LAVIVA: 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.
LAVIVA
Largest movements
- Tangible fixed assets -€17,625
down €17,625 (-3.4%), from €512,504 to €494,879
of which Land and buildings: -€16,639
- Receivables within one year +€11,004
up €11,004 (+38.8%), from €28,363 to €39,367
of which Trade receivables: +€12,820
- Other debts +€264,908
up €264,908 (+905%), from €29,273 to €294,182
- Reserves -€236,518
down €236,518 (-53.1%), from €445,426 to €208,908
- Debts after one year -€48,946
down €48,946 (-15.9%), from €308,206 to €259,261
- Current portion of long-term debt +€19,200
up €19,200 (+57.2%), from €33,538 to €52,738
- Gross operating margin -€14,139
down €14,139 (-8.7%), from €161,614 to €147,474
- Depreciation +€4,156
up €4,156 (+30.9%), from €13,469 to €17,625
- Taxes -€3,044
down €3,044 (-10.7%), from €28,408 to €25,364
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 | €838,913 | €832,599 | -€6,315 | -0.8% |
| Fixed assets | 21/28 | €512,504 | €494,879 | -€17,625 | -3.4% |
| Tangible fixed assets | 22/27 | €512,504 | €494,879 | -€17,625 | -3.4% |
| Land and buildings | 22 | €511,518 | €494,879 | -€16,639 | -3.3% |
| Furniture and vehicles | 24 | €986 | - | -€986 | |
| Current assets | 29/58 | €326,409 | €337,720 | +€11,310 | +3.5% |
| Amounts receivable within one year | 40/41 | €28,363 | €39,367 | +€11,004 | +38.8% |
| Trade receivables | 40 | €16,941 | €29,761 | +€12,820 | +75.7% |
| Other amounts receivable | 41 | €11,422 | €9,606 | -€1,817 | -15.9% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €246,537 | €248,353 | +€1,816 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,509 | - | -€1,509 | |
| Total equity and liabilities | 10/49 | €838,913 | €832,599 | -€6,315 | -0.8% |
| Equity | 10/15 | €459,686 | €223,168 | -€236,518 | -51.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €445,426 | €208,908 | -€236,518 | -53.1% |
| Distributable reserves | 133 | €445,426 | €208,908 | -€236,518 | -53.1% |
| Amounts payable | 17/49 | €379,228 | €609,431 | +€230,203 | +60.7% |
| Amounts payable after more than one year | 17 | €308,206 | €259,261 | -€48,946 | -15.9% |
| Financial debts | 170/4 | €308,206 | €259,261 | -€48,946 | -15.9% |
| Amounts payable within one year | 42/48 | €71,022 | €350,171 | +€279,149 | +393% |
| Current portion of amounts payable after more than one year | 42 | €33,538 | €52,738 | +€19,200 | +57.2% |
| Trade debts | 44 | €1,741 | €3,119 | +€1,379 | +79.2% |
| Suppliers | 440/4 | €1,741 | €3,119 | +€1,379 | +79.2% |
| Taxes, remuneration and social security | 45 | €6,470 | €132 | -€6,338 | -98.0% |
| Taxes | 450/3 | €6,470 | €132 | -€6,338 | -98.0% |
| Other amounts payable | 47/48 | €29,273 | €294,182 | +€264,908 | +905% |
| Remuneration, social security and pensions | 62 | €3,709 | €2,766 | -€943 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,469 | €17,625 | +€4,156 | +30.9% |
| Other operating charges | 640/8 | €1,104 | €1,133 | +€30 | +2.7% |
| Gross operating margin | 9900 | €161,614 | €147,474 | -€14,139 | -8.7% |
| Operating profit (loss) | 9901 | €143,332 | €125,950 | -€17,382 | -12.1% |
| Financial income | 75/76B | €1,687 | €1,520 | -€166 | -9.9% |
| Recurring financial income | 75 | €1,687 | €1,520 | -€166 | -9.9% |
| Financial charges | 65/66B | €15,193 | €13,624 | -€1,569 | -10.3% |
| Recurring financial charges | 65 | €15,193 | €13,624 | -€1,569 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €129,826 | €113,846 | -€15,979 | -12.3% |
| Income taxes | 67/77 | €28,408 | €25,364 | -€3,044 | -10.7% |
| Profit (loss) for the period | 9904 | €101,418 | €88,482 | -€12,936 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,418 | €88,482 | -€12,936 | -12.8% |
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 17 October 2026 via checked.be.