LAVAEL: 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.
LAVAEL
Largest movements
- Receivables within one year -€30,795
down €30,795 (-98.3%), from €31,321 to €526
of which Trade receivables: -€30,016
- Cash +€15,703
up €15,703 (+41.9%), from €37,472 to €53,175
mainly Trade debts (+€30,862) and Receivables within one year (+€30,795)
- Tangible fixed assets -€8,445
down €8,445 (-39.9%), from €21,165 to €12,720
of which Plant, machinery and equipment: -€5,184
- Financial fixed assets -€4,500
no longer reported in 2025 (was €4,500)
- Other debts -€31,250
down €31,250 (-62.2%), from €50,234 to €18,984
- Trade debts +€30,862
up €30,862 (+626.8%), from €4,924 to €35,786
- Profit (loss) carried forward -€27,649
down €27,649, from €6,300 to -€21,349
- Gross operating margin -€28,254
down €28,254, from €10,507 to -€17,747
- Taxes +€1,000
no longer reported in 2025 (was -€1,000)
- Other operating charges +€996
up €996 (+248.4%), from €401 to €1,397
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 | €94,458 | €66,421 | -€28,037 | -29.7% |
| Fixed assets | 21/28 | €25,665 | €12,720 | -€12,945 | -50.4% |
| Tangible fixed assets | 22/27 | €21,165 | €12,720 | -€8,445 | -39.9% |
| Plant, machinery and equipment | 23 | €7,487 | €2,303 | -€5,184 | -69.2% |
| Furniture and vehicles | 24 | €13,678 | €10,417 | -€3,261 | -23.8% |
| Financial fixed assets | 28 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €68,793 | €53,701 | -€15,092 | -21.9% |
| Amounts receivable within one year | 40/41 | €31,321 | €526 | -€30,795 | -98.3% |
| Trade receivables | 40 | €30,542 | €526 | -€30,016 | -98.3% |
| Other amounts receivable | 41 | €779 | - | -€779 | |
| Cash at bank and in hand | 54/58 | €37,472 | €53,175 | +€15,703 | +41.9% |
| Total equity and liabilities | 10/49 | €94,458 | €66,421 | -€28,037 | -29.7% |
| Equity | 10/15 | €39,300 | €11,651 | -€27,649 | -70.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,300 | -€21,349 | -€27,649 | |
| Amounts payable | 17/49 | €55,158 | €54,770 | -€388 | -0.7% |
| Amounts payable within one year | 42/48 | €55,158 | €54,770 | -€388 | -0.7% |
| Trade debts | 44 | €4,924 | €35,786 | +€30,862 | +626.8% |
| Suppliers | 440/4 | €4,924 | €35,786 | +€30,862 | +626.8% |
| Other amounts payable | 47/48 | €50,234 | €18,984 | -€31,250 | -62.2% |
| Non-recurring operating income | 76A | €798 | €1,476 | +€678 | +85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,616 | €4,616 | = | 0.0% |
| Other operating charges | 640/8 | €401 | €1,397 | +€996 | +248.4% |
| Gross operating margin | 9900 | €10,507 | -€17,747 | -€28,254 | |
| Operating profit (loss) | 9901 | €5,490 | -€23,760 | -€29,250 | |
| Financial charges | 65/66B | €95 | €62 | -€33 | -34.7% |
| Recurring financial charges | 65 | €95 | €62 | -€33 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €5,395 | -€23,822 | -€29,217 | |
| Income taxes | 67/77 | -€1,000 | - | +€1,000 | |
| Profit (loss) for the period | 9904 | €6,395 | -€23,822 | -€30,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,395 | -€23,822 | -€30,217 |
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 7 October 2026 via checked.be.