LAVOORDELEEN: 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.
LAVOORDELEEN
Largest movements
- Current investments +€2.6m
up €2.6m (+97.9%), from €2.6m to €5.2m
- Receivables within one year +€111,918
up €111,918 (+4.9%), from €2.3m to €2.4m
of which Trade receivables: +€111,552
- Reserves +€6.5m
new in 2025: €6.5m
of which Distributable reserves: +€5.8m
- Profit (loss) carried forward -€3.7m
down €3.7m (-100%), from €3.7m to €0
- Other debts -€127,442
down €127,442 (-18.7%), from €683,184 to €555,743
- Tax, wage and social debts +€92,256
up €92,256 (+7.2%), from €1.3m to €1.4m
- Gross operating margin +€1.6m
up €1.6m (+77.8%), from €2.1m to €3.7m
- Taxes +€397,714
up €397,714 (+76.5%), from €520,193 to €917,908
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 | €5,712,623 | €8,485,887 | +€2.8m | +48.5% |
| Current assets | 29/58 | €5,712,623 | €8,485,887 | +€2.8m | +48.5% |
| Amounts receivable within one year | 40/41 | €2,284,924 | €2,396,843 | +€111,918 | +4.9% |
| Trade receivables | 40 | €2,284,714 | €2,396,266 | +€111,552 | +4.9% |
| Other amounts receivable | 41 | €210 | €577 | +€367 | +174% |
| Current investments | 50/53 | €2,634,090 | €5,213,415 | +€2.6m | +97.9% |
| Cash at bank and in hand | 54/58 | €793,609 | €875,630 | +€82,021 | +10.3% |
| Total equity and liabilities | 10/49 | €5,712,623 | €8,485,887 | +€2.8m | +48.5% |
| Equity | 10/15 | €3,744,685 | €6,552,741 | +€2.8m | +75.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | - | €6,545,241 | +€6.5m | |
| Tax-exempt reserves | 132 | - | €736,750 | +€736,750 | |
| Distributable reserves | 133 | - | €5,808,491 | +€5.8m | |
| Profit (loss) carried forward | 14 | €3,737,185 | €0 | -€3.7m | -100% |
| Amounts payable | 17/49 | €1,967,938 | €1,933,146 | -€34,791 | -1.8% |
| Amounts payable within one year | 42/48 | €1,967,938 | €1,933,146 | -€34,791 | -1.8% |
| Trade debts | 44 | - | €395 | +€395 | |
| Suppliers | 440/4 | - | €395 | +€395 | |
| Taxes, remuneration and social security | 45 | €1,284,753 | €1,377,009 | +€92,256 | +7.2% |
| Taxes | 450/3 | €1,284,753 | €1,377,009 | +€92,256 | +7.2% |
| Other amounts payable | 47/48 | €683,184 | €555,743 | -€127,442 | -18.7% |
| Other operating charges | 640/8 | €3,661 | €3,545 | -€116 | -3.2% |
| Gross operating margin | 9900 | €2,075,482 | €3,689,266 | +€1.6m | +77.8% |
| Operating profit (loss) | 9901 | €2,071,821 | €3,685,721 | +€1.6m | +77.9% |
| Financial income | 75/76B | €25,882 | €43,347 | +€17,465 | +67.5% |
| Recurring financial income | 75 | €25,882 | €43,347 | +€17,465 | +67.5% |
| Financial charges | 65/66B | €78 | €3,105 | +€3,027 | +3,883% |
| Recurring financial charges | 65 | €78 | €3,105 | +€3,027 | +3,883% |
| Profit (loss) for the period before taxes | 9903 | €2,097,625 | €3,725,963 | +€1.6m | +77.6% |
| Income taxes | 67/77 | €520,193 | €917,908 | +€397,714 | +76.5% |
| Profit (loss) for the period | 9904 | €1,577,432 | €2,808,056 | +€1.2m | +78.0% |
| Transfer to tax-exempt reserves | 689 | - | €736,750 | +€736,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,577,432 | €2,071,306 | +€493,873 | +31.3% |
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 22 October 2026 via checked.be.