LOVACOM: 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.
LOVACOM
Largest movements
- Receivables within one year +€19,405
up €19,405 (+228%), from €8,517 to €27,922
- Cash -€8,191
down €8,191 (-29.8%), from €27,467 to €19,276
mainly Receivables within one year (-€19,405) and Other debts (-€12,072)
- Tangible fixed assets -€3,337
down €3,337 (-38.4%), from €8,688 to €5,352
of which Plant, machinery and equipment: -€1,862
- Reserves +€19,626
up €19,626 (+145%), from €13,491 to €33,117
- Other debts -€12,072
down €12,072 (-92.4%), from €13,069 to €997
- Tax, wage and social debts +€4,479
up €4,479 (+53.8%), from €8,329 to €12,808
- Trade debts -€3,469
down €3,469 (-61.6%), from €5,634 to €2,165
- Accrued charges and deferred income -€599
down €599 (-26.1%), from €2,299 to €1,700
- Gross operating margin +€10,812
up €10,812 (+50.9%), from €21,254 to €32,066
- Taxes +€3,308
up €3,308 (+78.3%), from €4,224 to €7,531
- Depreciation +€1,419
up €1,419 (+74.0%), from €1,918 to €3,337
- Financial charges -€469
down €469 (-49.5%), from €947 to €478
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 | €45,822 | €53,786 | +€7,964 | +17.4% |
| Fixed assets | 21/28 | €8,688 | €5,352 | -€3,337 | -38.4% |
| Tangible fixed assets | 22/27 | €8,688 | €5,352 | -€3,337 | -38.4% |
| Plant, machinery and equipment | 23 | €5,003 | €3,142 | -€1,862 | -37.2% |
| Furniture and vehicles | 24 | €3,685 | €2,210 | -€1,475 | -40.0% |
| Current assets | 29/58 | €37,134 | €48,435 | +€11,301 | +30.4% |
| Amounts receivable within one year | 40/41 | €8,517 | €27,922 | +€19,405 | +228% |
| Trade receivables | 40 | €8,517 | €27,922 | +€19,405 | +228% |
| Cash at bank and in hand | 54/58 | €27,467 | €19,276 | -€8,191 | -29.8% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,237 | +€87 | +7.6% |
| Total equity and liabilities | 10/49 | €45,822 | €53,786 | +€7,964 | +17.4% |
| Equity | 10/15 | €16,491 | €36,117 | +€19,626 | +119% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,491 | €33,117 | +€19,626 | +145% |
| Distributable reserves | 133 | €13,491 | €33,117 | +€19,626 | +145% |
| Amounts payable | 17/49 | €29,331 | €17,670 | -€11,661 | -39.8% |
| Amounts payable within one year | 42/48 | €27,032 | €15,970 | -€11,062 | -40.9% |
| Trade debts | 44 | €5,634 | €2,165 | -€3,469 | -61.6% |
| Suppliers | 440/4 | €5,634 | €2,165 | -€3,469 | -61.6% |
| Taxes, remuneration and social security | 45 | €8,329 | €12,808 | +€4,479 | +53.8% |
| Taxes | 450/3 | €8,329 | €12,808 | +€4,479 | +53.8% |
| Other amounts payable | 47/48 | €13,069 | €997 | -€12,072 | -92.4% |
| Accrued charges and deferred income | 492/3 | €2,299 | €1,700 | -€599 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €3,337 | +€1,419 | +74.0% |
| Other operating charges | 640/8 | €815 | €1,094 | +€279 | +34.3% |
| Gross operating margin | 9900 | €21,254 | €32,066 | +€10,812 | +50.9% |
| Operating profit (loss) | 9901 | €18,521 | €27,635 | +€9,114 | +49.2% |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Financial charges | 65/66B | €947 | €478 | -€469 | -49.5% |
| Recurring financial charges | 65 | €947 | €478 | -€469 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €17,714 | €27,157 | +€9,443 | +53.3% |
| Income taxes | 67/77 | €4,224 | €7,531 | +€3,308 | +78.3% |
| Profit (loss) for the period | 9904 | €13,491 | €19,626 | +€6,135 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,491 | €19,626 | +€6,135 | +45.5% |
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 17 October 2026 via checked.be.