gross operating margin +€13,134
up €13,134 (+44.8%), from €29,311 to €42,445
- Financial charges +€3,073
up €3,073 (+1,562%), from €197 to €3,270
- Taxes +€2,774
up €2,774 (+63.1%), from €4,393 to €7,167
- Financial income +€1,624
new in 2025: €1,624
- Other operating charges +€584
up €584 (+113%), from €517 to €1,102
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 | €1,165,685 | €1,092,925 | -€72,760 | -6.2% |
| Fixed assets | 21/28 | €49,434 | €42,611 | -€6,823 | -13.8% |
| Intangible fixed assets | 21 | €49,434 | €42,611 | -€6,823 | -13.8% |
| Current assets | 29/58 | €1,116,251 | €1,050,314 | -€65,938 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,085,799 | €1,047,755 | -€38,044 | -3.5% |
| Trade receivables | 40 | €1,052,418 | €936,667 | -€115,751 | -11.0% |
| Other amounts receivable | 41 | €33,381 | €111,088 | +€77,707 | +233% |
| Cash at bank and in hand | 54/58 | €24,017 | €189 | -€23,828 | -99.2% |
| Deferred charges and accrued income | 490/1 | €6,436 | €2,370 | -€4,065 | -63.2% |
| Total equity and liabilities | 10/49 | €1,165,685 | €1,092,925 | -€72,760 | -6.2% |
| Equity | 10/15 | €20,524 | €46,232 | +€25,708 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,524 | €43,232 | +€25,708 | +147% |
| Amounts payable | 17/49 | €1,145,161 | €1,046,693 | -€98,468 | -8.6% |
| Amounts payable within one year | 42/48 | €1,145,161 | €1,046,536 | -€98,625 | -8.6% |
| Trade debts | 44 | €986,680 | €879,719 | -€106,961 | -10.8% |
| Suppliers | 440/4 | €986,680 | €879,719 | -€106,961 | -10.8% |
| Taxes, remuneration and social security | 45 | €4,623 | €9,745 | +€5,122 | +111% |
| Taxes | 450/3 | €4,623 | €9,745 | +€5,122 | +111% |
| Other amounts payable | 47/48 | €153,859 | €157,073 | +€3,214 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,823 | €6,823 | = | 0.0% |
| Other operating charges | 640/8 | €517 | €1,102 | +€584 | +113% |
| Gross operating margin | 9900 | €29,311 | €42,445 | +€13,134 | +44.8% |
| Operating profit (loss) | 9901 | €21,972 | €34,521 | +€12,549 | +57.1% |
| Financial income | 75/76B | - | €1,624 | +€1,624 | |
| Recurring financial income | 75 | - | €1,624 | +€1,624 | |
| Financial charges | 65/66B | €197 | €3,270 | +€3,073 | +1,562% |
| Recurring financial charges | 65 | €197 | €3,270 | +€3,073 | +1,562% |
| Profit (loss) for the period before taxes | 9903 | €21,775 | €32,875 | +€11,100 | +51.0% |
| Income taxes | 67/77 | €4,393 | €7,167 | +€2,774 | +63.1% |
| Profit (loss) for the period | 9904 | €17,382 | €25,708 | +€8,326 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,382 | €25,708 | +€8,326 | +47.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.