LAVA: 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.
What changed
LAVA
NACE 13.910, Manufacture of textiles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.5m+€169,304
Equity
€26.2m
2024 · €24.6m+€1.6m
Cash
€1.5m
2024 · €1.4m+€88,252
Balance sheet total
€30.3m
2024 · €28.5m+€1.8m
Largest movements
Assets
- Current investments +€3.8m
up €3.8m (+50.2%), from €7.6m to €11.4m
- Financial fixed assets -€1.4m
down €1.4m (-14.5%), from €9.6m to €8.2m
of which Affiliated companies: -€1.4m
- Receivables within one year -€350,477
down €350,477 (-9.3%), from €3.8m to €3.4m
of which Trade receivables: -€481,178
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+6.6%), from €24.5m to €26.1m
of which Distributable reserves: +€1.6m
- Trade debts +€836,989
up €836,989 (+30.1%), from €2.8m to €3.6m
Income statement
- Financial income +€1.6m
up €1.6m (+182.3%), from €902,850 to €2.5m
- Turnover -€1.4m
down €1.4m (-6.5%), from €21.2m to €19.8m
- Financial charges +€938,029
up €938,029 (+785.6%), from €119,400 to €1.1m
- Services and other goods -€488,274
down €488,274 (-9.1%), from €5.4m to €4.9m
- Taxes -€356,147
down €356,147 (-99.3%), from €358,683 to €2,536
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.
Result 2024
€1.5m
Turnover
-€1.4m
Other operating income
+€39,341
Goods and materials
-€339,209
Services and other goods
+€488,274
Staff costs
+€67,908
Depreciation
+€218,358
Write-downs
+€15,999
Provisions
+€300,000
Other operating charges
-€2,580
Other operating items
-€299,174
Financial income
+€1.6m
Financial charges
-€938,029
Taxes
+€356,147
Result 2025
€1.6m
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.
From operations
+€3.5m
Investment
-€3.2m
Financing
-€125,000
Cash 2024
€1.4m
From operations (derived)
+€3.5m
Net result for the year
+€1.6m
Depreciation
+€1.0m
Stocks and contracts
+€130,158
Receivables within one year
+€350,477
Deferred charges and accrued income
+€1,933
Provisions
-€150,000
Trade debts
+€836,989
Tax, wage and social debts
+€15,070
Advances received
-€200,092
Accrued charges and deferred income
-€176,676
Investment (derived)
-€3.2m
Investment in fixed assets (net)
+€583,496
Current investments
-€3.8m
Financing
-€125,000
Debts after one year
-€31,250
Current portion of long-term debt
-€93,750
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,522,266 | €30,342,710 | +€1.8m | +6.4% |
| Fixed assets | 21/28 | €12,188,904 | €10,581,381 | -€1.6m | -13.2% |
| Intangible fixed assets | 21 | €312,086 | €344,891 | +€32,805 | +10.5% |
| Tangible fixed assets | 22/27 | €2,237,960 | €2,000,009 | -€237,951 | -10.6% |
| Land and buildings | 22 | €243,652 | €224,302 | -€19,350 | -7.9% |
| Plant, machinery and equipment | 23 | €1,715,652 | €1,593,087 | -€122,565 | -7.1% |
| Furniture and vehicles | 24 | €278,656 | €182,620 | -€96,036 | -34.5% |
| Financial fixed assets | 28 | €9,638,858 | €8,236,480 | -€1.4m | -14.5% |
| Affiliated companies | 280/1 | €9,638,067 | €8,228,689 | -€1.4m | -14.6% |
| Participating interests | 280 | €3,493,310 | €3,734,233 | +€240,923 | +6.9% |
| Amounts receivable | 281 | €6,144,757 | €4,494,456 | -€1.7m | -26.9% |
| Other financial fixed assets | 284/8 | €791 | €7,791 | +€7,000 | +885.0% |
| Amounts receivable and cash guarantees | 285/8 | €791 | €7,791 | +€7,000 | +885.0% |
| Current assets | 29/58 | €16,333,362 | €19,761,329 | +€3.4m | +21.0% |
| Stocks and contracts in progress | 3 | €3,391,527 | €3,261,369 | -€130,158 | -3.8% |
| Stocks | 30/36 | €3,391,527 | €3,261,369 | -€130,158 | -3.8% |
| Raw materials and consumables | 30/31 | €2,671,681 | €2,389,606 | -€282,074 | -10.6% |
| Finished goods | 33 | €256,949 | €258,771 | +€1,822 | +0.7% |
| Advance payments | 36 | €462,898 | €612,992 | +€150,094 | +32.4% |
| Amounts receivable within one year | 40/41 | €3,775,689 | €3,425,212 | -€350,477 | -9.3% |
| Trade receivables | 40 | €3,671,667 | €3,190,489 | -€481,178 | -13.1% |
| Other amounts receivable | 41 | €104,022 | €234,723 | +€130,702 | +125.6% |
| Current investments | 50/53 | €7,620,271 | €11,442,553 | +€3.8m | +50.2% |
| Other investments | 51/53 | €7,620,271 | €11,442,553 | +€3.8m | +50.2% |
| Cash at bank and in hand | 54/58 | €1,412,525 | €1,500,778 | +€88,252 | +6.2% |
| Deferred charges and accrued income | 490/1 | €133,349 | €131,416 | -€1,933 | -1.4% |
| Total equity and liabilities | 10/49 | €28,522,266 | €30,342,710 | +€1.8m | +6.4% |
| Equity | 10/15 | €24,565,047 | €26,185,199 | +€1.6m | +6.6% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €24,515,447 | €26,135,599 | +€1.6m | +6.6% |
| Tax-exempt reserves | 132 | €38,424 | €38,424 | = | 0.0% |
| Distributable reserves | 133 | €24,477,023 | €26,097,175 | +€1.6m | +6.6% |
| Provisions and deferred taxes | 16 | €150,000 | - | -€150,000 | |
| Provisions for liabilities and charges | 160/5 | €150,000 | - | -€150,000 | |
| Environmental obligations | 163 | €150,000 | - | -€150,000 | |
| Amounts payable | 17/49 | €3,807,220 | €4,157,511 | +€350,291 | +9.2% |
| Amounts payable after more than one year | 17 | €31,250 | - | -€31,250 | |
| Financial debts | 170/4 | €31,250 | - | -€31,250 | |
| Credit institutions | 173 | €31,250 | - | -€31,250 | |
| Amounts payable within one year | 42/48 | €3,598,463 | €4,156,680 | +€558,217 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €31,250 | -€93,750 | -75.0% |
| Trade debts | 44 | €2,782,306 | €3,619,295 | +€836,989 | +30.1% |
| Suppliers | 440/4 | €2,782,306 | €3,619,295 | +€836,989 | +30.1% |
| Advances received on contracts in progress | 46 | €200,092 | - | -€200,092 | |
| Taxes, remuneration and social security | 45 | €491,064 | €506,135 | +€15,070 | +3.1% |
| Taxes | 450/3 | €95,276 | €114,611 | +€19,335 | +20.3% |
| Remuneration and social security | 454/9 | €395,788 | €391,524 | -€4,264 | -1.1% |
| Accrued charges and deferred income | 492/3 | €177,507 | €831 | -€176,676 | -99.5% |
| Operating income | 70/76A | €21,642,526 | €20,202,815 | -€1.4m | -6.7% |
| Turnover | 70 | €21,222,774 | €19,839,318 | -€1.4m | -6.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€17,738 | €1,822 | +€19,560 | |
| Other operating income | 74 | €88,118 | €127,458 | +€39,341 | +44.6% |
| Non-recurring operating income | 76A | €349,372 | €234,217 | -€115,156 | -33.0% |
| Operating charges | 60/66A | €20,616,446 | €20,071,273 | -€545,173 | -2.6% |
| Goods for resale, raw materials and consumables | 60 | €10,905,315 | €11,244,524 | +€339,209 | +3.1% |
| Purchases | 600/8 | €11,394,983 | €10,962,450 | -€432,534 | -3.8% |
| Change in stocks: decrease (increase) | 609 | -€489,668 | €282,074 | +€771,742 | |
| Services and other goods | 61 | €5,364,192 | €4,875,918 | -€488,274 | -9.1% |
| Remuneration, social security and pensions | 62 | €2,917,784 | €2,849,876 | -€67,908 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242,386 | €1,024,028 | -€218,358 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,101 | -€2,898 | -€15,999 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €150,000 | -€150,000 | -€300,000 | |
| Other operating charges | 640/8 | €14,441 | €17,021 | +€2,580 | +17.9% |
| Non-recurring operating charges | 66A | €9,227 | €212,804 | +€203,577 | +2206.4% |
| Operating profit (loss) | 9901 | €1,026,081 | €131,542 | -€894,539 | -87.2% |
| Financial income | 75/76B | €902,850 | €2,548,575 | +€1.6m | +182.3% |
| Recurring financial income | 75 | €902,850 | €2,548,575 | +€1.6m | +182.3% |
| Income from financial fixed assets | 750 | €109,613 | €2,150,705 | +€2.0m | +1862.1% |
| Income from current assets | 751 | €316,818 | €286,361 | -€30,456 | -9.6% |
| Other financial income | 752/9 | €476,419 | €111,508 | -€364,911 | -76.6% |
| Financial charges | 65/66B | €119,400 | €1,057,428 | +€938,029 | +785.6% |
| Recurring financial charges | 65 | €119,400 | €1,057,428 | +€938,029 | +785.6% |
| Debt charges | 650 | €3,190 | €1,317 | -€1,873 | -58.7% |
| Other financial charges | 652/9 | €116,210 | €1,056,112 | +€939,902 | +808.8% |
| Profit (loss) for the period before taxes | 9903 | €1,809,531 | €1,622,688 | -€186,842 | -10.3% |
| Income taxes | 67/77 | €358,683 | €2,536 | -€356,147 | -99.3% |
| Taxes | 670/3 | €358,683 | €2,536 | -€356,147 | -99.3% |
| Profit (loss) for the period | 9904 | €1,450,848 | €1,620,152 | +€169,304 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,450,848 | €1,620,152 | +€169,304 | +11.7% |
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 11 October 2026 via checked.be.