LAVBU: 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.
LAVBU
Largest movements
- Cash -€51,323
down €51,323 (-35.2%), from €145,616 to €94,293
mainly Debts after one year (-€51,611) and Receivables within one year (-€38,112)
- Receivables within one year +€38,112
up €38,112 (+97.0%), from €39,272 to €77,384
of which Trade receivables: +€49,400
- Tangible fixed assets -€2,815
down €2,815 (-23.1%), from €12,197 to €9,382
of which Furniture and vehicles: -€2,298
- Debts after one year -€51,611
down €51,611 (-28.7%), from €180,000 to €128,389
- Profit (loss) carried forward +€33,296
up €33,296 (+69.5%), from -€47,937 to -€14,641
- Trade debts +€4,746
up €4,746 (+10.6%), from €44,907 to €49,653
- Gross operating margin +€57,938
up €57,938 (+516%), from €11,235 to €69,174
- Write-downs +€21,089
new in 2025: €21,089
- Taxes +€8,258
up €8,258, from €0 to €8,258
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 | €197,300 | €182,759 | -€14,541 | -7.4% |
| Fixed assets | 21/28 | €12,197 | €9,382 | -€2,815 | -23.1% |
| Tangible fixed assets | 22/27 | €12,197 | €9,382 | -€2,815 | -23.1% |
| Furniture and vehicles | 24 | €9,950 | €7,652 | -€2,298 | -23.1% |
| Other tangible fixed assets | 26 | €2,247 | €1,730 | -€517 | -23.0% |
| Current assets | 29/58 | €185,103 | €173,377 | -€11,727 | -6.3% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €39,272 | €77,384 | +€38,112 | +97.0% |
| Trade receivables | 40 | €26,673 | €76,073 | +€49,400 | +185% |
| Other amounts receivable | 41 | €12,599 | €1,311 | -€11,288 | -89.6% |
| Cash at bank and in hand | 54/58 | €145,616 | €94,293 | -€51,323 | -35.2% |
| Deferred charges and accrued income | 490/1 | €215 | €1,700 | +€1,484 | +689% |
| Total equity and liabilities | 10/49 | €197,300 | €182,759 | -€14,541 | -7.4% |
| Equity | 10/15 | -€29,337 | €3,959 | +€33,296 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,937 | -€14,641 | +€33,296 | +69.5% |
| Amounts payable | 17/49 | €226,637 | €178,800 | -€47,837 | -21.1% |
| Amounts payable after more than one year | 17 | €180,000 | €128,389 | -€51,611 | -28.7% |
| Other amounts payable | 178/9 | €180,000 | €128,389 | -€51,611 | -28.7% |
| Amounts payable within one year | 42/48 | €46,637 | €50,411 | +€3,774 | +8.1% |
| Trade debts | 44 | €44,907 | €49,653 | +€4,746 | +10.6% |
| Suppliers | 440/4 | €44,907 | €49,653 | +€4,746 | +10.6% |
| Taxes, remuneration and social security | 45 | €132 | €758 | +€626 | +476% |
| Taxes | 450/3 | €132 | €758 | +€626 | +476% |
| Other amounts payable | 47/48 | €1,598 | - | -€1,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,315 | €5,774 | +€459 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,089 | +€21,089 | |
| Other operating charges | 640/8 | €1,360 | €679 | -€682 | -50.1% |
| Gross operating margin | 9900 | €11,235 | €69,174 | +€57,938 | +516% |
| Operating profit (loss) | 9901 | €4,561 | €41,632 | +€37,072 | +813% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,540% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,540% |
| Financial charges | 65/66B | €180 | €79 | -€101 | -56.1% |
| Recurring financial charges | 65 | €180 | €79 | -€101 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €4,381 | €41,554 | +€37,173 | +849% |
| Income taxes | 67/77 | €0 | €8,258 | +€8,258 | |
| Profit (loss) for the period | 9904 | €4,381 | €33,296 | +€28,915 | +660% |
| Profit (loss) for the period to be appropriated | 9905 | €4,381 | €33,296 | +€28,915 | +660% |
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 26 October 2026 via checked.be.