VIVUS: 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.
VIVUS
Largest movements
- Tangible fixed assets +€72,415
up €72,415 (+8.5%), from €856,886 to €929,301
of which Plant, machinery and equipment: +€89,156
- Cash -€71,640
down €71,640 (-96.1%), from €74,539 to €2,899
mainly Investment in fixed assets (net) (-€115,739) and Receivables within one year (-€61,539)
- Receivables within one year +€61,539
up €61,539 (+155%), from €39,695 to €101,235
of which Trade receivables: +€61,929
- Profit (loss) carried forward +€82,113
up €82,113 (+23.7%), from -€345,892 to -€263,779
- Debts after one year -€31,370
down €31,370 (-5.8%), from €538,924 to €507,553
- Gross operating margin +€18,918
up €18,918 (+15.6%), from €121,409 to €140,326
- Depreciation +€16,577
up €16,577 (+62.0%), from €26,748 to €43,324
- Other operating charges +€2,094
up €2,094 (+230%), from €910 to €3,003
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €971,391 | €1,033,720 | +€62,329 | +6.4% |
| Fixed assets | 21/28 | €856,886 | €929,301 | +€72,415 | +8.5% |
| Tangible fixed assets | 22/27 | €856,886 | €929,301 | +€72,415 | +8.5% |
| Land and buildings | 22 | €780,074 | €754,977 | -€25,098 | -3.2% |
| Plant, machinery and equipment | 23 | €76,812 | €165,968 | +€89,156 | +116% |
| Furniture and vehicles | 24 | - | €8,357 | +€8,357 | |
| Current assets | 29/58 | €114,505 | €104,419 | -€10,086 | -8.8% |
| Amounts receivable within one year | 40/41 | €39,695 | €101,235 | +€61,539 | +155% |
| Trade receivables | 40 | €39,305 | €101,235 | +€61,929 | +158% |
| Other amounts receivable | 41 | €390 | - | -€390 | |
| Cash at bank and in hand | 54/58 | €74,539 | €2,899 | -€71,640 | -96.1% |
| Deferred charges and accrued income | 490/1 | €270 | €285 | +€15 | +5.4% |
| Total equity and liabilities | 10/49 | €971,391 | €1,033,720 | +€62,329 | +6.4% |
| Equity | 10/15 | -€145,892 | -€63,779 | +€82,113 | +56.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,892 | -€263,779 | +€82,113 | +23.7% |
| Amounts payable | 17/49 | €1,117,283 | €1,097,499 | -€19,784 | -1.8% |
| Amounts payable after more than one year | 17 | €538,924 | €507,553 | -€31,370 | -5.8% |
| Financial debts | 170/4 | €538,924 | €507,553 | -€31,370 | -5.8% |
| Amounts payable within one year | 42/48 | €578,359 | €589,946 | +€11,587 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €30,703 | €31,372 | +€669 | +2.2% |
| Trade debts | 44 | €1,228 | €1,015 | -€214 | -17.4% |
| Suppliers | 440/4 | €1,228 | €1,015 | -€214 | -17.4% |
| Taxes, remuneration and social security | 45 | €4,801 | €5,932 | +€1,132 | +23.6% |
| Taxes | 450/3 | €4,801 | €5,932 | +€1,132 | +23.6% |
| Other amounts payable | 47/48 | €541,627 | €551,627 | +€10,000 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,748 | €43,324 | +€16,577 | +62.0% |
| Other operating charges | 640/8 | €910 | €3,003 | +€2,094 | +230% |
| Gross operating margin | 9900 | €121,409 | €140,326 | +€18,918 | +15.6% |
| Operating profit (loss) | 9901 | €93,751 | €93,999 | +€248 | +0.3% |
| Financial income | 75/76B | €1,299 | - | -€1,299 | |
| Recurring financial income | 75 | €1,299 | - | -€1,299 | |
| Financial charges | 65/66B | €12,523 | €11,886 | -€637 | -5.1% |
| Recurring financial charges | 65 | €12,523 | €11,886 | -€637 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €82,527 | €82,113 | -€415 | -0.5% |
| Profit (loss) for the period | 9904 | €82,527 | €82,113 | -€415 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,527 | €82,113 | -€415 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.