LOVAHDNET: 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.
LOVAHDNET
Largest movements
- Receivables within one year -€596,623
down €596,623 (-28.3%), from €2.1m to €1.5m
of which Trade receivables: -€591,539
- Profit (loss) carried forward -€532,034
down €532,034 (-41.2%), from €1.3m to €758,212
- Other debts -€44,237
down €44,237 (-20.7%), from €213,901 to €169,664
- Tax, wage and social debts -€39,588
down €39,588 (-60.0%), from €65,988 to €26,400
of which Taxes: -€42,308
- Other operating charges +€453,005
up €453,005 (+7681.3%), from €5,897 to €458,903
- Gross operating margin -€9,644
down €9,644 (-19.3%), from -€50,044 to -€59,689
- Depreciation -€7,796
down €7,796 (-37.0%), from €21,085 to €13,289
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 | €2,168,666 | €1,551,415 | -€617,251 | -28.5% |
| Fixed assets | 21/28 | €13,195 | €1,275 | -€11,920 | -90.3% |
| Tangible fixed assets | 22/27 | €13,195 | €1,275 | -€11,920 | -90.3% |
| Land and buildings | 22 | €6,999 | - | -€6,999 | |
| Plant, machinery and equipment | 23 | €5,682 | - | -€5,682 | |
| Furniture and vehicles | 24 | €514 | €1,275 | +€761 | +148.0% |
| Current assets | 29/58 | €2,155,471 | €1,550,140 | -€605,331 | -28.1% |
| Amounts receivable within one year | 40/41 | €2,106,995 | €1,510,372 | -€596,623 | -28.3% |
| Trade receivables | 40 | €2,101,198 | €1,509,659 | -€591,539 | -28.2% |
| Other amounts receivable | 41 | €5,797 | €713 | -€5,084 | -87.7% |
| Cash at bank and in hand | 54/58 | €48,476 | €39,768 | -€8,708 | -18.0% |
| Total equity and liabilities | 10/49 | €2,168,666 | €1,551,415 | -€617,251 | -28.5% |
| Equity | 10/15 | €1,310,706 | €778,672 | -€532,034 | -40.6% |
| 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 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,290,246 | €758,212 | -€532,034 | -41.2% |
| Amounts payable | 17/49 | €857,960 | €772,743 | -€85,217 | -9.9% |
| Amounts payable after more than one year | 17 | €393,899 | €393,899 | = | 0.0% |
| Financial debts | 170/4 | €393,899 | €393,899 | = | 0.0% |
| Amounts payable within one year | 42/48 | €464,061 | €378,844 | -€85,217 | -18.4% |
| Financial debts | 43 | €45 | - | -€45 | |
| Credit institutions | 430/8 | €45 | - | -€45 | |
| Trade debts | 44 | €184,128 | €182,781 | -€1,347 | -0.7% |
| Suppliers | 440/4 | €184,128 | €182,781 | -€1,347 | -0.7% |
| Taxes, remuneration and social security | 45 | €65,988 | €26,400 | -€39,588 | -60.0% |
| Taxes | 450/3 | €50,235 | €7,928 | -€42,308 | -84.2% |
| Remuneration and social security | 454/9 | €15,753 | €18,472 | +€2,719 | +17.3% |
| Other amounts payable | 47/48 | €213,901 | €169,664 | -€44,237 | -20.7% |
| Remuneration, social security and pensions | 62 | €182 | - | -€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,085 | €13,289 | -€7,796 | -37.0% |
| Other operating charges | 640/8 | €5,897 | €458,903 | +€453,005 | +7681.3% |
| Gross operating margin | 9900 | -€50,044 | -€59,689 | -€9,644 | -19.3% |
| Operating profit (loss) | 9901 | -€77,209 | -€531,880 | -€454,671 | -588.9% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €775 | €202 | -€573 | -73.9% |
| Recurring financial charges | 65 | €775 | €202 | -€573 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | -€77,984 | -€532,034 | -€454,050 | -582.2% |
| Profit (loss) for the period | 9904 | -€77,984 | -€532,034 | -€454,050 | -582.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,984 | -€532,034 | -€454,050 | -582.2% |
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 10 October 2026 via checked.be.