LOVANI: 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.
What changed
LOVANI
NACE 47.279, Other retail sale of food
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,488
2024 · €23,169-€2,681
Equity
€315,630
2024 · €295,142+€20,488
Cash
€13,195
2024 · €39,376-€26,181
Balance sheet total
€5.1m
2024 · €5.4m-€258,166
Largest movements
Assets
- Tangible fixed assets -€232,397
down €232,397 (-4.5%), from €5.1m to €4.9m
of which Land and buildings: -€231,709
Equity and liabilities
- Debts after one year -€293,644
down €293,644 (-7.5%), from €3.9m to €3.6m
Income statement
- Financial charges -€37,350
down €37,350 (-25.0%), from €149,637 to €112,286
- Gross operating margin -€31,251
down €31,251 (-6.7%), from €464,427 to €433,176
- Other operating charges +€11,694
up €11,694 (+34.0%), from €34,427 to €46,121
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.
Result 2024
€23,169
Gross operating margin
-€31,251
Depreciation
+€2,907
Other operating charges
-€11,694
Financial income
+€6
Financial charges
+€37,350
Result 2025
€20,488
raises the resultlowers the result
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.
From operations
+€278,286
Investment
-€29,039
Financing
-€275,428
Cash 2024
€39,376
From operations (derived)
+€278,286
Net result for the year
+€20,488
Depreciation
+€261,436
Smaller working-capital items
-€412
Provisions
-€7,149
Trade debts
-€4,762
Tax, wage and social debts
-€2,775
Other debts
+€32,352
Accrued charges and deferred income
-€20,892
Investment (derived)
-€29,039
Investment in fixed assets (net)
-€29,039
Financing
-€275,428
Debts after one year
-€293,644
Current portion of long-term debt
+€18,216
Cash 2025
€13,195
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,382,736 | €5,124,570 | -€258,166 | -4.8% |
| Fixed assets | 21/28 | €5,334,438 | €5,102,041 | -€232,397 | -4.4% |
| Tangible fixed assets | 22/27 | €5,134,438 | €4,902,041 | -€232,397 | -4.5% |
| Land and buildings | 22 | €5,131,683 | €4,899,975 | -€231,709 | -4.5% |
| Plant, machinery and equipment | 23 | €2,754 | €2,066 | -€689 | -25.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €48,298 | €22,529 | -€25,769 | -53.4% |
| Amounts receivable within one year | 40/41 | €4,660 | €4,632 | -€28 | -0.6% |
| Trade receivables | 40 | - | €29 | +€29 | |
| Other amounts receivable | 41 | €4,660 | €4,603 | -€56 | -1.2% |
| Cash at bank and in hand | 54/58 | €39,376 | €13,195 | -€26,181 | -66.5% |
| Deferred charges and accrued income | 490/1 | €4,263 | €4,702 | +€440 | +10.3% |
| Total equity and liabilities | 10/49 | €5,382,736 | €5,124,570 | -€258,166 | -4.8% |
| Equity | 10/15 | €295,142 | €315,630 | +€20,488 | +6.9% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €118,239 | €107,939 | -€10,300 | -8.7% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,949 | €68,649 | -€10,300 | -13.0% |
| Distributable reserves | 133 | €34,790 | €34,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,097 | -€372,309 | +€30,788 | +7.6% |
| Provisions and deferred taxes | 16 | €38,808 | €31,659 | -€7,149 | -18.4% |
| Deferred taxes | 168 | €38,808 | €31,659 | -€7,149 | -18.4% |
| Amounts payable | 17/49 | €5,048,786 | €4,777,281 | -€271,505 | -5.4% |
| Amounts payable after more than one year | 17 | €3,933,855 | €3,640,212 | -€293,644 | -7.5% |
| Financial debts | 170/4 | €3,933,855 | €3,640,212 | -€293,644 | -7.5% |
| Amounts payable within one year | 42/48 | €1,080,343 | €1,123,374 | +€43,031 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €288,278 | €306,494 | +€18,216 | +6.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €22,050 | €17,288 | -€4,762 | -21.6% |
| Suppliers | 440/4 | €12,050 | €16,749 | +€4,699 | +39.0% |
| Bills of exchange payable | 441 | €10,000 | €539 | -€9,461 | -94.6% |
| Taxes, remuneration and social security | 45 | €9,775 | €7,000 | -€2,775 | -28.4% |
| Taxes | 450/3 | €9,775 | €0 | -€9,775 | -100% |
| Remuneration and social security | 454/9 | €0 | €7,000 | +€7,000 | |
| Other amounts payable | 47/48 | €510,239 | €542,592 | +€32,352 | +6.3% |
| Accrued charges and deferred income | 492/3 | €34,588 | €13,695 | -€20,892 | -60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,343 | €261,436 | -€2,907 | -1.1% |
| Other operating charges | 640/8 | €34,427 | €46,121 | +€11,694 | +34.0% |
| Gross operating margin | 9900 | €464,427 | €433,176 | -€31,251 | -6.7% |
| Operating profit (loss) | 9901 | €165,657 | €125,619 | -€40,038 | -24.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €149,637 | €112,286 | -€37,350 | -25.0% |
| Recurring financial charges | 65 | €149,637 | €112,286 | -€37,350 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €16,020 | €13,339 | -€2,681 | -16.7% |
| Transfer from deferred taxes | 780 | €7,149 | €7,149 | = | 0.0% |
| Profit (loss) for the period | 9904 | €23,169 | €20,488 | -€2,681 | -11.6% |
| Transfer from tax-exempt reserves | 789 | €10,300 | €10,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,469 | €30,788 | -€2,681 | -8.0% |
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 13 October 2026 via checked.be.