LOVAD: 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.
LOVAD
Largest movements
- Receivables within one year +€128,904
up €128,904 (+114.0%), from €113,099 to €242,003
of which Trade receivables: +€125,453
- Cash +€9,612
up €9,612 (+92.7%), from €10,368 to €19,979
mainly Trade debts (+€145,481) and Depreciation (+€12,829)
- Tangible fixed assets +€7,302
up €7,302 (+26.8%), from €27,297 to €34,600
of which Plant, machinery and equipment: +€15,952
- Trade debts +€145,481
up €145,481 (+10599.5%), from €1,373 to €146,853
- Other operating charges +€13,242
up €13,242 (+631.5%), from €2,097 to €15,339
- Depreciation +€2,469
up €2,469 (+23.8%), from €10,360 to €12,829
- Taxes -€724
down €724 (-14.7%), from €4,941 to €4,217
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,703 | €296,955 | +€145,252 | +95.7% |
| Fixed assets | 21/28 | €27,297 | €34,600 | +€7,302 | +26.8% |
| Tangible fixed assets | 22/27 | €27,297 | €34,600 | +€7,302 | +26.8% |
| Plant, machinery and equipment | 23 | - | €15,952 | +€15,952 | |
| Furniture and vehicles | 24 | €27,297 | €18,647 | -€8,650 | -31.7% |
| Current assets | 29/58 | €124,406 | €262,355 | +€137,950 | +110.9% |
| Amounts receivable within one year | 40/41 | €113,099 | €242,003 | +€128,904 | +114.0% |
| Trade receivables | 40 | €82,914 | €208,367 | +€125,453 | +151.3% |
| Other amounts receivable | 41 | €30,185 | €33,636 | +€3,451 | +11.4% |
| Cash at bank and in hand | 54/58 | €10,368 | €19,979 | +€9,612 | +92.7% |
| Deferred charges and accrued income | 490/1 | €939 | €373 | -€566 | -60.3% |
| Total equity and liabilities | 10/49 | €151,703 | €296,955 | +€145,252 | +95.7% |
| Equity | 10/15 | €118,102 | €116,656 | -€1,446 | -1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €113,102 | €111,656 | -€1,446 | -1.3% |
| Amounts payable | 17/49 | €33,601 | €180,299 | +€146,698 | +436.6% |
| Amounts payable within one year | 42/48 | €33,601 | €180,299 | +€146,698 | +436.6% |
| Trade debts | 44 | €1,373 | €146,853 | +€145,481 | +10599.5% |
| Suppliers | 440/4 | €1,373 | €146,853 | +€145,481 | +10599.5% |
| Taxes, remuneration and social security | 45 | €32,228 | €33,445 | +€1,217 | +3.8% |
| Taxes | 450/3 | €32,228 | €33,445 | +€1,217 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,360 | €12,829 | +€2,469 | +23.8% |
| Other operating charges | 640/8 | €2,097 | €15,339 | +€13,242 | +631.5% |
| Non-recurring operating charges | 66A | €4,121 | - | -€4,121 | |
| Gross operating margin | 9900 | €31,462 | €31,162 | -€300 | -1.0% |
| Operating profit (loss) | 9901 | €14,884 | €2,994 | -€11,890 | -79.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €190 | €223 | +€33 | +17.3% |
| Recurring financial charges | 65 | €190 | €223 | +€33 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €14,694 | €2,771 | -€11,923 | -81.1% |
| Income taxes | 67/77 | €4,941 | €4,217 | -€724 | -14.7% |
| Profit (loss) for the period | 9904 | €9,753 | -€1,446 | -€11,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,753 | -€1,446 | -€11,199 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.