LACAVER: 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.
LACAVER
Largest movements
- Cash -€129,135
down €129,135 (-34.2%), from €377,602 to €248,467
mainly Contributions, distributions and other (-€215,977) and Investment in fixed assets (net) (-€1,798)
- Receivables within one year -€12,145
down €12,145 (-88.5%), from €13,717 to €1,572
of which Other amounts receivable: -€12,217
- Tangible fixed assets -€11,412
down €11,412 (-49.5%), from €23,076 to €11,663
of which Furniture and vehicles: -€10,225
- Reserves -€159,878
down €159,878 (-39.2%), from €408,114 to €248,236
- Tax, wage and social debts +€7,781
up €7,781 (+150.4%), from €5,174 to €12,955
of which Taxes: +€7,669
- Gross operating margin -€20,625
down €20,625 (-16.3%), from €126,859 to €106,234
- Financial income -€8,544
down €8,544 (-100.0%), from €8,548 to €4
- Taxes +€7,455
up €7,455 (+26.9%), from €27,698 to €35,154
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 | €416,061 | €263,431 | -€152,630 | -36.7% |
| Fixed assets | 21/28 | €23,076 | €11,663 | -€11,412 | -49.5% |
| Tangible fixed assets | 22/27 | €23,076 | €11,663 | -€11,412 | -49.5% |
| Plant, machinery and equipment | 23 | €1,713 | €526 | -€1,187 | -69.3% |
| Furniture and vehicles | 24 | €21,363 | €11,137 | -€10,225 | -47.9% |
| Current assets | 29/58 | €392,985 | €251,768 | -€141,217 | -35.9% |
| Amounts receivable within one year | 40/41 | €13,717 | €1,572 | -€12,145 | -88.5% |
| Trade receivables | 40 | - | €72 | +€72 | |
| Other amounts receivable | 41 | €13,717 | €1,500 | -€12,217 | -89.1% |
| Cash at bank and in hand | 54/58 | €377,602 | €248,467 | -€129,135 | -34.2% |
| Deferred charges and accrued income | 490/1 | €1,666 | €1,728 | +€63 | +3.8% |
| Total equity and liabilities | 10/49 | €416,061 | €263,431 | -€152,630 | -36.7% |
| Equity | 10/15 | €408,114 | €248,236 | -€159,878 | -39.2% |
| Reserves | 13 | €408,114 | €248,236 | -€159,878 | -39.2% |
| Distributable reserves | 133 | €408,114 | €248,236 | -€159,878 | -39.2% |
| Amounts payable | 17/49 | €7,947 | €15,195 | +€7,248 | +91.2% |
| Amounts payable within one year | 42/48 | €7,463 | €14,839 | +€7,376 | +98.8% |
| Trade debts | 44 | €465 | €60 | -€405 | -87.1% |
| Suppliers | 440/4 | €465 | €60 | -€405 | -87.1% |
| Taxes, remuneration and social security | 45 | €5,174 | €12,955 | +€7,781 | +150.4% |
| Taxes | 450/3 | €3,150 | €10,819 | +€7,669 | +243.5% |
| Remuneration and social security | 454/9 | €2,024 | €2,136 | +€112 | +5.5% |
| Other amounts payable | 47/48 | €1,824 | €1,824 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €483 | €356 | -€128 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,416 | €13,210 | -€206 | -1.5% |
| Other operating charges | 640/8 | €1,182 | €1,341 | +€159 | +13.5% |
| Gross operating margin | 9900 | €126,859 | €106,234 | -€20,625 | -16.3% |
| Operating profit (loss) | 9901 | €112,260 | €91,682 | -€20,578 | -18.3% |
| Financial income | 75/76B | €8,548 | €4 | -€8,544 | -100.0% |
| Recurring financial income | 75 | €8,548 | €4 | -€8,544 | -100.0% |
| Financial charges | 65/66B | €133 | €432 | +€300 | +225.5% |
| Recurring financial charges | 65 | €133 | €432 | +€300 | +225.5% |
| Profit (loss) for the period before taxes | 9903 | €120,675 | €91,253 | -€29,422 | -24.4% |
| Income taxes | 67/77 | €27,698 | €35,154 | +€7,455 | +26.9% |
| Profit (loss) for the period | 9904 | €92,977 | €56,099 | -€36,877 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,977 | €56,099 | -€36,877 | -39.7% |
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 11 October 2026 via checked.be.