LAVA: 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.
LAVA
Largest movements
- Receivables within one year -€88,390
down €88,390 (-5.1%), from €1.7m to €1.7m
- Tax, wage and social debts -€83,623
no longer reported in 2025 (was €83,623)
- Taxes +€1,445
new in 2025: €1,445
- Other operating charges +€254
new in 2025: €254
- Gross operating margin -€120
down €120 (-4.9%), from -€2,453 to -€2,573
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 | €1,751,166 | €1,662,761 | -€88,405 | -5.0% |
| Current assets | 29/58 | €1,751,166 | €1,662,761 | -€88,405 | -5.0% |
| Amounts receivable within one year | 40/41 | €1,745,028 | €1,656,638 | -€88,390 | -5.1% |
| Other amounts receivable | 41 | €1,745,028 | €1,656,638 | -€88,390 | -5.1% |
| Cash at bank and in hand | 54/58 | €6,137 | €6,122 | -€15 | -0.2% |
| Total equity and liabilities | 10/49 | €1,751,166 | €1,662,761 | -€88,405 | -5.0% |
| Equity | 10/15 | €1,663,042 | €1,658,261 | -€4,782 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,601,042 | €1,596,261 | -€4,782 | -0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €354,608 | €354,608 | = | 0.0% |
| Distributable reserves | 133 | €1,240,234 | €1,235,452 | -€4,782 | -0.4% |
| Amounts payable | 17/49 | €88,123 | €4,500 | -€83,623 | -94.9% |
| Amounts payable within one year | 42/48 | €88,123 | €4,500 | -€83,623 | -94.9% |
| Taxes, remuneration and social security | 45 | €83,623 | - | -€83,623 | |
| Taxes | 450/3 | €83,623 | - | -€83,623 | |
| Other amounts payable | 47/48 | €4,500 | €4,500 | = | 0.0% |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | -€2,453 | -€2,573 | -€120 | -4.9% |
| Operating profit (loss) | 9901 | -€2,453 | -€2,827 | -€374 | -15.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -10.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -10.0% |
| Financial charges | 65/66B | €508 | €510 | +€3 | +0.5% |
| Recurring financial charges | 65 | €508 | €510 | +€3 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,960 | -€3,337 | -€377 | -12.7% |
| Income taxes | 67/77 | - | €1,445 | +€1,445 | |
| Profit (loss) for the period | 9904 | -€2,960 | -€4,782 | -€1,821 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,960 | -€4,782 | -€1,821 | -61.5% |
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.