LOVEMEAT: 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.
LOVEMEAT
Largest movements
- Cash -€89,734
down €89,734 (-66.0%), from €135,982 to €46,248
mainly Contributions, distributions and other (-€139,096) and Receivables within one year (-€4,712)
- Receivables within one year +€4,712
up €4,712 (+37.2%), from €12,671 to €17,383
of which Trade receivables: +€4,712
- Reserves -€90,477
down €90,477 (-65.0%), from €139,096 to €48,619
- Tax, wage and social debts +€7,177
up €7,177 (+102%), from €7,047 to €14,224
- Other debts -€1,796
down €1,796 (-100%), from €1,796 to €0
- Gross operating margin +€21,059
up €21,059 (+48.7%), from €43,203 to €64,262
- Taxes +€4,361
up €4,361 (+52.8%), from €8,257 to €12,618
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 | €151,607 | €65,528 | -€86,079 | -56.8% |
| Fixed assets | 21/28 | €2,293 | €1,281 | -€1,012 | -44.1% |
| Tangible fixed assets | 22/27 | €2,043 | €1,031 | -€1,012 | -49.6% |
| Plant, machinery and equipment | 23 | €1,406 | €927 | -€479 | -34.1% |
| Furniture and vehicles | 24 | €637 | €104 | -€533 | -83.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €149,315 | €64,248 | -€85,067 | -57.0% |
| Amounts receivable within one year | 40/41 | €12,671 | €17,383 | +€4,712 | +37.2% |
| Trade receivables | 40 | €10,625 | €15,337 | +€4,712 | +44.3% |
| Other amounts receivable | 41 | €2,046 | €2,046 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,982 | €46,248 | -€89,734 | -66.0% |
| Deferred charges and accrued income | 490/1 | €661 | €617 | -€44 | -6.7% |
| Total equity and liabilities | 10/49 | €151,607 | €65,528 | -€86,079 | -56.8% |
| Equity | 10/15 | €141,596 | €51,119 | -€90,477 | -63.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €139,096 | €48,619 | -€90,477 | -65.0% |
| Distributable reserves | 133 | €139,096 | €48,619 | -€90,477 | -65.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,011 | €14,409 | +€4,398 | +43.9% |
| Amounts payable within one year | 42/48 | €10,011 | €14,409 | +€4,398 | +43.9% |
| Trade debts | 44 | €1,168 | €185 | -€983 | -84.2% |
| Suppliers | 440/4 | €1,168 | €185 | -€983 | -84.2% |
| Taxes, remuneration and social security | 45 | €7,047 | €14,224 | +€7,177 | +102% |
| Taxes | 450/3 | €7,047 | €14,224 | +€7,177 | +102% |
| Other amounts payable | 47/48 | €1,796 | €0 | -€1,796 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,302 | €1,012 | -€290 | -22.3% |
| Other operating charges | 640/8 | €722 | €735 | +€13 | +1.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,203 | €64,262 | +€21,059 | +48.7% |
| Operating profit (loss) | 9901 | €41,178 | €62,514 | +€21,336 | +51.8% |
| Financial income | 75/76B | €1,009 | €1,023 | +€14 | +1.4% |
| Recurring financial income | 75 | €1,009 | €1,023 | +€14 | +1.4% |
| Financial charges | 65/66B | €2,514 | €2,300 | -€214 | -8.5% |
| Recurring financial charges | 65 | €2,514 | €2,300 | -€214 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €39,673 | €61,237 | +€21,564 | +54.4% |
| Income taxes | 67/77 | €8,257 | €12,618 | +€4,361 | +52.8% |
| Profit (loss) for the period | 9904 | €31,416 | €48,619 | +€17,203 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,416 | €48,619 | +€17,203 | +54.8% |
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 24 October 2026 via checked.be.