LAVEZZI: 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.
LAVEZZI
Largest movements
- Tangible fixed assets -€274,405
down €274,405 (-16.5%), from €1.7m to €1.4m
- Receivables within one year -€192,006
down €192,006 (-19.7%), from €973,437 to €781,431
of which Trade receivables: -€691,432
- Deferred charges and accrued income +€159,112
up €159,112 (+80.3%), from €198,262 to €357,374
- Contributions +€2.8m
up €2.8m (+28,320%), from €10,000 to €2.8m
- Profit (loss) carried forward -€1.9m
down €1.9m (-81.6%), from -€2.3m to -€4.1m
- Accrued charges and deferred income -€1.0m
down €1.0m (-69.7%), from €1.5m to €442,865
- Other debts -€535,588
down €535,588 (-24.9%), from €2.1m to €1.6m
- Trade debts +€232,540
up €232,540 (+11.8%), from €2.0m to €2.2m
- Gross operating margin +€909,516
up €909,516 (+1,666%), from €54,577 to €964,094
- Staff costs +€853,453
up €853,453 (+86.3%), from €988,464 to €1.8m
- Other operating charges -€197,332
down €197,332 (-42.5%), from €464,076 to €266,745
- Write-downs +€156,595
new in 2025: €156,595
- Depreciation +€115,632
up €115,632 (+76.4%), from €151,253 to €266,885
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 | €3,662,075 | €3,338,437 | -€323,638 | -8.8% |
| Fixed assets | 21/28 | €1,770,819 | €1,472,030 | -€298,789 | -16.9% |
| Intangible fixed assets | 21 | €104,531 | €80,148 | -€24,383 | -23.3% |
| Tangible fixed assets | 22/27 | €1,666,288 | €1,391,882 | -€274,405 | -16.5% |
| Land and buildings | 22 | €214,314 | €198,683 | -€15,632 | -7.3% |
| Plant, machinery and equipment | 23 | €550,401 | €446,587 | -€103,814 | -18.9% |
| Furniture and vehicles | 24 | €767,705 | €742,282 | -€25,423 | -3.3% |
| Other tangible fixed assets | 26 | - | €4,330 | +€4,330 | |
| Assets under construction and advance payments | 27 | €133,867 | €0 | -€133,867 | -100% |
| Current assets | 29/58 | €1,891,256 | €1,866,406 | -€24,849 | -1.3% |
| Stocks and contracts in progress | 3 | €16,179 | €14,668 | -€1,511 | -9.3% |
| Stocks | 30/36 | €16,179 | €14,668 | -€1,511 | -9.3% |
| Amounts receivable within one year | 40/41 | €973,437 | €781,431 | -€192,006 | -19.7% |
| Trade receivables | 40 | €826,751 | €135,319 | -€691,432 | -83.6% |
| Other amounts receivable | 41 | €146,686 | €646,113 | +€499,427 | +340% |
| Cash at bank and in hand | 54/58 | €703,378 | €712,933 | +€9,555 | +1.4% |
| Deferred charges and accrued income | 490/1 | €198,262 | €357,374 | +€159,112 | +80.3% |
| Total equity and liabilities | 10/49 | €3,662,075 | €3,338,437 | -€323,638 | -8.8% |
| Equity | 10/15 | -€2,200,780 | -€1,219,803 | +€980,977 | +44.6% |
| Contributions | 10/11 | €10,000 | €2,841,975 | +€2.8m | +28,320% |
| Reserves | 13 | €57,508 | €57,508 | = | 0.0% |
| Distributable reserves | 133 | €57,508 | €57,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,268,288 | -€4,119,286 | -€1.9m | -81.6% |
| Amounts payable | 17/49 | €5,862,854 | €4,558,239 | -€1.3m | -22.3% |
| Amounts payable within one year | 42/48 | €4,400,904 | €4,115,374 | -€285,530 | -6.5% |
| Trade debts | 44 | €1,969,231 | €2,201,771 | +€232,540 | +11.8% |
| Suppliers | 440/4 | €1,969,231 | €2,201,771 | +€232,540 | +11.8% |
| Taxes, remuneration and social security | 45 | €282,667 | €300,185 | +€17,518 | +6.2% |
| Taxes | 450/3 | €154,454 | €151,660 | -€2,795 | -1.8% |
| Remuneration and social security | 454/9 | €128,213 | €148,525 | +€20,312 | +15.8% |
| Other amounts payable | 47/48 | €2,149,005 | €1,613,418 | -€535,588 | -24.9% |
| Accrued charges and deferred income | 492/3 | €1,461,950 | €442,865 | -€1.0m | -69.7% |
| Non-recurring operating income | 76A | - | €314 | +€314 | |
| Remuneration, social security and pensions | 62 | €988,464 | €1,841,918 | +€853,453 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,253 | €266,885 | +€115,632 | +76.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €156,595 | +€156,595 | |
| Other operating charges | 640/8 | €464,076 | €266,745 | -€197,332 | -42.5% |
| Gross operating margin | 9900 | €54,577 | €964,094 | +€909,516 | +1,666% |
| Operating profit (loss) | 9901 | -€1,549,216 | -€1,568,049 | -€18,833 | -1.2% |
| Financial income | 75/76B | €62,927 | €21,467 | -€41,460 | -65.9% |
| Recurring financial income | 75 | €62,927 | €21,467 | -€41,460 | -65.9% |
| Financial charges | 65/66B | €195,646 | €304,417 | +€108,771 | +55.6% |
| Recurring financial charges | 65 | €195,646 | €304,417 | +€108,771 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,681,934 | -€1,850,998 | -€169,064 | -10.1% |
| Profit (loss) for the period | 9904 | -€1,681,934 | -€1,850,998 | -€169,064 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,681,934 | -€1,850,998 | -€169,064 | -10.1% |
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 16 October 2026 via checked.be.