LAVATRA: 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
LAVATRA
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
fiscal year 31-03-2025 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€1.1m
31-03-2025 · €1.0m+€48,700
Equity
€10.6m
31-03-2025 · €9.5m+€1.1m
Cash
€4.9m
31-03-2025 · €4.5m+€400,189
Balance sheet total
€11.0m
31-03-2025 · €10.5m+€421,154
Largest movements
Assets
- Cash +€400,189
up €400,189 (+8.9%), from €4.5m to €4.9m
mainly Net result for the year (+€1.1m) and Depreciation (+€789,009)
- Receivables within one year +€340,691
up €340,691 (+13.7%), from €2.5m to €2.8m
of which Trade receivables: +€356,411
- Tangible fixed assets -€278,857
down €278,857 (-8.0%), from €3.5m to €3.2m
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+11.4%), from €9.4m to €10.5m
of which Distributable reserves: +€1.1m
- Trade debts -€343,203
down €343,203 (-67.3%), from €509,951 to €166,748
- Tax, wage and social debts -€202,378
down €202,378 (-75.2%), from €269,078 to €66,700
of which Taxes: -€199,096
Income statement
- Turnover -€1.4m
down €1.4m (-26.2%), from €5.4m to €4.0m
- Services and other goods -€686,653
down €686,653 (-33.2%), from €2.1m to €1.4m
- Depreciation -€457,487
down €457,487 (-36.7%), from €1.2m to €789,009
- Taxes -€174,462
down €174,462 (-31.9%), from €546,838 to €372,375
of which Taxes: -€174,464
- Staff costs -€122,364
down €122,364 (-27.1%), from €451,388 to €329,024
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025
€1.0m
Turnover
-€1.4m
Other operating income
-€5,859
Goods and materials
+€45,873
Services and other goods
+€686,653
Staff costs
+€122,364
Depreciation
+€457,487
Other operating charges
-€15,874
Other operating items
-€6,420
Financial income
+€1,916
Financial charges
-€587
Taxes
+€174,462
Deferred taxes and other
-€9,993
Result 31-12-2025
€1.1m
Cash bridge derived
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€872,411
Investment
-€472,222
Financing
€0
Cash 31-03-2025
€4.5m
From operations (derived)
+€872,411
Net result for the year
+€1.1m
Depreciation
+€789,009
Stocks and contracts
+€2,939
Receivables within one year
-€340,691
Provisions
-€7,310
Trade debts
-€343,203
Tax, wage and social debts
-€202,378
Other debts
+€808
Accrued charges and deferred income
-€100,827
Investment (derived)
-€472,222
Investment in fixed assets (net)
-€472,222
Cash 31-12-2025
€4.9m
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,548,742 | €10,969,896 | +€421,154 | +4.0% |
| Fixed assets | 21/28 | €3,542,534 | €3,225,748 | -€316,787 | -8.9% |
| Tangible fixed assets | 22/27 | €3,467,784 | €3,188,928 | -€278,857 | -8.0% |
| Land and buildings | 22 | €1,553,729 | €1,416,837 | -€136,892 | -8.8% |
| Plant, machinery and equipment | 23 | €1,503,488 | €1,437,602 | -€65,886 | -4.4% |
| Furniture and vehicles | 24 | €410,567 | €334,488 | -€76,079 | -18.5% |
| Financial fixed assets | 28 | €74,750 | €36,820 | -€37,930 | -50.7% |
| Other financial fixed assets | 284/8 | €74,750 | €36,820 | -€37,930 | -50.7% |
| Amounts receivable and cash guarantees | 285/8 | €74,750 | €36,820 | -€37,930 | -50.7% |
| Current assets | 29/58 | €7,006,208 | €7,744,148 | +€737,940 | +10.5% |
| Stocks and contracts in progress | 3 | €6,578 | €3,638 | -€2,939 | -44.7% |
| Stocks | 30/36 | €6,578 | €3,638 | -€2,939 | -44.7% |
| Raw materials and consumables | 30/31 | €6,578 | €3,638 | -€2,939 | -44.7% |
| Amounts receivable within one year | 40/41 | €2,483,461 | €2,824,152 | +€340,691 | +13.7% |
| Trade receivables | 40 | €763,102 | €1,119,513 | +€356,411 | +46.7% |
| Other amounts receivable | 41 | €1,720,358 | €1,704,638 | -€15,720 | -0.9% |
| Cash at bank and in hand | 54/58 | €4,516,169 | €4,916,358 | +€400,189 | +8.9% |
| Total equity and liabilities | 10/49 | €10,548,742 | €10,969,896 | +€421,154 | +4.0% |
| Equity | 10/15 | €9,489,554 | €10,563,617 | +€1.1m | +11.3% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €9,415,054 | €10,489,117 | +€1.1m | +11.4% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €248,246 | €226,149 | -€22,097 | -8.9% |
| Distributable reserves | 133 | €9,159,357 | €10,255,518 | +€1.1m | +12.0% |
| Provisions and deferred taxes | 16 | €57,266 | €49,956 | -€7,310 | -12.8% |
| Deferred taxes | 168 | €57,266 | €49,956 | -€7,310 | -12.8% |
| Amounts payable | 17/49 | €1,001,922 | €356,322 | -€645,600 | -64.4% |
| Amounts payable within one year | 42/48 | €779,189 | €234,416 | -€544,773 | -69.9% |
| Trade debts | 44 | €509,951 | €166,748 | -€343,203 | -67.3% |
| Suppliers | 440/4 | €509,951 | €166,748 | -€343,203 | -67.3% |
| Taxes, remuneration and social security | 45 | €269,078 | €66,700 | -€202,378 | -75.2% |
| Taxes | 450/3 | €257,686 | €58,591 | -€199,096 | -77.3% |
| Remuneration and social security | 454/9 | €11,391 | €8,109 | -€3,282 | -28.8% |
| Other amounts payable | 47/48 | €160 | €968 | +€808 | +504.9% |
| Accrued charges and deferred income | 492/3 | €222,733 | €121,906 | -€100,827 | -45.3% |
| Operating income | 70/76A | €5,412,440 | €3,998,839 | -€1.4m | -26.1% |
| Turnover | 70 | €5,354,324 | €3,953,002 | -€1.4m | -26.2% |
| Other operating income | 74 | €14,696 | €8,837 | -€5,859 | -39.9% |
| Non-recurring operating income | 76A | €43,420 | €37,000 | -€6,420 | -14.8% |
| Operating charges | 60/66A | €3,856,151 | €2,559,648 | -€1.3m | -33.6% |
| Goods for resale, raw materials and consumables | 60 | €54,231 | €8,358 | -€45,873 | -84.6% |
| Purchases | 600/8 | €56,521 | €5,418 | -€51,103 | -90.4% |
| Change in stocks: decrease (increase) | 609 | -€2,291 | €2,939 | +€5,230 | |
| Services and other goods | 61 | €2,069,025 | €1,382,372 | -€686,653 | -33.2% |
| Remuneration, social security and pensions | 62 | €451,388 | €329,024 | -€122,364 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246,496 | €789,009 | -€457,487 | -36.7% |
| Other operating charges | 640/8 | €35,012 | €50,886 | +€15,874 | +45.3% |
| Operating profit (loss) | 9901 | €1,556,289 | €1,439,191 | -€117,098 | -7.5% |
| Financial income | 75/76B | €1 | €1,917 | +€1,916 | +210535.2% |
| Recurring financial income | 75 | €1 | €1,917 | +€1,916 | +210535.2% |
| Income from current assets | 751 | €0 | €1,917 | +€1,916 | +563588.2% |
| Other financial income | 752/9 | €1 | €0 | -€0 | -57.9% |
| Financial charges | 65/66B | €1,392 | €1,979 | +€587 | +42.2% |
| Recurring financial charges | 65 | €1,392 | €1,979 | +€587 | +42.2% |
| Other financial charges | 652/9 | €1,392 | €1,979 | +€587 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €1,554,898 | €1,439,129 | -€115,769 | -7.4% |
| Transfer from deferred taxes | 780 | €23,680 | €16,560 | -€7,120 | -30.1% |
| Transfer to deferred taxes | 680 | €6,377 | €9,250 | +€2,873 | +45.1% |
| Income taxes | 67/77 | €546,838 | €372,375 | -€174,462 | -31.9% |
| Taxes | 670/3 | €546,839 | €372,375 | -€174,464 | -31.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €1,025,364 | €1,074,064 | +€48,700 | +4.7% |
| Transfer from tax-exempt reserves | 789 | €68,524 | €49,847 | -€18,676 | -27.3% |
| Transfer to tax-exempt reserves | 689 | €19,130 | €27,750 | +€8,620 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,074,757 | €1,096,161 | +€21,404 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 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.