LAVIBEL: 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.
LAVIBEL
Largest movements
- Deferred charges and accrued income -€5,112
down €5,112 (-34.5%), from €14,806 to €9,694
- Cash -€2,565
down €2,565 (-69.2%), from €3,707 to €1,142
mainly Net result for the year (-€27,048) and Investment in fixed assets (net) (-€2,249)
- Tangible fixed assets +€2,159
up €2,159 (+9.4%), from €22,983 to €25,142
of which Plant, machinery and equipment: +€2,159
- Profit (loss) carried forward -€27,048
down €27,048 (-7.7%), from -€350,520 to -€377,568
- Tax, wage and social debts +€11,704
up €11,704 (+29.1%), from €40,232 to €51,936
of which Remuneration and social security: +€10,408
- Other debts +€9,862
up €9,862 (+3.4%), from €288,079 to €297,940
- Staff costs +€46,217
up €46,217 (+14.9%), from €309,267 to €355,484
- Gross operating margin +€35,227
up €35,227 (+12.0%), from €293,669 to €328,896
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 | €41,496 | €35,977 | -€5,519 | -13.3% |
| Fixed assets | 21/28 | €22,983 | €25,142 | +€2,159 | +9.4% |
| Tangible fixed assets | 22/27 | €22,983 | €25,142 | +€2,159 | +9.4% |
| Plant, machinery and equipment | 23 | - | €2,159 | +€2,159 | |
| Assets under construction and advance payments | 27 | €22,983 | €22,983 | = | 0.0% |
| Current assets | 29/58 | €18,514 | €10,836 | -€7,678 | -41.5% |
| Cash at bank and in hand | 54/58 | €3,707 | €1,142 | -€2,565 | -69.2% |
| Deferred charges and accrued income | 490/1 | €14,806 | €9,694 | -€5,112 | -34.5% |
| Total equity and liabilities | 10/49 | €41,496 | €35,977 | -€5,519 | -13.3% |
| Equity | 10/15 | -€288,546 | -€315,594 | -€27,048 | -9.4% |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Capital | 10 | €61,974 | €61,974 | = | 0.0% |
| Issued capital | 100 | €61,974 | €61,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,520 | -€377,568 | -€27,048 | -7.7% |
| Amounts payable | 17/49 | €330,042 | €351,571 | +€21,529 | +6.5% |
| Amounts payable within one year | 42/48 | €329,748 | €351,560 | +€21,812 | +6.6% |
| Trade debts | 44 | €1,438 | €1,683 | +€246 | +17.1% |
| Suppliers | 440/4 | €1,438 | €1,683 | +€246 | +17.1% |
| Taxes, remuneration and social security | 45 | €40,232 | €51,936 | +€11,704 | +29.1% |
| Taxes | 450/3 | €575 | €1,871 | +€1,296 | +225.4% |
| Remuneration and social security | 454/9 | €39,657 | €50,065 | +€10,408 | +26.2% |
| Other amounts payable | 47/48 | €288,079 | €297,940 | +€9,862 | +3.4% |
| Accrued charges and deferred income | 492/3 | €294 | €11 | -€283 | -96.2% |
| Remuneration, social security and pensions | 62 | €309,267 | €355,484 | +€46,217 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €90 | +€90 | |
| Other operating charges | 640/8 | - | €96 | +€96 | |
| Gross operating margin | 9900 | €293,669 | €328,896 | +€35,227 | +12.0% |
| Operating profit (loss) | 9901 | -€15,598 | -€26,774 | -€11,176 | -71.6% |
| Financial charges | 65/66B | €293 | €274 | -€19 | -6.6% |
| Recurring financial charges | 65 | €243 | €274 | +€31 | +12.6% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€15,891 | -€27,048 | -€11,157 | -70.2% |
| Profit (loss) for the period | 9904 | -€15,891 | -€27,048 | -€11,157 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,891 | -€27,048 | -€11,157 | -70.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.