LAVIN: 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.
LAVIN
Largest movements
- Financial fixed assets -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Current investments +€80,708
up €80,708 (+10.2%), from €795,057 to €875,765
- Cash -€67,690
down €67,690 (-44.1%), from €153,552 to €85,862
mainly Contributions, distributions and other (-€499,999) and Other debts (-€151,715)
- Contributions -€499,999
down €499,999 (-100.0%), from €500,000 to €1
- Reserves +€254,728
up €254,728 (+62.2%), from €409,745 to €664,473
- Other debts -€151,715
down €151,715 (-49.7%), from €304,970 to €153,254
- Tax, wage and social debts +€101,631
up €101,631 (+177.6%), from €57,217 to €158,848
- Gross operating margin +€226,108
up €226,108 (+232.5%), from €97,267 to €323,375
- Taxes +€78,543
up €78,543 (+186.0%), from €42,236 to €120,779
- Financial income -€59,550
down €59,550 (-48.8%), from €122,092 to €62,542
- Financial charges +€5,239
up €5,239, from -€2,485 to €2,754
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 | €1,276,225 | €987,842 | -€288,383 | -22.6% |
| Fixed assets | 21/28 | €321,286 | €16,378 | -€304,909 | -94.9% |
| Tangible fixed assets | 22/27 | €21,286 | €16,378 | -€4,909 | -23.1% |
| Furniture and vehicles | 24 | €21,286 | €16,378 | -€4,909 | -23.1% |
| Financial fixed assets | 28 | €300,000 | €0 | -€300,000 | -100.0% |
| Current assets | 29/58 | €954,938 | €971,464 | +€16,526 | +1.7% |
| Amounts receivable within one year | 40/41 | €4,034 | €6,844 | +€2,810 | +69.6% |
| Trade receivables | 40 | €726 | €3,542 | +€2,816 | +387.8% |
| Other amounts receivable | 41 | €3,308 | €3,303 | -€6 | -0.2% |
| Current investments | 50/53 | €795,057 | €875,765 | +€80,708 | +10.2% |
| Cash at bank and in hand | 54/58 | €153,552 | €85,862 | -€67,690 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,294 | €2,993 | +€699 | +30.5% |
| Total equity and liabilities | 10/49 | €1,276,225 | €987,842 | -€288,383 | -22.6% |
| Equity | 10/15 | €909,745 | €664,474 | -€245,271 | -27.0% |
| Contributions | 10/11 | €500,000 | €1 | -€499,999 | -100.0% |
| Reserves | 13 | €409,745 | €664,473 | +€254,728 | +62.2% |
| Distributable reserves | 133 | €409,745 | €664,473 | +€254,728 | +62.2% |
| Amounts payable | 17/49 | €366,479 | €323,368 | -€43,111 | -11.8% |
| Amounts payable within one year | 42/48 | €363,479 | €314,302 | -€49,177 | -13.5% |
| Trade debts | 44 | €1,292 | €2,200 | +€908 | +70.2% |
| Suppliers | 440/4 | €1,292 | €2,200 | +€908 | +70.2% |
| Taxes, remuneration and social security | 45 | €57,217 | €158,848 | +€101,631 | +177.6% |
| Taxes | 450/3 | €57,217 | €158,848 | +€101,631 | +177.6% |
| Other amounts payable | 47/48 | €304,970 | €153,254 | -€151,715 | -49.7% |
| Accrued charges and deferred income | 492/3 | €3,000 | €9,066 | +€6,066 | +202.2% |
| Remuneration, social security and pensions | 62 | €1,511 | €0 | -€1,511 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,981 | €6,418 | +€437 | +7.3% |
| Other operating charges | 640/8 | €1,218 | €1,238 | +€21 | +1.7% |
| Gross operating margin | 9900 | €97,267 | €323,375 | +€226,108 | +232.5% |
| Operating profit (loss) | 9901 | €88,558 | €315,719 | +€227,161 | +256.5% |
| Financial income | 75/76B | €122,092 | €62,542 | -€59,550 | -48.8% |
| Recurring financial income | 75 | €122,092 | €62,542 | -€59,550 | -48.8% |
| Financial charges | 65/66B | -€2,485 | €2,754 | +€5,239 | |
| Recurring financial charges | 65 | -€2,485 | €2,754 | +€5,239 | |
| Profit (loss) for the period before taxes | 9903 | €213,136 | €375,507 | +€162,371 | +76.2% |
| Income taxes | 67/77 | €42,236 | €120,779 | +€78,543 | +186.0% |
| Profit (loss) for the period | 9904 | €170,899 | €254,728 | +€83,828 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €170,899 | €254,728 | +€83,828 | +49.1% |
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 10 October 2026 via checked.be.