LAVAN: 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.
LAVAN
Largest movements
- Current investments -€321,604
down €321,604 (-27.8%), from €1.2m to €834,877
- Receivables within one year +€130,729
up €130,729 (+935.3%), from €13,977 to €144,705
- Cash +€43,121
up €43,121 (+115.4%), from €37,377 to €80,498
mainly Current investments (+€321,604) and Net result for the year (+€155,199)
- Tangible fixed assets -€30,250
down €30,250 (-2.1%), from €1.4m to €1.4m
- Other debts -€331,244
down €331,244 (-33.1%), from €1.0m to €669,893
- Profit (loss) carried forward +€155,199
up €155,199 (+17.3%), from €897,619 to €1.1m
- Gross operating margin +€6,066
up €6,066 (+2.6%), from €230,711 to €236,777
- Financial income -€3,523
down €3,523 (-12.5%), from €28,298 to €24,774
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 | €2,658,529 | €2,483,076 | -€175,454 | -6.6% |
| Fixed assets | 21/28 | €1,444,419 | €1,414,169 | -€30,250 | -2.1% |
| Tangible fixed assets | 22/27 | €1,444,419 | €1,414,169 | -€30,250 | -2.1% |
| Land and buildings | 22 | €1,444,419 | €1,414,169 | -€30,250 | -2.1% |
| Current assets | 29/58 | €1,214,110 | €1,068,906 | -€145,204 | -12.0% |
| Amounts receivable within one year | 40/41 | €13,977 | €144,705 | +€130,729 | +935.3% |
| Other amounts receivable | 41 | €13,977 | €144,705 | +€130,729 | +935.3% |
| Current investments | 50/53 | €1,156,480 | €834,877 | -€321,604 | -27.8% |
| Cash at bank and in hand | 54/58 | €37,377 | €80,498 | +€43,121 | +115.4% |
| Deferred charges and accrued income | 490/1 | €6,276 | €8,826 | +€2,550 | +40.6% |
| Total equity and liabilities | 10/49 | €2,658,529 | €2,483,076 | -€175,454 | -6.6% |
| Equity | 10/15 | €1,639,145 | €1,794,344 | +€155,199 | +9.5% |
| 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 | €679,527 | €679,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,038 | €1,038 | = | 0.0% |
| Distributable reserves | 133 | €672,289 | €672,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €897,619 | €1,052,818 | +€155,199 | +17.3% |
| Amounts payable | 17/49 | €1,019,384 | €688,731 | -€330,653 | -32.4% |
| Amounts payable within one year | 42/48 | €1,001,137 | €669,893 | -€331,244 | -33.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,001,137 | €669,893 | -€331,244 | -33.1% |
| Accrued charges and deferred income | 492/3 | €18,247 | €18,838 | +€592 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,250 | €30,250 | = | 0.0% |
| Other operating charges | 640/8 | €19,467 | €20,088 | +€621 | +3.2% |
| Gross operating margin | 9900 | €230,711 | €236,777 | +€6,066 | +2.6% |
| Operating profit (loss) | 9901 | €180,994 | €186,439 | +€5,445 | +3.0% |
| Financial income | 75/76B | €28,298 | €24,774 | -€3,523 | -12.5% |
| Recurring financial income | 75 | €28,298 | €24,774 | -€3,523 | -12.5% |
| Financial charges | 65/66B | €2,446 | €3,797 | +€1,351 | +55.2% |
| Recurring financial charges | 65 | €2,446 | €3,797 | +€1,351 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €206,846 | €207,417 | +€571 | +0.3% |
| Income taxes | 67/77 | €51,957 | €52,218 | +€261 | +0.5% |
| Profit (loss) for the period | 9904 | €154,889 | €155,199 | +€310 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,889 | €155,199 | +€310 | +0.2% |
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 28 September 2026 via checked.be.