LOVATRANS: 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.
LOVATRANS
Largest movements
- Receivables within one year -€68,148
down €68,148 (-65.9%), from €103,487 to €35,339
of which Trade receivables: -€77,618
- Cash +€55,408
up €55,408 (+74.6%), from €74,275 to €129,683
mainly Receivables within one year (+€68,148) and Depreciation (+€33,124)
- Tangible fixed assets -€24,468
down €24,468 (-26.3%), from €93,182 to €68,714
of which Furniture and vehicles: -€24,704
- Deferred charges and accrued income +€3,015
up €3,015 (+37.0%), from €8,139 to €11,154
- Debts after one year -€20,528
down €20,528 (-43.4%), from €47,265 to €26,737
- Tax, wage and social debts -€12,338
down €12,338 (-78.7%), from €15,678 to €3,340
of which Taxes: -€12,338
- Reserves +€7,641
up €7,641 (+5.3%), from €143,657 to €151,298
of which Distributable reserves: +€13,561
- Current portion of long-term debt -€4,592
down €4,592 (-18.3%), from €25,120 to €20,528
- Other operating charges +€22,140
up €22,140 (+742.9%), from €2,980 to €25,120
- Gross operating margin +€13,375
up €13,375 (+21.4%), from €62,397 to €75,772
- Taxes -€2,695
down €2,695 (-30.9%), from €8,730 to €6,034
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 | €279,082 | €244,889 | -€34,193 | -12.3% |
| Fixed assets | 21/28 | €93,182 | €68,714 | -€24,468 | -26.3% |
| Tangible fixed assets | 22/27 | €93,182 | €68,714 | -€24,468 | -26.3% |
| Land and buildings | 22 | €1,410 | €1,194 | -€216 | -15.3% |
| Plant, machinery and equipment | 23 | €1,633 | €2,085 | +€452 | +27.7% |
| Furniture and vehicles | 24 | €90,139 | €65,435 | -€24,704 | -27.4% |
| Current assets | 29/58 | €185,901 | €176,175 | -€9,725 | -5.2% |
| Amounts receivable within one year | 40/41 | €103,487 | €35,339 | -€68,148 | -65.9% |
| Trade receivables | 40 | €103,487 | €25,868 | -€77,618 | -75.0% |
| Other amounts receivable | 41 | €0 | €9,470 | +€9,470 | |
| Cash at bank and in hand | 54/58 | €74,275 | €129,683 | +€55,408 | +74.6% |
| Deferred charges and accrued income | 490/1 | €8,139 | €11,154 | +€3,015 | +37.0% |
| Total equity and liabilities | 10/49 | €279,082 | €244,889 | -€34,193 | -12.3% |
| Equity | 10/15 | €162,249 | €169,890 | +€7,641 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €143,657 | €151,298 | +€7,641 | +5.3% |
| Tax-exempt reserves | 132 | €18,960 | €13,040 | -€5,920 | -31.2% |
| Distributable reserves | 133 | €124,696 | €138,258 | +€13,561 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,740 | €3,260 | -€1,480 | -31.2% |
| Deferred taxes | 168 | €4,740 | €3,260 | -€1,480 | -31.2% |
| Amounts payable | 17/49 | €112,094 | €71,739 | -€40,355 | -36.0% |
| Amounts payable after more than one year | 17 | €47,265 | €26,737 | -€20,528 | -43.4% |
| Financial debts | 170/4 | €47,265 | €26,737 | -€20,528 | -43.4% |
| Amounts payable within one year | 42/48 | €62,697 | €44,990 | -€17,707 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €25,120 | €20,528 | -€4,592 | -18.3% |
| Financial debts | 43 | €4,412 | €3,372 | -€1,039 | -23.6% |
| Credit institutions | 430/8 | €4,412 | €3,372 | -€1,039 | -23.6% |
| Trade debts | 44 | €12,128 | €13,662 | +€1,533 | +12.6% |
| Suppliers | 440/4 | €12,128 | €13,662 | +€1,533 | +12.6% |
| Taxes, remuneration and social security | 45 | €15,678 | €3,340 | -€12,338 | -78.7% |
| Taxes | 450/3 | €13,619 | €1,281 | -€12,338 | -90.6% |
| Remuneration and social security | 454/9 | €2,060 | €2,060 | = | 0.0% |
| Other amounts payable | 47/48 | €5,358 | €4,087 | -€1,271 | -23.7% |
| Accrued charges and deferred income | 492/3 | €2,131 | €12 | -€2,119 | -99.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,252 | €33,124 | -€128 | -0.4% |
| Other operating charges | 640/8 | €2,980 | €25,120 | +€22,140 | +742.9% |
| Gross operating margin | 9900 | €62,397 | €75,772 | +€13,375 | +21.4% |
| Operating profit (loss) | 9901 | €26,165 | €17,529 | -€8,636 | -33.0% |
| Financial income | 75/76B | €357 | €496 | +€139 | +39.0% |
| Recurring financial income | 75 | €357 | €496 | +€139 | +39.0% |
| Financial charges | 65/66B | €3,871 | €4,163 | +€292 | +7.5% |
| Recurring financial charges | 65 | €3,871 | €4,163 | +€292 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €22,651 | €13,862 | -€8,789 | -38.8% |
| Transfer from deferred taxes | 780 | €1,480 | €1,480 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €8,730 | €6,034 | -€2,695 | -30.9% |
| Profit (loss) for the period | 9904 | €15,401 | €9,307 | -€6,094 | -39.6% |
| Transfer from tax-exempt reserves | 789 | €5,920 | €5,920 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €21,321 | €15,227 | -€6,094 | -28.6% |
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 4 October 2026 via checked.be.