Lovatec: 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.
Lovatec
Largest movements
- Tangible fixed assets +€62,995
up €62,995 (+611.9%), from €10,294 to €73,290
of which Leasing and similar rights: +€57,320
- Receivables within one year +€2,728
up €2,728 (+9.2%), from €29,785 to €32,513
of which Trade receivables: +€2,168
- Cash +€2,293
up €2,293 (+3.8%), from €59,832 to €62,124
mainly Net result for the year (+€46,324) and Debts after one year (+€41,673)
- Debts after one year +€41,673
up €41,673, from €0 to €41,673
- Other debts +€19,765
up €19,765 (+713.4%), from €2,771 to €22,536
- Current portion of long-term debt +€7,145
up €7,145 (+178.1%), from €4,010 to €11,155
- Reserves +€1,850
up €1,850 (+2.2%), from €85,508 to €87,358
- Gross operating margin +€44,678
up €44,678 (+125.6%), from €35,561 to €80,239
- Taxes +€6,718
up €6,718 (+103.4%), from €6,500 to €13,219
- Other operating charges +€1,297
up €1,297 (+64.0%), from €2,028 to €3,325
- Depreciation +€1,038
up €1,038 (+15.4%), from €6,735 to €7,773
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 | €102,945 | €171,538 | +€68,593 | +66.6% |
| Fixed assets | 21/28 | €10,294 | €73,290 | +€62,995 | +611.9% |
| Tangible fixed assets | 22/27 | €10,294 | €73,290 | +€62,995 | +611.9% |
| Plant, machinery and equipment | 23 | - | €1,703 | +€1,703 | |
| Furniture and vehicles | 24 | €1,512 | €5,485 | +€3,973 | +262.8% |
| Leasing and similar rights | 25 | €8,782 | €66,102 | +€57,320 | +652.7% |
| Current assets | 29/58 | €92,651 | €98,248 | +€5,597 | +6.0% |
| Amounts receivable within one year | 40/41 | €29,785 | €32,513 | +€2,728 | +9.2% |
| Trade receivables | 40 | €25,807 | €27,975 | +€2,168 | +8.4% |
| Other amounts receivable | 41 | €3,978 | €4,538 | +€559 | +14.1% |
| Cash at bank and in hand | 54/58 | €59,832 | €62,124 | +€2,293 | +3.8% |
| Deferred charges and accrued income | 490/1 | €3,034 | €3,611 | +€577 | +19.0% |
| Total equity and liabilities | 10/49 | €102,945 | €171,538 | +€68,593 | +66.6% |
| Equity | 10/15 | €90,508 | €92,358 | +€1,850 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,508 | €87,358 | +€1,850 | +2.2% |
| Distributable reserves | 133 | €85,508 | €87,358 | +€1,850 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,437 | €79,179 | +€66,743 | +536.7% |
| Amounts payable after more than one year | 17 | €0 | €41,673 | +€41,673 | |
| Financial debts | 170/4 | €0 | €41,673 | +€41,673 | |
| Amounts payable within one year | 42/48 | €12,437 | €37,506 | +€25,070 | +201.6% |
| Current portion of amounts payable after more than one year | 42 | €4,010 | €11,155 | +€7,145 | +178.1% |
| Trade debts | 44 | €1,996 | €1,232 | -€764 | -38.3% |
| Suppliers | 440/4 | €1,996 | €1,232 | -€764 | -38.3% |
| Taxes, remuneration and social security | 45 | €3,659 | €2,583 | -€1,077 | -29.4% |
| Taxes | 450/3 | €3,659 | €2,583 | -€1,077 | -29.4% |
| Other amounts payable | 47/48 | €2,771 | €22,536 | +€19,765 | +713.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,735 | €7,773 | +€1,038 | +15.4% |
| Other operating charges | 640/8 | €2,028 | €3,325 | +€1,297 | +64.0% |
| Non-recurring operating charges | 66A | - | €9,121 | +€9,121 | |
| Gross operating margin | 9900 | €35,561 | €80,239 | +€44,678 | +125.6% |
| Operating profit (loss) | 9901 | €26,799 | €60,020 | +€33,221 | +124.0% |
| Financial income | 75/76B | €245 | €426 | +€181 | +74.1% |
| Recurring financial income | 75 | €245 | €426 | +€181 | +74.1% |
| Financial charges | 65/66B | €172 | €903 | +€731 | +424.9% |
| Recurring financial charges | 65 | €172 | €903 | +€731 | +424.9% |
| Profit (loss) for the period before taxes | 9903 | €26,871 | €59,543 | +€32,671 | +121.6% |
| Income taxes | 67/77 | €6,500 | €13,219 | +€6,718 | +103.4% |
| Profit (loss) for the period | 9904 | €20,371 | €46,324 | +€25,953 | +127.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,371 | €46,324 | +€25,953 | +127.4% |
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 10 October 2026 via checked.be.