LAVEKA: 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.
What changed
LAVEKA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€16,654
2025 · €15,444+€1,210
Equity
€212,525
2025 · €195,872+€16,654
Cash
€15,640
2025 · €13,910+€1,730
Balance sheet total
€461,307
2025 · €489,030-€27,723
Largest movements
Assets
- Tangible fixed assets -€29,055
down €29,055 (-6.1%), from €472,838 to €443,783
Equity and liabilities
- Debts after one year -€44,444
down €44,444 (-54.5%), from €81,482 to €37,037
- Reserves +€16,654
up €16,654 (+19.4%), from €85,872 to €102,525
Income statement
- Financial charges -€1,859
down €1,859 (-13.8%), from €13,467 to €11,608
From the 2025 result to the 2026 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 2025
€15,444
Gross operating margin
+€134
Other operating charges
-€219
Financial charges
+€1,859
Taxes
-€565
Result 2026
€16,654
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€46,208
Investment
€0
Financing
-€44,478
Cash 2025
€13,910
From operations (derived)
+€46,208
Net result for the year
+€16,654
Depreciation
+€29,055
Receivables within one year
+€444
Smaller working-capital items
-€66
Tax, wage and social debts
-€270
Other debts
-€3,693
Accrued charges and deferred income
+€4,084
Financing
-€44,478
Debts after one year
-€44,444
Short-term financial debts
-€34
Cash 2026
€15,640
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,030 | €461,307 | -€27,723 | -5.7% |
| Fixed assets | 21/28 | €472,838 | €443,783 | -€29,055 | -6.1% |
| Tangible fixed assets | 22/27 | €472,838 | €443,783 | -€29,055 | -6.1% |
| Land and buildings | 22 | €472,838 | €443,783 | -€29,055 | -6.1% |
| Current assets | 29/58 | €16,192 | €17,524 | +€1,332 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,337 | €894 | -€444 | -33.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,337 | €894 | -€444 | -33.2% |
| Cash at bank and in hand | 54/58 | €13,910 | €15,640 | +€1,730 | +12.4% |
| Deferred charges and accrued income | 490/1 | €945 | €991 | +€46 | +4.9% |
| Total equity and liabilities | 10/49 | €489,030 | €461,307 | -€27,723 | -5.7% |
| Equity | 10/15 | €195,872 | €212,525 | +€16,654 | +8.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €85,872 | €102,525 | +€16,654 | +19.4% |
| Distributable reserves | 133 | €85,872 | €102,525 | +€16,654 | +19.4% |
| Amounts payable | 17/49 | €293,158 | €248,782 | -€44,377 | -15.1% |
| Amounts payable after more than one year | 17 | €81,482 | €37,037 | -€44,444 | -54.5% |
| Financial debts | 170/4 | €81,482 | €37,037 | -€44,444 | -54.5% |
| Amounts payable within one year | 42/48 | €210,121 | €206,104 | -€4,017 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €44,444 | €44,444 | = | 0.0% |
| Financial debts | 43 | €95 | €62 | -€34 | -35.3% |
| Credit institutions | 430/8 | €95 | €62 | -€34 | -35.3% |
| Trade debts | 44 | €41 | €21 | -€20 | -48.9% |
| Suppliers | 440/4 | €41 | €21 | -€20 | -48.9% |
| Taxes, remuneration and social security | 45 | €7,658 | €7,388 | -€270 | -3.5% |
| Taxes | 450/3 | €7,658 | €7,388 | -€270 | -3.5% |
| Other amounts payable | 47/48 | €157,882 | €154,189 | -€3,693 | -2.3% |
| Accrued charges and deferred income | 492/3 | €1,556 | €5,640 | +€4,084 | +262.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,055 | €29,055 | = | 0.0% |
| Other operating charges | 640/8 | €6,836 | €7,055 | +€219 | +3.2% |
| Gross operating margin | 9900 | €72,009 | €72,144 | +€134 | +0.2% |
| Operating profit (loss) | 9901 | €36,118 | €36,034 | -€85 | -0.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €13,467 | €11,608 | -€1,859 | -13.8% |
| Recurring financial charges | 65 | €13,467 | €11,608 | -€1,859 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €22,651 | €24,426 | +€1,775 | +7.8% |
| Income taxes | 67/77 | €7,207 | €7,772 | +€565 | +7.8% |
| Profit (loss) for the period | 9904 | €15,444 | €16,654 | +€1,210 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,444 | €16,654 | +€1,210 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.