VIVALDI Plus: 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.
VIVALDI Plus
Largest movements
- Cash +€10,632
up €10,632 (+55.5%), from €19,144 to €29,776
mainly Depreciation (+€32,025) and Net result for the year (+€20,219)
- Tangible fixed assets +€5,360
up €5,360 (+6.2%), from €86,283 to €91,643
of which Furniture and vehicles: +€13,217
- Receivables within one year +€1,834
up €1,834 (+182%), from €1,010 to €2,844
of which Other amounts receivable: +€1,834
- Profit (loss) carried forward +€20,219
up €20,219 (+32.9%), from €61,382 to €81,601
- Trade debts -€10,519
down €10,519 (-67.8%), from €15,511 to €4,992
- Tax, wage and social debts +€10,484
up €10,484 (+1,019%), from €1,029 to €11,513
of which Remuneration and social security: +€8,304
- Current portion of long-term debt -€2,664
down €2,664 (-65.5%), from €4,068 to €1,405
- Turnover +€68,410
up €68,410 (+15.9%), from €429,775 to €498,185
- Gross operating margin +€32,379
up €32,379 (+19.2%), from €168,388 to €200,767
- Purchases and services +€30,701
up €30,701 (+11.5%), from €266,717 to €297,418
- Staff costs +€23,219
up €23,219 (+19.7%), from €117,883 to €141,103
- Depreciation -€5,328
down €5,328 (-14.3%), from €37,353 to €32,025
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 | €107,629 | €125,150 | +€17,521 | +16.3% |
| Fixed assets | 21/28 | €86,483 | €91,843 | +€5,360 | +6.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €86,283 | €91,643 | +€5,360 | +6.2% |
| Land and buildings | 22 | €1,999 | €6,330 | +€4,331 | +217% |
| Plant, machinery and equipment | 23 | €7,324 | €2,132 | -€5,193 | -70.9% |
| Furniture and vehicles | 24 | €31,041 | €44,257 | +€13,217 | +42.6% |
| Other tangible fixed assets | 26 | €45,920 | €38,924 | -€6,996 | -15.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €21,146 | €33,307 | +€12,161 | +57.5% |
| Stocks and contracts in progress | 3 | €598 | €292 | -€306 | -51.1% |
| Stocks | 30/36 | €598 | €292 | -€306 | -51.1% |
| Amounts receivable within one year | 40/41 | €1,010 | €2,844 | +€1,834 | +182% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,010 | €2,844 | +€1,834 | +182% |
| Cash at bank and in hand | 54/58 | €19,144 | €29,776 | +€10,632 | +55.5% |
| Deferred charges and accrued income | 490/1 | €394 | €394 | = | 0.0% |
| Total equity and liabilities | 10/49 | €107,629 | €125,150 | +€17,521 | +16.3% |
| Equity | 10/15 | €69,442 | €89,661 | +€20,219 | +29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,382 | €81,601 | +€20,219 | +32.9% |
| Amounts payable | 17/49 | €38,187 | €35,488 | -€2,699 | -7.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €38,187 | €35,488 | -€2,699 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €4,068 | €1,405 | -€2,664 | -65.5% |
| Trade debts | 44 | €15,511 | €4,992 | -€10,519 | -67.8% |
| Suppliers | 440/4 | €15,511 | €4,992 | -€10,519 | -67.8% |
| Taxes, remuneration and social security | 45 | €1,029 | €11,513 | +€10,484 | +1,019% |
| Taxes | 450/3 | €1,029 | €3,209 | +€2,180 | +212% |
| Remuneration and social security | 454/9 | €0 | €8,304 | +€8,304 | |
| Other amounts payable | 47/48 | €17,579 | €17,579 | = | 0.0% |
| Turnover | 70 | €429,775 | €498,185 | +€68,410 | +15.9% |
| Non-recurring operating income | 76A | €3,156 | - | -€3,156 | |
| Goods, raw materials, services and sundry goods | 60/61 | €266,717 | €297,418 | +€30,701 | +11.5% |
| Remuneration, social security and pensions | 62 | €117,883 | €141,103 | +€23,219 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,353 | €32,025 | -€5,328 | -14.3% |
| Other operating charges | 640/8 | €3,087 | €3,660 | +€574 | +18.6% |
| Gross operating margin | 9900 | €168,388 | €200,767 | +€32,379 | +19.2% |
| Operating profit (loss) | 9901 | €10,065 | €23,980 | +€13,914 | +138% |
| Financial charges | 65/66B | €788 | €81 | -€707 | -89.7% |
| Recurring financial charges | 65 | €788 | €81 | -€707 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €9,278 | €23,899 | +€14,621 | +158% |
| Income taxes | 67/77 | €6,183 | €3,680 | -€2,503 | -40.5% |
| Profit (loss) for the period | 9904 | €3,095 | €20,219 | +€17,124 | +553% |
| Profit (loss) for the period to be appropriated | 9905 | €3,095 | €20,219 | +€17,124 | +553% |
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 25 October 2026 via checked.be.