LUC LAVEYNE ADVIES: what changed
LUC LAVEYNE ADVIES
Largest movements
- Current investments +€53,414
up €53,414 (+7.3%), from €733,671 to €787,085
- Tangible fixed assets -€38,817
down €38,817 (-52.6%), from €73,742 to €34,925
of which Land and buildings: -€41,076
- Receivables within one year -€32,147
down €32,147 (-75.0%), from €42,856 to €10,709
of which Trade receivables: -€20,590
- Cash +€23,774
up €23,774 (+34.4%), from €69,059 to €92,833
mainly Net result for the year (+€78,528) and Depreciation (+€43,433)
- Other debts -€80,209
down €80,209 (-32.1%), from €250,131 to €169,922
- Reserves +€78,528
up €78,528 (+13.0%), from €605,842 to €684,370
- Gross operating margin +€26,507
up €26,507 (+21.6%), from €122,634 to €149,140
- Taxes +€11,685
up €11,685 (+58.1%), from €20,096 to €31,781
- Financial income +€7,715
up €7,715 (+2,426%), from €318 to €8,032
- Depreciation -€2,235
down €2,235 (-4.9%), from €45,668 to €43,433
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €919,328 | €926,328 | +€7,001 | +0.8% |
| Fixed assets | 21/28 | €73,742 | €34,925 | -€38,817 | -52.6% |
| Tangible fixed assets | 22/27 | €73,742 | €34,925 | -€38,817 | -52.6% |
| Land and buildings | 22 | €64,193 | €23,117 | -€41,076 | -64.0% |
| Furniture and vehicles | 24 | €9,549 | €11,808 | +€2,259 | +23.7% |
| Current assets | 29/58 | €845,585 | €891,404 | +€45,818 | +5.4% |
| Amounts receivable within one year | 40/41 | €42,856 | €10,709 | -€32,147 | -75.0% |
| Trade receivables | 40 | €31,300 | €10,709 | -€20,590 | -65.8% |
| Other amounts receivable | 41 | €11,557 | €0 | -€11,557 | -100% |
| Current investments | 50/53 | €733,671 | €787,085 | +€53,414 | +7.3% |
| Cash at bank and in hand | 54/58 | €69,059 | €92,833 | +€23,774 | +34.4% |
| Deferred charges and accrued income | 490/1 | €0 | €777 | +€777 | |
| Total equity and liabilities | 10/49 | €919,328 | €926,328 | +€7,001 | +0.8% |
| Equity | 10/15 | €644,349 | €722,877 | +€78,528 | +12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €605,842 | €684,370 | +€78,528 | +13.0% |
| Distributable reserves | 133 | €605,842 | €684,370 | +€78,528 | +13.0% |
| Profit (loss) carried forward | 14 | €26,107 | €26,107 | = | 0.0% |
| Amounts payable | 17/49 | €274,978 | €203,451 | -€71,527 | -26.0% |
| Amounts payable within one year | 42/48 | €274,978 | €203,451 | -€71,527 | -26.0% |
| Trade debts | 44 | €4,649 | €5,667 | +€1,018 | +21.9% |
| Suppliers | 440/4 | €4,649 | €5,667 | +€1,018 | +21.9% |
| Taxes, remuneration and social security | 45 | €20,198 | €27,862 | +€7,664 | +37.9% |
| Taxes | 450/3 | €18,698 | €26,362 | +€7,664 | +41.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €250,131 | €169,922 | -€80,209 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,668 | €43,433 | -€2,235 | -4.9% |
| Other operating charges | 640/8 | €2,669 | €3,415 | +€747 | +28.0% |
| Non-recurring operating charges | 66A | €5,407 | €0 | -€5,407 | -100% |
| Gross operating margin | 9900 | €122,634 | €149,140 | +€26,507 | +21.6% |
| Operating profit (loss) | 9901 | €68,890 | €102,292 | +€33,402 | +48.5% |
| Financial income | 75/76B | €318 | €8,032 | +€7,715 | +2,426% |
| Recurring financial income | 75 | €318 | €8,032 | +€7,715 | +2,426% |
| Financial charges | 65/66B | €26 | €16 | -€10 | -38.7% |
| Recurring financial charges | 65 | €26 | €16 | -€10 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €69,182 | €110,309 | +€41,127 | +59.4% |
| Income taxes | 67/77 | €20,096 | €31,781 | +€11,685 | +58.1% |
| Profit (loss) for the period | 9904 | €49,086 | €78,528 | +€29,442 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,086 | €78,528 | +€29,442 | +60.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.