LAVANET: 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.
LAVANET
Largest movements
- Financial fixed assets -€156,103
down €156,103 (-24.2%), from €644,884 to €488,781
- Tangible fixed assets +€64,413
up €64,413 (+16.0%), from €403,494 to €467,907
of which Furniture and vehicles: +€69,556
- Cash -€20,294
down €20,294 (-21.5%), from €94,467 to €74,172
mainly Debts after one year (-€290,539) and Investment in fixed assets (net) (-€98,992)
- Debts after one year -€290,539
down €290,539 (-42.5%), from €683,774 to €393,236
- Profit (loss) carried forward +€142,260
no longer reported in 2024 (was -€142,260)
- Reserves +€105,750
up €105,750 (+260.0%), from €40,676 to €146,426
- Other debts -€43,463
down €43,463 (-14.2%), from €306,541 to €263,078
- Trade debts -€13,126
down €13,126 (-21.8%), from €60,239 to €47,113
- Depreciation -€99,719
down €99,719 (-34.3%), from €290,400 to €190,682
- Taxes +€32,692
up €32,692 (+97616.8%), from €33 to €32,725
- Staff costs +€29,912
up €29,912 (+35.5%), from €84,143 to €114,054
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,035 | €1,076,675 | -€102,360 | -8.7% |
| Fixed assets | 21/28 | €1,048,378 | €956,688 | -€91,689 | -8.7% |
| Tangible fixed assets | 22/27 | €403,494 | €467,907 | +€64,413 | +16.0% |
| Land and buildings | 22 | €76,792 | €66,521 | -€10,271 | -13.4% |
| Plant, machinery and equipment | 23 | €264,580 | €229,561 | -€35,019 | -13.2% |
| Furniture and vehicles | 24 | €61,529 | €131,085 | +€69,556 | +113.0% |
| Leasing and similar rights | 25 | €594 | €40,740 | +€40,147 | +6759.2% |
| Financial fixed assets | 28 | €644,884 | €488,781 | -€156,103 | -24.2% |
| Current assets | 29/58 | €130,657 | €119,986 | -€10,671 | -8.2% |
| Stocks and contracts in progress | 3 | €2,040 | €7,108 | +€5,069 | +248.5% |
| Stocks | 30/36 | €2,040 | €7,108 | +€5,069 | +248.5% |
| Amounts receivable within one year | 40/41 | €19,370 | €24,339 | +€4,969 | +25.7% |
| Trade receivables | 40 | €19,367 | €22,034 | +€2,667 | +13.8% |
| Other amounts receivable | 41 | €3 | €2,305 | +€2,302 | +74256.8% |
| Cash at bank and in hand | 54/58 | €94,467 | €74,172 | -€20,294 | -21.5% |
| Deferred charges and accrued income | 490/1 | €14,781 | €14,367 | -€414 | -2.8% |
| Total equity and liabilities | 10/49 | €1,179,035 | €1,076,675 | -€102,360 | -8.7% |
| Equity | 10/15 | -€82,984 | €165,026 | +€248,010 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,676 | €146,426 | +€105,750 | +260.0% |
| Distributable reserves | 133 | €40,676 | €146,426 | +€105,750 | +260.0% |
| Profit (loss) carried forward | 14 | -€142,260 | - | +€142,260 | |
| Amounts payable | 17/49 | €1,262,019 | €911,649 | -€350,370 | -27.8% |
| Amounts payable after more than one year | 17 | €683,774 | €393,236 | -€290,539 | -42.5% |
| Financial debts | 170/4 | €683,774 | €393,236 | -€290,539 | -42.5% |
| Amounts payable within one year | 42/48 | €576,879 | €517,456 | -€59,423 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €187,315 | €175,234 | -€12,081 | -6.4% |
| Trade debts | 44 | €60,239 | €47,113 | -€13,126 | -21.8% |
| Suppliers | 440/4 | €60,239 | €47,113 | -€13,126 | -21.8% |
| Taxes, remuneration and social security | 45 | €22,784 | €32,031 | +€9,247 | +40.6% |
| Taxes | 450/3 | €15,559 | €19,780 | +€4,220 | +27.1% |
| Remuneration and social security | 454/9 | €7,224 | €12,251 | +€5,026 | +69.6% |
| Other amounts payable | 47/48 | €306,541 | €263,078 | -€43,463 | -14.2% |
| Accrued charges and deferred income | 492/3 | €1,367 | €958 | -€409 | -29.9% |
| Remuneration, social security and pensions | 62 | €84,143 | €114,054 | +€29,912 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,400 | €190,682 | -€99,719 | -34.3% |
| Other operating charges | 640/8 | €17,074 | €11,721 | -€5,352 | -31.3% |
| Gross operating margin | 9900 | €624,061 | €618,495 | -€5,566 | -0.9% |
| Operating profit (loss) | 9901 | €232,445 | €302,038 | +€69,593 | +29.9% |
| Financial income | 75/76B | €1,172 | €782 | -€390 | -33.3% |
| Recurring financial income | 75 | €1,172 | €782 | -€390 | -33.3% |
| Financial charges | 65/66B | €23,665 | €22,085 | -€1,580 | -6.7% |
| Recurring financial charges | 65 | €23,665 | €22,085 | -€1,580 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €209,953 | €280,736 | +€70,783 | +33.7% |
| Income taxes | 67/77 | €33 | €32,725 | +€32,692 | +97616.8% |
| Profit (loss) for the period | 9904 | €209,919 | €248,010 | +€38,091 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €209,919 | €248,010 | +€38,091 | +18.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.