LAUVAN: 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.
LAUVAN
Largest movements
- Receivables within one year -€44,380
down €44,380 (-17.8%), from €249,280 to €204,900
- Tangible fixed assets -€43,500
down €43,500 (-24.9%), from €174,918 to €131,418
- Cash -€11,468
down €11,468 (-91.9%), from €12,484 to €1,016
mainly Other debts (-€72,137) and Current portion of long-term debt (-€10,714)
- Other debts -€72,137
down €72,137 (-93.8%), from €76,930 to €4,793
- Current portion of long-term debt -€10,714
down €10,714 (-100.0%), from €10,714 to €0
- Reserves -€10,613
down €10,613 (-4.9%), from €217,541 to €206,928
of which Tax-exempt reserves: -€19,573
- Provisions -€6,524
down €6,524 (-37.5%), from €17,398 to €10,874
- Financial charges -€960
down €960 (-88.9%), from €1,081 to €120
- Other operating charges +€656
up €656 (+3.1%), from €20,957 to €21,613
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 | €436,682 | €337,335 | -€99,348 | -22.8% |
| Fixed assets | 21/28 | €174,918 | €131,418 | -€43,500 | -24.9% |
| Tangible fixed assets | 22/27 | €174,918 | €131,418 | -€43,500 | -24.9% |
| Land and buildings | 22 | €174,918 | €131,418 | -€43,500 | -24.9% |
| Current assets | 29/58 | €261,764 | €205,916 | -€55,848 | -21.3% |
| Amounts receivable within one year | 40/41 | €249,280 | €204,900 | -€44,380 | -17.8% |
| Other amounts receivable | 41 | €249,280 | €204,900 | -€44,380 | -17.8% |
| Cash at bank and in hand | 54/58 | €12,484 | €1,016 | -€11,468 | -91.9% |
| Total equity and liabilities | 10/49 | €436,682 | €337,335 | -€99,348 | -22.8% |
| Equity | 10/15 | €308,022 | €297,409 | -€10,613 | -3.4% |
| Contributions | 10/11 | €90,481 | €90,481 | = | 0.0% |
| Capital | 10 | €90,481 | €90,481 | = | 0.0% |
| Issued capital | 100 | €90,481 | €90,481 | = | 0.0% |
| Reserves | 13 | €217,541 | €206,928 | -€10,613 | -4.9% |
| Non-distributable reserves | 130/1 | €9,048 | €9,048 | = | 0.0% |
| Legal reserve | 130 | €9,048 | €9,048 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,194 | €32,621 | -€19,573 | -37.5% |
| Distributable reserves | 133 | €156,299 | €165,258 | +€8,959 | +5.7% |
| Provisions and deferred taxes | 16 | €17,398 | €10,874 | -€6,524 | -37.5% |
| Deferred taxes | 168 | €17,398 | €10,874 | -€6,524 | -37.5% |
| Amounts payable | 17/49 | €111,263 | €29,052 | -€82,210 | -73.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €111,263 | €29,052 | -€82,210 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €10,714 | €0 | -€10,714 | -100.0% |
| Trade debts | 44 | €20,360 | €20,998 | +€638 | +3.1% |
| Suppliers | 440/4 | €20,360 | €20,998 | +€638 | +3.1% |
| Taxes, remuneration and social security | 45 | €3,258 | €3,261 | +€3 | +0.1% |
| Taxes | 450/3 | €3,258 | €3,261 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €76,930 | €4,793 | -€72,137 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,500 | €43,500 | = | 0.0% |
| Other operating charges | 640/8 | €20,957 | €21,613 | +€656 | +3.1% |
| Gross operating margin | 9900 | €46,511 | €46,457 | -€53 | -0.1% |
| Operating profit (loss) | 9901 | -€17,946 | -€18,656 | -€709 | -4.0% |
| Financial income | 75/76B | €4,888 | €4,900 | +€12 | +0.2% |
| Recurring financial income | 75 | €4,888 | €4,900 | +€12 | +0.2% |
| Financial charges | 65/66B | €1,081 | €120 | -€960 | -88.9% |
| Recurring financial charges | 65 | €1,081 | €120 | -€960 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,139 | -€13,876 | +€263 | +1.9% |
| Transfer from deferred taxes | 780 | €6,524 | €6,524 | = | 0.0% |
| Income taxes | 67/77 | €3,258 | €3,261 | +€3 | +0.1% |
| Profit (loss) for the period | 9904 | -€10,873 | -€10,613 | +€260 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €19,573 | €19,573 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,699 | €8,959 | +€260 | +3.0% |
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 4 October 2026 via checked.be.