LAVASCO: 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.
LAVASCO
Largest movements
- Cash +€83,031
up €83,031 (+177%), from €46,985 to €130,016
mainly Net result for the year (+€79,598) and Trade debts (+€7,144)
- Reserves +€79,598
up €79,598 (+7.8%), from €1.0m to €1.1m
- Depreciation -€23,928
down €23,928 (-94.6%), from €25,298 to €1,371
- Gross operating margin +€16,417
up €16,417 (+21.7%), from €75,594 to €92,012
- Taxes +€11,547
up €11,547 (+83.8%), from €13,783 to €25,330
- Financial charges -€3,813
down €3,813 (-19.3%), from €19,760 to €15,948
- Financial income -€968
down €968 (-2.9%), from €32,965 to €31,997
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 | €1,906,497 | €1,992,889 | +€86,392 | +4.5% |
| Fixed assets | 21/28 | €1,698,495 | €1,697,124 | -€1,371 | -0.1% |
| Tangible fixed assets | 22/27 | €4,675 | €3,304 | -€1,371 | -29.3% |
| Plant, machinery and equipment | 23 | €413 | €226 | -€187 | -45.3% |
| Furniture and vehicles | 24 | €1,893 | €1,284 | -€609 | -32.2% |
| Other tangible fixed assets | 26 | €2,369 | €1,795 | -€575 | -24.2% |
| Financial fixed assets | 28 | €1,693,820 | €1,693,820 | = | 0.0% |
| Current assets | 29/58 | €208,002 | €295,764 | +€87,763 | +42.2% |
| Amounts receivable within one year | 40/41 | €159,528 | €163,907 | +€4,379 | +2.7% |
| Trade receivables | 40 | €27,011 | €33,556 | +€6,546 | +24.2% |
| Other amounts receivable | 41 | €132,518 | €130,351 | -€2,167 | -1.6% |
| Cash at bank and in hand | 54/58 | €46,985 | €130,016 | +€83,031 | +177% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,841 | +€352 | +23.7% |
| Total equity and liabilities | 10/49 | €1,906,497 | €1,992,889 | +€86,392 | +4.5% |
| Equity | 10/15 | €1,625,595 | €1,705,193 | +€79,598 | +4.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,025,595 | €1,105,193 | +€79,598 | +7.8% |
| Distributable reserves | 133 | €1,025,595 | €1,105,193 | +€79,598 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €280,902 | €287,696 | +€6,793 | +2.4% |
| Amounts payable within one year | 42/48 | €267,188 | €276,628 | +€9,439 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €756 | €7,900 | +€7,144 | +945% |
| Suppliers | 440/4 | €756 | €7,900 | +€7,144 | +945% |
| Taxes, remuneration and social security | 45 | €15,425 | €21,000 | +€5,576 | +36.1% |
| Taxes | 450/3 | €15,425 | €21,000 | +€5,576 | +36.1% |
| Other amounts payable | 47/48 | €251,007 | €247,728 | -€3,280 | -1.3% |
| Accrued charges and deferred income | 492/3 | €13,714 | €11,068 | -€2,646 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,298 | €1,371 | -€23,928 | -94.6% |
| Other operating charges | 640/8 | €1,769 | €1,762 | -€6 | -0.4% |
| Gross operating margin | 9900 | €75,594 | €92,012 | +€16,417 | +21.7% |
| Operating profit (loss) | 9901 | €48,527 | €88,879 | +€40,351 | +83.2% |
| Financial income | 75/76B | €32,965 | €31,997 | -€968 | -2.9% |
| Recurring financial income | 75 | €32,965 | €31,997 | -€968 | -2.9% |
| Financial charges | 65/66B | €19,760 | €15,948 | -€3,813 | -19.3% |
| Recurring financial charges | 65 | €19,760 | €15,948 | -€3,813 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €61,732 | €104,928 | +€43,196 | +70.0% |
| Income taxes | 67/77 | €13,783 | €25,330 | +€11,547 | +83.8% |
| Profit (loss) for the period | 9904 | €47,949 | €79,598 | +€31,649 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,949 | €79,598 | +€31,649 | +66.0% |
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 28 October 2026 via checked.be.