LAVISAINE: 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.
LAVISAINE
Largest movements
- Receivables within one year +€29,164
up €29,164 (+2,141%), from €1,362 to €30,526
of which Other amounts receivable: +€26,917
- Cash -€11,835
down €11,835 (-63.5%), from €18,625 to €6,790
mainly Receivables within one year (-€29,164) and Debts after one year (-€6,246)
- Stocks and contracts -€6,713
down €6,713 (-18.9%), from €35,564 to €28,851
- Profit (loss) carried forward +€23,916
up €23,916, from -€5,490 to €18,426
- Tax, wage and social debts +€7,253
up €7,253 (+971%), from €747 to €8,000
of which Taxes: +€7,162
- Debts after one year -€6,246
no longer reported in 2025 (was €6,246)
- Other debts -€6,122
no longer reported in 2025 (was €6,122)
- Current portion of long-term debt -€5,047
down €5,047 (-42.1%), from €11,983 to €6,936
- Gross operating margin +€50,190
up €50,190 (+260%), from €19,279 to €69,469
- Staff costs +€9,212
up €9,212 (+29.8%), from €30,955 to €40,167
- Depreciation -€2,620
down €2,620 (-91.2%), from €2,874 to €254
- Financial charges -€1,050
down €1,050 (-24.1%), from €4,350 to €3,300
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 | €56,737 | €66,977 | +€10,240 | +18.0% |
| Fixed assets | 21/28 | €671 | €417 | -€254 | -37.9% |
| Tangible fixed assets | 22/27 | €467 | €213 | -€254 | -54.4% |
| Land and buildings | 22 | €467 | €213 | -€254 | -54.4% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €56,065 | €66,560 | +€10,495 | +18.7% |
| Stocks and contracts in progress | 3 | €35,564 | €28,851 | -€6,713 | -18.9% |
| Stocks | 30/36 | €35,564 | €28,851 | -€6,713 | -18.9% |
| Amounts receivable within one year | 40/41 | €1,362 | €30,526 | +€29,164 | +2,141% |
| Trade receivables | 40 | €1,362 | €3,609 | +€2,247 | +165% |
| Other amounts receivable | 41 | - | €26,917 | +€26,917 | |
| Cash at bank and in hand | 54/58 | €18,625 | €6,790 | -€11,835 | -63.5% |
| Deferred charges and accrued income | 490/1 | €515 | €393 | -€122 | -23.6% |
| Total equity and liabilities | 10/49 | €56,737 | €66,977 | +€10,240 | +18.0% |
| Equity | 10/15 | €14,970 | €38,886 | +€23,916 | +160% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,490 | €18,426 | +€23,916 | |
| Amounts payable | 17/49 | €41,766 | €28,091 | -€13,675 | -32.7% |
| Amounts payable after more than one year | 17 | €6,246 | - | -€6,246 | |
| Financial debts | 170/4 | €6,246 | - | -€6,246 | |
| Amounts payable within one year | 42/48 | €35,520 | €28,091 | -€7,429 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €11,983 | €6,936 | -€5,047 | -42.1% |
| Trade debts | 44 | €16,668 | €13,155 | -€3,513 | -21.1% |
| Suppliers | 440/4 | €16,668 | €13,155 | -€3,513 | -21.1% |
| Taxes, remuneration and social security | 45 | €747 | €8,000 | +€7,253 | +971% |
| Taxes | 450/3 | €747 | €7,909 | +€7,162 | +959% |
| Remuneration and social security | 454/9 | - | €91 | +€91 | |
| Other amounts payable | 47/48 | €6,122 | - | -€6,122 | |
| Remuneration, social security and pensions | 62 | €30,955 | €40,167 | +€9,212 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,874 | €254 | -€2,620 | -91.2% |
| Other operating charges | 640/8 | €1,482 | €1,265 | -€217 | -14.6% |
| Non-recurring operating charges | 66A | - | €685 | +€685 | |
| Gross operating margin | 9900 | €19,279 | €69,469 | +€50,190 | +260% |
| Operating profit (loss) | 9901 | -€16,032 | €27,098 | +€43,130 | |
| Financial income | 75/76B | €1 | €118 | +€118 | +23,500% |
| Recurring financial income | 75 | €1 | €118 | +€118 | +23,500% |
| Financial charges | 65/66B | €4,350 | €3,300 | -€1,050 | -24.1% |
| Recurring financial charges | 65 | €4,350 | €3,300 | -€1,050 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,382 | €23,916 | +€44,298 | |
| Profit (loss) for the period | 9904 | -€20,382 | €23,916 | +€44,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,382 | €23,916 | +€44,298 |
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 19 October 2026 via checked.be.