LOVACAR: what changed
Two fiscal 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.
LOVACAR
Largest movements
- Cash -€168,838
down €168,838 (-49.9%), from €338,024 to €169,187
mainly Contributions, distributions and other (-€340,909) and Other debts (-€148,145)
- Receivables within one year -€110,509
down €110,509 (-79.5%), from €139,046 to €28,537
of which Trade receivables: -€107,182
- Stocks and contracts +€58,170
up €58,170 (+7.1%), from €821,035 to €879,205
- Tangible fixed assets -€28,467
down €28,467 (-5.1%), from €561,256 to €532,788
of which Land and buildings: -€28,510
- Reserves -€340,909
down €340,909 (-53.0%), from €643,678 to €302,769
of which Non-distributable reserves: -€340,909
- Profit (loss) carried forward +€233,474
up €233,474 (+293.0%), from €79,692 to €313,165
- Other debts -€148,145
down €148,145 (-38.0%), from €390,098 to €241,953
- Tax, wage and social debts +€84,721
up €84,721 (+47.8%), from €177,356 to €262,076
of which Taxes: +€88,503
- Trade debts -€42,125
down €42,125 (-81.3%), from €51,783 to €9,658
- Gross operating margin +€185,573
up €185,573 (+53.6%), from €346,056 to €531,630
- Other operating charges +€45,276
up €45,276 (+1077.1%), from €4,204 to €49,480
- Taxes +€29,712
up €29,712 (+56.0%), from €53,009 to €82,721
- Financial charges +€5,815
up €5,815 (+33.9%), from €17,133 to €22,949
- Staff costs +€5,711
up €5,711 (+6.9%), from €82,860 to €88,571
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 | €1,868,005 | €1,625,163 | -€242,843 | -13.0% |
| Fixed assets | 21/28 | €561,545 | €533,077 | -€28,467 | -5.1% |
| Tangible fixed assets | 22/27 | €561,256 | €532,788 | -€28,467 | -5.1% |
| Land and buildings | 22 | €508,077 | €479,567 | -€28,510 | -5.6% |
| Plant, machinery and equipment | 23 | €41,742 | €36,942 | -€4,800 | -11.5% |
| Furniture and vehicles | 24 | €9,234 | €9,187 | -€47 | -0.5% |
| Other tangible fixed assets | 26 | €2,202 | €7,092 | +€4,890 | +222.0% |
| Financial fixed assets | 28 | €289 | €289 | = | 0.0% |
| Current assets | 29/58 | €1,306,461 | €1,092,085 | -€214,375 | -16.4% |
| Stocks and contracts in progress | 3 | €821,035 | €879,205 | +€58,170 | +7.1% |
| Stocks | 30/36 | €821,035 | €879,205 | +€58,170 | +7.1% |
| Amounts receivable within one year | 40/41 | €139,046 | €28,537 | -€110,509 | -79.5% |
| Trade receivables | 40 | €125,182 | €18,000 | -€107,182 | -85.6% |
| Other amounts receivable | 41 | €13,864 | €10,537 | -€3,327 | -24.0% |
| Cash at bank and in hand | 54/58 | €338,024 | €169,187 | -€168,838 | -49.9% |
| Deferred charges and accrued income | 490/1 | €8,355 | €15,157 | +€6,801 | +81.4% |
| Total equity and liabilities | 10/49 | €1,868,005 | €1,625,163 | -€242,843 | -13.0% |
| Equity | 10/15 | €741,970 | €634,534 | -€107,436 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €643,678 | €302,769 | -€340,909 | -53.0% |
| Non-distributable reserves | 130/1 | €641,818 | €300,909 | -€340,909 | -53.1% |
| Other | 1319 | €641,818 | €300,909 | -€340,909 | -53.1% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,692 | €313,165 | +€233,474 | +293.0% |
| Amounts payable | 17/49 | €1,126,035 | €990,628 | -€135,407 | -12.0% |
| Amounts payable after more than one year | 17 | €473,822 | €439,859 | -€33,963 | -7.2% |
| Financial debts | 170/4 | €473,822 | €439,859 | -€33,963 | -7.2% |
| Amounts payable within one year | 42/48 | €652,214 | €547,650 | -€104,563 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €32,977 | €33,963 | +€986 | +3.0% |
| Trade debts | 44 | €51,783 | €9,658 | -€42,125 | -81.3% |
| Suppliers | 440/4 | €51,783 | €9,658 | -€42,125 | -81.3% |
| Taxes, remuneration and social security | 45 | €177,356 | €262,076 | +€84,721 | +47.8% |
| Taxes | 450/3 | €136,786 | €225,288 | +€88,503 | +64.7% |
| Remuneration and social security | 454/9 | €40,570 | €36,788 | -€3,782 | -9.3% |
| Other amounts payable | 47/48 | €390,098 | €241,953 | -€148,145 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €3,119 | +€3,119 | |
| Remuneration, social security and pensions | 62 | €82,860 | €88,571 | +€5,711 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,735 | €40,731 | -€2,004 | -4.7% |
| Other operating charges | 640/8 | €4,204 | €49,480 | +€45,276 | +1077.1% |
| Non-recurring operating charges | 66A | €407 | €13,725 | +€13,319 | +3275.6% |
| Gross operating margin | 9900 | €346,056 | €531,630 | +€185,573 | +53.6% |
| Operating profit (loss) | 9901 | €215,851 | €339,123 | +€123,272 | +57.1% |
| Financial income | 75/76B | €117 | €20 | -€97 | -82.7% |
| Recurring financial income | 75 | €117 | €20 | -€97 | -82.7% |
| Financial charges | 65/66B | €17,133 | €22,949 | +€5,815 | +33.9% |
| Recurring financial charges | 65 | €17,133 | €22,949 | +€5,815 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €198,835 | €316,194 | +€117,360 | +59.0% |
| Income taxes | 67/77 | €53,009 | €82,721 | +€29,712 | +56.0% |
| Profit (loss) for the period | 9904 | €145,825 | €233,474 | +€87,648 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €145,825 | €233,474 | +€87,648 | +60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.