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.
LaVa
Largest movements
- Cash +€54,940
up €54,940 (+156%), from €35,115 to €90,055
mainly Net result for the year (+€73,086) and Depreciation (+€61,297)
- Tangible fixed assets -€25,370
down €25,370 (-3.0%), from €851,129 to €825,759
- Deferred charges and accrued income +€9,868
up €9,868 (+90.5%), from €10,910 to €20,778
- Profit (loss) carried forward +€73,086
up €73,086 (+36.2%), from €202,074 to €275,161
- Debts after one year -€24,595
down €24,595 (-5.2%), from €475,304 to €450,708
- Trade debts +€23,312
up €23,312 (+313%), from €7,445 to €30,757
- Other debts -€20,344
down €20,344 (-11.1%), from €183,544 to €163,200
- Gross operating margin +€129,004
up €129,004 (+632%), from €20,410 to €149,414
- Depreciation -€5,544
down €5,544 (-8.3%), from €66,840 to €61,297
- Other operating charges -€4,230
down €4,230 (-44.0%), from €9,608 to €5,378
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 | €930,989 | €974,010 | +€43,021 | +4.6% |
| Fixed assets | 21/28 | €854,817 | €828,616 | -€26,201 | -3.1% |
| Intangible fixed assets | 21 | €3,688 | €2,857 | -€831 | -22.5% |
| Tangible fixed assets | 22/27 | €851,129 | €825,759 | -€25,370 | -3.0% |
| Land and buildings | 22 | €177,647 | €166,582 | -€11,065 | -6.2% |
| Plant, machinery and equipment | 23 | €6,105 | €4,901 | -€1,204 | -19.7% |
| Furniture and vehicles | 24 | €11,903 | €3,011 | -€8,893 | -74.7% |
| Other tangible fixed assets | 26 | €655,474 | €651,265 | -€4,209 | -0.6% |
| Current assets | 29/58 | €76,172 | €145,395 | +€69,222 | +90.9% |
| Amounts receivable within one year | 40/41 | €30,148 | €34,562 | +€4,414 | +14.6% |
| Trade receivables | 40 | €27,483 | €30,440 | +€2,957 | +10.8% |
| Other amounts receivable | 41 | €2,665 | €4,122 | +€1,457 | +54.7% |
| Cash at bank and in hand | 54/58 | €35,115 | €90,055 | +€54,940 | +156% |
| Deferred charges and accrued income | 490/1 | €10,910 | €20,778 | +€9,868 | +90.5% |
| Total equity and liabilities | 10/49 | €930,989 | €974,010 | +€43,021 | +4.6% |
| Equity | 10/15 | €222,074 | €295,161 | +€73,086 | +32.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,074 | €275,161 | +€73,086 | +36.2% |
| Amounts payable | 17/49 | €708,915 | €678,850 | -€30,065 | -4.2% |
| Amounts payable after more than one year | 17 | €475,304 | €450,708 | -€24,595 | -5.2% |
| Financial debts | 170/4 | €475,304 | €450,708 | -€24,595 | -5.2% |
| Amounts payable within one year | 42/48 | €233,611 | €228,141 | -€5,470 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €31,824 | €24,595 | -€7,229 | -22.7% |
| Financial debts | 43 | €1,514 | €1,879 | +€365 | +24.1% |
| Credit institutions | 430/8 | €1,514 | €1,879 | +€365 | +24.1% |
| Trade debts | 44 | €7,445 | €30,757 | +€23,312 | +313% |
| Suppliers | 440/4 | €7,445 | €30,757 | +€23,312 | +313% |
| Taxes, remuneration and social security | 45 | €9,284 | €7,710 | -€1,574 | -17.0% |
| Taxes | 450/3 | €9,284 | €7,710 | -€1,574 | -17.0% |
| Other amounts payable | 47/48 | €183,544 | €163,200 | -€20,344 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,840 | €61,297 | -€5,544 | -8.3% |
| Other operating charges | 640/8 | €9,608 | €5,378 | -€4,230 | -44.0% |
| Gross operating margin | 9900 | €20,410 | €149,414 | +€129,004 | +632% |
| Operating profit (loss) | 9901 | -€56,038 | €82,740 | +€138,778 | |
| Financial income | 75/76B | €0 | €39 | +€38 | +12,009% |
| Recurring financial income | 75 | €0 | €39 | +€38 | +12,009% |
| Financial charges | 65/66B | €9,228 | €8,813 | -€415 | -4.5% |
| Recurring financial charges | 65 | €9,228 | €8,813 | -€415 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€65,265 | €73,966 | +€139,231 | |
| Income taxes | 67/77 | €172 | €880 | +€708 | +412% |
| Profit (loss) for the period | 9904 | -€65,437 | €73,086 | +€138,523 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,437 | €73,086 | +€138,523 |
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 26 October 2026 via checked.be.