LAVALO: 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.
What changed
LAVALO
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,764
2024 · €44,300-€22,536
Equity
€713,489
2024 · €691,725+€21,764
Cash
€124,985
2024 · €286,972-€161,987
Balance sheet total
€2.2m
2024 · €2.3m-€159,245
Largest movements
Assets
- Cash -€161,987
down €161,987 (-56.4%), from €286,972 to €124,985
mainly Debts after one year (-€129,209) and Trade debts (-€82,732)
Equity and liabilities
- Debts after one year -€129,209
down €129,209 (-19.7%), from €656,894 to €527,685
- Trade debts -€82,732
down €82,732 (-16.7%), from €495,538 to €412,806
- Accrued charges and deferred income +€36,206
new in 2025: €36,206
Income statement
- Gross operating margin -€249,472
down €249,472 (-69.2%), from €360,551 to €111,079
- Write-downs -€233,100
no longer reported in 2025 (was €233,100)
- Depreciation +€35,670
up €35,670 (+179.2%), from €19,900 to €55,569
- Taxes -€12,011
down €12,011 (-57.0%), from €21,063 to €9,052
- Other operating charges -€7,822
down €7,822 (-38.2%), from €20,476 to €12,654
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.
Result 2024
€44,300
Gross operating margin
-€249,472
Depreciation
-€35,670
Write-downs
+€233,100
Other operating charges
+€7,822
Other operating items
+€9,000
Financial income
+€47
Financial charges
+€626
Taxes
+€12,011
Result 2025
€21,764
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.
From operations
+€43,122
Investment
-€72,130
Financing
-€132,979
Cash 2024
€286,972
From operations (derived)
+€43,122
Net result for the year
+€21,764
Depreciation
+€55,569
Receivables within one year
+€14,771
Deferred charges and accrued income
-€952
Trade debts
-€82,732
Tax, wage and social debts
-€14,801
Other debts
+€13,297
Accrued charges and deferred income
+€36,206
Investment (derived)
-€72,130
Investment in fixed assets (net)
-€72,130
Financing
-€132,979
Debts after one year
-€129,209
Current portion of long-term debt
-€3,770
Cash 2025
€124,985
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,316,693 | €2,157,448 | -€159,245 | -6.9% |
| Fixed assets | 21/28 | €1,852,685 | €1,869,246 | +€16,561 | +0.9% |
| Tangible fixed assets | 22/27 | €1,118,927 | €1,135,487 | +€16,561 | +1.5% |
| Land and buildings | 22 | €1,108,395 | €1,098,545 | -€9,850 | -0.9% |
| Plant, machinery and equipment | 23 | - | €36,460 | +€36,460 | |
| Furniture and vehicles | 24 | €10,532 | €482 | -€10,050 | -95.4% |
| Financial fixed assets | 28 | €733,759 | €733,759 | = | 0.0% |
| Current assets | 29/58 | €464,007 | €288,202 | -€175,805 | -37.9% |
| Amounts receivable within one year | 40/41 | €177,035 | €162,265 | -€14,771 | -8.3% |
| Trade receivables | 40 | €61,319 | €35,477 | -€25,842 | -42.1% |
| Other amounts receivable | 41 | €115,716 | €126,788 | +€11,071 | +9.6% |
| Cash at bank and in hand | 54/58 | €286,972 | €124,985 | -€161,987 | -56.4% |
| Deferred charges and accrued income | 490/1 | - | €952 | +€952 | |
| Total equity and liabilities | 10/49 | €2,316,693 | €2,157,448 | -€159,245 | -6.9% |
| Equity | 10/15 | €691,725 | €713,489 | +€21,764 | +3.1% |
| Contributions | 10/11 | €587,609 | €587,609 | = | 0.0% |
| Reserves | 13 | €127,304 | €127,304 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €71,054 | €71,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,188 | -€1,424 | +€21,764 | +93.9% |
| Amounts payable | 17/49 | €1,624,968 | €1,443,960 | -€181,008 | -11.1% |
| Amounts payable after more than one year | 17 | €656,894 | €527,685 | -€129,209 | -19.7% |
| Financial debts | 170/4 | €656,894 | €527,685 | -€129,209 | -19.7% |
| Amounts payable within one year | 42/48 | €968,074 | €880,068 | -€88,006 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €126,833 | €123,063 | -€3,770 | -3.0% |
| Trade debts | 44 | €495,538 | €412,806 | -€82,732 | -16.7% |
| Suppliers | 440/4 | €495,538 | €412,806 | -€82,732 | -16.7% |
| Advances received on contracts in progress | 46 | €18,589 | €18,589 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,783 | €8,982 | -€14,801 | -62.2% |
| Taxes | 450/3 | €23,783 | €8,982 | -€14,801 | -62.2% |
| Other amounts payable | 47/48 | €303,332 | €316,629 | +€13,297 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €36,206 | +€36,206 | |
| Non-recurring operating income | 76A | €1,927 | - | -€1,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,900 | €55,569 | +€35,670 | +179.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €233,100 | - | -€233,100 | |
| Other operating charges | 640/8 | €20,476 | €12,654 | -€7,822 | -38.2% |
| Non-recurring operating charges | 66A | €9,000 | - | -€9,000 | |
| Gross operating margin | 9900 | €360,551 | €111,079 | -€249,472 | -69.2% |
| Operating profit (loss) | 9901 | €78,076 | €42,856 | -€35,220 | -45.1% |
| Financial income | 75/76B | €330 | €376 | +€47 | +14.2% |
| Recurring financial income | 75 | €330 | €376 | +€47 | +14.2% |
| Financial charges | 65/66B | €13,043 | €12,417 | -€626 | -4.8% |
| Recurring financial charges | 65 | €13,043 | €12,417 | -€626 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €65,363 | €30,816 | -€34,548 | -52.9% |
| Income taxes | 67/77 | €21,063 | €9,052 | -€12,011 | -57.0% |
| Profit (loss) for the period | 9904 | €44,300 | €21,764 | -€22,536 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,300 | €21,764 | -€22,536 | -50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.