LoVaDent: 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.
LoVaDent
Largest movements
- Cash -€172,765
down €172,765 (-77.6%), from €222,777 to €50,011
mainly Contributions, distributions and other (-€299,087) and Receivables within one year (-€121,975)
- Receivables within one year +€121,975
new in 2025: €121,975
of which Other amounts receivable: +€119,503
- Receivables after one year +€110,525
up €110,525 (+73.7%), from €150,000 to €260,525
- Tangible fixed assets +€17,344
up €17,344 (+3.6%), from €478,380 to €495,724
of which Furniture and vehicles: +€31,911
- Other debts +€274,276
up €274,276 (+73.2%), from €374,643 to €648,920
- Reserves -€189,272
down €189,272 (-43.7%), from €433,041 to €243,769
- Gross operating margin +€42,657
up €42,657 (+29.0%), from €147,125 to €189,782
- Financial charges +€5,929
up €5,929 (+27.7%), from €21,431 to €27,360
- Depreciation +€5,605
up €5,605 (+41.5%), from €13,514 to €19,119
- Financial income -€4,068
down €4,068 (-43.4%), from €9,379 to €5,312
- Other operating charges -€3,309
down €3,309 (-79.9%), from €4,142 to €832
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 | €905,643 | €982,853 | +€77,210 | +8.5% |
| Fixed assets | 21/28 | €478,380 | €495,724 | +€17,344 | +3.6% |
| Tangible fixed assets | 22/27 | €478,380 | €495,724 | +€17,344 | +3.6% |
| Land and buildings | 22 | €472,446 | €458,958 | -€13,488 | -2.9% |
| Plant, machinery and equipment | 23 | €4,716 | €3,637 | -€1,079 | -22.9% |
| Furniture and vehicles | 24 | €1,217 | €33,129 | +€31,911 | +2621.4% |
| Current assets | 29/58 | €427,263 | €487,129 | +€59,866 | +14.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €260,525 | +€110,525 | +73.7% |
| Other amounts receivable | 291 | €150,000 | €260,525 | +€110,525 | +73.7% |
| Amounts receivable within one year | 40/41 | - | €121,975 | +€121,975 | |
| Trade receivables | 40 | - | €2,472 | +€2,472 | |
| Other amounts receivable | 41 | - | €119,503 | +€119,503 | |
| Current investments | 50/53 | €54,486 | €54,486 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €222,777 | €50,011 | -€172,765 | -77.6% |
| Deferred charges and accrued income | 490/1 | - | €131 | +€131 | |
| Total equity and liabilities | 10/49 | €905,643 | €982,853 | +€77,210 | +8.5% |
| Equity | 10/15 | €435,041 | €245,769 | -€189,272 | -43.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €433,041 | €243,769 | -€189,272 | -43.7% |
| Distributable reserves | 133 | €433,041 | €243,769 | -€189,272 | -43.7% |
| Amounts payable | 17/49 | €470,602 | €737,084 | +€266,482 | +56.6% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €395,602 | €662,084 | +€266,482 | +67.4% |
| Trade debts | 44 | €1,258 | €495 | -€763 | -60.6% |
| Suppliers | 440/4 | €1,258 | €495 | -€763 | -60.6% |
| Taxes, remuneration and social security | 45 | €19,701 | €12,670 | -€7,032 | -35.7% |
| Taxes | 450/3 | €19,701 | €12,670 | -€7,032 | -35.7% |
| Other amounts payable | 47/48 | €374,643 | €648,920 | +€274,276 | +73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,514 | €19,119 | +€5,605 | +41.5% |
| Other operating charges | 640/8 | €4,142 | €832 | -€3,309 | -79.9% |
| Gross operating margin | 9900 | €147,125 | €189,782 | +€42,657 | +29.0% |
| Operating profit (loss) | 9901 | €129,470 | €169,831 | +€40,361 | +31.2% |
| Financial income | 75/76B | €9,379 | €5,312 | -€4,068 | -43.4% |
| Recurring financial income | 75 | €9,379 | €5,312 | -€4,068 | -43.4% |
| Financial charges | 65/66B | €21,431 | €27,360 | +€5,929 | +27.7% |
| Recurring financial charges | 65 | €21,431 | €27,360 | +€5,929 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €117,418 | €147,782 | +€30,364 | +25.9% |
| Income taxes | 67/77 | €35,961 | €37,968 | +€2,007 | +5.6% |
| Profit (loss) for the period | 9904 | €81,458 | €109,815 | +€28,357 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,458 | €109,815 | +€28,357 | +34.8% |
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 6 October 2026 via checked.be.