LAVECO: 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.
LAVECO
Largest movements
- Current investments -€99,940
down €99,940 (-86.2%), from €115,979 to €16,039
- Cash +€22,668
up €22,668 (+24.5%), from €92,638 to €115,307
mainly Current investments (+€99,940) and Depreciation (+€6,805)
- Deferred charges and accrued income +€9,408
new in 2025: €9,408
- Tangible fixed assets -€6,805
down €6,805 (-6.7%), from €102,243 to €95,438
of which Furniture and vehicles: -€4,618
- Reserves +€81,185
up €81,185 (+38.5%), from €211,103 to €292,288
of which Distributable reserves: +€81,185
- Other debts -€77,340
down €77,340 (-100.0%), from €77,340 to €0
- Profit (loss) carried forward -€76,792
down €76,792 (-100.0%), from €76,792 to €0
- Gross operating margin -€77,274
down €77,274 (-79.7%), from €96,980 to €19,706
- Depreciation -€4,909
down €4,909 (-41.9%), from €11,714 to €6,805
- Taxes +€1,943
up €1,943, from €0 to €1,943
- Financial income +€1,910
up €1,910 (+110.0%), from €1,736 to €3,646
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 | €507,488 | €435,181 | -€72,307 | -14.2% |
| Fixed assets | 21/28 | €102,243 | €95,438 | -€6,805 | -6.7% |
| Tangible fixed assets | 22/27 | €102,243 | €95,438 | -€6,805 | -6.7% |
| Land and buildings | 22 | €91,742 | €89,952 | -€1,790 | -2.0% |
| Plant, machinery and equipment | 23 | €430 | €33 | -€397 | -92.3% |
| Furniture and vehicles | 24 | €10,071 | €5,453 | -€4,618 | -45.9% |
| Current assets | 29/58 | €405,245 | €339,743 | -€65,502 | -16.2% |
| Stocks and contracts in progress | 3 | €52,500 | €52,500 | = | 0.0% |
| Stocks | 30/36 | €52,500 | €52,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,127 | €146,490 | +€2,363 | +1.6% |
| Trade receivables | 40 | - | €188 | +€188 | |
| Other amounts receivable | 41 | €144,127 | €146,302 | +€2,175 | +1.5% |
| Current investments | 50/53 | €115,979 | €16,039 | -€99,940 | -86.2% |
| Cash at bank and in hand | 54/58 | €92,638 | €115,307 | +€22,668 | +24.5% |
| Deferred charges and accrued income | 490/1 | - | €9,408 | +€9,408 | |
| Total equity and liabilities | 10/49 | €507,488 | €435,181 | -€72,307 | -14.2% |
| Equity | 10/15 | €418,396 | €422,788 | +€4,393 | +1.0% |
| Contributions | 10/11 | €130,500 | €130,500 | = | 0.0% |
| Capital | 10 | €130,500 | €130,500 | = | 0.0% |
| Issued capital | 100 | €130,500 | €130,500 | = | 0.0% |
| Reserves | 13 | €211,103 | €292,288 | +€81,185 | +38.5% |
| Non-distributable reserves | 130/1 | €16,809 | €16,809 | = | 0.0% |
| Legal reserve | 130 | €16,809 | €16,809 | = | 0.0% |
| Distributable reserves | 133 | €194,295 | €275,479 | +€81,185 | +41.8% |
| Profit (loss) carried forward | 14 | €76,792 | €0 | -€76,792 | -100.0% |
| Amounts payable | 17/49 | €89,092 | €12,393 | -€76,700 | -86.1% |
| Amounts payable within one year | 42/48 | €89,092 | €12,393 | -€76,700 | -86.1% |
| Trade debts | 44 | €6,315 | €11,114 | +€4,799 | +76.0% |
| Suppliers | 440/4 | €6,315 | €11,114 | +€4,799 | +76.0% |
| Taxes, remuneration and social security | 45 | €5,437 | €1,279 | -€4,159 | -76.5% |
| Taxes | 450/3 | €5,437 | €1,279 | -€4,159 | -76.5% |
| Other amounts payable | 47/48 | €77,340 | €0 | -€77,340 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,714 | €6,805 | -€4,909 | -41.9% |
| Other operating charges | 640/8 | €9,422 | €9,951 | +€529 | +5.6% |
| Gross operating margin | 9900 | €96,980 | €19,706 | -€77,274 | -79.7% |
| Operating profit (loss) | 9901 | €75,844 | €2,951 | -€72,894 | -96.1% |
| Financial income | 75/76B | €1,736 | €3,646 | +€1,910 | +110.0% |
| Recurring financial income | 75 | €1,736 | €3,646 | +€1,910 | +110.0% |
| Financial charges | 65/66B | €241 | €261 | +€20 | +8.4% |
| Recurring financial charges | 65 | €241 | €261 | +€20 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €77,340 | €6,336 | -€71,004 | -91.8% |
| Income taxes | 67/77 | €0 | €1,943 | +€1,943 | |
| Profit (loss) for the period | 9904 | €77,340 | €4,393 | -€72,947 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,340 | €4,393 | -€72,947 | -94.3% |
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 5 October 2026 via checked.be.