LOVAFARMA: 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.
LOVAFARMA
Largest movements
- Tangible fixed assets +€932,099
up €932,099 (+301.7%), from €308,905 to €1.2m
of which Land and buildings: +€932,198
- Cash +€95,855
up €95,855 (+57.8%), from €165,785 to €261,639
mainly Net result for the year (+€411,577) and Debts after one year (+€287,944)
- Deferred charges and accrued income -€78,775
down €78,775 (-99.0%), from €79,581 to €806
- Receivables within one year -€60,797
down €60,797 (-37.8%), from €160,808 to €100,011
of which Other amounts receivable: -€153,926
- Reserves +€453,963
up €453,963 (+221.2%), from €205,194 to €659,156
of which Tax-exempt reserves: +€453,963
- Debts after one year +€287,944
up €287,944, from €0 to €287,944
- Provisions +€151,321
up €151,321 (+316.7%), from €47,778 to €199,099
- Other debts +€68,187
up €68,187 (+121.9%), from €55,923 to €124,111
- Current portion of long-term debt -€64,541
down €64,541 (-86.2%), from €74,906 to €10,365
- Gross operating margin +€465,427
up €465,427 (+212.4%), from €219,175 to €684,602
- Depreciation +€84,160
up €84,160 (+379.1%), from €22,199 to €106,359
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 | €715,998 | €1,603,579 | +€887,581 | +124.0% |
| Fixed assets | 21/28 | €309,825 | €1,241,123 | +€931,299 | +300.6% |
| Tangible fixed assets | 22/27 | €308,905 | €1,241,003 | +€932,099 | +301.7% |
| Land and buildings | 22 | €306,479 | €1,238,677 | +€932,198 | +304.2% |
| Plant, machinery and equipment | 23 | €0 | €1,560 | +€1,560 | |
| Furniture and vehicles | 24 | €2,426 | €766 | -€1,660 | -68.4% |
| Financial fixed assets | 28 | €920 | €120 | -€800 | -87.0% |
| Current assets | 29/58 | €406,174 | €362,456 | -€43,718 | -10.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €160,808 | €100,011 | -€60,797 | -37.8% |
| Trade receivables | 40 | €6,862 | €99,990 | +€93,128 | +1357.1% |
| Other amounts receivable | 41 | €153,946 | €20 | -€153,926 | -100.0% |
| Cash at bank and in hand | 54/58 | €165,785 | €261,639 | +€95,855 | +57.8% |
| Deferred charges and accrued income | 490/1 | €79,581 | €806 | -€78,775 | -99.0% |
| Total equity and liabilities | 10/49 | €715,998 | €1,603,579 | +€887,581 | +124.0% |
| Equity | 10/15 | €491,458 | €903,035 | +€411,577 | +83.7% |
| Contributions | 10/11 | €216,200 | €216,200 | = | 0.0% |
| Reserves | 13 | €205,194 | €659,156 | +€453,963 | +221.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €143,334 | €597,296 | +€453,963 | +316.7% |
| Distributable reserves | 133 | €60,000 | €61,860 | +€1,860 | +3.1% |
| Profit (loss) carried forward | 14 | €70,064 | €27,679 | -€42,386 | -60.5% |
| Provisions and deferred taxes | 16 | €47,778 | €199,099 | +€151,321 | +316.7% |
| Deferred taxes | 168 | €47,778 | €199,099 | +€151,321 | +316.7% |
| Amounts payable | 17/49 | €176,763 | €501,446 | +€324,683 | +183.7% |
| Amounts payable after more than one year | 17 | €0 | €287,944 | +€287,944 | |
| Financial debts | 170/4 | €0 | €287,944 | +€287,944 | |
| Amounts payable within one year | 42/48 | €170,743 | €204,602 | +€33,859 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €74,906 | €10,365 | -€64,541 | -86.2% |
| Financial debts | 43 | €87 | €100 | +€13 | +14.9% |
| Credit institutions | 430/8 | €87 | €100 | +€13 | +14.9% |
| Trade debts | 44 | €30,450 | €61,485 | +€31,035 | +101.9% |
| Suppliers | 440/4 | €30,450 | €61,485 | +€31,035 | +101.9% |
| Taxes, remuneration and social security | 45 | €9,375 | €8,541 | -€835 | -8.9% |
| Taxes | 450/3 | €9,375 | €8,541 | -€835 | -8.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,923 | €124,111 | +€68,187 | +121.9% |
| Accrued charges and deferred income | 492/3 | €6,020 | €8,900 | +€2,880 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,199 | €106,359 | +€84,160 | +379.1% |
| Other operating charges | 640/8 | €4,203 | €7,882 | +€3,678 | +87.5% |
| Gross operating margin | 9900 | €219,175 | €684,602 | +€465,427 | +212.4% |
| Operating profit (loss) | 9901 | €192,773 | €570,361 | +€377,588 | +195.9% |
| Financial income | 75/76B | €746 | €213 | -€533 | -71.4% |
| Recurring financial income | 75 | €746 | €213 | -€533 | -71.4% |
| Financial charges | 65/66B | €8,513 | €7,500 | -€1,013 | -11.9% |
| Recurring financial charges | 65 | €8,513 | €7,500 | -€1,013 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €185,006 | €563,074 | +€378,068 | +204.4% |
| Transfer from deferred taxes | 780 | €145 | €22,414 | +€22,269 | +15319.8% |
| Transfer to deferred taxes | 680 | €47,923 | €173,735 | +€125,812 | +262.5% |
| Income taxes | 67/77 | €74 | €176 | +€102 | +137.6% |
| Profit (loss) for the period | 9904 | €137,154 | €411,577 | +€274,423 | +200.1% |
| Transfer from tax-exempt reserves | 789 | €436 | €67,242 | +€66,806 | +15320.5% |
| Transfer to tax-exempt reserves | 689 | €143,770 | €521,205 | +€377,435 | +262.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,180 | -€42,386 | -€36,206 | -585.9% |
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 5 October 2026 via checked.be.