LA. VA: what changed
Two fiscal 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.
LA. VA
Largest movements
- Receivables within one year -€10,924
down €10,924 (-30.1%), from €36,272 to €25,347
of which Trade receivables: -€7,832
- Stocks and contracts -€4,419
down €4,419 (-87.6%), from €5,044 to €625
- Tangible fixed assets +€3,335
up €3,335 (+38.6%), from €8,638 to €11,973
of which Furniture and vehicles: +€3,208
- Cash -€1,552
down €1,552 (-20.2%), from €7,680 to €6,128
mainly Investment in fixed assets (net) (-€8,303) and Tax, wage and social debts (-€6,785)
- Reserves +€26,560
new in 2025: €26,560
- Profit (loss) carried forward -€26,238
down €26,238 (-100.0%), from €26,239 to €1
- Tax, wage and social debts -€6,785
down €6,785 (-59.0%), from €11,495 to €4,710
- Trade debts -€5,047
down €5,047 (-71.6%), from €7,048 to €2,000
- Other debts -€3,272
down €3,272 (-40.4%), from €8,091 to €4,819
- Gross operating margin -€36,438
down €36,438 (-81.4%), from €44,738 to €8,300
- Other operating charges -€8,798
down €8,798 (-88.9%), from €9,902 to €1,104
- Taxes -€5,657
down €5,657 (-82.1%), from €6,891 to €1,234
- Depreciation +€1,327
up €1,327 (+36.5%), from €3,641 to €4,968
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.
Cash bridge derived
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 | €58,199 | €45,029 | -€13,170 | -22.6% |
| Fixed assets | 21/28 | €8,638 | €11,973 | +€3,335 | +38.6% |
| Tangible fixed assets | 22/27 | €8,638 | €11,973 | +€3,335 | +38.6% |
| Plant, machinery and equipment | 23 | €7,469 | €6,646 | -€823 | -11.0% |
| Furniture and vehicles | 24 | €1,169 | €4,377 | +€3,208 | +274.4% |
| Other tangible fixed assets | 26 | - | €950 | +€950 | |
| Current assets | 29/58 | €49,562 | €33,056 | -€16,505 | -33.3% |
| Stocks and contracts in progress | 3 | €5,044 | €625 | -€4,419 | -87.6% |
| Stocks | 30/36 | €5,044 | €625 | -€4,419 | -87.6% |
| Amounts receivable within one year | 40/41 | €36,272 | €25,347 | -€10,924 | -30.1% |
| Trade receivables | 40 | €33,085 | €25,253 | -€7,832 | -23.7% |
| Other amounts receivable | 41 | €3,187 | €95 | -€3,092 | -97.0% |
| Cash at bank and in hand | 54/58 | €7,680 | €6,128 | -€1,552 | -20.2% |
| Deferred charges and accrued income | 490/1 | €566 | €956 | +€390 | +68.9% |
| Total equity and liabilities | 10/49 | €58,199 | €45,029 | -€13,170 | -22.6% |
| Equity | 10/15 | €28,239 | €28,560 | +€322 | +1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €26,560 | +€26,560 | |
| Distributable reserves | 133 | - | €26,560 | +€26,560 | |
| Profit (loss) carried forward | 14 | €26,239 | €1 | -€26,238 | -100.0% |
| Amounts payable | 17/49 | €29,961 | €16,469 | -€13,492 | -45.0% |
| Amounts payable after more than one year | 17 | €1,363 | €1,069 | -€294 | -21.6% |
| Financial debts | 170/4 | €1,363 | €1,069 | -€294 | -21.6% |
| Amounts payable within one year | 42/48 | €28,597 | €15,400 | -€13,198 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €1,964 | €3,870 | +€1,907 | +97.1% |
| Trade debts | 44 | €7,048 | €2,000 | -€5,047 | -71.6% |
| Suppliers | 440/4 | €7,048 | €2,000 | -€5,047 | -71.6% |
| Taxes, remuneration and social security | 45 | €11,495 | €4,710 | -€6,785 | -59.0% |
| Taxes | 450/3 | €11,495 | €4,710 | -€6,785 | -59.0% |
| Other amounts payable | 47/48 | €8,091 | €4,819 | -€3,272 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,641 | €4,968 | +€1,327 | +36.5% |
| Other operating charges | 640/8 | €9,902 | €1,104 | -€8,798 | -88.9% |
| Non-recurring operating charges | 66A | - | €135 | +€135 | |
| Gross operating margin | 9900 | €44,738 | €8,300 | -€36,438 | -81.4% |
| Operating profit (loss) | 9901 | €31,196 | €2,094 | -€29,102 | -93.3% |
| Financial income | 75/76B | €10 | €12 | +€2 | +20.5% |
| Recurring financial income | 75 | €10 | €12 | +€2 | +20.5% |
| Financial charges | 65/66B | €668 | €551 | -€117 | -17.5% |
| Recurring financial charges | 65 | €668 | €551 | -€117 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €30,538 | €1,555 | -€28,983 | -94.9% |
| Income taxes | 67/77 | €6,891 | €1,234 | -€5,657 | -82.1% |
| Profit (loss) for the period | 9904 | €23,648 | €322 | -€23,326 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,648 | €322 | -€23,326 | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.