LAVK: 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.
LAVK
Largest movements
- Cash +€57,791
up €57,791 (+328.6%), from €17,588 to €75,378
mainly Net result for the year (+€56,289) and Tax, wage and social debts (+€2,397)
- Receivables within one year +€2,191
up €2,191 (+4.6%), from €47,312 to €49,503
- Reserves +€56,289
up €56,289 (+141.5%), from €39,777 to €96,066
- Tax, wage and social debts +€2,397
up €2,397 (+13.8%), from €17,392 to €19,789
- Gross operating margin +€21,154
up €21,154 (+42.0%), from €50,415 to €71,569
- Taxes +€4,250
up €4,250 (+40.4%), from €10,510 to €14,760
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 | €65,931 | €126,698 | +€60,767 | +92.2% |
| Fixed assets | 21/28 | €1,031 | €1,802 | +€771 | +74.8% |
| Tangible fixed assets | 22/27 | €1,031 | €1,802 | +€771 | +74.8% |
| Plant, machinery and equipment | 23 | €1,031 | €669 | -€362 | -35.1% |
| Other tangible fixed assets | 26 | - | €1,134 | +€1,134 | |
| Current assets | 29/58 | €64,900 | €124,896 | +€59,996 | +92.4% |
| Amounts receivable within one year | 40/41 | €47,312 | €49,503 | +€2,191 | +4.6% |
| Trade receivables | 40 | €47,312 | €49,503 | +€2,191 | +4.6% |
| Cash at bank and in hand | 54/58 | €17,588 | €75,378 | +€57,791 | +328.6% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €65,931 | €126,698 | +€60,767 | +92.2% |
| Equity | 10/15 | €44,777 | €101,066 | +€56,289 | +125.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,777 | €96,066 | +€56,289 | +141.5% |
| Distributable reserves | 133 | €39,777 | €96,066 | +€56,289 | +141.5% |
| Amounts payable | 17/49 | €21,154 | €25,633 | +€4,479 | +21.2% |
| Amounts payable within one year | 42/48 | €21,154 | €25,633 | +€4,479 | +21.2% |
| Trade debts | 44 | €813 | €1,843 | +€1,030 | +126.7% |
| Suppliers | 440/4 | €813 | €1,843 | +€1,030 | +126.7% |
| Taxes, remuneration and social security | 45 | €17,392 | €19,789 | +€2,397 | +13.8% |
| Taxes | 450/3 | €17,392 | €19,789 | +€2,397 | +13.8% |
| Other amounts payable | 47/48 | €2,949 | €4,001 | +€1,051 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €364 | +€308 | +556.4% |
| Other operating charges | 640/8 | €63 | €69 | +€6 | +10.0% |
| Gross operating margin | 9900 | €50,415 | €71,569 | +€21,154 | +42.0% |
| Operating profit (loss) | 9901 | €50,296 | €71,136 | +€20,839 | +41.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €10 | €87 | +€77 | +798.9% |
| Recurring financial charges | 65 | €10 | €87 | +€77 | +798.9% |
| Profit (loss) for the period before taxes | 9903 | €50,287 | €71,048 | +€20,762 | +41.3% |
| Income taxes | 67/77 | €10,510 | €14,760 | +€4,250 | +40.4% |
| Profit (loss) for the period | 9904 | €39,777 | €56,289 | +€16,512 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,777 | €56,289 | +€16,512 | +41.5% |
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 10 October 2026 via checked.be.