LAVA Partners: 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 Partners
Largest movements
- Receivables within one year +€13,056
up €13,056 (+84.3%), from €15,478 to €28,534
of which Trade receivables: +€14,443
- Tangible fixed assets -€9,726
down €9,726 (-13.7%), from €70,975 to €61,249
of which Furniture and vehicles: -€12,002
- Cash -€9,464
down €9,464 (-65.1%), from €14,541 to €5,077
mainly Debts after one year (-€13,597) and Receivables within one year (-€13,056)
- Debts after one year -€13,597
down €13,597 (-34.3%), from €39,670 to €26,072
- Tax, wage and social debts +€4,644
up €4,644 (+430%), from €1,080 to €5,724
- Reserves +€1,604
up €1,604 (+3.4%), from €47,705 to €49,309
- Depreciation +€12,906
up €12,906 (+253%), from €5,099 to €18,005
- Gross operating margin -€12,178
down €12,178 (-32.0%), from €38,084 to €25,906
- Taxes -€5,000
down €5,000 (-66.7%), from €7,500 to €2,500
- Other operating charges +€512
up €512 (+77.9%), from €657 to €1,169
- Financial charges +€478
up €478 (+22.2%), from €2,154 to €2,632
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 | €103,339 | €97,076 | -€6,263 | -6.1% |
| Fixed assets | 21/28 | €71,245 | €61,456 | -€9,789 | -13.7% |
| Intangible fixed assets | 21 | €271 | €208 | -€63 | -23.3% |
| Tangible fixed assets | 22/27 | €70,975 | €61,249 | -€9,726 | -13.7% |
| Plant, machinery and equipment | 23 | €14,318 | €16,594 | +€2,276 | +15.9% |
| Furniture and vehicles | 24 | €56,657 | €44,655 | -€12,002 | -21.2% |
| Current assets | 29/58 | €32,093 | €35,619 | +€3,526 | +11.0% |
| Amounts receivable within one year | 40/41 | €15,478 | €28,534 | +€13,056 | +84.3% |
| Trade receivables | 40 | €9,091 | €23,534 | +€14,443 | +159% |
| Other amounts receivable | 41 | €6,387 | €5,000 | -€1,387 | -21.7% |
| Cash at bank and in hand | 54/58 | €14,541 | €5,077 | -€9,464 | -65.1% |
| Deferred charges and accrued income | 490/1 | €2,074 | €2,008 | -€66 | -3.2% |
| Total equity and liabilities | 10/49 | €103,339 | €97,076 | -€6,263 | -6.1% |
| Equity | 10/15 | €48,705 | €50,309 | +€1,604 | +3.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,705 | €49,309 | +€1,604 | +3.4% |
| Distributable reserves | 133 | €47,705 | €49,309 | +€1,604 | +3.4% |
| Amounts payable | 17/49 | €54,634 | €46,767 | -€7,867 | -14.4% |
| Amounts payable after more than one year | 17 | €39,670 | €26,072 | -€13,597 | -34.3% |
| Financial debts | 170/4 | €39,670 | €26,072 | -€13,597 | -34.3% |
| Amounts payable within one year | 42/48 | €14,964 | €20,695 | +€5,731 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €13,175 | €13,597 | +€423 | +3.2% |
| Trade debts | 44 | €118 | €143 | +€25 | +21.6% |
| Suppliers | 440/4 | €118 | €143 | +€25 | +21.6% |
| Taxes, remuneration and social security | 45 | €1,080 | €5,724 | +€4,644 | +430% |
| Taxes | 450/3 | €1,080 | €5,724 | +€4,644 | +430% |
| Other amounts payable | 47/48 | €592 | €1,231 | +€639 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,099 | €18,005 | +€12,906 | +253% |
| Other operating charges | 640/8 | €657 | €1,169 | +€512 | +77.9% |
| Non-recurring operating charges | 66A | €3,374 | €0 | -€3,374 | -100% |
| Gross operating margin | 9900 | €38,084 | €25,906 | -€12,178 | -32.0% |
| Operating profit (loss) | 9901 | €28,954 | €6,732 | -€22,222 | -76.7% |
| Financial income | 75/76B | €0 | €4 | +€3 | +1,889% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +1,889% |
| Financial charges | 65/66B | €2,154 | €2,632 | +€478 | +22.2% |
| Recurring financial charges | 65 | €2,154 | €2,632 | +€478 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €26,800 | €4,104 | -€22,696 | -84.7% |
| Income taxes | 67/77 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Profit (loss) for the period | 9904 | €19,300 | €1,604 | -€17,696 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,300 | €1,604 | -€17,696 | -91.7% |
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 23 October 2026 via checked.be.