LOVELEEN: 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.
LOVELEEN
Largest movements
- Receivables within one year +€27,334
up €27,334 (+36.4%), from €75,001 to €102,335
of which Trade receivables: +€36,971
- Tangible fixed assets -€5,736
down €5,736 (-20.1%), from €28,598 to €22,862
of which Furniture and vehicles: -€7,833
- Cash -€4,173
down €4,173 (-23.5%), from €17,786 to €13,613
mainly Receivables within one year (-€27,334) and Tax, wage and social debts (-€13,725)
- Trade debts +€35,896
up €35,896 (+89.6%), from €40,078 to €75,974
- Tax, wage and social debts -€13,725
down €13,725 (-86.5%), from €15,869 to €2,144
of which Taxes: -€8,789
- Debts after one year -€6,653
down €6,653 (-85.4%), from €7,793 to €1,140
- Accrued charges and deferred income +€4,000
up €4,000 (+440%), from €909 to €4,909
- Gross operating margin -€21,542
down €21,542 (-71.9%), from €29,944 to €8,401
- Taxes -€9,335
down €9,335 (-87.3%), from €10,690 to €1,355
- Financial income +€2,437
up €2,437 (+197%), from €1,234 to €3,671
- Financial charges -€484
down €484 (-37.8%), from €1,282 to €798
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 | €199,456 | €218,055 | +€18,598 | +9.3% |
| Fixed assets | 21/28 | €30,698 | €24,962 | -€5,736 | -18.7% |
| Tangible fixed assets | 22/27 | €28,598 | €22,862 | -€5,736 | -20.1% |
| Plant, machinery and equipment | 23 | €5,849 | €7,946 | +€2,097 | +35.9% |
| Furniture and vehicles | 24 | €22,748 | €14,915 | -€7,833 | -34.4% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €168,759 | €193,093 | +€24,334 | +14.4% |
| Stocks and contracts in progress | 3 | €75,222 | €77,145 | +€1,923 | +2.6% |
| Stocks | 30/36 | €75,222 | €77,145 | +€1,923 | +2.6% |
| Amounts receivable within one year | 40/41 | €75,001 | €102,335 | +€27,334 | +36.4% |
| Trade receivables | 40 | €2,984 | €39,955 | +€36,971 | +1,239% |
| Other amounts receivable | 41 | €72,017 | €62,380 | -€9,638 | -13.4% |
| Cash at bank and in hand | 54/58 | €17,786 | €13,613 | -€4,173 | -23.5% |
| Deferred charges and accrued income | 490/1 | €750 | - | -€750 | |
| Total equity and liabilities | 10/49 | €199,456 | €218,055 | +€18,598 | +9.3% |
| Equity | 10/15 | €128,466 | €127,235 | -€1,231 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,059 | €10,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,199 | €8,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,207 | €110,976 | -€1,231 | -1.1% |
| Amounts payable | 17/49 | €70,990 | €90,819 | +€19,829 | +27.9% |
| Amounts payable after more than one year | 17 | €7,793 | €1,140 | -€6,653 | -85.4% |
| Financial debts | 170/4 | €7,793 | €1,140 | -€6,653 | -85.4% |
| Amounts payable within one year | 42/48 | €62,288 | €84,770 | +€22,482 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €6,341 | €6,653 | +€311 | +4.9% |
| Trade debts | 44 | €40,078 | €75,974 | +€35,896 | +89.6% |
| Suppliers | 440/4 | €40,078 | €75,974 | +€35,896 | +89.6% |
| Taxes, remuneration and social security | 45 | €15,869 | €2,144 | -€13,725 | -86.5% |
| Taxes | 450/3 | €10,933 | €2,144 | -€8,789 | -80.4% |
| Remuneration and social security | 454/9 | €4,936 | - | -€4,936 | |
| Accrued charges and deferred income | 492/3 | €909 | €4,909 | +€4,000 | +440% |
| Non-recurring operating income | 76A | - | €704 | +€704 | |
| Remuneration, social security and pensions | 62 | - | €236 | +€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €7,696 | +€201 | +2.7% |
| Other operating charges | 640/8 | €3,512 | €3,219 | -€293 | -8.4% |
| Gross operating margin | 9900 | €29,944 | €8,401 | -€21,542 | -71.9% |
| Operating profit (loss) | 9901 | €18,937 | -€2,749 | -€21,686 | |
| Financial income | 75/76B | €1,234 | €3,671 | +€2,437 | +197% |
| Recurring financial income | 75 | €1,234 | €3,671 | +€2,437 | +197% |
| Financial charges | 65/66B | €1,282 | €798 | -€484 | -37.8% |
| Recurring financial charges | 65 | €1,282 | €798 | -€484 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €18,889 | €124 | -€18,765 | -99.3% |
| Income taxes | 67/77 | €10,690 | €1,355 | -€9,335 | -87.3% |
| Profit (loss) for the period | 9904 | €8,199 | -€1,231 | -€9,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,199 | -€1,231 | -€9,430 |
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 26 October 2026 via checked.be.