LAVAMED: 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.
LAVAMED
Largest movements
- Cash -€175,168
down €175,168 (-59.4%), from €294,822 to €119,654
mainly Other debts (-€182,607) and Provisions (-€58,103)
- Intangible fixed assets -€50,000
down €50,000 (-12.5%), from €400,000 to €350,000
- Deferred charges and accrued income +€22,610
up €22,610 (+37.5%), from €60,307 to €82,917
- Receivables within one year -€18,536
down €18,536 (-80.3%), from €23,093 to €4,558
of which Trade receivables: -€17,012
- Other debts -€182,607
down €182,607 (-98.4%), from €185,521 to €2,913
- Profit (loss) carried forward +€95,896
up €95,896 (+26274.4%), from €365 to €96,261
- Provisions -€58,103
no longer reported in 2025 (was €58,103)
- Debts after one year -€47,162
down €47,162 (-12.9%), from €366,396 to €319,234
- Trade debts -€16,189
down €16,189 (-66.6%), from €24,302 to €8,112
- Provisions -€116,207
down €116,207, from €58,103 to -€58,103
- Gross operating margin +€70,347
up €70,347 (+61.5%), from €114,343 to €184,690
- Financial charges +€67,522
up €67,522 (+551.8%), from €12,238 to €79,760
- Depreciation +€1,930
up €1,930 (+3.7%), from €52,289 to €54,219
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 | €785,562 | €572,026 | -€213,537 | -27.2% |
| Fixed assets | 21/28 | €407,340 | €364,896 | -€42,443 | -10.4% |
| Intangible fixed assets | 21 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Tangible fixed assets | 22/27 | €7,340 | €14,896 | +€7,557 | +103.0% |
| Plant, machinery and equipment | 23 | €3,122 | €2,404 | -€718 | -23.0% |
| Furniture and vehicles | 24 | €4,218 | €2,947 | -€1,270 | -30.1% |
| Other tangible fixed assets | 26 | - | €9,545 | +€9,545 | |
| Current assets | 29/58 | €378,223 | €207,129 | -€171,094 | -45.2% |
| Amounts receivable within one year | 40/41 | €23,093 | €4,558 | -€18,536 | -80.3% |
| Trade receivables | 40 | €21,570 | €4,558 | -€17,012 | -78.9% |
| Other amounts receivable | 41 | €1,523 | - | -€1,523 | |
| Cash at bank and in hand | 54/58 | €294,822 | €119,654 | -€175,168 | -59.4% |
| Deferred charges and accrued income | 490/1 | €60,307 | €82,917 | +€22,610 | +37.5% |
| Total equity and liabilities | 10/49 | €785,562 | €572,026 | -€213,537 | -27.2% |
| Equity | 10/15 | €62,865 | €158,761 | +€95,896 | +152.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,500 | €57,500 | = | 0.0% |
| Distributable reserves | 133 | €57,500 | €57,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365 | €96,261 | +€95,896 | +26274.4% |
| Provisions and deferred taxes | 16 | €58,103 | - | -€58,103 | |
| Deferred taxes | 168 | €58,103 | - | -€58,103 | |
| Amounts payable | 17/49 | €664,594 | €413,264 | -€251,330 | -37.8% |
| Amounts payable after more than one year | 17 | €366,396 | €319,234 | -€47,162 | -12.9% |
| Financial debts | 170/4 | €366,396 | €319,234 | -€47,162 | -12.9% |
| Amounts payable within one year | 42/48 | €298,198 | €94,031 | -€204,168 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €47,370 | €51,014 | +€3,644 | +7.7% |
| Trade debts | 44 | €24,302 | €8,112 | -€16,189 | -66.6% |
| Suppliers | 440/4 | €24,302 | €8,112 | -€16,189 | -66.6% |
| Taxes, remuneration and social security | 45 | €41,006 | €31,991 | -€9,015 | -22.0% |
| Taxes | 450/3 | €41,006 | €31,991 | -€9,015 | -22.0% |
| Other amounts payable | 47/48 | €185,521 | €2,913 | -€182,607 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,289 | €54,219 | +€1,930 | +3.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €58,103 | -€58,103 | -€116,207 | |
| Other operating charges | 640/8 | €106 | €120 | +€14 | +13.4% |
| Gross operating margin | 9900 | €114,343 | €184,690 | +€70,347 | +61.5% |
| Operating profit (loss) | 9901 | €3,844 | €188,454 | +€184,610 | +4802.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €12,238 | €79,760 | +€67,522 | +551.8% |
| Recurring financial charges | 65 | €12,238 | €79,760 | +€67,522 | +551.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,393 | €108,695 | +€117,089 | |
| Income taxes | 67/77 | €12,468 | €12,799 | +€331 | +2.7% |
| Profit (loss) for the period | 9904 | -€20,861 | €95,896 | +€116,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,861 | €95,896 | +€116,757 |
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 2 October 2026 via checked.be.