LAUV: 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.
LAUV
Largest movements
- Intangible fixed assets +€7,207
up €7,207 (+701.5%), from €1,027 to €8,234
- Receivables within one year -€4,128
down €4,128 (-9.8%), from €42,191 to €38,063
of which Other amounts receivable: -€11,239
- Cash +€3,031
new in 2025: €3,031
mainly Debts after one year (+€32,565) and Trade debts (+€16,806)
- Tangible fixed assets -€2,701
down €2,701 (-13.1%), from €20,554 to €17,854
of which Other tangible fixed assets: -€2,125
- Stocks and contracts +€2,270
up €2,270 (+52.0%), from €4,363 to €6,633
- Profit (loss) carried forward -€41,723
down €41,723 (-185.0%), from -€22,550 to -€64,273
- Debts after one year +€32,565
up €32,565 (+66.8%), from €48,778 to €81,343
- Trade debts +€16,806
up €16,806 (+319.4%), from €5,262 to €22,068
- Current portion of long-term debt +€13,759
up €13,759 (+1125.8%), from €1,222 to €14,981
- Short-term financial debts -€7,692
down €7,692 (-93.9%), from €8,196 to €504
- Gross operating margin -€15,863
down €15,863 (-79.3%), from -€19,998 to -€35,861
- Depreciation +€1,831
up €1,831 (+125.1%), from €1,463 to €3,294
- Financial charges +€1,272
up €1,272 (+65.4%), from €1,945 to €3,216
- Other operating charges +€366
up €366 (+22.9%), from €1,598 to €1,965
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 | €70,452 | €78,167 | +€7,715 | +11.0% |
| Fixed assets | 21/28 | €23,831 | €28,337 | +€4,506 | +18.9% |
| Intangible fixed assets | 21 | €1,027 | €8,234 | +€7,207 | +701.5% |
| Tangible fixed assets | 22/27 | €20,554 | €17,854 | -€2,701 | -13.1% |
| Plant, machinery and equipment | 23 | €1,115 | €892 | -€223 | -20.0% |
| Furniture and vehicles | 24 | €1,408 | €1,055 | -€353 | -25.1% |
| Other tangible fixed assets | 26 | €18,032 | €15,907 | -€2,125 | -11.8% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €46,620 | €49,829 | +€3,209 | +6.9% |
| Stocks and contracts in progress | 3 | €4,363 | €6,633 | +€2,270 | +52.0% |
| Stocks | 30/36 | €4,363 | €6,633 | +€2,270 | +52.0% |
| Amounts receivable within one year | 40/41 | €42,191 | €38,063 | -€4,128 | -9.8% |
| Trade receivables | 40 | €965 | €8,075 | +€7,110 | +736.6% |
| Other amounts receivable | 41 | €41,226 | €29,988 | -€11,239 | -27.3% |
| Cash at bank and in hand | 54/58 | - | €3,031 | +€3,031 | |
| Deferred charges and accrued income | 490/1 | €66 | €2,102 | +€2,036 | +3072.0% |
| Total equity and liabilities | 10/49 | €70,452 | €78,167 | +€7,715 | +11.0% |
| Equity | 10/15 | -€7,050 | -€48,773 | -€41,723 | -591.8% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,550 | -€64,273 | -€41,723 | -185.0% |
| Amounts payable | 17/49 | €77,502 | €126,940 | +€49,438 | +63.8% |
| Amounts payable after more than one year | 17 | €48,778 | €81,343 | +€32,565 | +66.8% |
| Financial debts | 170/4 | €48,778 | €81,343 | +€32,565 | +66.8% |
| Amounts payable within one year | 42/48 | €28,724 | €45,051 | +€16,327 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €1,222 | €14,981 | +€13,759 | +1125.8% |
| Financial debts | 43 | €8,196 | €504 | -€7,692 | -93.9% |
| Credit institutions | 430/8 | €8,196 | €504 | -€7,692 | -93.9% |
| Trade debts | 44 | €5,262 | €22,068 | +€16,806 | +319.4% |
| Suppliers | 440/4 | €5,262 | €22,068 | +€16,806 | +319.4% |
| Advances received on contracts in progress | 46 | €10,470 | €3,197 | -€7,273 | -69.5% |
| Taxes, remuneration and social security | 45 | €2,025 | €4,301 | +€2,276 | +112.4% |
| Taxes | 450/3 | €2,025 | €4,301 | +€2,276 | +112.4% |
| Other amounts payable | 47/48 | €1,549 | €0 | -€1,549 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €545 | +€545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,463 | €3,294 | +€1,831 | +125.1% |
| Other operating charges | 640/8 | €1,598 | €1,965 | +€366 | +22.9% |
| Gross operating margin | 9900 | -€19,998 | -€35,861 | -€15,863 | -79.3% |
| Operating profit (loss) | 9901 | -€23,060 | -€41,120 | -€18,060 | -78.3% |
| Financial income | 75/76B | €2,454 | €2,703 | +€248 | +10.1% |
| Recurring financial income | 75 | €2,454 | €2,703 | +€248 | +10.1% |
| Financial charges | 65/66B | €1,945 | €3,216 | +€1,272 | +65.4% |
| Recurring financial charges | 65 | €1,945 | €3,216 | +€1,272 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,550 | -€41,634 | -€19,084 | -84.6% |
| Income taxes | 67/77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | -€22,550 | -€41,723 | -€19,173 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,550 | -€41,723 | -€19,173 | -85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.