Holding LAVD: 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.
Holding LAVD
Largest movements
- Cash +€351,845
up €351,845 (+1,731%), from €20,325 to €372,171
mainly Debts after one year (+€133,954) and Investment in fixed assets (net) (+€131,290)
- Tangible fixed assets -€187,745
down €187,745 (-9.2%), from €2.1m to €1.9m
of which Land and buildings: -€188,953
- Debts after one year +€133,954
up €133,954 (+9.4%), from €1.4m to €1.6m
- Profit (loss) carried forward +€29,166
up €29,166, from -€17,611 to €11,555
- Gross operating margin +€76,041
up €76,041 (+219%), from €34,798 to €110,839
- Financial charges -€4,232
down €4,232 (-18.5%), from €22,926 to €18,695
- Depreciation -€2,196
down €2,196 (-3.7%), from €58,651 to €56,456
- Other operating charges +€1,453
up €1,453 (+28.7%), from €5,070 to €6,523
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 | €2,073,225 | €2,235,723 | +€162,498 | +7.8% |
| Fixed assets | 21/28 | €2,051,100 | €1,863,354 | -€187,745 | -9.2% |
| Tangible fixed assets | 22/27 | €2,051,100 | €1,863,354 | -€187,745 | -9.2% |
| Land and buildings | 22 | €2,038,600 | €1,849,647 | -€188,953 | -9.3% |
| Plant, machinery and equipment | 23 | - | €1,208 | +€1,208 | |
| Furniture and vehicles | 24 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €22,125 | €372,368 | +€350,243 | +1,583% |
| Amounts receivable within one year | 40/41 | €1,800 | €197 | -€1,603 | -89.0% |
| Trade receivables | 40 | €1,800 | €197 | -€1,603 | -89.0% |
| Cash at bank and in hand | 54/58 | €20,325 | €372,171 | +€351,845 | +1,731% |
| Total equity and liabilities | 10/49 | €2,073,225 | €2,235,723 | +€162,498 | +7.8% |
| Equity | 10/15 | €217,593 | €246,759 | +€29,166 | +13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €215,204 | €215,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Other | 1319 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €214,404 | €214,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,611 | €11,555 | +€29,166 | |
| Amounts payable | 17/49 | €1,855,632 | €1,988,964 | +€133,332 | +7.2% |
| Amounts payable after more than one year | 17 | €1,428,773 | €1,562,727 | +€133,954 | +9.4% |
| Financial debts | 170/4 | €1,428,773 | €1,562,727 | +€133,954 | +9.4% |
| Amounts payable within one year | 42/48 | €426,859 | €424,087 | -€2,772 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €22,033 | €21,431 | -€602 | -2.7% |
| Trade debts | 44 | €1,246 | - | -€1,246 | |
| Suppliers | 440/4 | €1,246 | - | -€1,246 | |
| Other amounts payable | 47/48 | €403,579 | €402,655 | -€924 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €2,150 | +€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,651 | €56,456 | -€2,196 | -3.7% |
| Other operating charges | 640/8 | €5,070 | €6,523 | +€1,453 | +28.7% |
| Gross operating margin | 9900 | €34,798 | €110,839 | +€76,041 | +219% |
| Operating profit (loss) | 9901 | -€28,924 | €47,860 | +€76,784 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,926 | €18,695 | -€4,232 | -18.5% |
| Recurring financial charges | 65 | €22,926 | €18,695 | -€4,232 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,851 | €29,166 | +€81,016 | |
| Profit (loss) for the period | 9904 | -€51,851 | €29,166 | +€81,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,851 | €29,166 | +€81,016 |
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 29 October 2026 via checked.be.