LAVAL: 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.
LAVAL
Largest movements
- Current investments -€690,000
down €690,000 (-100%), from €690,000 to €0
- Intangible fixed assets +€520,712
up €520,712 (+8,679%), from €6,000 to €526,712
- Tangible fixed assets +€181,767
up €181,767 (+32.5%), from €559,993 to €741,760
of which Land and buildings: +€177,705
- Receivables within one year +€41,714
up €41,714 (+93.1%), from €44,797 to €86,510
of which Other amounts receivable: +€23,434
- Cash +€30,202
up €30,202 (+228%), from €13,222 to €43,425
mainly Current investments (+€690,000) and Depreciation (+€93,353)
- Debts after one year +€52,737
up €52,737 (+5.6%), from €937,746 to €990,483
- Other debts -€48,000
down €48,000 (-100%), from €48,000 to €0
- Tax, wage and social debts +€39,517
up €39,517 (+1,013%), from €3,899 to €43,417
of which Taxes: +€31,586
- Current portion of long-term debt +€39,188
up €39,188 (+30.7%), from €127,796 to €166,984
- Gross operating margin +€216,713
up €216,713 (+344%), from €63,053 to €279,766
- Financial income -€88,485
down €88,485 (-98.2%), from €90,119 to €1,635
- Staff costs +€78,070
new in 2025: €78,070
- Depreciation +€63,179
up €63,179 (+209%), from €30,174 to €93,353
- Taxes +€31,796
up €31,796 (+1,893%), from €1,680 to €33,476
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 | €1,316,724 | €1,403,640 | +€86,916 | +6.6% |
| Fixed assets | 21/28 | €565,993 | €1,268,472 | +€702,479 | +124% |
| Intangible fixed assets | 21 | €6,000 | €526,712 | +€520,712 | +8,679% |
| Tangible fixed assets | 22/27 | €559,993 | €741,760 | +€181,767 | +32.5% |
| Land and buildings | 22 | €549,362 | €727,068 | +€177,705 | +32.3% |
| Plant, machinery and equipment | 23 | €6,891 | €11,169 | +€4,279 | +62.1% |
| Furniture and vehicles | 24 | €3,740 | €2,194 | -€1,546 | -41.3% |
| Other tangible fixed assets | 26 | - | €1,329 | +€1,329 | |
| Current assets | 29/58 | €750,731 | €135,168 | -€615,563 | -82.0% |
| Amounts receivable within one year | 40/41 | €44,797 | €86,510 | +€41,714 | +93.1% |
| Trade receivables | 40 | - | €18,279 | +€18,279 | |
| Other amounts receivable | 41 | €44,797 | €68,231 | +€23,434 | +52.3% |
| Current investments | 50/53 | €690,000 | €0 | -€690,000 | -100% |
| Cash at bank and in hand | 54/58 | €13,222 | €43,425 | +€30,202 | +228% |
| Deferred charges and accrued income | 490/1 | €2,712 | €5,233 | +€2,521 | +93.0% |
| Total equity and liabilities | 10/49 | €1,316,724 | €1,403,640 | +€86,916 | +6.6% |
| Equity | 10/15 | €187,647 | €190,003 | +€2,356 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €169,055 | €171,411 | +€2,356 | +1.4% |
| Distributable reserves | 133 | €169,055 | €171,411 | +€2,356 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,129,076 | €1,213,637 | +€84,561 | +7.5% |
| Amounts payable after more than one year | 17 | €937,746 | €990,483 | +€52,737 | +5.6% |
| Financial debts | 170/4 | €937,746 | €990,483 | +€52,737 | +5.6% |
| Amounts payable within one year | 42/48 | €186,242 | €218,070 | +€31,828 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €127,796 | €166,984 | +€39,188 | +30.7% |
| Trade debts | 44 | €6,547 | €7,670 | +€1,123 | +17.2% |
| Suppliers | 440/4 | €6,547 | €7,670 | +€1,123 | +17.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,899 | €43,417 | +€39,517 | +1,013% |
| Taxes | 450/3 | €3,899 | €35,486 | +€31,586 | +810% |
| Remuneration and social security | 454/9 | - | €7,931 | +€7,931 | |
| Other amounts payable | 47/48 | €48,000 | €0 | -€48,000 | -100% |
| Accrued charges and deferred income | 492/3 | €5,088 | €5,084 | -€5 | -0.1% |
| Remuneration, social security and pensions | 62 | - | €78,070 | +€78,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,174 | €93,353 | +€63,179 | +209% |
| Other operating charges | 640/8 | €1,071 | €27,781 | +€26,710 | +2,494% |
| Gross operating margin | 9900 | €63,053 | €279,766 | +€216,713 | +344% |
| Operating profit (loss) | 9901 | €31,808 | €80,562 | +€48,754 | +153% |
| Financial income | 75/76B | €90,119 | €1,635 | -€88,485 | -98.2% |
| Recurring financial income | 75 | €90,119 | €1,635 | -€88,485 | -98.2% |
| Financial charges | 65/66B | €23,649 | €36,365 | +€12,716 | +53.8% |
| Recurring financial charges | 65 | €23,649 | €36,365 | +€12,716 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €98,278 | €45,832 | -€52,447 | -53.4% |
| Income taxes | 67/77 | €1,680 | €33,476 | +€31,796 | +1,893% |
| Profit (loss) for the period | 9904 | €96,599 | €12,356 | -€84,243 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,599 | €12,356 | -€84,243 | -87.2% |
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 18 October 2026 via checked.be.