LAVINIA: 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.
LAVINIA
Largest movements
- Tangible fixed assets +€162,786
up €162,786 (+46.5%), from €350,401 to €513,186
of which Land and buildings: +€169,652
- Cash -€65,195
down €65,195 (-44.2%), from €147,548 to €82,353
mainly Investment in fixed assets (net) (-€211,380) and Debts after one year (-€16,428)
- Receivables within one year -€15,879
down €15,879 (-12.3%), from €129,540 to €113,661
of which Trade receivables: -€69,704
- Reserves +€54,468
up €54,468 (+14.6%), from €373,102 to €427,571
of which Distributable reserves: +€60,000
- Trade debts +€26,442
up €26,442 (+90.3%), from €29,283 to €55,725
- Debts after one year -€16,428
down €16,428 (-15.8%), from €104,272 to €87,844
- Other debts +€10,698
new in 2025: €10,698
- Staff costs +€18,509
up €18,509 (+9.5%), from €195,501 to €214,010
- Gross operating margin -€18,317
down €18,317 (-4.5%), from €408,984 to €390,668
- Depreciation +€15,474
up €15,474 (+46.7%), from €33,120 to €48,594
- Taxes -€5,037
down €5,037 (-15.8%), from €31,939 to €26,902
- Financial income +€4,541
up €4,541 (+28739.3%), from €16 to €4,557
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 | €636,512 | €718,464 | +€81,952 | +12.9% |
| Fixed assets | 21/28 | €351,031 | €513,816 | +€162,786 | +46.4% |
| Tangible fixed assets | 22/27 | €350,401 | €513,186 | +€162,786 | +46.5% |
| Land and buildings | 22 | €299,200 | €468,853 | +€169,652 | +56.7% |
| Plant, machinery and equipment | 23 | €51,200 | €40,808 | -€10,392 | -20.3% |
| Furniture and vehicles | 24 | €0 | €3,525 | +€3,525 | |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €285,482 | €204,648 | -€80,834 | -28.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €8,096 | €5,000 | -€3,096 | -38.2% |
| Stocks | 30/36 | €8,096 | €5,000 | -€3,096 | -38.2% |
| Amounts receivable within one year | 40/41 | €129,540 | €113,661 | -€15,879 | -12.3% |
| Trade receivables | 40 | €75,597 | €5,893 | -€69,704 | -92.2% |
| Other amounts receivable | 41 | €53,943 | €107,768 | +€53,825 | +99.8% |
| Cash at bank and in hand | 54/58 | €147,548 | €82,353 | -€65,195 | -44.2% |
| Deferred charges and accrued income | 490/1 | €298 | €3,634 | +€3,336 | +1120.6% |
| Total equity and liabilities | 10/49 | €636,512 | €718,464 | +€81,952 | +12.9% |
| Equity | 10/15 | €379,599 | €434,413 | +€54,814 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €373,102 | €427,571 | +€54,468 | +14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €25,102 | €19,571 | -€5,532 | -22.0% |
| Distributable reserves | 133 | €348,000 | €408,000 | +€60,000 | +17.2% |
| Profit (loss) carried forward | 14 | €297 | €643 | +€346 | +116.4% |
| Provisions and deferred taxes | 16 | €8,367 | €6,524 | -€1,844 | -22.0% |
| Deferred taxes | 168 | €8,367 | €6,524 | -€1,844 | -22.0% |
| Amounts payable | 17/49 | €248,545 | €277,527 | +€28,982 | +11.7% |
| Amounts payable after more than one year | 17 | €104,272 | €87,844 | -€16,428 | -15.8% |
| Financial debts | 170/4 | €104,272 | €87,844 | -€16,428 | -15.8% |
| Amounts payable within one year | 42/48 | €144,274 | €189,684 | +€45,410 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €15,668 | €16,428 | +€760 | +4.8% |
| Trade debts | 44 | €29,283 | €55,725 | +€26,442 | +90.3% |
| Suppliers | 440/4 | €29,283 | €55,725 | +€26,442 | +90.3% |
| Advances received on contracts in progress | 46 | - | €1,353 | +€1,353 | |
| Taxes, remuneration and social security | 45 | €99,322 | €105,480 | +€6,157 | +6.2% |
| Taxes | 450/3 | €65,770 | €77,647 | +€11,877 | +18.1% |
| Remuneration and social security | 454/9 | €33,552 | €27,833 | -€5,719 | -17.0% |
| Other amounts payable | 47/48 | - | €10,698 | +€10,698 | |
| Non-recurring operating income | 76A | €152 | €0 | -€152 | -100.0% |
| Remuneration, social security and pensions | 62 | €195,501 | €214,010 | +€18,509 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,120 | €48,594 | +€15,474 | +46.7% |
| Other operating charges | 640/8 | €26,024 | €24,948 | -€1,076 | -4.1% |
| Gross operating margin | 9900 | €408,984 | €390,668 | -€18,317 | -4.5% |
| Operating profit (loss) | 9901 | €154,339 | €103,116 | -€51,224 | -33.2% |
| Financial income | 75/76B | €16 | €4,557 | +€4,541 | +28739.3% |
| Recurring financial income | 75 | €16 | €4,557 | +€4,541 | +28739.3% |
| Financial charges | 65/66B | €25,967 | €27,801 | +€1,834 | +7.1% |
| Recurring financial charges | 65 | €25,967 | €27,801 | +€1,834 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €128,389 | €79,872 | -€48,517 | -37.8% |
| Transfer from deferred taxes | 780 | €1,844 | €1,844 | = | 0.0% |
| Income taxes | 67/77 | €31,939 | €26,902 | -€5,037 | -15.8% |
| Profit (loss) for the period | 9904 | €98,293 | €54,814 | -€43,479 | -44.2% |
| Transfer from tax-exempt reserves | 789 | €5,532 | €5,532 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,825 | €60,346 | -€43,479 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.