Lavori: 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.
Lavori
Largest movements
- Tangible fixed assets -€171,839
down €171,839 (-15.5%), from €1.1m to €938,986
of which Other tangible fixed assets: -€122,858
- Receivables within one year -€17,515
down €17,515 (-12.5%), from €139,989 to €122,474
of which Trade receivables: -€17,753
- Other debts -€139,738
down €139,738 (-9.2%), from €1.5m to €1.4m
- Trade debts -€55,753
down €55,753 (-67.3%), from €82,796 to €27,043
- Tax, wage and social debts +€47,359
up €47,359 (+72.7%), from €65,162 to €112,521
of which Remuneration and social security: +€36,395
- Profit (loss) carried forward -€27,281
down €27,281 (-6.3%), from -€434,685 to -€461,965
- Gross operating margin +€144,707
up €144,707 (+27.9%), from €519,094 to €663,800
- Staff costs +€100,383
up €100,383 (+34.1%), from €294,359 to €394,741
- Financial charges -€24,585
down €24,585 (-34.2%), from €71,915 to €47,329
of which Financial charges: -€24,605
- Depreciation +€9,734
up €9,734 (+4.1%), from €238,093 to €247,827
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 | €1,299,661 | €1,124,248 | -€175,412 | -13.5% |
| Fixed assets | 21/28 | €1,110,825 | €938,986 | -€171,839 | -15.5% |
| Tangible fixed assets | 22/27 | €1,110,825 | €938,986 | -€171,839 | -15.5% |
| Plant, machinery and equipment | 23 | €334,514 | €286,398 | -€48,116 | -14.4% |
| Furniture and vehicles | 24 | €5,558 | €4,693 | -€865 | -15.6% |
| Other tangible fixed assets | 26 | €770,753 | €647,895 | -€122,858 | -15.9% |
| Current assets | 29/58 | €188,836 | €185,262 | -€3,573 | -1.9% |
| Stocks and contracts in progress | 3 | €37,130 | €48,008 | +€10,878 | +29.3% |
| Stocks | 30/36 | €37,130 | €48,008 | +€10,878 | +29.3% |
| Amounts receivable within one year | 40/41 | €139,989 | €122,474 | -€17,515 | -12.5% |
| Trade receivables | 40 | €139,788 | €122,036 | -€17,753 | -12.7% |
| Other amounts receivable | 41 | €201 | €439 | +€238 | +119% |
| Cash at bank and in hand | 54/58 | €11,717 | €14,780 | +€3,064 | +26.1% |
| Total equity and liabilities | 10/49 | €1,299,661 | €1,124,248 | -€175,412 | -13.5% |
| Equity | 10/15 | -€366,485 | -€393,765 | -€27,281 | -7.4% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€434,685 | -€461,965 | -€27,281 | -6.3% |
| Amounts payable | 17/49 | €1,666,145 | €1,518,014 | -€148,132 | -8.9% |
| Amounts payable within one year | 42/48 | €1,666,145 | €1,518,014 | -€148,132 | -8.9% |
| Trade debts | 44 | €82,796 | €27,043 | -€55,753 | -67.3% |
| Suppliers | 440/4 | €82,796 | €27,043 | -€55,753 | -67.3% |
| Taxes, remuneration and social security | 45 | €65,162 | €112,521 | +€47,359 | +72.7% |
| Taxes | 450/3 | €22,748 | €33,713 | +€10,964 | +48.2% |
| Remuneration and social security | 454/9 | €42,413 | €78,808 | +€36,395 | +85.8% |
| Other amounts payable | 47/48 | €1,518,188 | €1,378,450 | -€139,738 | -9.2% |
| Non-recurring operating income | 76A | €23,750 | €29,995 | +€6,245 | +26.3% |
| Remuneration, social security and pensions | 62 | €294,359 | €394,741 | +€100,383 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,093 | €247,827 | +€9,734 | +4.1% |
| Other operating charges | 640/8 | €1,367 | €971 | -€396 | -29.0% |
| Gross operating margin | 9900 | €519,094 | €663,800 | +€144,707 | +27.9% |
| Operating profit (loss) | 9901 | -€14,725 | €20,262 | +€34,987 | |
| Financial charges | 65/66B | €71,915 | €47,329 | -€24,585 | -34.2% |
| Recurring financial charges | 65 | €71,875 | €47,269 | -€24,605 | -34.2% |
| Non-recurring financial charges | 66B | €40 | €60 | +€20 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,640 | -€27,068 | +€59,572 | +68.8% |
| Income taxes | 67/77 | €199 | €213 | +€13 | +6.7% |
| Profit (loss) for the period | 9904 | -€86,839 | -€27,281 | +€59,559 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,839 | -€27,281 | +€59,559 | +68.6% |
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 28 October 2026 via checked.be.