LOVEGROVE: 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.
LOVEGROVE
Largest movements
- Current investments +€50,000
up €50,000 (+41.7%), from €120,000 to €170,000
- Cash -€24,034
down €24,034 (-20.2%), from €119,037 to €95,003
mainly Current investments (-€50,000) and Tax, wage and social debts (-€5,787)
- Receivables within one year -€6,863
down €6,863 (-76.4%), from €8,981 to €2,118
of which Trade receivables: -€5,048
- Tangible fixed assets -€3,886
down €3,886 (-48.0%), from €8,093 to €4,207
- Reserves +€11,704
up €11,704 (+6.2%), from €190,293 to €201,997
of which Distributable reserves: +€11,704
- Tax, wage and social debts -€5,787
down €5,787 (-37.6%), from €15,386 to €9,600
of which Remuneration and social security: -€7,166
- Other debts +€5,086
up €5,086 (+12.7%), from €40,171 to €45,256
- Trade debts +€4,042
up €4,042 (+102%), from €3,959 to €8,001
- Gross operating margin +€18,223
up €18,223 (+170%), from €10,690 to €28,912
- Taxes +€7,888
up €7,888 (+248%), from €3,185 to €11,073
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 | €257,312 | €272,357 | +€15,045 | +5.8% |
| Fixed assets | 21/28 | €8,155 | €4,269 | -€3,886 | -47.7% |
| Tangible fixed assets | 22/27 | €8,093 | €4,207 | -€3,886 | -48.0% |
| Furniture and vehicles | 24 | €8,093 | €4,207 | -€3,886 | -48.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €249,157 | €268,088 | +€18,931 | +7.6% |
| Amounts receivable within one year | 40/41 | €8,981 | €2,118 | -€6,863 | -76.4% |
| Trade receivables | 40 | €7,167 | €2,118 | -€5,048 | -70.4% |
| Other amounts receivable | 41 | €1,815 | - | -€1,815 | |
| Current investments | 50/53 | €120,000 | €170,000 | +€50,000 | +41.7% |
| Cash at bank and in hand | 54/58 | €119,037 | €95,003 | -€24,034 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,138 | €966 | -€172 | -15.1% |
| Total equity and liabilities | 10/49 | €257,312 | €272,357 | +€15,045 | +5.8% |
| Equity | 10/15 | €197,795 | €209,499 | +€11,704 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,293 | €201,997 | +€11,704 | +6.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,433 | €200,137 | +€11,704 | +6.2% |
| Profit (loss) carried forward | 14 | €1,302 | €1,302 | +€0 | 0.0% |
| Amounts payable | 17/49 | €59,516 | €62,857 | +€3,341 | +5.6% |
| Amounts payable within one year | 42/48 | €59,516 | €62,857 | +€3,341 | +5.6% |
| Trade debts | 44 | €3,959 | €8,001 | +€4,042 | +102% |
| Suppliers | 440/4 | €3,959 | €8,001 | +€4,042 | +102% |
| Taxes, remuneration and social security | 45 | €15,386 | €9,600 | -€5,787 | -37.6% |
| Taxes | 450/3 | €8,221 | €9,600 | +€1,379 | +16.8% |
| Remuneration and social security | 454/9 | €7,166 | - | -€7,166 | |
| Other amounts payable | 47/48 | €40,171 | €45,256 | +€5,086 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,151 | €4,889 | -€262 | -5.1% |
| Other operating charges | 640/8 | €770 | €934 | +€164 | +21.3% |
| Gross operating margin | 9900 | €10,690 | €28,912 | +€18,223 | +170% |
| Operating profit (loss) | 9901 | €4,769 | €23,090 | +€18,321 | +384% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €281 | €348 | +€67 | +23.9% |
| Recurring financial charges | 65 | €281 | €348 | +€67 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €4,488 | €22,777 | +€18,290 | +408% |
| Income taxes | 67/77 | €3,185 | €11,073 | +€7,888 | +248% |
| Profit (loss) for the period | 9904 | €1,302 | €11,704 | +€10,402 | +799% |
| Profit (loss) for the period to be appropriated | 9905 | €1,302 | €11,704 | +€10,402 | +799% |
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 16 October 2026 via checked.be.