LOVANIX: 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.
LOVANIX
Largest movements
- Receivables within one year -€112,897
down €112,897 (-55.1%), from €204,864 to €91,966
of which Trade receivables: -€80,477
- Stocks and contracts -€29,113
down €29,113 (-12.8%), from €228,164 to €199,050
- Tangible fixed assets -€18,651
down €18,651 (-20.7%), from €90,014 to €71,364
- Advances received -€97,603
down €97,603 (-58.0%), from €168,211 to €70,608
- Trade debts -€82,998
down €82,998 (-67.0%), from €123,909 to €40,911
- Reserves +€14,246
up €14,246 (+3.5%), from €407,268 to €421,514
- Current portion of long-term debt -€11,890
no longer reported in 2025 (was €11,890)
- Tax, wage and social debts +€10,934
up €10,934 (+46.4%), from €23,549 to €34,484
of which Remuneration and social security: +€13,492
- Gross operating margin -€123,889
down €123,889 (-36.4%), from €340,189 to €216,299
- Taxes -€51,572
down €51,572 (-73.1%), from €70,573 to €19,002
- Staff costs +€33,171
up €33,171 (+27.8%), from €119,513 to €152,683
- Financial income -€8,480
down €8,480 (-18.5%), from €45,927 to €37,447
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 | €801,086 | €643,006 | -€158,079 | -19.7% |
| Fixed assets | 21/28 | €90,014 | €71,364 | -€18,651 | -20.7% |
| Tangible fixed assets | 22/27 | €90,014 | €71,364 | -€18,651 | -20.7% |
| Plant, machinery and equipment | 23 | €24,855 | €19,742 | -€5,114 | -20.6% |
| Furniture and vehicles | 24 | €13,855 | €6,690 | -€7,165 | -51.7% |
| Other tangible fixed assets | 26 | €51,304 | €44,932 | -€6,372 | -12.4% |
| Current assets | 29/58 | €711,071 | €571,643 | -€139,429 | -19.6% |
| Stocks and contracts in progress | 3 | €228,164 | €199,050 | -€29,113 | -12.8% |
| Stocks | 30/36 | €228,164 | €199,050 | -€29,113 | -12.8% |
| Amounts receivable within one year | 40/41 | €204,864 | €91,966 | -€112,897 | -55.1% |
| Trade receivables | 40 | €172,423 | €91,945 | -€80,477 | -46.7% |
| Other amounts receivable | 41 | €32,441 | €21 | -€32,420 | -99.9% |
| Cash at bank and in hand | 54/58 | €256,268 | €258,744 | +€2,475 | +1.0% |
| Deferred charges and accrued income | 490/1 | €21,776 | €21,882 | +€106 | +0.5% |
| Total equity and liabilities | 10/49 | €801,086 | €643,006 | -€158,079 | -19.7% |
| Equity | 10/15 | €472,268 | €486,514 | +€14,246 | +3.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €407,268 | €421,514 | +€14,246 | +3.5% |
| Distributable reserves | 133 | €407,268 | €421,514 | +€14,246 | +3.5% |
| Amounts payable | 17/49 | €328,817 | €156,492 | -€172,325 | -52.4% |
| Amounts payable within one year | 42/48 | €328,817 | €156,492 | -€172,325 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €11,890 | - | -€11,890 | |
| Trade debts | 44 | €123,909 | €40,911 | -€82,998 | -67.0% |
| Suppliers | 440/4 | €123,909 | €40,911 | -€82,998 | -67.0% |
| Advances received on contracts in progress | 46 | €168,211 | €70,608 | -€97,603 | -58.0% |
| Taxes, remuneration and social security | 45 | €23,549 | €34,484 | +€10,934 | +46.4% |
| Taxes | 450/3 | €11,167 | €8,610 | -€2,557 | -22.9% |
| Remuneration and social security | 454/9 | €12,382 | €25,874 | +€13,492 | +109.0% |
| Other amounts payable | 47/48 | €1,258 | €10,490 | +€9,231 | +733.7% |
| Remuneration, social security and pensions | 62 | €119,513 | €152,683 | +€33,171 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,674 | €24,601 | +€927 | +3.9% |
| Other operating charges | 640/8 | €11,454 | €11,365 | -€89 | -0.8% |
| Non-recurring operating charges | 66A | €575 | - | -€575 | |
| Gross operating margin | 9900 | €340,189 | €216,299 | -€123,889 | -36.4% |
| Operating profit (loss) | 9901 | €184,973 | €27,650 | -€157,323 | -85.1% |
| Financial income | 75/76B | €45,927 | €37,447 | -€8,480 | -18.5% |
| Recurring financial income | 75 | €45,927 | €37,447 | -€8,480 | -18.5% |
| Financial charges | 65/66B | €5,264 | €4,389 | -€875 | -16.6% |
| Recurring financial charges | 65 | €5,264 | €4,389 | -€875 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €225,635 | €60,708 | -€164,928 | -73.1% |
| Income taxes | 67/77 | €70,573 | €19,002 | -€51,572 | -73.1% |
| Profit (loss) for the period | 9904 | €155,062 | €41,706 | -€113,356 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,062 | €41,706 | -€113,356 | -73.1% |
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 6 October 2026 via checked.be.