Lavanco: 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.
Lavanco
Largest movements
- Cash +€870,503
up €870,503 (+236.5%), from €368,074 to €1.2m
mainly Net result for the year (+€553,811) and Other debts (+€366,348)
- Stocks and contracts -€158,700
down €158,700 (-29.6%), from €536,650 to €377,950
- Tangible fixed assets -€104,781
down €104,781 (-6.0%), from €1.7m to €1.6m
of which Land and buildings: -€109,464
- Other debts +€366,348
up €366,348 (+22.9%), from €1.6m to €2.0m
- Trade debts +€224,791
up €224,791 (+131.7%), from €170,743 to €395,534
- Reserves +€113,811
up €113,811 (+6.1%), from €1.9m to €2.0m
of which Distributable reserves: +€113,811
- Gross operating margin +€511,490
up €511,490 (+497.9%), from €102,735 to €614,225
- Financial income +€25,717
up €25,717 (+14.7%), from €174,453 to €200,170
- Taxes +€15,857
up €15,857 (+1152.1%), from €1,376 to €17,233
- Financial charges -€10,731
down €10,731 (-11.3%), from €95,371 to €84,639
- Depreciation -€8,919
down €8,919 (-7.2%), from €124,185 to €115,266
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 | €3,872,532 | €4,564,629 | +€692,096 | +17.9% |
| Fixed assets | 21/28 | €1,732,267 | €1,627,485 | -€104,781 | -6.0% |
| Tangible fixed assets | 22/27 | €1,732,267 | €1,627,485 | -€104,781 | -6.0% |
| Land and buildings | 22 | €1,719,436 | €1,609,972 | -€109,464 | -6.4% |
| Plant, machinery and equipment | 23 | €12,487 | €17,349 | +€4,863 | +38.9% |
| Furniture and vehicles | 24 | €344 | €164 | -€180 | -52.2% |
| Current assets | 29/58 | €2,140,266 | €2,937,143 | +€796,878 | +37.2% |
| Stocks and contracts in progress | 3 | €536,650 | €377,950 | -€158,700 | -29.6% |
| Stocks | 30/36 | €536,650 | €377,950 | -€158,700 | -29.6% |
| Amounts receivable within one year | 40/41 | €717,083 | €758,147 | +€41,064 | +5.7% |
| Trade receivables | 40 | €710,307 | €757,718 | +€47,412 | +6.7% |
| Other amounts receivable | 41 | €6,776 | €429 | -€6,347 | -93.7% |
| Current investments | 50/53 | €518,073 | €562,448 | +€44,375 | +8.6% |
| Cash at bank and in hand | 54/58 | €368,074 | €1,238,578 | +€870,503 | +236.5% |
| Deferred charges and accrued income | 490/1 | €386 | €21 | -€365 | -94.6% |
| Total equity and liabilities | 10/49 | €3,872,532 | €4,564,629 | +€692,096 | +17.9% |
| Equity | 10/15 | €1,948,129 | €2,061,940 | +€113,811 | +5.8% |
| Contributions | 10/11 | €79,280 | €79,280 | = | 0.0% |
| Capital | 10 | €79,280 | €79,280 | = | 0.0% |
| Issued capital | 100 | €79,280 | €79,280 | = | 0.0% |
| Reserves | 13 | €1,868,849 | €1,982,660 | +€113,811 | +6.1% |
| Non-distributable reserves | 130/1 | €37,928 | €37,928 | = | 0.0% |
| Legal reserve | 130 | €37,928 | €37,928 | = | 0.0% |
| Distributable reserves | 133 | €1,830,921 | €1,944,732 | +€113,811 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,924,403 | €2,502,689 | +€578,286 | +30.1% |
| Amounts payable within one year | 42/48 | €1,846,079 | €2,435,542 | +€589,463 | +31.9% |
| Trade debts | 44 | €170,743 | €395,534 | +€224,791 | +131.7% |
| Suppliers | 440/4 | €170,743 | €395,534 | +€224,791 | +131.7% |
| Taxes, remuneration and social security | 45 | €74,572 | €72,896 | -€1,676 | -2.2% |
| Taxes | 450/3 | €74,572 | €72,896 | -€1,676 | -2.2% |
| Other amounts payable | 47/48 | €1,600,764 | €1,967,112 | +€366,348 | +22.9% |
| Accrued charges and deferred income | 492/3 | €78,324 | €67,146 | -€11,177 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,185 | €115,266 | -€8,919 | -7.2% |
| Other operating charges | 640/8 | €42,104 | €43,446 | +€1,342 | +3.2% |
| Gross operating margin | 9900 | €102,735 | €614,225 | +€511,490 | +497.9% |
| Operating profit (loss) | 9901 | -€63,554 | €455,513 | +€519,067 | |
| Financial income | 75/76B | €174,453 | €200,170 | +€25,717 | +14.7% |
| Recurring financial income | 75 | €174,453 | €200,170 | +€25,717 | +14.7% |
| Financial charges | 65/66B | €95,371 | €84,639 | -€10,731 | -11.3% |
| Recurring financial charges | 65 | €95,371 | €84,639 | -€10,731 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €15,529 | €571,044 | +€555,515 | +3577.3% |
| Income taxes | 67/77 | €1,376 | €17,233 | +€15,857 | +1152.1% |
| Profit (loss) for the period | 9904 | €14,153 | €553,811 | +€539,658 | +3813.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,153 | €553,811 | +€539,658 | +3813.2% |
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 5 October 2026 via checked.be.