LAVAREAL: 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.
LAVAREAL
Largest movements
- Tangible fixed assets -€7,346
down €7,346 (-6.2%), from €117,967 to €110,621
- Debts after one year -€12,738
down €12,738 (-14.0%), from €91,214 to €78,476
- Profit (loss) carried forward +€3,798
up €3,798 (+24.6%), from -€15,433 to -€11,635
- Trade debts +€2,175
up €2,175 (+1,726%), from €126 to €2,301
- Financial charges -€7,224
down €7,224 (-80.9%), from €8,934 to €1,711
- Gross operating margin -€1,759
down €1,759 (-10.5%), from €16,784 to €15,024
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 | €190,699 | €182,694 | -€8,005 | -4.2% |
| Fixed assets | 21/28 | €117,967 | €110,621 | -€7,346 | -6.2% |
| Tangible fixed assets | 22/27 | €117,967 | €110,621 | -€7,346 | -6.2% |
| Land and buildings | 22 | €117,967 | €110,621 | -€7,346 | -6.2% |
| Current assets | 29/58 | €72,732 | €72,072 | -€659 | -0.9% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,732 | €12,072 | -€659 | -5.2% |
| Total equity and liabilities | 10/49 | €190,699 | €182,694 | -€8,005 | -4.2% |
| Equity | 10/15 | -€9,233 | -€5,435 | +€3,798 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,433 | -€11,635 | +€3,798 | +24.6% |
| Amounts payable | 17/49 | €199,931 | €188,129 | -€11,803 | -5.9% |
| Amounts payable after more than one year | 17 | €91,214 | €78,476 | -€12,738 | -14.0% |
| Financial debts | 170/4 | €91,214 | €78,476 | -€12,738 | -14.0% |
| Amounts payable within one year | 42/48 | €108,717 | €109,652 | +€935 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,537 | €12,738 | +€201 | +1.6% |
| Trade debts | 44 | €126 | €2,301 | +€2,175 | +1,726% |
| Suppliers | 440/4 | €126 | €2,301 | +€2,175 | +1,726% |
| Taxes, remuneration and social security | 45 | €3,548 | €2,107 | -€1,440 | -40.6% |
| Taxes | 450/3 | €3,548 | €2,107 | -€1,440 | -40.6% |
| Other amounts payable | 47/48 | €92,506 | €92,506 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,346 | €7,346 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,221 | €2,170 | -€51 | -2.3% |
| Gross operating margin | 9900 | €16,784 | €15,024 | -€1,759 | -10.5% |
| Operating profit (loss) | 9901 | €7,217 | €5,509 | -€1,709 | -23.7% |
| Financial charges | 65/66B | €8,934 | €1,711 | -€7,224 | -80.9% |
| Recurring financial charges | 65 | €8,934 | €1,711 | -€7,224 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,717 | €3,798 | +€5,515 | |
| Profit (loss) for the period | 9904 | -€1,717 | €3,798 | +€5,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,717 | €3,798 | +€5,515 |
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 19 October 2026 via checked.be.