LOVANIA CONSULTING: 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.
LOVANIA CONSULTING
Largest movements
- Cash +€173,907
up €173,907 (+48.2%), from €360,751 to €534,658
mainly Net result for the year (+€118,895) and Depreciation (+€86,116)
- Receivables within one year -€43,729
down €43,729 (-52.0%), from €84,035 to €40,306
of which Trade receivables: -€33,215
- Tangible fixed assets -€37,757
down €37,757 (-3.9%), from €975,475 to €937,718
of which Furniture and vehicles: -€52,988
- Reserves +€118,895
up €118,895 (+11.0%), from €1.1m to €1.2m
of which Distributable reserves: +€118,895
- Debts after one year -€27,350
down €27,350 (-42.6%), from €64,261 to €36,911
- Gross operating margin -€252,044
down €252,044 (-42.5%), from €592,567 to €340,524
- Taxes -€89,297
down €89,297 (-63.5%), from €140,630 to €51,333
- Depreciation +€26,706
up €26,706 (+45.0%), from €59,410 to €86,116
- Other operating charges +€6,068
up €6,068 (+84.1%), from €7,213 to €13,281
- Staff costs +€5,948
up €5,948 (+9.3%), from €64,062 to €70,011
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 | €1,451,145 | €1,532,170 | +€81,025 | +5.6% |
| Fixed assets | 21/28 | €975,475 | €937,718 | -€37,757 | -3.9% |
| Tangible fixed assets | 22/27 | €975,475 | €937,718 | -€37,757 | -3.9% |
| Land and buildings | 22 | €774,803 | €776,117 | +€1,314 | +0.2% |
| Plant, machinery and equipment | 23 | €24,014 | €37,931 | +€13,917 | +58.0% |
| Furniture and vehicles | 24 | €176,658 | €123,669 | -€52,988 | -30.0% |
| Current assets | 29/58 | €475,670 | €594,452 | +€118,782 | +25.0% |
| Amounts receivable within one year | 40/41 | €84,035 | €40,306 | -€43,729 | -52.0% |
| Trade receivables | 40 | €71,908 | €38,693 | -€33,215 | -46.2% |
| Other amounts receivable | 41 | €12,127 | €1,613 | -€10,514 | -86.7% |
| Current investments | 50/53 | €12,378 | €0 | -€12,378 | -100% |
| Cash at bank and in hand | 54/58 | €360,751 | €534,658 | +€173,907 | +48.2% |
| Deferred charges and accrued income | 490/1 | €18,507 | €19,488 | +€982 | +5.3% |
| Total equity and liabilities | 10/49 | €1,451,145 | €1,532,170 | +€81,025 | +5.6% |
| Equity | 10/15 | €1,265,444 | €1,384,339 | +€118,895 | +9.4% |
| Contributions | 10/11 | €183,500 | €183,500 | = | 0.0% |
| Reserves | 13 | €1,081,944 | €1,200,839 | +€118,895 | +11.0% |
| Non-distributable reserves | 130/1 | €17,029 | €17,029 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,029 | €17,029 | = | 0.0% |
| Distributable reserves | 133 | €1,064,914 | €1,183,810 | +€118,895 | +11.2% |
| Amounts payable | 17/49 | €185,701 | €147,831 | -€37,870 | -20.4% |
| Amounts payable after more than one year | 17 | €64,261 | €36,911 | -€27,350 | -42.6% |
| Financial debts | 170/4 | €64,261 | €36,911 | -€27,350 | -42.6% |
| Amounts payable within one year | 42/48 | €120,686 | €110,713 | -€9,973 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €32,454 | €27,350 | -€5,104 | -15.7% |
| Trade debts | 44 | €37,930 | €27,853 | -€10,078 | -26.6% |
| Suppliers | 440/4 | €37,930 | €27,853 | -€10,078 | -26.6% |
| Taxes, remuneration and social security | 45 | €50,302 | €55,510 | +€5,208 | +10.4% |
| Taxes | 450/3 | €37,848 | €42,042 | +€4,193 | +11.1% |
| Remuneration and social security | 454/9 | €12,453 | €13,468 | +€1,015 | +8.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €754 | €207 | -€547 | -72.6% |
| Remuneration, social security and pensions | 62 | €64,062 | €70,011 | +€5,948 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,410 | €86,116 | +€26,706 | +45.0% |
| Other operating charges | 640/8 | €7,213 | €13,281 | +€6,068 | +84.1% |
| Gross operating margin | 9900 | €592,567 | €340,524 | -€252,044 | -42.5% |
| Operating profit (loss) | 9901 | €461,882 | €171,116 | -€290,766 | -63.0% |
| Financial income | 75/76B | €1,197 | €1,617 | +€420 | +35.0% |
| Recurring financial income | 75 | €1,197 | €1,617 | +€420 | +35.0% |
| Financial charges | 65/66B | €2,032 | €2,504 | +€472 | +23.2% |
| Recurring financial charges | 65 | €2,032 | €2,504 | +€472 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €461,047 | €170,228 | -€290,819 | -63.1% |
| Income taxes | 67/77 | €140,630 | €51,333 | -€89,297 | -63.5% |
| Profit (loss) for the period | 9904 | €320,417 | €118,895 | -€201,522 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €320,417 | €118,895 | -€201,522 | -62.9% |
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 22 October 2026 via checked.be.