LAVAN: 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.
LAVAN
Largest movements
- Current investments +€26,383
up €26,383 (+20.7%), from €127,635 to €154,018
- Cash +€23,499
up €23,499 (+9.1%), from €259,394 to €282,893
mainly Net result for the year (+€54,690) and Tax, wage and social debts (+€9,744)
- Reserves +€54,690
up €54,690 (+11.0%), from €497,989 to €552,679
- Trade debts -€18,790
down €18,790 (-98.6%), from €19,057 to €267
- Tax, wage and social debts +€9,744
up €9,744 (+59.7%), from €16,313 to €26,056
- Gross operating margin -€1,587
down €1,587 (-1.8%), from €88,121 to €86,534
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 | €668,293 | €711,625 | +€43,332 | +6.5% |
| Fixed assets | 21/28 | €271,208 | €264,658 | -€6,550 | -2.4% |
| Tangible fixed assets | 22/27 | €271,208 | €264,658 | -€6,550 | -2.4% |
| Land and buildings | 22 | €264,112 | €264,112 | = | 0.0% |
| Furniture and vehicles | 24 | €7,096 | €546 | -€6,550 | -92.3% |
| Current assets | 29/58 | €397,085 | €446,967 | +€49,882 | +12.6% |
| Amounts receivable within one year | 40/41 | €10,056 | €10,056 | = | 0.0% |
| Trade receivables | 40 | €10,056 | €10,056 | = | 0.0% |
| Current investments | 50/53 | €127,635 | €154,018 | +€26,383 | +20.7% |
| Cash at bank and in hand | 54/58 | €259,394 | €282,893 | +€23,499 | +9.1% |
| Total equity and liabilities | 10/49 | €668,293 | €711,625 | +€43,332 | +6.5% |
| Equity | 10/15 | €621,932 | €676,622 | +€54,690 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €497,989 | €552,679 | +€54,690 | +11.0% |
| Distributable reserves | 133 | €497,989 | €552,679 | +€54,690 | +11.0% |
| Profit (loss) carried forward | 14 | €117,743 | €117,743 | = | 0.0% |
| Amounts payable | 17/49 | €46,361 | €35,003 | -€11,359 | -24.5% |
| Amounts payable within one year | 42/48 | €46,327 | €34,968 | -€11,359 | -24.5% |
| Trade debts | 44 | €19,057 | €267 | -€18,790 | -98.6% |
| Suppliers | 440/4 | €19,057 | €267 | -€18,790 | -98.6% |
| Taxes, remuneration and social security | 45 | €16,313 | €26,056 | +€9,744 | +59.7% |
| Taxes | 450/3 | €16,313 | €26,056 | +€9,744 | +59.7% |
| Other amounts payable | 47/48 | €10,957 | €8,645 | -€2,313 | -21.1% |
| Accrued charges and deferred income | 492/3 | €34 | €34 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,550 | €6,550 | = | 0.0% |
| Other operating charges | 640/8 | €947 | €1,676 | +€729 | +77.0% |
| Gross operating margin | 9900 | €88,121 | €86,534 | -€1,587 | -1.8% |
| Operating profit (loss) | 9901 | €80,624 | €78,308 | -€2,317 | -2.9% |
| Financial income | 75/76B | €3,847 | €4,153 | +€306 | +8.0% |
| Recurring financial income | 75 | €3,847 | €4,153 | +€306 | +8.0% |
| Financial charges | 65/66B | €786 | €732 | -€53 | -6.8% |
| Recurring financial charges | 65 | €786 | €732 | -€53 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €83,686 | €81,728 | -€1,957 | -2.3% |
| Income taxes | 67/77 | €27,503 | €27,038 | -€465 | -1.7% |
| Profit (loss) for the period | 9904 | €56,183 | €54,690 | -€1,493 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,183 | €54,690 | -€1,493 | -2.7% |
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 20 October 2026 via checked.be.