LOVANIUS: 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.
LOVANIUS
Largest movements
- Cash +€160,358
up €160,358 (+205%), from €78,081 to €238,439
mainly Other debts (+€180,533) and Net result for the year (+€46,930)
- Receivables within one year +€30,197
up €30,197 (+14.1%), from €214,493 to €244,690
of which Trade receivables: +€37,657
- Tangible fixed assets -€18,614
down €18,614 (-14.6%), from €127,633 to €109,020
of which Other tangible fixed assets: -€11,700
- Other debts +€180,533
up €180,533 (+327%), from €55,168 to €235,700
- Profit (loss) carried forward +€46,930
up €46,930 (+45.9%), from €102,248 to €149,179
- Debts after one year -€40,436
down €40,436 (-31.1%), from €130,152 to €89,716
- Trade debts -€28,692
down €28,692 (-70.4%), from €40,753 to €12,061
- Tax, wage and social debts +€6,008
up €6,008 (+11.7%), from €51,202 to €57,210
of which Taxes: +€4,947
- Gross operating margin -€101,739
down €101,739 (-32.3%), from €315,460 to €213,721
- Write-downs -€19,159
down €19,159, from €13,867 to -€5,292
- Staff costs -€17,774
down €17,774 (-12.4%), from €143,757 to €125,983
- Taxes -€13,798
down €13,798 (-46.9%), from €29,430 to €15,631
- Financial income +€9,548
up €9,548 (+5,342%), from €179 to €9,727
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 | €425,846 | €596,731 | +€170,885 | +40.1% |
| Fixed assets | 21/28 | €133,097 | €113,284 | -€19,812 | -14.9% |
| Intangible fixed assets | 21 | €5,463 | €4,265 | -€1,199 | -21.9% |
| Tangible fixed assets | 22/27 | €127,633 | €109,020 | -€18,614 | -14.6% |
| Plant, machinery and equipment | 23 | €19,581 | €12,667 | -€6,914 | -35.3% |
| Other tangible fixed assets | 26 | €108,053 | €96,353 | -€11,700 | -10.8% |
| Current assets | 29/58 | €292,749 | €483,446 | +€190,697 | +65.1% |
| Amounts receivable within one year | 40/41 | €214,493 | €244,690 | +€30,197 | +14.1% |
| Trade receivables | 40 | €200,266 | €237,923 | +€37,657 | +18.8% |
| Other amounts receivable | 41 | €14,227 | €6,767 | -€7,460 | -52.4% |
| Cash at bank and in hand | 54/58 | €78,081 | €238,439 | +€160,358 | +205% |
| Deferred charges and accrued income | 490/1 | €175 | €317 | +€142 | +81.1% |
| Total equity and liabilities | 10/49 | €425,846 | €596,731 | +€170,885 | +40.1% |
| Equity | 10/15 | €109,748 | €156,679 | +€46,930 | +42.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,248 | €149,179 | +€46,930 | +45.9% |
| Amounts payable | 17/49 | €316,098 | €440,052 | +€123,955 | +39.2% |
| Amounts payable after more than one year | 17 | €130,152 | €89,716 | -€40,436 | -31.1% |
| Financial debts | 170/4 | €130,152 | €89,716 | -€40,436 | -31.1% |
| Amounts payable within one year | 42/48 | €185,946 | €345,407 | +€159,461 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €38,823 | €40,436 | +€1,613 | +4.2% |
| Trade debts | 44 | €40,753 | €12,061 | -€28,692 | -70.4% |
| Suppliers | 440/4 | €40,753 | €12,061 | -€28,692 | -70.4% |
| Taxes, remuneration and social security | 45 | €51,202 | €57,210 | +€6,008 | +11.7% |
| Taxes | 450/3 | €40,114 | €45,061 | +€4,947 | +12.3% |
| Remuneration and social security | 454/9 | €11,089 | €12,149 | +€1,060 | +9.6% |
| Other amounts payable | 47/48 | €55,168 | €235,700 | +€180,533 | +327% |
| Accrued charges and deferred income | 492/3 | - | €4,930 | +€4,930 | |
| Remuneration, social security and pensions | 62 | €143,757 | €125,983 | -€17,774 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,615 | €19,812 | +€7,198 | +57.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,867 | -€5,292 | -€19,159 | |
| Other operating charges | 640/8 | €6,271 | €5,352 | -€919 | -14.7% |
| Gross operating margin | 9900 | €315,460 | €213,721 | -€101,739 | -32.3% |
| Operating profit (loss) | 9901 | €138,950 | €67,866 | -€71,084 | -51.2% |
| Financial income | 75/76B | €179 | €9,727 | +€9,548 | +5,342% |
| Recurring financial income | 75 | €179 | €9,727 | +€9,548 | +5,342% |
| Financial charges | 65/66B | €7,451 | €15,031 | +€7,580 | +102% |
| Recurring financial charges | 65 | €7,451 | €15,031 | +€7,580 | +102% |
| Profit (loss) for the period before taxes | 9903 | €131,678 | €62,562 | -€69,116 | -52.5% |
| Income taxes | 67/77 | €29,430 | €15,631 | -€13,798 | -46.9% |
| Profit (loss) for the period | 9904 | €102,248 | €46,930 | -€55,318 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,248 | €46,930 | -€55,318 | -54.1% |
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 25 October 2026 via checked.be.