LAVAGRO: 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.
LAVAGRO
Largest movements
- Receivables within one year -€838,650
down €838,650 (-52.6%), from €1.6m to €754,716
of which Other amounts receivable: -€483,694
- Tangible fixed assets +€610,155
up €610,155 (+20.2%), from €3.0m to €3.6m
of which Plant, machinery and equipment: +€866,123
- Deferred charges and accrued income +€344,441
up €344,441 (+1332.9%), from €25,842 to €370,284
- Cash +€161,817
up €161,817 (+54.2%), from €298,513 to €460,330
mainly Depreciation (+€1.0m) and Receivables within one year (+€838,650)
- Reserves +€147,738
up €147,738 (+3.7%), from €3.9m to €4.1m
of which Distributable reserves: +€170,988
- Trade debts +€147,283
up €147,283 (+20.0%), from €736,105 to €883,388
- Depreciation +€297,961
up €297,961 (+41.4%), from €719,044 to €1.0m
- Services and other goods +€275,750
up €275,750 (+21.4%), from €1.3m to €1.6m
- Staff costs +€146,753
up €146,753 (+13.6%), from €1.1m to €1.2m
- Taxes -€114,986
down €114,986 (-63.1%), from €182,096 to €67,110
- Turnover +€77,572
up €77,572 (+1.9%), from €4.2m to €4.3m
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 | €4,991,120 | €5,259,068 | +€267,948 | +5.4% |
| Fixed assets | 21/28 | €3,073,397 | €3,673,737 | +€600,340 | +19.5% |
| Tangible fixed assets | 22/27 | €3,018,347 | €3,628,502 | +€610,155 | +20.2% |
| Land and buildings | 22 | €271,032 | €271,032 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,878,329 | €2,744,452 | +€866,123 | +46.1% |
| Furniture and vehicles | 24 | €868,986 | €613,018 | -€255,968 | -29.5% |
| Financial fixed assets | 28 | €55,050 | €45,235 | -€9,815 | -17.8% |
| Other financial fixed assets | 284/8 | €55,050 | €45,235 | -€9,815 | -17.8% |
| Amounts receivable and cash guarantees | 285/8 | €55,050 | €45,235 | -€9,815 | -17.8% |
| Current assets | 29/58 | €1,917,723 | €1,585,330 | -€332,392 | -17.3% |
| Amounts receivable within one year | 40/41 | €1,593,367 | €754,716 | -€838,650 | -52.6% |
| Trade receivables | 40 | €877,538 | €522,582 | -€354,956 | -40.4% |
| Other amounts receivable | 41 | €715,829 | €232,135 | -€483,694 | -67.6% |
| Cash at bank and in hand | 54/58 | €298,513 | €460,330 | +€161,817 | +54.2% |
| Deferred charges and accrued income | 490/1 | €25,842 | €370,284 | +€344,441 | +1332.9% |
| Total equity and liabilities | 10/49 | €4,991,120 | €5,259,068 | +€267,948 | +5.4% |
| Equity | 10/15 | €4,051,118 | €4,198,856 | +€147,738 | +3.6% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €3,946,118 | €4,093,856 | +€147,738 | +3.7% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,111 | €63,861 | -€23,250 | -26.7% |
| Distributable reserves | 133 | €3,848,507 | €4,019,496 | +€170,988 | +4.4% |
| Provisions and deferred taxes | 16 | €29,037 | €21,287 | -€7,750 | -26.7% |
| Deferred taxes | 168 | €29,037 | €21,287 | -€7,750 | -26.7% |
| Amounts payable | 17/49 | €910,965 | €1,038,925 | +€127,960 | +14.0% |
| Amounts payable within one year | 42/48 | €910,965 | €1,038,925 | +€127,960 | +14.0% |
| Trade debts | 44 | €736,105 | €883,388 | +€147,283 | +20.0% |
| Suppliers | 440/4 | €736,105 | €883,388 | +€147,283 | +20.0% |
| Taxes, remuneration and social security | 45 | €73,808 | €55,536 | -€18,272 | -24.8% |
| Taxes | 450/3 | €32,096 | - | -€32,096 | |
| Remuneration and social security | 454/9 | €41,712 | €55,536 | +€13,824 | +33.1% |
| Other amounts payable | 47/48 | €101,051 | €100,000 | -€1,051 | -1.0% |
| Operating income | 70/76A | €4,281,311 | €4,607,178 | +€325,867 | +7.6% |
| Turnover | 70 | €4,185,060 | €4,262,633 | +€77,572 | +1.9% |
| Other operating income | 74 | €50,454 | €62,045 | +€11,591 | +23.0% |
| Non-recurring operating income | 76A | €45,796 | €282,500 | +€236,704 | +516.9% |
| Operating charges | 60/66A | €3,611,591 | €4,398,052 | +€786,461 | +21.8% |
| Goods for resale, raw materials and consumables | 60 | €490,766 | €558,169 | +€67,403 | +13.7% |
| Purchases | 600/8 | €490,766 | €558,169 | +€67,403 | +13.7% |
| Services and other goods | 61 | €1,290,467 | €1,566,217 | +€275,750 | +21.4% |
| Remuneration, social security and pensions | 62 | €1,077,953 | €1,224,707 | +€146,753 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719,044 | €1,017,005 | +€297,961 | +41.4% |
| Other operating charges | 640/8 | €33,361 | €31,956 | -€1,406 | -4.2% |
| Operating profit (loss) | 9901 | €669,719 | €209,126 | -€460,594 | -68.8% |
| Financial income | 75/76B | €0 | €417 | +€417 | +148800.0% |
| Recurring financial income | 75 | €0 | €417 | +€417 | +148800.0% |
| Income from current assets | 751 | - | €417 | +€417 | |
| Other financial income | 752/9 | €0 | €0 | -€0 | -71.4% |
| Financial charges | 65/66B | €684 | €2,444 | +€1,761 | +257.6% |
| Recurring financial charges | 65 | €684 | €2,444 | +€1,761 | +257.6% |
| Other financial charges | 652/9 | €684 | €2,444 | +€1,761 | +257.6% |
| Profit (loss) for the period before taxes | 9903 | €669,036 | €207,099 | -€461,937 | -69.0% |
| Transfer from deferred taxes | 780 | €7,750 | €7,750 | = | 0.0% |
| Income taxes | 67/77 | €182,096 | €67,110 | -€114,986 | -63.1% |
| Taxes | 670/3 | €182,096 | €67,110 | -€114,986 | -63.1% |
| Profit (loss) for the period | 9904 | €494,690 | €147,738 | -€346,952 | -70.1% |
| Transfer from tax-exempt reserves | 789 | €23,250 | €23,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €517,940 | €170,988 | -€346,952 | -67.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.