Lavos: 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.
Lavos
Largest movements
- Cash +€17,536
up €17,536 (+39.7%), from €44,134 to €61,670
mainly Net result for the year (+€36,578) and Receivables within one year (+€985)
- Reserves +€36,578
up €36,578 (+95.0%), from €38,498 to €75,076
- Debts after one year -€20,512
down €20,512 (-40.0%), from €51,258 to €30,746
- Gross operating margin +€10,736
up €10,736 (+23.4%), from €45,878 to €56,615
- Taxes +€5,275
up €5,275 (+56.2%), from €9,380 to €14,655
- Financial charges -€801
down €801 (-19.5%), from €4,111 to €3,310
- Other operating charges +€706
up €706 (+115.5%), from €612 to €1,318
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 | €145,979 | €164,049 | +€18,070 | +12.4% |
| Fixed assets | 21/28 | €100,751 | €100,834 | +€84 | +0.1% |
| Tangible fixed assets | 22/27 | €751 | €834 | +€84 | +11.1% |
| Plant, machinery and equipment | 23 | €751 | €834 | +€84 | +11.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €45,228 | €63,214 | +€17,986 | +39.8% |
| Amounts receivable within one year | 40/41 | €985 | - | -€985 | |
| Trade receivables | 40 | €365 | - | -€365 | |
| Other amounts receivable | 41 | €620 | - | -€620 | |
| Cash at bank and in hand | 54/58 | €44,134 | €61,670 | +€17,536 | +39.7% |
| Deferred charges and accrued income | 490/1 | €108 | €1,544 | +€1,436 | +1323.4% |
| Total equity and liabilities | 10/49 | €145,979 | €164,049 | +€18,070 | +12.4% |
| Equity | 10/15 | €39,498 | €76,076 | +€36,578 | +92.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,498 | €75,076 | +€36,578 | +95.0% |
| Distributable reserves | 133 | €38,498 | €75,076 | +€36,578 | +95.0% |
| Amounts payable | 17/49 | €106,480 | €87,972 | -€18,508 | -17.4% |
| Amounts payable after more than one year | 17 | €51,258 | €30,746 | -€20,512 | -40.0% |
| Financial debts | 170/4 | €51,258 | €30,746 | -€20,512 | -40.0% |
| Amounts payable within one year | 42/48 | €55,222 | €57,226 | +€2,004 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €19,577 | €20,512 | +€935 | +4.8% |
| Trade debts | 44 | €705 | €1,434 | +€729 | +103.3% |
| Suppliers | 440/4 | €705 | €1,434 | +€729 | +103.3% |
| Taxes, remuneration and social security | 45 | €10,315 | €11,163 | +€848 | +8.2% |
| Taxes | 450/3 | €10,315 | €11,163 | +€848 | +8.2% |
| Other amounts payable | 47/48 | €24,624 | €24,117 | -€507 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €759 | +€160 | +26.6% |
| Other operating charges | 640/8 | €612 | €1,318 | +€706 | +115.5% |
| Gross operating margin | 9900 | €45,878 | €56,615 | +€10,736 | +23.4% |
| Operating profit (loss) | 9901 | €44,667 | €54,537 | +€9,870 | +22.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €4,111 | €3,310 | -€801 | -19.5% |
| Recurring financial charges | 65 | €4,111 | €3,310 | -€801 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €40,556 | €51,233 | +€10,677 | +26.3% |
| Income taxes | 67/77 | €9,380 | €14,655 | +€5,275 | +56.2% |
| Profit (loss) for the period | 9904 | €31,176 | €36,578 | +€5,402 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,176 | €36,578 | +€5,402 | +17.3% |
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 10 October 2026 via checked.be.