LAVERS PROJECTS: 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.
LAVERS PROJECTS
Largest movements
- Cash +€27,207
up €27,207 (+56.5%), from €48,178 to €75,385
mainly Other debts (+€42,501) and Net result for the year (+€30,846)
- Receivables within one year -€11,429
down €11,429 (-23.2%), from €49,232 to €37,803
of which Trade receivables: -€16,426
- Tangible fixed assets -€8,065
down €8,065 (-23.5%), from €34,286 to €26,222
of which Furniture and vehicles: -€5,325
- Other debts +€42,501
new in 2025: €42,501
- Trade debts -€19,839
down €19,839 (-78.3%), from €25,334 to €5,495
- Reserves -€11,655
down €11,655 (-11.9%), from €98,226 to €86,571
- Current portion of long-term debt -€2,098
down €2,098 (-100.0%), from €2,098 to €0
- Tax, wage and social debts +€1,702
up €1,702 (+63.8%), from €2,666 to €4,367
- Gross operating margin +€38,003
up €38,003 (+151.4%), from €25,109 to €63,112
- Taxes +€9,808
up €9,808 (+204.9%), from €4,787 to €14,595
- Depreciation +€2,265
up €2,265 (+39.0%), from €5,800 to €8,065
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 | €156,839 | €165,941 | +€9,102 | +5.8% |
| Fixed assets | 21/28 | €34,286 | €26,222 | -€8,065 | -23.5% |
| Tangible fixed assets | 22/27 | €34,286 | €26,222 | -€8,065 | -23.5% |
| Land and buildings | 22 | €2,269 | €1,551 | -€717 | -31.6% |
| Plant, machinery and equipment | 23 | €426 | €274 | -€152 | -35.7% |
| Furniture and vehicles | 24 | €13,622 | €8,297 | -€5,325 | -39.1% |
| Other tangible fixed assets | 26 | €17,969 | €16,099 | -€1,870 | -10.4% |
| Current assets | 29/58 | €122,552 | €139,720 | +€17,167 | +14.0% |
| Amounts receivable after more than one year | 29 | €21,427 | €21,427 | = | 0.0% |
| Other amounts receivable | 291 | €21,427 | €21,427 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,232 | €37,803 | -€11,429 | -23.2% |
| Trade receivables | 40 | €37,761 | €21,334 | -€16,426 | -43.5% |
| Other amounts receivable | 41 | €11,471 | €16,469 | +€4,998 | +43.6% |
| Cash at bank and in hand | 54/58 | €48,178 | €75,385 | +€27,207 | +56.5% |
| Deferred charges and accrued income | 490/1 | €3,716 | €5,105 | +€1,389 | +37.4% |
| Total equity and liabilities | 10/49 | €156,839 | €165,941 | +€9,102 | +5.8% |
| Equity | 10/15 | €104,426 | €92,771 | -€11,655 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,226 | €86,571 | -€11,655 | -11.9% |
| Distributable reserves | 133 | €98,226 | €86,571 | -€11,655 | -11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,413 | €73,170 | +€20,757 | +39.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,413 | €73,170 | +€20,757 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €2,098 | €0 | -€2,098 | -100.0% |
| Financial debts | 43 | €1,508 | €0 | -€1,508 | -100.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,508 | €0 | -€1,508 | -100.0% |
| Trade debts | 44 | €25,334 | €5,495 | -€19,839 | -78.3% |
| Suppliers | 440/4 | €25,334 | €5,495 | -€19,839 | -78.3% |
| Advances received on contracts in progress | 46 | €20,808 | €20,808 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,666 | €4,367 | +€1,702 | +63.8% |
| Taxes | 450/3 | €2,666 | €4,367 | +€1,702 | +63.8% |
| Other amounts payable | 47/48 | - | €42,501 | +€42,501 | |
| Non-recurring operating income | 76A | €127 | €0 | -€127 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,800 | €8,065 | +€2,265 | +39.0% |
| Other operating charges | 640/8 | €1,035 | €1,457 | +€423 | +40.9% |
| Non-recurring operating charges | 66A | €248 | €3,271 | +€3,023 | +1217.8% |
| Gross operating margin | 9900 | €25,109 | €63,112 | +€38,003 | +151.4% |
| Operating profit (loss) | 9901 | €18,026 | €50,319 | +€32,293 | +179.1% |
| Financial income | 75/76B | €369 | €482 | +€114 | +30.8% |
| Recurring financial income | 75 | €369 | €482 | +€114 | +30.8% |
| Financial charges | 65/66B | €5,534 | €5,360 | -€173 | -3.1% |
| Recurring financial charges | 65 | €5,534 | €5,360 | -€173 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €12,860 | €45,440 | +€32,580 | +253.3% |
| Income taxes | 67/77 | €4,787 | €14,595 | +€9,808 | +204.9% |
| Profit (loss) for the period | 9904 | €8,073 | €30,846 | +€22,772 | +282.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,073 | €30,846 | +€22,772 | +282.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.