LAVELCO: 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.
LAVELCO
Largest movements
- Receivables within one year +€222,158
up €222,158 (+136%), from €163,244 to €385,402
of which Trade receivables: +€219,200
- Stocks and contracts +€42,494
up €42,494 (+38.9%), from €109,124 to €151,618
- Cash -€20,555
down €20,555 (-62.5%), from €32,902 to €12,347
mainly Receivables within one year (-€222,158) and Stocks and contracts (-€42,494)
- Deferred charges and accrued income +€6,718
up €6,718 (+147%), from €4,564 to €11,283
- Trade debts +€212,014
up €212,014 (+166%), from €127,520 to €339,535
- Other debts +€12,820
up €12,820 (+15.1%), from €84,879 to €97,699
- Tax, wage and social debts +€9,733
up €9,733 (+31.9%), from €30,504 to €40,237
of which Remuneration and social security: +€7,700
- Short-term financial debts +€6,056
new in 2024: €6,056
- Financial income -€26,075
down €26,075 (-99.1%), from €26,316 to €242
of which Non-recurring financial income: -€25,187
- Write-downs -€16,434
no longer reported in 2024 (was €16,434)
- Financial charges -€5,290
down €5,290 (-81.8%), from €6,469 to €1,179
of which Non-recurring financial charges: -€4,062
- Gross operating margin +€2,040
up €2,040 (+15.9%), from €12,801 to €14,841
- Other operating charges +€1,080
up €1,080 (+51.1%), from €2,112 to €3,192
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,883 | €594,019 | +€247,136 | +71.2% |
| Fixed assets | 21/28 | €37,048 | €33,369 | -€3,680 | -9.9% |
| Tangible fixed assets | 22/27 | €27,298 | €23,619 | -€3,680 | -13.5% |
| Plant, machinery and equipment | 23 | €3,959 | €4,729 | +€770 | +19.4% |
| Other tangible fixed assets | 26 | €23,339 | €18,890 | -€4,449 | -19.1% |
| Financial fixed assets | 28 | €9,750 | €9,750 | = | 0.0% |
| Current assets | 29/58 | €309,835 | €560,650 | +€250,815 | +81.0% |
| Stocks and contracts in progress | 3 | €109,124 | €151,618 | +€42,494 | +38.9% |
| Stocks | 30/36 | €109,124 | €151,618 | +€42,494 | +38.9% |
| Amounts receivable within one year | 40/41 | €163,244 | €385,402 | +€222,158 | +136% |
| Trade receivables | 40 | €162,754 | €381,954 | +€219,200 | +135% |
| Other amounts receivable | 41 | €490 | €3,448 | +€2,958 | +604% |
| Cash at bank and in hand | 54/58 | €32,902 | €12,347 | -€20,555 | -62.5% |
| Deferred charges and accrued income | 490/1 | €4,564 | €11,283 | +€6,718 | +147% |
| Total equity and liabilities | 10/49 | €346,883 | €594,019 | +€247,136 | +71.2% |
| Equity | 10/15 | €47,830 | €50,829 | +€2,999 | +6.3% |
| Contributions | 10/11 | €36,500 | €36,500 | = | 0.0% |
| Reserves | 13 | €11,330 | €14,329 | +€2,999 | +26.5% |
| Non-distributable reserves | 130/1 | €465 | - | -€465 | |
| Reserves not available under the articles | 1311 | €465 | - | -€465 | |
| Distributable reserves | 133 | €10,865 | €14,329 | +€3,464 | +31.9% |
| Amounts payable | 17/49 | €299,054 | €543,190 | +€244,137 | +81.6% |
| Amounts payable after more than one year | 17 | €56,150 | €56,150 | = | 0.0% |
| Other amounts payable | 178/9 | €56,150 | €56,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €242,904 | €487,040 | +€244,137 | +101% |
| Financial debts | 43 | - | €6,056 | +€6,056 | |
| Credit institutions | 430/8 | - | €6,056 | +€6,056 | |
| Trade debts | 44 | €127,520 | €339,535 | +€212,014 | +166% |
| Suppliers | 440/4 | €127,520 | €339,535 | +€212,014 | +166% |
| Advances received on contracts in progress | 46 | - | €3,513 | +€3,513 | |
| Taxes, remuneration and social security | 45 | €30,504 | €40,237 | +€9,733 | +31.9% |
| Taxes | 450/3 | €1,304 | €3,337 | +€2,033 | +156% |
| Remuneration and social security | 454/9 | €29,200 | €36,900 | +€7,700 | +26.4% |
| Other amounts payable | 47/48 | €84,879 | €97,699 | +€12,820 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,621 | €5,680 | +€59 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,434 | - | -€16,434 | |
| Other operating charges | 640/8 | €2,112 | €3,192 | +€1,080 | +51.1% |
| Gross operating margin | 9900 | €12,801 | €14,841 | +€2,040 | +15.9% |
| Operating profit (loss) | 9901 | -€11,366 | €5,970 | +€17,336 | |
| Financial income | 75/76B | €26,316 | €242 | -€26,075 | -99.1% |
| Recurring financial income | 75 | €1,130 | €242 | -€888 | -78.6% |
| Non-recurring financial income | 76B | €25,187 | - | -€25,187 | |
| Financial charges | 65/66B | €6,469 | €1,179 | -€5,290 | -81.8% |
| Recurring financial charges | 65 | €2,407 | €1,179 | -€1,228 | -51.0% |
| Non-recurring financial charges | 66B | €4,062 | - | -€4,062 | |
| Profit (loss) for the period before taxes | 9903 | €8,481 | €5,032 | -€3,449 | -40.7% |
| Income taxes | 67/77 | €1,304 | €2,033 | +€729 | +55.9% |
| Profit (loss) for the period | 9904 | €7,177 | €2,999 | -€4,178 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,177 | €2,999 | -€4,178 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.