Lovale Concept: 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.
Lovale Concept
Largest movements
- Deferred charges and accrued income +€15,752
up €15,752 (+70.9%), from €22,217 to €37,969
- Cash -€15,320
down €15,320 (-57.4%), from €26,668 to €11,348
mainly Contributions, distributions and other (-€19,500) and Deferred charges and accrued income (-€15,752)
- Tangible fixed assets -€8,840
down €8,840 (-23.7%), from €37,355 to €28,515
of which Furniture and vehicles: -€6,040
- Receivables within one year -€4,079
down €4,079 (-5.4%), from €75,141 to €71,062
of which Trade receivables: -€15,450
- Other debts +€19,500
new in 2025: €19,500
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€12,718
down €12,718 (-19.3%), from €65,886 to €53,168
- Tax, wage and social debts -€11,906
down €11,906 (-62.9%), from €18,927 to €7,022
- Trade debts +€9,003
up €9,003 (+16.1%), from €55,835 to €64,837
- Depreciation -€1,785
down €1,785 (-11.0%), from €16,250 to €14,465
- Taxes +€1,610
up €1,610 (+65.6%), from €2,453 to €4,063
- Other operating charges +€1,344
up €1,344 (+75.3%), from €1,783 to €3,127
- Gross operating margin +€933
up €933 (+3.0%), from €31,541 to €32,475
- Financial income +€791
up €791 (+788.2%), from €100 to €891
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 | €179,766 | €166,387 | -€13,379 | -7.4% |
| Fixed assets | 21/28 | €37,355 | €28,515 | -€8,840 | -23.7% |
| Tangible fixed assets | 22/27 | €37,355 | €28,515 | -€8,840 | -23.7% |
| Plant, machinery and equipment | 23 | €15,132 | €12,845 | -€2,287 | -15.1% |
| Furniture and vehicles | 24 | €20,080 | €14,040 | -€6,040 | -30.1% |
| Other tangible fixed assets | 26 | €2,143 | €1,630 | -€512 | -23.9% |
| Current assets | 29/58 | €142,411 | €137,872 | -€4,539 | -3.2% |
| Stocks and contracts in progress | 3 | €18,384 | €17,493 | -€891 | -4.8% |
| Stocks | 30/36 | €18,384 | €17,493 | -€891 | -4.8% |
| Amounts receivable within one year | 40/41 | €75,141 | €71,062 | -€4,079 | -5.4% |
| Trade receivables | 40 | €48,345 | €32,895 | -€15,450 | -32.0% |
| Other amounts receivable | 41 | €26,795 | €38,166 | +€11,371 | +42.4% |
| Cash at bank and in hand | 54/58 | €26,668 | €11,348 | -€15,320 | -57.4% |
| Deferred charges and accrued income | 490/1 | €22,217 | €37,969 | +€15,752 | +70.9% |
| Total equity and liabilities | 10/49 | €179,766 | €166,387 | -€13,379 | -7.4% |
| Equity | 10/15 | €73,946 | €61,228 | -€12,718 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,886 | €53,168 | -€12,718 | -19.3% |
| Amounts payable | 17/49 | €105,820 | €105,159 | -€661 | -0.6% |
| Amounts payable after more than one year | 17 | €9,751 | €4,292 | -€5,458 | -56.0% |
| Financial debts | 170/4 | €9,751 | €4,292 | -€5,458 | -56.0% |
| Amounts payable within one year | 42/48 | €94,931 | €96,817 | +€1,886 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €5,170 | €5,458 | +€288 | +5.6% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €55,835 | €64,837 | +€9,003 | +16.1% |
| Suppliers | 440/4 | €55,835 | €64,837 | +€9,003 | +16.1% |
| Taxes, remuneration and social security | 45 | €18,927 | €7,022 | -€11,906 | -62.9% |
| Taxes | 450/3 | €18,927 | €7,022 | -€11,906 | -62.9% |
| Other amounts payable | 47/48 | - | €19,500 | +€19,500 | |
| Accrued charges and deferred income | 492/3 | €1,138 | €4,049 | +€2,912 | +255.9% |
| Non-recurring operating income | 76A | - | €3,223 | +€3,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,250 | €14,465 | -€1,785 | -11.0% |
| Other operating charges | 640/8 | €1,783 | €3,127 | +€1,344 | +75.3% |
| Gross operating margin | 9900 | €31,541 | €32,475 | +€933 | +3.0% |
| Operating profit (loss) | 9901 | €13,508 | €14,883 | +€1,375 | +10.2% |
| Financial income | 75/76B | €100 | €891 | +€791 | +788.2% |
| Recurring financial income | 75 | €100 | €891 | +€791 | +788.2% |
| Financial charges | 65/66B | €5,523 | €4,929 | -€594 | -10.7% |
| Recurring financial charges | 65 | €5,523 | €4,929 | -€594 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €8,086 | €10,845 | +€2,760 | +34.1% |
| Income taxes | 67/77 | €2,453 | €4,063 | +€1,610 | +65.6% |
| Profit (loss) for the period | 9904 | €5,632 | €6,782 | +€1,150 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,632 | €6,782 | +€1,150 | +20.4% |
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 7 October 2026 via checked.be.