Lavaco: 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.
Lavaco
Largest movements
- Cash +€12,575
up €12,575 (+131.1%), from €9,594 to €22,169
mainly Net result for the year (+€5,152) and Other debts (+€4,179)
- Deferred charges and accrued income +€1,977
up €1,977 (+297.0%), from €666 to €2,643
- Tangible fixed assets -€519
down €519 (-23.5%), from €2,214 to €1,695
- Reserves +€4,319
up €4,319 (+305.7%), from €1,413 to €5,732
- Other debts +€4,179
up €4,179 (+65.6%), from €6,370 to €10,549
- Tax, wage and social debts +€3,890
up €3,890 (+490.9%), from €792 to €4,683
of which Taxes: +€2,140
- Trade debts +€1,543
new in 2025: €1,543
- Gross operating margin +€7,651
up €7,651 (+266.5%), from €2,871 to €10,522
- Financial charges +€2,794
up €2,794 (+5975.7%), from €47 to €2,840
- Taxes +€1,098
up €1,098 (+138.5%), from €792 to €1,890
- Depreciation +€137
up €137 (+35.7%), from €383 to €519
- Other operating charges -€116
down €116 (-49.2%), from €236 to €120
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 | €12,575 | €26,507 | +€13,932 | +110.8% |
| Fixed assets | 21/28 | €2,214 | €1,695 | -€519 | -23.5% |
| Tangible fixed assets | 22/27 | €2,214 | €1,695 | -€519 | -23.5% |
| Plant, machinery and equipment | 23 | €2,214 | €1,695 | -€519 | -23.5% |
| Current assets | 29/58 | €10,361 | €24,812 | +€14,451 | +139.5% |
| Amounts receivable within one year | 40/41 | €101 | €0 | -€101 | -100.0% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,594 | €22,169 | +€12,575 | +131.1% |
| Deferred charges and accrued income | 490/1 | €666 | €2,643 | +€1,977 | +297.0% |
| Total equity and liabilities | 10/49 | €12,575 | €26,507 | +€13,932 | +110.8% |
| Equity | 10/15 | €5,413 | €9,732 | +€4,319 | +79.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,413 | €5,732 | +€4,319 | +305.7% |
| Distributable reserves | 133 | €1,413 | €5,732 | +€4,319 | +305.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,162 | €16,775 | +€9,612 | +134.2% |
| Amounts payable within one year | 42/48 | €7,162 | €16,775 | +€9,612 | +134.2% |
| Trade debts | 44 | - | €1,543 | +€1,543 | |
| Suppliers | 440/4 | - | €1,543 | +€1,543 | |
| Taxes, remuneration and social security | 45 | €792 | €4,683 | +€3,890 | +490.9% |
| Taxes | 450/3 | €792 | €2,933 | +€2,140 | +270.1% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €6,370 | €10,549 | +€4,179 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €519 | +€137 | +35.7% |
| Other operating charges | 640/8 | €236 | €120 | -€116 | -49.2% |
| Gross operating margin | 9900 | €2,871 | €10,522 | +€7,651 | +266.5% |
| Operating profit (loss) | 9901 | €2,252 | €9,883 | +€7,631 | +338.8% |
| Financial charges | 65/66B | €47 | €2,840 | +€2,794 | +5975.7% |
| Recurring financial charges | 65 | €47 | €2,840 | +€2,794 | +5975.7% |
| Profit (loss) for the period before taxes | 9903 | €2,205 | €7,042 | +€4,837 | +219.3% |
| Income taxes | 67/77 | €792 | €1,890 | +€1,098 | +138.5% |
| Profit (loss) for the period | 9904 | €1,413 | €5,152 | +€3,739 | +264.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,413 | €5,152 | +€3,739 | +264.6% |
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 10 October 2026 via checked.be.