Sarah Lavoine BE: 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.
Sarah Lavoine BE
Largest movements
- Stocks and contracts -€96,691
no longer reported in 2025 (was €96,691)
- Tangible fixed assets -€81,178
no longer reported in 2025 (was €81,178)
of which Other tangible fixed assets: -€77,758
- Intangible fixed assets -€63,661
no longer reported in 2025 (was €63,661)
- Receivables within one year +€44,587
new in 2025: €44,587
- Financial fixed assets -€16,500
no longer reported in 2025 (was €16,500)
- Profit (loss) carried forward -€254,930
down €254,930 (-188%), from -€135,911 to -€390,841
- Other debts +€217,364
up €217,364 (+119%), from €182,930 to €400,294
- Trade debts -€152,518
down €152,518 (-82.5%), from €184,923 to €32,405
- Tax, wage and social debts -€10,515
down €10,515 (-30.8%), from €34,101 to €23,586
of which Taxes: -€16,921
- Advances received -€6,062
down €6,062 (-76.4%), from €7,938 to €1,876
- Gross operating margin -€84,696
down €84,696, from €37,484 to -€47,212
- Financial charges +€81,692
up €81,692 (+6,583%), from €1,241 to €82,933
of which Non-recurring financial charges: +€81,178
- Depreciation -€20,194
no longer reported in 2025 (was €20,194)
- Staff costs -€15,698
down €15,698 (-20.7%), from €75,883 to €60,185
- Write-downs -€8,750
down €8,750, from €4,375 to -€4,375
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 | €283,981 | €77,320 | -€206,661 | -72.8% |
| Fixed assets | 21/28 | €161,339 | - | -€161,339 | |
| Intangible fixed assets | 21 | €63,661 | - | -€63,661 | |
| Tangible fixed assets | 22/27 | €81,178 | - | -€81,178 | |
| Furniture and vehicles | 24 | €3,420 | - | -€3,420 | |
| Other tangible fixed assets | 26 | €77,758 | - | -€77,758 | |
| Financial fixed assets | 28 | €16,500 | - | -€16,500 | |
| Current assets | 29/58 | €122,642 | €77,320 | -€45,322 | -37.0% |
| Stocks and contracts in progress | 3 | €96,691 | - | -€96,691 | |
| Stocks | 30/36 | €96,691 | - | -€96,691 | |
| Amounts receivable within one year | 40/41 | - | €44,587 | +€44,587 | |
| Trade receivables | 40 | - | €44,587 | +€44,587 | |
| Cash at bank and in hand | 54/58 | €24,261 | €32,367 | +€8,106 | +33.4% |
| Deferred charges and accrued income | 490/1 | €1,690 | €366 | -€1,324 | -78.3% |
| Total equity and liabilities | 10/49 | €283,981 | €77,320 | -€206,661 | -72.8% |
| Equity | 10/15 | -€125,911 | -€380,841 | -€254,930 | -202% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,911 | -€390,841 | -€254,930 | -188% |
| Amounts payable | 17/49 | €409,892 | €458,161 | +€48,269 | +11.8% |
| Amounts payable within one year | 42/48 | €409,892 | €458,161 | +€48,269 | +11.8% |
| Trade debts | 44 | €184,923 | €32,405 | -€152,518 | -82.5% |
| Suppliers | 440/4 | €184,923 | €32,405 | -€152,518 | -82.5% |
| Advances received on contracts in progress | 46 | €7,938 | €1,876 | -€6,062 | -76.4% |
| Taxes, remuneration and social security | 45 | €34,101 | €23,586 | -€10,515 | -30.8% |
| Taxes | 450/3 | €25,842 | €8,921 | -€16,921 | -65.5% |
| Remuneration and social security | 454/9 | €8,259 | €14,665 | +€6,406 | +77.6% |
| Other amounts payable | 47/48 | €182,930 | €400,294 | +€217,364 | +119% |
| Remuneration, social security and pensions | 62 | €75,883 | €60,185 | -€15,698 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,194 | - | -€20,194 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,375 | -€4,375 | -€8,750 | |
| Other operating charges | 640/8 | €2,472 | €5,613 | +€3,141 | +127% |
| Non-recurring operating charges | 66A | - | €63,661 | +€63,661 | |
| Gross operating margin | 9900 | €37,484 | -€47,212 | -€84,696 | |
| Operating profit (loss) | 9901 | -€65,440 | -€172,296 | -€106,856 | -163% |
| Financial income | 75/76B | - | €299 | +€299 | |
| Recurring financial income | 75 | - | €299 | +€299 | |
| Financial charges | 65/66B | €1,241 | €82,933 | +€81,692 | +6,583% |
| Recurring financial charges | 65 | €1,241 | €1,755 | +€514 | +41.4% |
| Non-recurring financial charges | 66B | - | €81,178 | +€81,178 | |
| Profit (loss) for the period before taxes | 9903 | -€66,681 | -€254,930 | -€188,249 | -282% |
| Profit (loss) for the period | 9904 | -€66,681 | -€254,930 | -€188,249 | -282% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,681 | -€254,930 | -€188,249 | -282% |
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 29 October 2026 via checked.be.