LOVAJO: 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.
LOVAJO
Largest movements
- Cash +€19,279
up €19,279 (+21.6%), from €89,370 to €108,649
mainly Depreciation (+€16,123) and Net result for the year (+€10,825)
- Tangible fixed assets -€16,123
down €16,123 (-19.3%), from €83,485 to €67,363
of which Land and buildings: -€16,123
- Receivables within one year +€5,100
up €5,100 (+267%), from €1,911 to €7,011
of which Trade receivables: +€5,100
- Profit (loss) carried forward +€10,825
up €10,825, from -€1,999 to €8,827
- Trade debts -€2,733
down €2,733 (-96.6%), from €2,830 to €97
- Gross operating margin +€8,928
up €8,928 (+31.7%), from €28,121 to €37,050
- Depreciation -€650
down €650 (-3.9%), from €16,773 to €16,123
- Financial charges -€470
down €470 (-25.7%), from €1,830 to €1,360
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 | €175,425 | €183,699 | +€8,274 | +4.7% |
| Fixed assets | 21/28 | €83,485 | €67,363 | -€16,123 | -19.3% |
| Tangible fixed assets | 22/27 | €83,485 | €67,363 | -€16,123 | -19.3% |
| Land and buildings | 22 | €83,485 | €67,363 | -€16,123 | -19.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €91,940 | €116,337 | +€24,397 | +26.5% |
| Amounts receivable within one year | 40/41 | €1,911 | €7,011 | +€5,100 | +267% |
| Trade receivables | 40 | €0 | €5,100 | +€5,100 | |
| Other amounts receivable | 41 | €1,911 | €1,911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,370 | €108,649 | +€19,279 | +21.6% |
| Deferred charges and accrued income | 490/1 | €659 | €676 | +€18 | +2.7% |
| Total equity and liabilities | 10/49 | €175,425 | €183,699 | +€8,274 | +4.7% |
| Equity | 10/15 | €171,201 | €182,027 | +€10,825 | +6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €111,200 | €111,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,999 | €8,827 | +€10,825 | |
| Amounts payable | 17/49 | €4,224 | €1,673 | -€2,551 | -60.4% |
| Amounts payable within one year | 42/48 | €2,844 | €394 | -€2,450 | -86.1% |
| Trade debts | 44 | €2,830 | €97 | -€2,733 | -96.6% |
| Suppliers | 440/4 | €2,830 | €97 | -€2,733 | -96.6% |
| Taxes, remuneration and social security | 45 | - | €283 | +€283 | |
| Taxes | 450/3 | - | €283 | +€283 | |
| Other amounts payable | 47/48 | €14 | €14 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,380 | €1,279 | -€101 | -7.3% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,773 | €16,123 | -€650 | -3.9% |
| Other operating charges | 640/8 | €8,206 | €8,459 | +€252 | +3.1% |
| Gross operating margin | 9900 | €28,121 | €37,050 | +€8,928 | +31.7% |
| Operating profit (loss) | 9901 | €3,143 | €12,468 | +€9,326 | +297% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,830 | €1,360 | -€470 | -25.7% |
| Recurring financial charges | 65 | €1,830 | €1,360 | -€470 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €1,313 | €11,108 | +€9,796 | +746% |
| Income taxes | 67/77 | - | €283 | +€283 | |
| Profit (loss) for the period | 9904 | €1,313 | €10,825 | +€9,513 | +725% |
| Profit (loss) for the period to be appropriated | 9905 | €1,313 | €10,825 | +€9,513 | +725% |
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 24 October 2026 via checked.be.