LOVATH: what changed
LOVATH
Largest movements
- Cash -€22,981
down €22,981 (-64.6%), from €35,574 to €12,593
mainly Net result for the year (-€26,750)
- Receivables within one year -€2,242
down €2,242 (-6.1%), from €36,955 to €34,713
of which Trade receivables: -€9,075
- Profit (loss) carried forward -€26,750
down €26,750 (-37.3%), from €71,667 to €44,916
- Tax, wage and social debts +€946
up €946 (+20,919%), from €5 to €950
of which Remuneration and social security: +€946
- Gross operating margin -€98,107
down €98,107, from €71,920 to -€26,187
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,686 | €48,057 | -€25,629 | -34.8% |
| Fixed assets | 21/28 | €1,156 | €751 | -€406 | -35.1% |
| Tangible fixed assets | 22/27 | €1,156 | €751 | -€406 | -35.1% |
| Plant, machinery and equipment | 23 | €1,156 | €751 | -€406 | -35.1% |
| Current assets | 29/58 | €72,530 | €47,307 | -€25,223 | -34.8% |
| Amounts receivable within one year | 40/41 | €36,955 | €34,713 | -€2,242 | -6.1% |
| Trade receivables | 40 | €36,724 | €27,649 | -€9,075 | -24.7% |
| Other amounts receivable | 41 | €232 | €7,065 | +€6,833 | +2,945% |
| Cash at bank and in hand | 54/58 | €35,574 | €12,593 | -€22,981 | -64.6% |
| Total equity and liabilities | 10/49 | €73,686 | €48,057 | -€25,629 | -34.8% |
| Equity | 10/15 | €73,667 | €46,916 | -€26,750 | -36.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,667 | €44,916 | -€26,750 | -37.3% |
| Amounts payable | 17/49 | €20 | €1,141 | +€1,122 | +5,746% |
| Amounts payable within one year | 42/48 | €20 | €1,141 | +€1,122 | +5,746% |
| Trade debts | 44 | €0 | €176 | +€176 | |
| Suppliers | 440/4 | €0 | €176 | +€176 | |
| Taxes, remuneration and social security | 45 | €5 | €950 | +€946 | +20,919% |
| Taxes | 450/3 | €5 | €5 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €946 | +€946 | |
| Other amounts payable | 47/48 | €15 | €15 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €406 | +€345 | +566% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €71,920 | -€26,187 | -€98,107 | |
| Operating profit (loss) | 9901 | €71,859 | -€26,713 | -€98,572 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €193 | €61 | -€132 | -68.4% |
| Recurring financial charges | 65 | €193 | €61 | -€132 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €71,667 | -€26,750 | -€98,417 | |
| Profit (loss) for the period | 9904 | €71,667 | -€26,750 | -€98,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,667 | -€26,750 | -€98,417 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.