LAVAKEY: 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.
LAVAKEY
Largest movements
- Cash -€1,300
down €1,300 (-48.1%), from €2,700 to €1,400
mainly Net result for the year (-€104,220) and Debts after one year (-€3,436)
- Receivables within one year +€1,198
up €1,198 (+10.4%), from €11,539 to €12,737
of which Trade receivables: +€4,976
- Profit (loss) carried forward -€104,220
down €104,220 (-113%), from -€91,957 to -€196,177
- Trade debts +€98,294
up €98,294 (+728%), from €13,503 to €111,797
- Other debts +€8,500
new in 2025: €8,500
- Debts after one year -€3,436
down €3,436 (-12.3%), from €28,015 to €24,580
- Tax, wage and social debts +€760
new in 2025: €760
- Gross operating margin -€76,354
down €76,354 (-1,029%), from -€7,421 to -€83,774
- Other operating charges +€18,502
up €18,502 (+1,235%), from €1,498 to €20,000
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 | €14,239 | €14,137 | -€102 | -0.7% |
| Current assets | 29/58 | €14,239 | €14,137 | -€102 | -0.7% |
| Amounts receivable within one year | 40/41 | €11,539 | €12,737 | +€1,198 | +10.4% |
| Trade receivables | 40 | €7,685 | €12,661 | +€4,976 | +64.7% |
| Other amounts receivable | 41 | €3,854 | €76 | -€3,778 | -98.0% |
| Cash at bank and in hand | 54/58 | €2,700 | €1,400 | -€1,300 | -48.1% |
| Total equity and liabilities | 10/49 | €14,239 | €14,137 | -€102 | -0.7% |
| Equity | 10/15 | -€27,279 | -€131,499 | -€104,220 | -382% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,678 | €2,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,678 | €2,678 | = | 0.0% |
| Legal reserve | 130 | €2,678 | €2,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,957 | -€196,177 | -€104,220 | -113% |
| Amounts payable | 17/49 | €41,518 | €145,636 | +€104,118 | +251% |
| Amounts payable after more than one year | 17 | €28,015 | €24,580 | -€3,436 | -12.3% |
| Financial debts | 170/4 | €28,015 | €24,580 | -€3,436 | -12.3% |
| Amounts payable within one year | 42/48 | €13,503 | €121,057 | +€107,553 | +796% |
| Trade debts | 44 | €13,503 | €111,797 | +€98,294 | +728% |
| Suppliers | 440/4 | €13,503 | €111,797 | +€98,294 | +728% |
| Taxes, remuneration and social security | 45 | - | €760 | +€760 | |
| Taxes | 450/3 | - | €760 | +€760 | |
| Other amounts payable | 47/48 | - | €8,500 | +€8,500 | |
| Other operating charges | 640/8 | €1,498 | €20,000 | +€18,502 | +1,235% |
| Gross operating margin | 9900 | -€7,421 | -€83,774 | -€76,354 | -1,029% |
| Operating profit (loss) | 9901 | -€8,919 | -€103,774 | -€94,855 | -1,064% |
| Financial charges | 65/66B | €46 | €446 | +€400 | +878% |
| Recurring financial charges | 65 | €46 | €446 | +€400 | +878% |
| Profit (loss) for the period before taxes | 9903 | -€8,964 | -€104,220 | -€95,255 | -1,063% |
| Profit (loss) for the period | 9904 | -€8,964 | -€104,220 | -€95,255 | -1,063% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,964 | -€104,220 | -€95,255 | -1,063% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.