Laetitia LAVAL: 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.
Laetitia LAVAL
Largest movements
- Stocks and contracts -€8,133
down €8,133 (-54.1%), from €15,025 to €6,892
- Deferred charges and accrued income +€2,553
up €2,553 (+202.4%), from €1,262 to €3,815
- Cash +€2,427
up €2,427 (+41.3%), from €5,882 to €8,310
mainly Other debts (+€17,326) and Depreciation (+€10,804)
- Tangible fixed assets +€1,145
up €1,145 (+4.0%), from €28,703 to €29,848
of which Furniture and vehicles: +€5,048
- Receivables within one year +€600
up €600 (+122.4%), from €490 to €1,090
of which Trade receivables: +€798
- Other debts +€17,326
up €17,326 (+85.8%), from €20,183 to €37,509
- Profit (loss) carried forward -€9,418
down €9,418 (-69.3%), from -€13,593 to -€23,012
- Debts after one year -€7,100
down €7,100 (-35.9%), from €19,755 to €12,655
- Trade debts -€2,026
down €2,026 (-28.7%), from €7,065 to €5,040
- Tax, wage and social debts -€937
down €937 (-33.3%), from €2,817 to €1,881
of which Remuneration and social security: -€1,065
- Gross operating margin +€7,877
up €7,877 (+30.9%), from €25,523 to €33,400
- Staff costs +€2,347
up €2,347 (+8.8%), from €26,712 to €29,059
- Depreciation +€1,335
up €1,335 (+14.1%), from €9,469 to €10,804
- Financial charges -€761
down €761 (-27.5%), from €2,770 to €2,010
- Other operating charges +€653
up €653 (+395.9%), from €165 to €818
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 | €52,980 | €51,172 | -€1,808 | -3.4% |
| Formation expenses | 20 | €1,414 | €1,013 | -€400 | -28.3% |
| Fixed assets | 21/28 | €28,908 | €30,053 | +€1,145 | +4.0% |
| Tangible fixed assets | 22/27 | €28,703 | €29,848 | +€1,145 | +4.0% |
| Plant, machinery and equipment | 23 | €26,026 | €22,122 | -€3,903 | -15.0% |
| Furniture and vehicles | 24 | €2,677 | €7,725 | +€5,048 | +188.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €22,659 | €20,106 | -€2,553 | -11.3% |
| Stocks and contracts in progress | 3 | €15,025 | €6,892 | -€8,133 | -54.1% |
| Stocks | 30/36 | €15,025 | €6,892 | -€8,133 | -54.1% |
| Amounts receivable within one year | 40/41 | €490 | €1,090 | +€600 | +122.4% |
| Trade receivables | 40 | €33 | €831 | +€798 | +2433.1% |
| Other amounts receivable | 41 | €457 | €259 | -€198 | -43.4% |
| Cash at bank and in hand | 54/58 | €5,882 | €8,310 | +€2,427 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,262 | €3,815 | +€2,553 | +202.4% |
| Total equity and liabilities | 10/49 | €52,980 | €51,172 | -€1,808 | -3.4% |
| Equity | 10/15 | -€3,593 | -€13,012 | -€9,418 | -262.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,593 | -€23,012 | -€9,418 | -69.3% |
| Amounts payable | 17/49 | €56,574 | €64,184 | +€7,611 | +13.5% |
| Amounts payable after more than one year | 17 | €19,755 | €12,655 | -€7,100 | -35.9% |
| Financial debts | 170/4 | €19,755 | €12,655 | -€7,100 | -35.9% |
| Amounts payable within one year | 42/48 | €36,819 | €51,529 | +€14,711 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €6,753 | €7,100 | +€348 | +5.1% |
| Trade debts | 44 | €7,065 | €5,040 | -€2,026 | -28.7% |
| Suppliers | 440/4 | €7,065 | €5,040 | -€2,026 | -28.7% |
| Taxes, remuneration and social security | 45 | €2,817 | €1,881 | -€937 | -33.3% |
| Taxes | 450/3 | - | €128 | +€128 | |
| Remuneration and social security | 454/9 | €2,817 | €1,753 | -€1,065 | -37.8% |
| Other amounts payable | 47/48 | €20,183 | €37,509 | +€17,326 | +85.8% |
| Remuneration, social security and pensions | 62 | €26,712 | €29,059 | +€2,347 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,469 | €10,804 | +€1,335 | +14.1% |
| Other operating charges | 640/8 | €165 | €818 | +€653 | +395.9% |
| Gross operating margin | 9900 | €25,523 | €33,400 | +€7,877 | +30.9% |
| Operating profit (loss) | 9901 | -€10,823 | -€7,281 | +€3,542 | +32.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €2,770 | €2,010 | -€761 | -27.5% |
| Recurring financial charges | 65 | €2,770 | €2,010 | -€761 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,593 | -€9,291 | +€4,303 | +31.7% |
| Income taxes | 67/77 | - | €128 | +€128 | |
| Profit (loss) for the period | 9904 | -€13,593 | -€9,418 | +€4,175 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,593 | -€9,418 | +€4,175 | +30.7% |
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 9 October 2026 via checked.be.