LAVDEL: 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.
LAVDEL
Largest movements
- Tangible fixed assets -€22,591
down €22,591 (-20.5%), from €110,227 to €87,636
of which Furniture and vehicles: -€12,647
- Cash -€1,960
down €1,960 (-8.3%), from €23,739 to €21,780
mainly Net result for the year (-€16,681) and Debts after one year (-€16,527)
- Profit (loss) carried forward -€16,681
down €16,681 (-63.9%), from €26,090 to €9,409
- Debts after one year -€16,527
down €16,527 (-29.1%), from €56,807 to €40,280
- Tax, wage and social debts +€5,325
up €5,325 (+25.6%), from €20,777 to €26,102
of which Remuneration and social security: +€5,559
- Other debts +€2,980
up €2,980 (+115.4%), from €2,581 to €5,561
- Trade debts +€1,867
up €1,867 (+10.3%), from €18,159 to €20,025
- Staff costs +€30,674
up €30,674 (+34.1%), from €90,018 to €120,692
- Other operating charges -€4,032
down €4,032 (-59.4%), from €6,792 to €2,760
- Gross operating margin +€3,497
up €3,497 (+2.7%), from €131,941 to €135,438
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,315 | €127,904 | -€22,411 | -14.9% |
| Fixed assets | 21/28 | €113,527 | €90,936 | -€22,591 | -19.9% |
| Tangible fixed assets | 22/27 | €110,227 | €87,636 | -€22,591 | -20.5% |
| Land and buildings | 22 | €2,848 | €2,553 | -€295 | -10.4% |
| Plant, machinery and equipment | 23 | €54,273 | €44,624 | -€9,649 | -17.8% |
| Furniture and vehicles | 24 | €53,106 | €40,459 | -€12,647 | -23.8% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €36,788 | €36,969 | +€180 | +0.5% |
| Stocks and contracts in progress | 3 | €6,000 | €7,500 | +€1,500 | +25.0% |
| Stocks | 30/36 | €6,000 | €7,500 | +€1,500 | +25.0% |
| Amounts receivable within one year | 40/41 | €423 | €1,379 | +€956 | +226.3% |
| Trade receivables | 40 | - | €1,075 | +€1,075 | |
| Other amounts receivable | 41 | €423 | €304 | -€118 | -28.0% |
| Cash at bank and in hand | 54/58 | €23,739 | €21,780 | -€1,960 | -8.3% |
| Deferred charges and accrued income | 490/1 | €6,627 | €6,310 | -€316 | -4.8% |
| Total equity and liabilities | 10/49 | €150,315 | €127,904 | -€22,411 | -14.9% |
| Equity | 10/15 | €36,090 | €19,409 | -€16,681 | -46.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,090 | €9,409 | -€16,681 | -63.9% |
| Amounts payable | 17/49 | €114,225 | €108,495 | -€5,730 | -5.0% |
| Amounts payable after more than one year | 17 | €56,807 | €40,280 | -€16,527 | -29.1% |
| Financial debts | 170/4 | €56,807 | €40,280 | -€16,527 | -29.1% |
| Amounts payable within one year | 42/48 | €57,418 | €68,216 | +€10,797 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €15,901 | €16,527 | +€626 | +3.9% |
| Trade debts | 44 | €18,159 | €20,025 | +€1,867 | +10.3% |
| Suppliers | 440/4 | €18,159 | €20,025 | +€1,867 | +10.3% |
| Taxes, remuneration and social security | 45 | €20,777 | €26,102 | +€5,325 | +25.6% |
| Taxes | 450/3 | €9,792 | €9,558 | -€234 | -2.4% |
| Remuneration and social security | 454/9 | €10,986 | €16,545 | +€5,559 | +50.6% |
| Other amounts payable | 47/48 | €2,581 | €5,561 | +€2,980 | +115.4% |
| Remuneration, social security and pensions | 62 | €90,018 | €120,692 | +€30,674 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,277 | €23,888 | +€611 | +2.6% |
| Other operating charges | 640/8 | €6,792 | €2,760 | -€4,032 | -59.4% |
| Gross operating margin | 9900 | €131,941 | €135,438 | +€3,497 | +2.7% |
| Operating profit (loss) | 9901 | €11,854 | -€11,903 | -€23,756 | |
| Financial charges | 65/66B | €5,126 | €4,062 | -€1,064 | -20.8% |
| Recurring financial charges | 65 | €5,126 | €4,062 | -€1,064 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €6,727 | -€15,965 | -€22,692 | |
| Income taxes | 67/77 | €1,340 | €716 | -€624 | -46.6% |
| Profit (loss) for the period | 9904 | €5,387 | -€16,681 | -€22,068 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,387 | -€16,681 | -€22,068 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.