LAVI: 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.
LAVI
Largest movements
- Cash -€14,575
down €14,575 (-15.9%), from €91,881 to €77,306
mainly Debts after one year (-€13,750) and Trade debts (-€13,476)
- Current investments +€11,998
new in 2025: €11,998
- Tangible fixed assets -€10,591
down €10,591 (-6.4%), from €166,489 to €155,898
of which Land and buildings: -€6,981
- Reserves +€60,217
up €60,217 (+204.7%), from €29,412 to €89,629
of which Distributable reserves: +€60,217
- Profit (loss) carried forward -€51,535
down €51,535 (-100.0%), from €51,535 to €0
- Accrued charges and deferred income +€13,813
new in 2025: €13,813
- Debts after one year -€13,750
down €13,750 (-15.1%), from €91,250 to €77,500
- Trade debts -€13,476
down €13,476 (-99.5%), from €13,538 to €63
- Gross operating margin -€17,811
down €17,811 (-38.3%), from €46,509 to €28,698
- Depreciation -€10,940
down €10,940 (-50.8%), from €21,531 to €10,591
- Staff costs +€2,088
new in 2025: €2,088
- Taxes -€2,033
down €2,033 (-31.7%), from €6,407 to €4,374
- Financial charges +€685
up €685 (+35.2%), from €1,946 to €2,631
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 | €271,992 | €259,759 | -€12,233 | -4.5% |
| Fixed assets | 21/28 | €166,489 | €155,898 | -€10,591 | -6.4% |
| Tangible fixed assets | 22/27 | €166,489 | €155,898 | -€10,591 | -6.4% |
| Land and buildings | 22 | €149,342 | €142,361 | -€6,981 | -4.7% |
| Plant, machinery and equipment | 23 | €17,147 | €13,537 | -€3,610 | -21.1% |
| Current assets | 29/58 | €105,503 | €103,861 | -€1,642 | -1.6% |
| Amounts receivable within one year | 40/41 | €13,622 | €13,449 | -€173 | -1.3% |
| Trade receivables | 40 | €13,622 | €13,449 | -€173 | -1.3% |
| Current investments | 50/53 | - | €11,998 | +€11,998 | |
| Cash at bank and in hand | 54/58 | €91,881 | €77,306 | -€14,575 | -15.9% |
| Deferred charges and accrued income | 490/1 | - | €1,109 | +€1,109 | |
| Total equity and liabilities | 10/49 | €271,992 | €259,759 | -€12,233 | -4.5% |
| Equity | 10/15 | €127,378 | €136,060 | +€8,682 | +6.8% |
| Contributions | 10/11 | €46,431 | €46,431 | = | 0.0% |
| Reserves | 13 | €29,412 | €89,629 | +€60,217 | +204.7% |
| Non-distributable reserves | 130/1 | €6,847 | €6,847 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,847 | €6,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,076 | €4,076 | = | 0.0% |
| Distributable reserves | 133 | €18,490 | €78,707 | +€60,217 | +325.7% |
| Profit (loss) carried forward | 14 | €51,535 | €0 | -€51,535 | -100.0% |
| Amounts payable | 17/49 | €144,614 | €123,699 | -€20,915 | -14.5% |
| Amounts payable after more than one year | 17 | €91,250 | €77,500 | -€13,750 | -15.1% |
| Financial debts | 170/4 | €91,250 | €77,500 | -€13,750 | -15.1% |
| Amounts payable within one year | 42/48 | €53,364 | €32,386 | -€20,978 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €22,918 | €16,250 | -€6,668 | -29.1% |
| Trade debts | 44 | €13,538 | €63 | -€13,476 | -99.5% |
| Suppliers | 440/4 | €13,538 | €63 | -€13,476 | -99.5% |
| Taxes, remuneration and social security | 45 | €16,387 | €12,132 | -€4,254 | -26.0% |
| Taxes | 450/3 | €13,829 | €9,567 | -€4,262 | -30.8% |
| Remuneration and social security | 454/9 | €2,558 | €2,565 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €521 | €3,941 | +€3,420 | +655.9% |
| Accrued charges and deferred income | 492/3 | - | €13,813 | +€13,813 | |
| Remuneration, social security and pensions | 62 | - | €2,088 | +€2,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,531 | €10,591 | -€10,940 | -50.8% |
| Other operating charges | 640/8 | €1,732 | €1,116 | -€617 | -35.6% |
| Gross operating margin | 9900 | €46,509 | €28,698 | -€17,811 | -38.3% |
| Operating profit (loss) | 9901 | €23,245 | €14,903 | -€8,342 | -35.9% |
| Financial income | 75/76B | €401 | €784 | +€384 | +95.8% |
| Recurring financial income | 75 | €401 | €784 | +€384 | +95.8% |
| Financial charges | 65/66B | €1,946 | €2,631 | +€685 | +35.2% |
| Recurring financial charges | 65 | €1,946 | €2,631 | +€685 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €21,699 | €13,056 | -€8,643 | -39.8% |
| Income taxes | 67/77 | €6,407 | €4,374 | -€2,033 | -31.7% |
| Profit (loss) for the period | 9904 | €15,292 | €8,682 | -€6,610 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,292 | €8,682 | -€6,610 | -43.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.