FROZEN LAVA: 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.
FROZEN LAVA
Largest movements
- Cash +€91,260
up €91,260 (+234%), from €39,039 to €130,299
mainly Net result for the year (+€74,734) and Receivables after one year (+€64,011)
- Receivables after one year -€64,011
no longer reported in 2025 (was €64,011)
- Receivables within one year -€19,639
down €19,639 (-53.5%), from €36,685 to €17,046
- Tangible fixed assets -€14,048
down €14,048 (-28.6%), from €49,123 to €35,075
of which Furniture and vehicles: -€13,941
- Reserves -€9,693
down €9,693 (-14.3%), from €67,654 to €57,961
- Other debts +€9,177
up €9,177 (+12.1%), from €75,897 to €85,074
- Current portion of long-term debt -€8,368
no longer reported in 2025 (was €8,368)
- Gross operating margin +€4,689
up €4,689 (+4.4%), from €106,210 to €110,899
- Taxes -€3,572
down €3,572 (-15.6%), from €22,896 to €19,324
- Financial income -€1,561
down €1,561 (-57.3%), from €2,724 to €1,163
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 | €192,372 | €186,337 | -€6,036 | -3.1% |
| Fixed assets | 21/28 | €49,123 | €35,075 | -€14,048 | -28.6% |
| Tangible fixed assets | 22/27 | €49,123 | €35,075 | -€14,048 | -28.6% |
| Plant, machinery and equipment | 23 | €312 | €205 | -€107 | -34.3% |
| Furniture and vehicles | 24 | €48,811 | €34,870 | -€13,941 | -28.6% |
| Current assets | 29/58 | €143,249 | €151,261 | +€8,012 | +5.6% |
| Amounts receivable after more than one year | 29 | €64,011 | - | -€64,011 | |
| Other amounts receivable | 291 | €64,011 | - | -€64,011 | |
| Amounts receivable within one year | 40/41 | €36,685 | €17,046 | -€19,639 | -53.5% |
| Trade receivables | 40 | €36,685 | €17,046 | -€19,639 | -53.5% |
| Cash at bank and in hand | 54/58 | €39,039 | €130,299 | +€91,260 | +234% |
| Deferred charges and accrued income | 490/1 | €3,514 | €3,916 | +€402 | +11.4% |
| Total equity and liabilities | 10/49 | €192,372 | €186,337 | -€6,036 | -3.1% |
| Equity | 10/15 | €86,254 | €76,561 | -€9,693 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,654 | €57,961 | -€9,693 | -14.3% |
| Distributable reserves | 133 | €67,654 | €57,961 | -€9,693 | -14.3% |
| Amounts payable | 17/49 | €106,119 | €109,776 | +€3,657 | +3.4% |
| Amounts payable within one year | 42/48 | €97,597 | €101,444 | +€3,847 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €8,368 | - | -€8,368 | |
| Trade debts | 44 | €4,257 | €5,512 | +€1,254 | +29.5% |
| Suppliers | 440/4 | €4,257 | €5,512 | +€1,254 | +29.5% |
| Taxes, remuneration and social security | 45 | €9,075 | €10,858 | +€1,783 | +19.6% |
| Taxes | 450/3 | €9,075 | €9,138 | +€64 | +0.7% |
| Remuneration and social security | 454/9 | - | €1,719 | +€1,719 | |
| Other amounts payable | 47/48 | €75,897 | €85,074 | +€9,177 | +12.1% |
| Accrued charges and deferred income | 492/3 | €8,522 | €8,332 | -€190 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,156 | €16,739 | +€583 | +3.6% |
| Other operating charges | 640/8 | €1,077 | €810 | -€267 | -24.8% |
| Gross operating margin | 9900 | €106,210 | €110,899 | +€4,689 | +4.4% |
| Operating profit (loss) | 9901 | €88,977 | €93,350 | +€4,373 | +4.9% |
| Financial income | 75/76B | €2,724 | €1,163 | -€1,561 | -57.3% |
| Recurring financial income | 75 | €2,724 | €1,163 | -€1,561 | -57.3% |
| Financial charges | 65/66B | €916 | €455 | -€461 | -50.3% |
| Recurring financial charges | 65 | €916 | €455 | -€461 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €90,784 | €94,058 | +€3,273 | +3.6% |
| Income taxes | 67/77 | €22,896 | €19,324 | -€3,572 | -15.6% |
| Profit (loss) for the period | 9904 | €67,888 | €74,734 | +€6,845 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,888 | €74,734 | +€6,845 | +10.1% |
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 18 October 2026 via checked.be.