LAVACHE: 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.
LAVACHE
Largest movements
- Cash -€118,307
down €118,307 (-49.0%), from €241,327 to €123,020
mainly Contributions, distributions and other (-€452,941) and Investment in fixed assets (net) (-€117,009)
- Tangible fixed assets +€94,766
up €94,766 (+95.9%), from €98,784 to €193,551
of which Land and buildings: +€105,317
- Receivables after one year -€80,000
down €80,000 (-26.7%), from €300,000 to €220,000
- Receivables within one year -€15,270
down €15,270 (-8.3%), from €184,000 to €168,730
of which Trade receivables: -€25,382
- Reserves -€347,663
down €347,663 (-47.4%), from €734,060 to €386,397
- Other debts +€256,474
up €256,474 (+19955.0%), from €1,285 to €257,759
- Tax, wage and social debts -€15,685
down €15,685 (-22.0%), from €71,357 to €55,673
of which Taxes: -€15,685
- Debts after one year -€11,781
down €11,781 (-59.0%), from €19,971 to €8,190
- Gross operating margin -€20,582
down €20,582 (-11.0%), from €187,777 to €167,195
- Other operating charges +€10,621
up €10,621 (+827.5%), from €1,283 to €11,904
- Taxes -€9,590
down €9,590 (-24.1%), from €39,854 to €30,264
- Depreciation +€6,919
up €6,919 (+45.2%), from €15,324 to €22,243
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 | €842,267 | €728,971 | -€113,296 | -13.5% |
| Fixed assets | 21/28 | €99,184 | €193,951 | +€94,766 | +95.5% |
| Tangible fixed assets | 22/27 | €98,784 | €193,551 | +€94,766 | +95.9% |
| Land and buildings | 22 | €35,000 | €140,317 | +€105,317 | +300.9% |
| Furniture and vehicles | 24 | €44,595 | €34,169 | -€10,426 | -23.4% |
| Other tangible fixed assets | 26 | €19,190 | €19,064 | -€125 | -0.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €743,083 | €535,020 | -€208,062 | -28.0% |
| Amounts receivable after more than one year | 29 | €300,000 | €220,000 | -€80,000 | -26.7% |
| Other amounts receivable | 291 | €300,000 | €220,000 | -€80,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €184,000 | €168,730 | -€15,270 | -8.3% |
| Trade receivables | 40 | €184,000 | €158,618 | -€25,382 | -13.8% |
| Other amounts receivable | 41 | - | €10,112 | +€10,112 | |
| Cash at bank and in hand | 54/58 | €241,327 | €123,020 | -€118,307 | -49.0% |
| Deferred charges and accrued income | 490/1 | €17,756 | €23,271 | +€5,514 | +31.1% |
| Total equity and liabilities | 10/49 | €842,267 | €728,971 | -€113,296 | -13.5% |
| Equity | 10/15 | €736,560 | €388,897 | -€347,663 | -47.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €734,060 | €386,397 | -€347,663 | -47.4% |
| Distributable reserves | 133 | €734,060 | €386,397 | -€347,663 | -47.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,707 | €340,074 | +€234,366 | +221.7% |
| Amounts payable after more than one year | 17 | €19,971 | €8,190 | -€11,781 | -59.0% |
| Financial debts | 170/4 | €19,971 | €8,190 | -€11,781 | -59.0% |
| Amounts payable within one year | 42/48 | €85,736 | €331,884 | +€246,148 | +287.1% |
| Current portion of amounts payable after more than one year | 42 | €11,204 | €11,781 | +€578 | +5.2% |
| Trade debts | 44 | €1,890 | €6,671 | +€4,781 | +253.0% |
| Suppliers | 440/4 | €1,890 | €6,671 | +€4,781 | +253.0% |
| Taxes, remuneration and social security | 45 | €71,357 | €55,673 | -€15,685 | -22.0% |
| Taxes | 450/3 | €71,357 | €55,673 | -€15,685 | -22.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,285 | €257,759 | +€256,474 | +19955.0% |
| Non-recurring operating income | 76A | €1,504 | €0 | -€1,504 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,324 | €22,243 | +€6,919 | +45.2% |
| Other operating charges | 640/8 | €1,283 | €11,904 | +€10,621 | +827.5% |
| Gross operating margin | 9900 | €187,777 | €167,195 | -€20,582 | -11.0% |
| Operating profit (loss) | 9901 | €171,169 | €133,048 | -€38,122 | -22.3% |
| Financial income | 75/76B | €4,500 | €4,138 | -€362 | -8.0% |
| Recurring financial income | 75 | €4,500 | €4,138 | -€362 | -8.0% |
| Financial charges | 65/66B | €2,124 | €1,643 | -€481 | -22.6% |
| Recurring financial charges | 65 | €2,124 | €1,643 | -€481 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €173,545 | €135,543 | -€38,003 | -21.9% |
| Income taxes | 67/77 | €39,854 | €30,264 | -€9,590 | -24.1% |
| Profit (loss) for the period | 9904 | €133,691 | €105,278 | -€28,413 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,691 | €105,278 | -€28,413 | -21.3% |
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 9 October 2026 via checked.be.