LAVETAN: 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
LAVETAN
NACE 71.209, Other technical testing and analysis
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€215,401
2024 · €329,113-€113,712
Equity
€2.4m
2024 · €2.2m+€215,401
Cash
€699,186
2024 · €991,129-€291,943
Balance sheet total
€5.5m
2024 · €5.7m-€123,076
Largest movements
Assets
- Cash -€291,943
down €291,943 (-29.5%), from €991,129 to €699,186
mainly Investment in fixed assets (net) (-€259,147) and Current investments (-€200,000)
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€177,952
down €177,952 (-15.8%), from €1.1m to €950,511
- Receivables within one year +€136,019
up €136,019 (+4.6%), from €2.9m to €3.1m
of which Trade receivables: +€93,269
Equity and liabilities
- Profit (loss) carried forward +€215,401
up €215,401 (+14.7%), from €1.5m to €1.7m
- Debts after one year -€112,363
down €112,363 (-37.0%), from €304,007 to €191,644
- Short-term financial debts -€100,000
down €100,000 (-25.0%), from €400,000 to €300,000
- Trade debts -€77,176
down €77,176 (-4.8%), from €1.6m to €1.5m
Income statement
- Turnover +€301,405
up €301,405 (+2.4%), from €12.4m to €12.7m
- Services and other goods +€258,194
up €258,194 (+8.7%), from €3.0m to €3.2m
- Goods and materials +€187,185
up €187,185 (+4.8%), from €3.9m to €4.1m
of which Purchases: +€211,262
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.
Result 2024
€329,113
Turnover
+€301,405
Other operating income
-€11,063
Goods and materials
-€187,185
Services and other goods
-€258,194
Staff costs
-€35,728
Depreciation
+€29,208
Write-downs
+€17,260
Other operating charges
-€20,690
Other operating items
+€13,006
Financial income
-€7,672
Financial charges
+€17,135
Taxes
+€28,808
Result 2025
€215,401
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€385,965
Investment
-€459,147
Financing
-€218,761
Cash 2024
€991,129
From operations (derived)
+€385,965
Net result for the year
+€215,401
Depreciation
+€424,518
Stocks and contracts
-€10,330
Receivables within one year
-€136,019
Deferred charges and accrued income
+€12,110
Trade debts
-€77,176
Tax, wage and social debts
-€53,540
Advances received
+€11,000
Investment (derived)
-€459,147
Investment in fixed assets (net)
-€259,147
Current investments
-€200,000
Financing
-€218,761
Debts after one year
-€112,363
Current portion of long-term debt
-€6,398
Short-term financial debts
-€100,000
Cash 2025
€699,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,670,172 | €5,547,097 | -€123,076 | -2.2% |
| Fixed assets | 21/28 | €1,265,883 | €1,100,512 | -€165,371 | -13.1% |
| Intangible fixed assets | 21 | €137,284 | €149,865 | +€12,581 | +9.2% |
| Tangible fixed assets | 22/27 | €1,128,462 | €950,511 | -€177,952 | -15.8% |
| Plant, machinery and equipment | 23 | €102,742 | €80,235 | -€22,507 | -21.9% |
| Furniture and vehicles | 24 | €688,524 | €625,732 | -€62,792 | -9.1% |
| Leasing and similar rights | 25 | €124,785 | €68,123 | -€56,662 | -45.4% |
| Other tangible fixed assets | 26 | €212,412 | €176,421 | -€35,991 | -16.9% |
| Financial fixed assets | 28 | €137 | €137 | = | 0.0% |
| Other financial fixed assets | 284/8 | €137 | €137 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €137 | €137 | = | 0.0% |
| Current assets | 29/58 | €4,404,289 | €4,446,584 | +€42,296 | +1.0% |
| Stocks and contracts in progress | 3 | €351,349 | €361,679 | +€10,330 | +2.9% |
| Stocks | 30/36 | €351,349 | €361,679 | +€10,330 | +2.9% |
| Raw materials and consumables | 30/31 | €351,349 | €361,679 | +€10,330 | +2.9% |
| Amounts receivable within one year | 40/41 | €2,934,306 | €3,070,325 | +€136,019 | +4.6% |
| Trade receivables | 40 | €2,312,439 | €2,405,708 | +€93,269 | +4.0% |
| Other amounts receivable | 41 | €621,867 | €664,617 | +€42,750 | +6.9% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Other investments | 51/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €991,129 | €699,186 | -€291,943 | -29.5% |
| Deferred charges and accrued income | 490/1 | €127,504 | €115,394 | -€12,110 | -9.5% |
| Total equity and liabilities | 10/49 | €5,670,172 | €5,547,097 | -€123,076 | -2.2% |
| Equity | 10/15 | €2,177,214 | €2,392,614 | +€215,401 | +9.9% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,462,214 | €1,677,614 | +€215,401 | +14.7% |
| Amounts payable | 17/49 | €3,492,958 | €3,154,482 | -€338,476 | -9.7% |
| Amounts payable after more than one year | 17 | €304,007 | €191,644 | -€112,363 | -37.0% |
| Financial debts | 170/4 | €304,007 | €191,644 | -€112,363 | -37.0% |
| Leasing and similar obligations | 172 | €71,347 | €21,784 | -€49,563 | -69.5% |
| Credit institutions | 173 | €232,660 | €169,860 | -€62,800 | -27.0% |
| Amounts payable within one year | 42/48 | €3,188,951 | €2,962,839 | -€226,113 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €177,727 | €171,330 | -€6,398 | -3.6% |
| Financial debts | 43 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Credit institutions | 430/8 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Trade debts | 44 | €1,606,760 | €1,529,584 | -€77,176 | -4.8% |
| Suppliers | 440/4 | €1,606,760 | €1,529,584 | -€77,176 | -4.8% |
| Advances received on contracts in progress | 46 | - | €11,000 | +€11,000 | |
| Taxes, remuneration and social security | 45 | €1,004,464 | €950,924 | -€53,540 | -5.3% |
| Taxes | 450/3 | €217,108 | €200,500 | -€16,608 | -7.6% |
| Remuneration and social security | 454/9 | €787,356 | €750,424 | -€36,932 | -4.7% |
| Operating income | 70/76A | €12,689,137 | €12,984,989 | +€295,852 | +2.3% |
| Turnover | 70 | €12,386,832 | €12,688,237 | +€301,405 | +2.4% |
| Own construction capitalised | 72 | €62,161 | €60,000 | -€2,161 | -3.5% |
| Other operating income | 74 | €240,143 | €229,080 | -€11,063 | -4.6% |
| Non-recurring operating income | 76A | - | €7,672 | +€7,672 | |
| Operating charges | 60/66A | €12,219,040 | €12,666,874 | +€447,834 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €3,870,493 | €4,057,679 | +€187,185 | +4.8% |
| Purchases | 600/8 | €3,856,747 | €4,068,009 | +€211,262 | +5.5% |
| Change in stocks: decrease (increase) | 609 | €13,747 | -€10,330 | -€24,077 | |
| Services and other goods | 61 | €2,980,784 | €3,238,978 | +€258,194 | +8.7% |
| Remuneration, social security and pensions | 62 | €4,886,108 | €4,921,836 | +€35,728 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453,726 | €424,518 | -€29,208 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,288 | -€12,972 | -€17,260 | |
| Other operating charges | 640/8 | €14,830 | €35,520 | +€20,690 | +140% |
| Non-recurring operating charges | 66A | €8,810 | €1,314 | -€7,496 | -85.1% |
| Operating profit (loss) | 9901 | €470,097 | €318,115 | -€151,982 | -32.3% |
| Financial income | 75/76B | €45,518 | €37,845 | -€7,672 | -16.9% |
| Recurring financial income | 75 | €45,518 | €37,845 | -€7,672 | -16.9% |
| Income from current assets | 751 | €21,095 | €31,750 | +€10,655 | +50.5% |
| Other financial income | 752/9 | €24,423 | €6,095 | -€18,327 | -75.0% |
| Financial charges | 65/66B | €47,693 | €30,558 | -€17,135 | -35.9% |
| Recurring financial charges | 65 | €47,693 | €30,558 | -€17,135 | -35.9% |
| Debt charges | 650 | €43,879 | €28,819 | -€15,061 | -34.3% |
| Other financial charges | 652/9 | €3,814 | €1,739 | -€2,074 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €467,921 | €325,402 | -€142,520 | -30.5% |
| Income taxes | 67/77 | €138,809 | €110,001 | -€28,808 | -20.8% |
| Taxes | 670/3 | €138,809 | €111,000 | -€27,809 | -20.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €999 | +€999 | |
| Profit (loss) for the period | 9904 | €329,113 | €215,401 | -€113,712 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €329,113 | €215,401 | -€113,712 | -34.6% |
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 13 October 2026 via checked.be.