LAUVIC: 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.
LAUVIC
Largest movements
- Tangible fixed assets -€34,020
down €34,020 (-15.9%), from €213,876 to €179,856
of which Plant, machinery and equipment: -€29,522
- Deferred charges and accrued income +€25,003
up €25,003 (+303%), from €8,246 to €33,248
- Receivables within one year -€19,467
down €19,467 (-47.2%), from €41,243 to €21,776
of which Other amounts receivable: -€11,380
- Stocks and contracts +€9,654
up €9,654 (+3.8%), from €251,400 to €261,054
- Cash -€9,451
down €9,451 (-26.7%), from €35,377 to €25,926
mainly Trade debts (-€295,222) and Net result for the year (-€35,916)
- Trade debts -€295,222
down €295,222 (-77.0%), from €383,256 to €88,034
- Debts after one year +€166,560
up €166,560 (+296%), from €56,182 to €222,742
of which Other amounts payable: +€176,700
- Other debts +€130,043
up €130,043 (+6,911%), from €1,882 to €131,925
- Profit (loss) carried forward -€35,916
down €35,916 (-42.8%), from -€83,887 to -€119,803
- Current portion of long-term debt +€25,195
up €25,195 (+261%), from €9,645 to €34,840
- Gross operating margin +€30,511
up €30,511 (+11.0%), from €276,214 to €306,725
- Financial charges +€11,534
up €11,534 (+66.6%), from €17,308 to €28,842
- Staff costs -€10,787
down €10,787 (-3.7%), from €288,517 to €277,730
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.
Derived cash bridge
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 | €551,641 | €523,360 | -€28,281 | -5.1% |
| Fixed assets | 21/28 | €215,376 | €181,356 | -€34,020 | -15.8% |
| Tangible fixed assets | 22/27 | €213,876 | €179,856 | -€34,020 | -15.9% |
| Land and buildings | 22 | €4,473 | €2,726 | -€1,748 | -39.1% |
| Plant, machinery and equipment | 23 | €205,414 | €175,892 | -€29,522 | -14.4% |
| Furniture and vehicles | 24 | €3,988 | €1,238 | -€2,750 | -69.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €336,265 | €342,004 | +€5,739 | +1.7% |
| Stocks and contracts in progress | 3 | €251,400 | €261,054 | +€9,654 | +3.8% |
| Stocks | 30/36 | €251,400 | €261,054 | +€9,654 | +3.8% |
| Amounts receivable within one year | 40/41 | €41,243 | €21,776 | -€19,467 | -47.2% |
| Trade receivables | 40 | €21,009 | €12,922 | -€8,087 | -38.5% |
| Other amounts receivable | 41 | €20,234 | €8,854 | -€11,380 | -56.2% |
| Cash at bank and in hand | 54/58 | €35,377 | €25,926 | -€9,451 | -26.7% |
| Deferred charges and accrued income | 490/1 | €8,246 | €33,248 | +€25,003 | +303% |
| Total equity and liabilities | 10/49 | €551,641 | €523,360 | -€28,281 | -5.1% |
| Equity | 10/15 | -€2,387 | -€38,303 | -€35,916 | -1,505% |
| Contributions | 10/11 | €81,500 | €81,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,887 | -€119,803 | -€35,916 | -42.8% |
| Amounts payable | 17/49 | €554,028 | €561,663 | +€7,635 | +1.4% |
| Amounts payable after more than one year | 17 | €56,182 | €222,742 | +€166,560 | +296% |
| Financial debts | 170/4 | €56,182 | €46,042 | -€10,140 | -18.0% |
| Other amounts payable | 178/9 | - | €176,700 | +€176,700 | |
| Amounts payable within one year | 42/48 | €497,846 | €338,921 | -€158,925 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €9,645 | €34,840 | +€25,195 | +261% |
| Financial debts | 43 | €43,115 | €37,538 | -€5,578 | -12.9% |
| Credit institutions | 430/8 | €43,115 | €37,538 | -€5,578 | -12.9% |
| Trade debts | 44 | €383,256 | €88,034 | -€295,222 | -77.0% |
| Suppliers | 440/4 | €383,256 | €88,034 | -€295,222 | -77.0% |
| Taxes, remuneration and social security | 45 | €59,948 | €46,584 | -€13,363 | -22.3% |
| Taxes | 450/3 | €6,614 | €9,542 | +€2,928 | +44.3% |
| Remuneration and social security | 454/9 | €53,334 | €37,043 | -€16,291 | -30.5% |
| Other amounts payable | 47/48 | €1,882 | €131,925 | +€130,043 | +6,911% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €288,517 | €277,730 | -€10,787 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,530 | €34,020 | +€490 | +1.5% |
| Other operating charges | 640/8 | €2,366 | €1,720 | -€647 | -27.3% |
| Gross operating margin | 9900 | €276,214 | €306,725 | +€30,511 | +11.0% |
| Operating profit (loss) | 9901 | -€48,200 | -€6,744 | +€41,455 | +86.0% |
| Financial charges | 65/66B | €17,308 | €28,842 | +€11,534 | +66.6% |
| Recurring financial charges | 65 | €17,308 | €28,842 | +€11,534 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | -€65,508 | -€35,587 | +€29,921 | +45.7% |
| Income taxes | 67/77 | €15 | €329 | +€314 | +2,036% |
| Profit (loss) for the period | 9904 | -€65,523 | -€35,916 | +€29,608 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,523 | -€35,916 | +€29,608 | +45.2% |
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 22 October 2026 via checked.be.