LOVARIA ASSURANCE: 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.
LOVARIA ASSURANCE
Largest movements
- Receivables within one year +€25,817
up €25,817 (+67.1%), from €38,461 to €64,278
- Tangible fixed assets +€19,602
new in 2025: €19,602
- Cash -€4,704
down €4,704 (-39.5%), from €11,919 to €7,215
mainly Receivables within one year (-€25,817) and Investment in fixed assets (net) (-€22,459)
- Deferred charges and accrued income +€1,771
up €1,771 (+16.6%), from €10,682 to €12,454
- Profit (loss) carried forward +€22,049
up €22,049 (+2,119%), from €1,041 to €23,090
- Debts after one year +€12,845
new in 2025: €12,845
- Tax, wage and social debts +€4,663
up €4,663 (+31.7%), from €14,712 to €19,375
- Current portion of long-term debt +€3,283
new in 2025: €3,283
- Turnover -€129,221
no longer reported in 2025 (was €129,221)
- Purchases and services -€71,368
no longer reported in 2025 (was €71,368)
- Gross operating margin -€26,105
down €26,105 (-45.1%), from €57,853 to €31,748
- Taxes -€8,284
down €8,284 (-56.3%), from €14,712 to €6,428
- Depreciation +€2,857
new in 2025: €2,857
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 | €61,063 | €103,549 | +€42,487 | +69.6% |
| Fixed assets | 21/28 | - | €19,602 | +€19,602 | |
| Tangible fixed assets | 22/27 | - | €19,602 | +€19,602 | |
| Furniture and vehicles | 24 | - | €19,602 | +€19,602 | |
| Current assets | 29/58 | €61,063 | €83,947 | +€22,884 | +37.5% |
| Amounts receivable within one year | 40/41 | €38,461 | €64,278 | +€25,817 | +67.1% |
| Other amounts receivable | 41 | €38,461 | €64,278 | +€25,817 | +67.1% |
| Cash at bank and in hand | 54/58 | €11,919 | €7,215 | -€4,704 | -39.5% |
| Deferred charges and accrued income | 490/1 | €10,682 | €12,454 | +€1,771 | +16.6% |
| Total equity and liabilities | 10/49 | €61,063 | €103,549 | +€42,487 | +69.6% |
| Equity | 10/15 | €43,041 | €65,090 | +€22,049 | +51.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,041 | €23,090 | +€22,049 | +2,119% |
| Amounts payable | 17/49 | €18,022 | €38,460 | +€20,438 | +113% |
| Amounts payable after more than one year | 17 | - | €12,845 | +€12,845 | |
| Financial debts | 170/4 | - | €12,845 | +€12,845 | |
| Amounts payable within one year | 42/48 | €18,022 | €25,615 | +€7,593 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,283 | +€3,283 | |
| Trade debts | 44 | €3,310 | €2,957 | -€353 | -10.7% |
| Suppliers | 440/4 | €3,310 | €2,957 | -€353 | -10.7% |
| Taxes, remuneration and social security | 45 | €14,712 | €19,375 | +€4,663 | +31.7% |
| Taxes | 450/3 | €14,712 | €19,375 | +€4,663 | +31.7% |
| Turnover | 70 | €129,221 | - | -€129,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,368 | - | -€71,368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,857 | +€2,857 | |
| Other operating charges | 640/8 | €1,726 | €2,576 | +€849 | +49.2% |
| Gross operating margin | 9900 | €57,853 | €31,748 | -€26,105 | -45.1% |
| Operating profit (loss) | 9901 | €56,127 | €26,315 | -€29,811 | -53.1% |
| Financial income | 75/76B | - | €2,780 | +€2,780 | |
| Recurring financial income | 75 | - | €2,780 | +€2,780 | |
| Financial charges | 65/66B | €374 | €619 | +€245 | +65.5% |
| Recurring financial charges | 65 | €374 | €619 | +€245 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €55,753 | €28,477 | -€27,276 | -48.9% |
| Income taxes | 67/77 | €14,712 | €6,428 | -€8,284 | -56.3% |
| Profit (loss) for the period | 9904 | €41,041 | €22,049 | -€18,992 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,041 | €22,049 | -€18,992 | -46.3% |
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 18 October 2026 via checked.be.