Dr LOVAT Robin: 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.
Dr LOVAT Robin
Largest movements
- Cash +€236,947
up €236,947 (+100.6%), from €235,478 to €472,425
mainly Other debts (+€176,794) and Current investments (+€144,932)
- Current investments -€144,932
down €144,932 (-100.0%), from €144,932 to €0
- Deferred charges and accrued income -€45,200
down €45,200 (-60.9%), from €74,274 to €29,074
- Receivables within one year +€13,617
up €13,617 (+1045.9%), from €1,302 to €14,919
of which Other amounts receivable: +€14,919
- Other debts +€176,794
up €176,794 (+1527.2%), from €11,576 to €188,371
- Reserves -€107,624
down €107,624 (-26.0%), from €414,027 to €306,402
of which Distributable reserves: -€107,624
- Tax, wage and social debts -€11,047
down €11,047 (-86.0%), from €12,849 to €1,803
of which Taxes: -€11,812
- Gross operating margin -€78,535
down €78,535 (-35.7%), from €219,850 to €141,315
- Taxes -€23,805
down €23,805 (-45.0%), from €52,844 to €29,039
- Financial income +€3,991
up €3,991 (+99.7%), from €4,004 to €7,996
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 | €455,986 | €516,418 | +€60,432 | +13.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €455,986 | €516,418 | +€60,432 | +13.3% |
| Amounts receivable within one year | 40/41 | €1,302 | €14,919 | +€13,617 | +1045.9% |
| Trade receivables | 40 | €1,302 | €0 | -€1,302 | -100.0% |
| Other amounts receivable | 41 | €0 | €14,919 | +€14,919 | |
| Current investments | 50/53 | €144,932 | €0 | -€144,932 | -100.0% |
| Cash at bank and in hand | 54/58 | €235,478 | €472,425 | +€236,947 | +100.6% |
| Deferred charges and accrued income | 490/1 | €74,274 | €29,074 | -€45,200 | -60.9% |
| Total equity and liabilities | 10/49 | €455,986 | €516,418 | +€60,432 | +13.3% |
| Equity | 10/15 | €426,427 | €318,802 | -€107,624 | -25.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €414,027 | €306,402 | -€107,624 | -26.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €414,027 | €306,402 | -€107,624 | -26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,559 | €197,616 | +€168,057 | +568.5% |
| Amounts payable within one year | 42/48 | €28,712 | €197,013 | +€168,301 | +586.2% |
| Financial debts | 43 | €378 | €347 | -€31 | -8.2% |
| Other loans | 439 | €378 | €347 | -€31 | -8.2% |
| Trade debts | 44 | €3,908 | €6,492 | +€2,585 | +66.1% |
| Suppliers | 440/4 | €3,908 | €6,492 | +€2,585 | +66.1% |
| Taxes, remuneration and social security | 45 | €12,849 | €1,803 | -€11,047 | -86.0% |
| Taxes | 450/3 | €12,849 | €1,038 | -€11,812 | -91.9% |
| Remuneration and social security | 454/9 | €0 | €765 | +€765 | |
| Other amounts payable | 47/48 | €11,576 | €188,371 | +€176,794 | +1527.2% |
| Accrued charges and deferred income | 492/3 | €847 | €603 | -€244 | -28.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €0 | -€282 | -100.0% |
| Other operating charges | 640/8 | €2,185 | €3,058 | +€873 | +39.9% |
| Non-recurring operating charges | 66A | - | €9,060 | +€9,060 | |
| Gross operating margin | 9900 | €219,850 | €141,315 | -€78,535 | -35.7% |
| Operating profit (loss) | 9901 | €217,384 | €129,197 | -€88,186 | -40.6% |
| Financial income | 75/76B | €4,004 | €7,996 | +€3,991 | +99.7% |
| Recurring financial income | 75 | €4,004 | €7,996 | +€3,991 | +99.7% |
| Financial charges | 65/66B | €42,499 | €41,863 | -€637 | -1.5% |
| Recurring financial charges | 65 | €3,791 | €3,470 | -€320 | -8.4% |
| Non-recurring financial charges | 66B | €38,708 | €38,392 | -€316 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €178,889 | €95,331 | -€83,558 | -46.7% |
| Income taxes | 67/77 | €52,844 | €29,039 | -€23,805 | -45.0% |
| Profit (loss) for the period | 9904 | €126,045 | €66,292 | -€59,753 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,045 | €66,292 | -€59,753 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.