LAVISEOL: 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.
LAVISEOL
Largest movements
- Tangible fixed assets -€9,213
down €9,213 (-10.6%), from €86,757 to €77,545
of which Plant, machinery and equipment: -€9,213
- Current portion of long-term debt -€7,164
no longer reported in 2025 (was €7,164)
- Other debts -€2,264
down €2,264 (-5.0%), from €44,978 to €42,714
- Depreciation +€478
up €478 (+4.4%), from €10,951 to €11,429
- Gross operating margin -€261
down €261 (-1.9%), from €13,884 to €13,623
- Financial charges -€230
down €230 (-67.2%), from €342 to €112
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 | €86,777 | €77,852 | -€8,925 | -10.3% |
| Fixed assets | 21/28 | €86,757 | €77,545 | -€9,213 | -10.6% |
| Tangible fixed assets | 22/27 | €86,757 | €77,545 | -€9,213 | -10.6% |
| Land and buildings | 22 | €10,907 | €10,907 | = | 0.0% |
| Plant, machinery and equipment | 23 | €75,850 | €66,637 | -€9,213 | -12.1% |
| Current assets | 29/58 | €20 | €308 | +€288 | +1,465% |
| Cash at bank and in hand | 54/58 | €20 | €47 | +€27 | +140% |
| Deferred charges and accrued income | 490/1 | - | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €86,777 | €77,852 | -€8,925 | -10.3% |
| Equity | 10/15 | €34,636 | €35,139 | +€503 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,395 | €6,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,617 | €2,617 | = | 0.0% |
| Legal reserve | 130 | €2,617 | €2,617 | = | 0.0% |
| Distributable reserves | 133 | €3,777 | €3,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,759 | -€33,256 | +€503 | +1.5% |
| Amounts payable | 17/49 | €52,141 | €42,714 | -€9,428 | -18.1% |
| Amounts payable within one year | 42/48 | €52,141 | €42,714 | -€9,428 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €7,164 | - | -€7,164 | |
| Other amounts payable | 47/48 | €44,978 | €42,714 | -€2,264 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,951 | €11,429 | +€478 | +4.4% |
| Other operating charges | 640/8 | €1,532 | €1,579 | +€47 | +3.1% |
| Gross operating margin | 9900 | €13,884 | €13,623 | -€261 | -1.9% |
| Operating profit (loss) | 9901 | €1,401 | €615 | -€786 | -56.1% |
| Financial charges | 65/66B | €342 | €112 | -€230 | -67.2% |
| Recurring financial charges | 65 | €342 | €112 | -€230 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €1,058 | €503 | -€555 | -52.5% |
| Profit (loss) for the period | 9904 | €1,058 | €503 | -€555 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,058 | €503 | -€555 | -52.5% |
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 14 October 2026 via checked.be.