Lo.Ve.Mat: 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.
What changed
Lo.Ve.Mat
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.8m-€341,240
Equity
€19.0m
2024 · €18.1m+€944,916
Cash
€3.4m
2024 · €3.2m+€195,582
Balance sheet total
€30.5m
2024 · €27.0m+€3.5m
Largest movements
Assets
- Stocks and contracts +€2.7m
up €2.7m (+40.9%), from €6.6m to €9.3m
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Receivables within one year +€1.5m
up €1.5m (+15.5%), from €9.5m to €11.0m
- Tangible fixed assets +€1.1m
up €1.1m (+19.4%), from €5.7m to €6.8m
of which Leasing and similar rights: +€860,067
Equity and liabilities
- Trade debts +€2.1m
up €2.1m (+40.4%), from €5.2m to €7.3m
of which Suppliers: +€2.1m
- Reserves +€1.1m
up €1.1m (+7.4%), from €14.9m to €16.0m
of which Distributable reserves: +€1.1m
- Debts after one year +€514,665
up €514,665 (+22.1%), from €2.3m to €2.8m
Income statement
- Turnover +€6.4m
up €6.4m (+12.0%), from €53.6m to €60.1m
- Goods and materials +€4.9m
up €4.9m (+12.3%), from €40.1m to €45.0m
of which Purchases: +€7.1m
- Services and other goods +€1.7m
up €1.7m (+21.9%), from €7.9m to €9.6m
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.
Result 2024
€1.8m
Turnover
+€6.4m
Other operating income
+€44,095
Goods and materials
-€4.9m
Services and other goods
-€1.7m
Staff costs
-€318,151
Depreciation
+€13,511
Other operating charges
+€11,573
Financial income
+€29,862
Financial charges
-€21,037
Taxes
+€152,247
Result 2025
€1.5m
raises the resultlowers the result
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.
From operations
-€114,100
Investment
+€305,892
Financing
+€3,790
Cash 2024
€3.2m
From operations (derived)
-€114,100
Net result for the year
+€1.5m
Depreciation
+€590,584
Stocks and contracts
-€2.7m
Receivables within one year
-€1.5m
Provisions
-€3,421
Trade debts
+€2.1m
Tax, wage and social debts
-€70,921
Investment (derived)
+€305,892
Investment in fixed assets (net)
-€1.7m
Current investments
+€2.0m
Financing
+€3,790
Debts after one year
+€514,665
Current portion of long-term debt
-€4,042
Contributions, distributions and other
-€506,833
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,012,334 | €30,489,343 | +€3.5m | +12.9% |
| Fixed assets | 21/28 | €5,678,035 | €6,781,559 | +€1.1m | +19.4% |
| Tangible fixed assets | 22/27 | €5,678,035 | €6,778,069 | +€1.1m | +19.4% |
| Land and buildings | 22 | €4,825,622 | €4,588,864 | -€236,758 | -4.9% |
| Plant, machinery and equipment | 23 | €290,112 | €744,188 | +€454,076 | +157% |
| Furniture and vehicles | 24 | €462,867 | €485,516 | +€22,650 | +4.9% |
| Leasing and similar rights | 25 | €99,434 | €959,500 | +€860,067 | +865% |
| Financial fixed assets | 28 | €0 | €3,490 | +€3,490 | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | €3,490 | +€3,490 | |
| Amounts receivable and cash guarantees | 285/8 | €0 | €3,490 | +€3,490 | |
| Current assets | 29/58 | €21,334,299 | €23,707,783 | +€2.4m | +11.1% |
| Stocks and contracts in progress | 3 | €6,604,829 | €9,305,323 | +€2.7m | +40.9% |
| Stocks | 30/36 | €6,604,829 | €9,305,323 | +€2.7m | +40.9% |
| Goods purchased for resale | 34 | €6,604,829 | €9,305,323 | +€2.7m | +40.9% |
| Amounts receivable within one year | 40/41 | €9,536,744 | €11,014,153 | +€1.5m | +15.5% |
| Trade receivables | 40 | €9,536,744 | €11,014,153 | +€1.5m | +15.5% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Other investments | 51/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €3,192,726 | €3,388,308 | +€195,582 | +6.1% |
| Total equity and liabilities | 10/49 | €27,012,334 | €30,489,343 | +€3.5m | +12.9% |
| Equity | 10/15 | €18,056,029 | €19,000,945 | +€944,916 | +5.2% |
| Contributions | 10/11 | €309,600 | €309,600 | = | 0.0% |
| Capital | 10 | €309,600 | €309,600 | = | 0.0% |
| Issued capital | 100 | €309,600 | €309,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,456,794 | €2,312,906 | -€143,888 | -5.9% |
| Reserves | 13 | €14,864,397 | €15,960,033 | +€1.1m | +7.4% |
| Non-distributable reserves | 130/1 | €30,960 | €30,960 | = | 0.0% |
| Legal reserve | 130 | €30,960 | €30,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €472,608 | €462,344 | -€10,264 | -2.2% |
| Distributable reserves | 133 | €14,360,829 | €15,466,729 | +€1.1m | +7.7% |
| Profit (loss) carried forward | 14 | €401,876 | €401,876 | = | 0.0% |
| Investment grants | 15 | €23,363 | €16,530 | -€6,833 | -29.2% |
| Provisions and deferred taxes | 16 | €21,463 | €18,041 | -€3,421 | -15.9% |
| Deferred taxes | 168 | €21,463 | €18,041 | -€3,421 | -15.9% |
| Amounts payable | 17/49 | €8,934,842 | €11,470,356 | +€2.5m | +28.4% |
| Amounts payable after more than one year | 17 | €2,332,071 | €2,846,737 | +€514,665 | +22.1% |
| Financial debts | 170/4 | €2,332,071 | €2,846,737 | +€514,665 | +22.1% |
| Leasing and similar obligations | 172 | €469,743 | €1,198,943 | +€729,199 | +155% |
| Credit institutions | 173 | €1,862,328 | €1,647,794 | -€214,534 | -11.5% |
| Amounts payable within one year | 42/48 | €6,602,771 | €8,623,620 | +€2.0m | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €438,582 | €434,540 | -€4,042 | -0.9% |
| Trade debts | 44 | €5,184,482 | €7,280,294 | +€2.1m | +40.4% |
| Suppliers | 440/4 | €5,180,350 | €7,280,294 | +€2.1m | +40.5% |
| Bills of exchange payable | 441 | €4,132 | €0 | -€4,132 | -100% |
| Taxes, remuneration and social security | 45 | €479,707 | €408,786 | -€70,921 | -14.8% |
| Taxes | 450/3 | €264,953 | €152,537 | -€112,416 | -42.4% |
| Remuneration and social security | 454/9 | €214,754 | €256,249 | +€41,495 | +19.3% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Operating income | 70/76A | €53,801,074 | €60,271,847 | +€6.5m | +12.0% |
| Turnover | 70 | €53,638,162 | €60,064,839 | +€6.4m | +12.0% |
| Other operating income | 74 | €162,913 | €207,008 | +€44,095 | +27.1% |
| Operating charges | 60/66A | €51,863,811 | €58,836,894 | +€7.0m | +13.4% |
| Goods for resale, raw materials and consumables | 60 | €40,102,100 | €45,045,924 | +€4.9m | +12.3% |
| Purchases | 600/8 | €40,635,286 | €47,746,418 | +€7.1m | +17.5% |
| Change in stocks: decrease (increase) | 609 | -€533,186 | -€2,700,494 | -€2.2m | -406% |
| Services and other goods | 61 | €7,911,811 | €9,648,004 | +€1.7m | +21.9% |
| Remuneration, social security and pensions | 62 | €3,130,382 | €3,448,533 | +€318,151 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604,094 | €590,584 | -€13,511 | -2.2% |
| Other operating charges | 640/8 | €115,422 | €103,850 | -€11,573 | -10.0% |
| Operating profit (loss) | 9901 | €1,937,264 | €1,434,952 | -€502,312 | -25.9% |
| Financial income | 75/76B | €682,319 | €712,182 | +€29,862 | +4.4% |
| Recurring financial income | 75 | €682,319 | €712,182 | +€29,862 | +4.4% |
| Income from financial fixed assets | 750 | €88 | €6,361 | +€6,273 | +7,115% |
| Income from current assets | 751 | €129,236 | €73,372 | -€55,864 | -43.2% |
| Other financial income | 752/9 | €552,995 | €632,448 | +€79,454 | +14.4% |
| Financial charges | 65/66B | €292,848 | €313,885 | +€21,037 | +7.2% |
| Recurring financial charges | 65 | €292,848 | €313,885 | +€21,037 | +7.2% |
| Debt charges | 650 | €61,122 | €66,931 | +€5,809 | +9.5% |
| Other financial charges | 652/9 | €231,726 | €246,954 | +€15,228 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €2,326,735 | €1,833,249 | -€493,487 | -21.2% |
| Transfer from deferred taxes | 780 | €3,421 | €3,421 | = | 0.0% |
| Income taxes | 67/77 | €537,168 | €384,921 | -€152,247 | -28.3% |
| Taxes | 670/3 | €537,263 | €394,449 | -€142,814 | -26.6% |
| Tax adjustments and reversals of tax provisions | 77 | €95 | €9,528 | +€9,432 | +9,879% |
| Profit (loss) for the period | 9904 | €1,792,989 | €1,451,749 | -€341,240 | -19.0% |
| Transfer from tax-exempt reserves | 789 | €188,264 | €10,264 | -€178,000 | -94.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,981,253 | €1,462,013 | -€519,240 | -26.2% |
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.