LAVEUDIS: 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.
LAVEUDIS
Largest movements
- Cash +€76,580
up €76,580 (+24.0%), from €319,513 to €396,092
mainly Net result for the year (+€230,129) and Other debts (+€227,505)
- Tangible fixed assets -€72,375
down €72,375 (-19.8%), from €365,358 to €292,982
- Other debts +€227,505
up €227,505 (+313%), from €72,571 to €300,076
- Reserves -€100,000
down €100,000 (-15.4%), from €649,698 to €549,698
of which Distributable reserves: -€100,000
- Trade debts -€50,740
down €50,740 (-14.8%), from €343,323 to €292,583
- Tax, wage and social debts -€32,928
down €32,928 (-25.5%), from €129,115 to €96,187
of which Taxes: -€27,846
- Accrued charges and deferred income -€31,598
down €31,598 (-36.4%), from €86,744 to €55,146
- Taxes -€48,523
down €48,523 (-50.5%), from €96,024 to €47,501
- Gross operating margin -€45,407
down €45,407 (-4.9%), from €931,579 to €886,172
- Staff costs -€40,283
down €40,283 (-7.4%), from €541,274 to €500,991
- Depreciation +€33,864
up €33,864 (+64.4%), from €52,621 to €86,485
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,693,206 | €1,714,849 | +€21,644 | +1.3% |
| Fixed assets | 21/28 | €383,038 | €310,663 | -€72,375 | -18.9% |
| Tangible fixed assets | 22/27 | €365,358 | €292,982 | -€72,375 | -19.8% |
| Land and buildings | 22 | €113,729 | €107,181 | -€6,548 | -5.8% |
| Plant, machinery and equipment | 23 | €117,578 | €81,745 | -€35,833 | -30.5% |
| Furniture and vehicles | 24 | €134,051 | €104,056 | -€29,995 | -22.4% |
| Financial fixed assets | 28 | €17,680 | €17,680 | = | 0.0% |
| Current assets | 29/58 | €1,310,167 | €1,404,187 | +€94,019 | +7.2% |
| Stocks and contracts in progress | 3 | €498,212 | €496,930 | -€1,282 | -0.3% |
| Stocks | 30/36 | €498,212 | €496,930 | -€1,282 | -0.3% |
| Amounts receivable within one year | 40/41 | €309,825 | €315,504 | +€5,679 | +1.8% |
| Trade receivables | 40 | €246,204 | €272,794 | +€26,590 | +10.8% |
| Other amounts receivable | 41 | €63,621 | €42,710 | -€20,911 | -32.9% |
| Current investments | 50/53 | €150,000 | €155,894 | +€5,894 | +3.9% |
| Cash at bank and in hand | 54/58 | €319,513 | €396,092 | +€76,580 | +24.0% |
| Deferred charges and accrued income | 490/1 | €32,617 | €39,766 | +€7,149 | +21.9% |
| Total equity and liabilities | 10/49 | €1,693,206 | €1,714,849 | +€21,644 | +1.3% |
| Equity | 10/15 | €1,007,769 | €937,898 | -€69,871 | -6.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €649,698 | €549,698 | -€100,000 | -15.4% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,000 | €16,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,198 | €2,198 | = | 0.0% |
| Distributable reserves | 133 | €631,500 | €531,500 | -€100,000 | -15.8% |
| Profit (loss) carried forward | 14 | €198,071 | €228,200 | +€30,129 | +15.2% |
| Amounts payable | 17/49 | €685,437 | €776,952 | +€91,515 | +13.4% |
| Amounts payable after more than one year | 17 | €32,960 | €18,470 | -€14,490 | -44.0% |
| Financial debts | 170/4 | €32,960 | €18,470 | -€14,490 | -44.0% |
| Amounts payable within one year | 42/48 | €565,733 | €703,336 | +€137,603 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €20,724 | €14,490 | -€6,234 | -30.1% |
| Trade debts | 44 | €343,323 | €292,583 | -€50,740 | -14.8% |
| Suppliers | 440/4 | €343,323 | €292,583 | -€50,740 | -14.8% |
| Taxes, remuneration and social security | 45 | €129,115 | €96,187 | -€32,928 | -25.5% |
| Taxes | 450/3 | €35,846 | €8,000 | -€27,846 | -77.7% |
| Remuneration and social security | 454/9 | €93,269 | €88,187 | -€5,082 | -5.4% |
| Other amounts payable | 47/48 | €72,571 | €300,076 | +€227,505 | +313% |
| Accrued charges and deferred income | 492/3 | €86,744 | €55,146 | -€31,598 | -36.4% |
| Remuneration, social security and pensions | 62 | €541,274 | €500,991 | -€40,283 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,621 | €86,485 | +€33,864 | +64.4% |
| Other operating charges | 640/8 | €16,515 | €17,346 | +€831 | +5.0% |
| Gross operating margin | 9900 | €931,579 | €886,172 | -€45,407 | -4.9% |
| Operating profit (loss) | 9901 | €321,169 | €281,350 | -€39,820 | -12.4% |
| Financial income | 75/76B | €24,408 | €31,733 | +€7,325 | +30.0% |
| Recurring financial income | 75 | €24,408 | €31,733 | +€7,325 | +30.0% |
| Financial charges | 65/66B | €35,486 | €35,453 | -€34 | -0.1% |
| Recurring financial charges | 65 | €35,486 | €35,453 | -€34 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €310,091 | €277,630 | -€32,461 | -10.5% |
| Income taxes | 67/77 | €96,024 | €47,501 | -€48,523 | -50.5% |
| Profit (loss) for the period | 9904 | €214,067 | €230,129 | +€16,062 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €214,067 | €230,129 | +€16,062 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.