LAV-NET: 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.
LAV-NET
Largest movements
- Cash -€14,309
down €14,309 (-14.3%), from €99,876 to €85,568
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€11,114)
- Tangible fixed assets +€2,250
up €2,250 (+8.4%), from €26,742 to €28,993
of which Plant, machinery and equipment: +€4,843
- Other debts -€7,000
down €7,000 (-24.6%), from €28,432 to €21,432
- Profit (loss) carried forward -€3,536
down €3,536 (-16.9%), from €20,863 to €17,327
- Advances received -€2,317
no longer reported in 2025 (was €2,317)
- Purchases and services +€13,599
up €13,599 (+11.2%), from €121,822 to €135,421
- Turnover +€11,056
up €11,056 (+6.4%), from €173,374 to €184,431
- Taxes -€9,359
down €9,359 (-49.5%), from €18,905 to €9,547
- Depreciation -€9,326
down €9,326 (-51.3%), from €18,190 to €8,864
- Gross operating margin -€2,543
down €2,543 (-4.9%), from €51,553 to €49,010
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 | €129,579 | €116,938 | -€12,641 | -9.8% |
| Fixed assets | 21/28 | €26,742 | €28,993 | +€2,250 | +8.4% |
| Tangible fixed assets | 22/27 | €26,742 | €28,993 | +€2,250 | +8.4% |
| Plant, machinery and equipment | 23 | €22,111 | €26,954 | +€4,843 | +21.9% |
| Other tangible fixed assets | 26 | €4,631 | €2,038 | -€2,593 | -56.0% |
| Current assets | 29/58 | €102,837 | €87,946 | -€14,891 | -14.5% |
| Amounts receivable within one year | 40/41 | €2,017 | €2,378 | +€361 | +17.9% |
| Trade receivables | 40 | €2,017 | €761 | -€1,256 | -62.3% |
| Other amounts receivable | 41 | - | €1,617 | +€1,617 | |
| Cash at bank and in hand | 54/58 | €99,876 | €85,568 | -€14,309 | -14.3% |
| Deferred charges and accrued income | 490/1 | €944 | - | -€944 | |
| Total equity and liabilities | 10/49 | €129,579 | €116,938 | -€12,641 | -9.8% |
| Equity | 10/15 | €71,323 | €67,787 | -€3,536 | -5.0% |
| Reserves | 13 | €50,460 | €50,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,460 | €20,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,863 | €17,327 | -€3,536 | -16.9% |
| Amounts payable | 17/49 | €58,256 | €49,151 | -€9,105 | -15.6% |
| Amounts payable within one year | 42/48 | €58,256 | €49,151 | -€9,105 | -15.6% |
| Trade debts | 44 | €56 | €280 | +€224 | +396.5% |
| Suppliers | 440/4 | €56 | €280 | +€224 | +396.5% |
| Advances received on contracts in progress | 46 | €2,317 | - | -€2,317 | |
| Taxes, remuneration and social security | 45 | €27,450 | €27,439 | -€11 | 0.0% |
| Taxes | 450/3 | €22,178 | €26,167 | +€3,989 | +18.0% |
| Remuneration and social security | 454/9 | €5,272 | €1,272 | -€4,000 | -75.9% |
| Other amounts payable | 47/48 | €28,432 | €21,432 | -€7,000 | -24.6% |
| Turnover | 70 | €173,374 | €184,431 | +€11,056 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,822 | €135,421 | +€13,599 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,190 | €8,864 | -€9,326 | -51.3% |
| Other operating charges | 640/8 | €2,806 | €3,283 | +€477 | +17.0% |
| Gross operating margin | 9900 | €51,553 | €49,010 | -€2,543 | -4.9% |
| Operating profit (loss) | 9901 | €30,557 | €36,863 | +€6,306 | +20.6% |
| Financial income | 75/76B | €10 | €0 | -€10 | -97.4% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -97.4% |
| Financial charges | 65/66B | €1,104 | €853 | -€251 | -22.7% |
| Recurring financial charges | 65 | €1,104 | €853 | -€251 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €29,463 | €36,011 | +€6,547 | +22.2% |
| Income taxes | 67/77 | €18,905 | €9,547 | -€9,359 | -49.5% |
| Profit (loss) for the period | 9904 | €10,558 | €26,464 | +€15,906 | +150.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,558 | €26,464 | +€15,906 | +150.7% |
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 8 October 2026 via checked.be.