LAVANO: 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.
What changed
LAVANO
NACE 38.210, Materials recovery from waste
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€931,974
2024 · €2.4m-€1.5m
Equity
€10.0m
2024 · €9.0m+€931,974
Cash
€1.1m
2024 · €2.1m-€960,958
Balance sheet total
€10.9m
2024 · €11.8m-€918,517
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+19.4%), from €5.2m to €6.3m
of which Plant, machinery and equipment: +€1.1m
- Cash -€960,958
down €960,958 (-45.7%), from €2.1m to €1.1m
mainly Investment in fixed assets (net) (-€2.8m) and Other debts (-€1.3m)
- Current investments -€500,000
down €500,000 (-25.0%), from €2.0m to €1.5m
- Receivables within one year -€475,676
down €475,676 (-20.1%), from €2.4m to €1.9m
of which Trade receivables: -€401,466
Equity and liabilities
- Other debts -€1.3m
no longer reported in 2025 (was €1.3m)
- Reserves +€931,974
up €931,974 (+10.4%), from €9.0m to €9.9m
of which Distributable reserves: +€1.1m
- Trade debts -€520,040
down €520,040 (-44.5%), from €1.2m to €648,721
Income statement
- Services and other goods +€787,288
up €787,288 (+23.3%), from €3.4m to €4.2m
- Goods and materials -€619,597
down €619,597 (-36.9%), from €1.7m to €1.1m
- Turnover -€615,579
down €615,579 (-6.3%), from €9.8m to €9.2m
- Depreciation +€386,399
up €386,399 (+27.2%), from €1.4m to €1.8m
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.
Result 2024
€2.4m
Turnover
-€615,579
Other operating income
-€13,537
Goods and materials
+€619,597
Services and other goods
-€787,288
Staff costs
+€15,399
Depreciation
-€386,399
Other operating charges
+€19,673
Other operating items
-€443,689
Financial income
+€34,284
Financial charges
+€3,029
Taxes
-€28,022
Deferred taxes and other
+€92,496
Result 2025
€931,974
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.
From operations
+€1.4m
Investment
-€2.3m
Financing
€0
Cash 2024
€2.1m
From operations (derived)
+€1.4m
Net result for the year
+€931,974
Depreciation
+€1.8m
Receivables within one year
+€475,676
Provisions
-€43,608
Trade debts
-€520,040
Tax, wage and social debts
-€26,997
Other debts
-€1.3m
Accrued charges and deferred income
-€9,846
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.8m
Current investments
+€500,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,769,366 | €10,850,849 | -€918,517 | -7.8% |
| Fixed assets | 21/28 | €5,296,581 | €6,314,699 | +€1.0m | +19.2% |
| Tangible fixed assets | 22/27 | €5,238,235 | €6,252,763 | +€1.0m | +19.4% |
| Land and buildings | 22 | €643,612 | €597,027 | -€46,585 | -7.2% |
| Plant, machinery and equipment | 23 | €4,463,967 | €5,558,500 | +€1.1m | +24.5% |
| Furniture and vehicles | 24 | €130,656 | €97,235 | -€33,421 | -25.6% |
| Financial fixed assets | 28 | €58,346 | €61,936 | +€3,590 | +6.2% |
| Other financial fixed assets | 284/8 | €58,346 | €61,936 | +€3,590 | +6.2% |
| Amounts receivable and cash guarantees | 285/8 | €58,346 | €61,936 | +€3,590 | +6.2% |
| Current assets | 29/58 | €6,472,785 | €4,536,151 | -€1.9m | -29.9% |
| Amounts receivable within one year | 40/41 | €2,370,885 | €1,895,209 | -€475,676 | -20.1% |
| Trade receivables | 40 | €2,246,013 | €1,844,548 | -€401,466 | -17.9% |
| Other amounts receivable | 41 | €124,871 | €50,661 | -€74,210 | -59.4% |
| Current investments | 50/53 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Other investments | 51/53 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €2,101,900 | €1,140,942 | -€960,958 | -45.7% |
| Total equity and liabilities | 10/49 | €11,769,366 | €10,850,849 | -€918,517 | -7.8% |
| Equity | 10/15 | €9,035,455 | €9,967,428 | +€931,974 | +10.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Uncalled capital | 101 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €8,961,087 | €9,893,060 | +€931,974 | +10.4% |
| Non-distributable reserves | 130/1 | €29,747 | €29,747 | = | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | = | 0.0% |
| Tax-exempt reserves | 132 | €577,655 | €446,832 | -€130,823 | -22.6% |
| Distributable reserves | 133 | €8,353,685 | €9,416,481 | +€1.1m | +12.7% |
| Provisions and deferred taxes | 16 | €165,035 | €121,427 | -€43,608 | -26.4% |
| Deferred taxes | 168 | €165,035 | €121,427 | -€43,608 | -26.4% |
| Amounts payable | 17/49 | €2,568,876 | €761,994 | -€1.8m | -70.3% |
| Amounts payable within one year | 42/48 | €2,476,968 | €679,931 | -€1.8m | -72.5% |
| Trade debts | 44 | €1,168,761 | €648,721 | -€520,040 | -44.5% |
| Suppliers | 440/4 | €1,168,761 | €648,721 | -€520,040 | -44.5% |
| Taxes, remuneration and social security | 45 | €58,207 | €31,210 | -€26,997 | -46.4% |
| Taxes | 450/3 | €31,781 | €5,535 | -€26,245 | -82.6% |
| Remuneration and social security | 454/9 | €26,426 | €25,675 | -€751 | -2.8% |
| Other amounts payable | 47/48 | €1,250,000 | - | -€1.3m | |
| Accrued charges and deferred income | 492/3 | €91,908 | €82,063 | -€9,846 | -10.7% |
| Operating income | 70/76A | €10,404,075 | €9,331,269 | -€1.1m | -10.3% |
| Turnover | 70 | €9,837,121 | €9,221,542 | -€615,579 | -6.3% |
| Other operating income | 74 | €55,765 | €42,228 | -€13,537 | -24.3% |
| Non-recurring operating income | 76A | €511,189 | €67,500 | -€443,689 | -86.8% |
| Operating charges | 60/66A | €7,615,031 | €8,134,048 | +€519,018 | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €1,677,432 | €1,057,835 | -€619,597 | -36.9% |
| Purchases | 600/8 | €1,677,432 | €1,057,835 | -€619,597 | -36.9% |
| Services and other goods | 61 | €3,375,884 | €4,163,172 | +€787,288 | +23.3% |
| Remuneration, social security and pensions | 62 | €941,560 | €926,160 | -€15,399 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422,231 | €1,808,630 | +€386,399 | +27.2% |
| Other operating charges | 640/8 | €197,925 | €178,251 | -€19,673 | -9.9% |
| Operating profit (loss) | 9901 | €2,789,044 | €1,197,221 | -€1.6m | -57.1% |
| Financial income | 75/76B | €24,962 | €59,246 | +€34,284 | +137.3% |
| Recurring financial income | 75 | €941 | €59,246 | +€58,305 | +6197.8% |
| Income from current assets | 751 | - | €35,893 | +€35,893 | |
| Other financial income | 752/9 | €941 | €23,352 | +€22,412 | +2382.4% |
| Non-recurring financial income | 76B | €24,021 | - | -€24,021 | |
| Financial charges | 65/66B | €11,061 | €8,033 | -€3,029 | -27.4% |
| Recurring financial charges | 65 | €11,061 | €8,033 | -€3,029 | -27.4% |
| Other financial charges | 652/9 | €11,061 | €8,033 | -€3,029 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €2,802,944 | €1,248,434 | -€1.6m | -55.5% |
| Transfer from deferred taxes | 780 | €61,611 | €60,483 | -€1,129 | -1.8% |
| Transfer to deferred taxes | 680 | €110,500 | €16,875 | -€93,625 | -84.7% |
| Income taxes | 67/77 | €332,046 | €360,068 | +€28,022 | +8.4% |
| Taxes | 670/3 | €332,046 | €360,068 | +€28,022 | +8.4% |
| Profit (loss) for the period | 9904 | €2,422,009 | €931,974 | -€1.5m | -61.5% |
| Transfer from tax-exempt reserves | 789 | €138,747 | €181,448 | +€42,701 | +30.8% |
| Transfer to tax-exempt reserves | 689 | €331,500 | €50,625 | -€280,875 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,229,257 | €1,062,797 | -€1.2m | -52.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.