LAVENDINE: 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.
LAVENDINE
Largest movements
- Cash -€20,264
down €20,264 (-13.2%), from €153,908 to €133,645
mainly Contributions, distributions and other (-€95,716) and Current portion of long-term debt (-€4,783)
- Receivables within one year -€20,227
down €20,227 (-49.0%), from €41,247 to €21,020
of which Trade receivables: -€20,186
- Tangible fixed assets -€12,756
down €12,756 (-37.6%), from €33,928 to €21,173
- Reserves -€61,971
down €61,971 (-38.1%), from €162,785 to €100,815
of which Distributable reserves: -€61,971
- Tax, wage and social debts +€8,735
up €8,735 (+72.9%), from €11,978 to €20,713
of which Taxes: +€7,959
- Current portion of long-term debt -€4,783
down €4,783 (-100.0%), from €4,783 to €0
- Other debts +€3,183
up €3,183 (+17.8%), from €17,917 to €21,100
- Staff costs -€20,362
down €20,362 (-52.0%), from €39,123 to €18,761
- Taxes +€15,854
up €15,854 (+475.7%), from €3,333 to €19,187
- Gross operating margin +€14,518
up €14,518 (+19.4%), from €74,807 to €89,325
- Depreciation -€13,166
down €13,166 (-48.0%), from €27,409 to €14,242
- Other operating charges +€2,080
up €2,080 (+116.4%), from €1,786 to €3,866
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 | €231,556 | €178,310 | -€53,246 | -23.0% |
| Fixed assets | 21/28 | €33,928 | €21,173 | -€12,756 | -37.6% |
| Tangible fixed assets | 22/27 | €33,928 | €21,173 | -€12,756 | -37.6% |
| Land and buildings | 22 | €11,941 | €9,880 | -€2,061 | -17.3% |
| Plant, machinery and equipment | 23 | €9,001 | €2,764 | -€6,238 | -69.3% |
| Furniture and vehicles | 24 | €12,986 | €8,529 | -€4,457 | -34.3% |
| Current assets | 29/58 | €197,628 | €157,137 | -€40,490 | -20.5% |
| Stocks and contracts in progress | 3 | €2,473 | €2,473 | = | 0.0% |
| Stocks | 30/36 | €2,473 | €2,473 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,247 | €21,020 | -€20,227 | -49.0% |
| Trade receivables | 40 | €29,507 | €9,321 | -€20,186 | -68.4% |
| Other amounts receivable | 41 | €11,739 | €11,699 | -€41 | -0.3% |
| Cash at bank and in hand | 54/58 | €153,908 | €133,645 | -€20,264 | -13.2% |
| Total equity and liabilities | 10/49 | €231,556 | €178,310 | -€53,246 | -23.0% |
| Equity | 10/15 | €181,385 | €119,415 | -€61,971 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,785 | €100,815 | -€61,971 | -38.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,925 | €98,955 | -€61,971 | -38.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,171 | €58,895 | +€8,725 | +17.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,171 | €58,295 | +€8,125 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €4,783 | €0 | -€4,783 | -100.0% |
| Trade debts | 44 | €15,493 | €16,482 | +€989 | +6.4% |
| Suppliers | 440/4 | €15,493 | €16,482 | +€989 | +6.4% |
| Taxes, remuneration and social security | 45 | €11,978 | €20,713 | +€8,735 | +72.9% |
| Taxes | 450/3 | €4,085 | €12,044 | +€7,959 | +194.8% |
| Remuneration and social security | 454/9 | €7,892 | €8,669 | +€777 | +9.8% |
| Other amounts payable | 47/48 | €17,917 | €21,100 | +€3,183 | +17.8% |
| Accrued charges and deferred income | 492/3 | €0 | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €39,123 | €18,761 | -€20,362 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,409 | €14,242 | -€13,166 | -48.0% |
| Other operating charges | 640/8 | €1,786 | €3,866 | +€2,080 | +116.4% |
| Gross operating margin | 9900 | €74,807 | €89,325 | +€14,518 | +19.4% |
| Operating profit (loss) | 9901 | €6,490 | €52,456 | +€45,966 | +708.3% |
| Financial income | 75/76B | €307 | €1,133 | +€827 | +269.6% |
| Recurring financial income | 75 | €307 | €1,133 | +€827 | +269.6% |
| Financial charges | 65/66B | €632 | €657 | +€25 | +3.9% |
| Recurring financial charges | 65 | €632 | €657 | +€25 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €6,164 | €52,932 | +€46,768 | +758.7% |
| Income taxes | 67/77 | €3,333 | €19,187 | +€15,854 | +475.7% |
| Profit (loss) for the period | 9904 | €2,832 | €33,745 | +€30,914 | +1091.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,832 | €33,745 | +€30,914 | +1091.6% |
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 6 October 2026 via checked.be.