LOVENBOS: 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.
What changed
LOVENBOS
NACE 87.301, Residential care activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€127,753
2023 · €88,233+€39,520
Equity
-€2.8m
2023 · -€2.9m+€127,753
Cash
€50,799
2023 · €104,838-€54,039
Balance sheet total
€1.8m
2023 · €1.9m-€94,375
Largest movements
Assets
- Receivables within one year -€928,698
down €928,698 (-66.4%), from €1.4m to €470,267
of which Other amounts receivable: -€810,847
- Receivables after one year +€817,527
new in 2024: €817,527
- Deferred charges and accrued income +€85,818
up €85,818 (+136.5%), from €62,889 to €148,706
- Cash -€54,039
down €54,039 (-51.5%), from €104,838 to €50,799
mainly Other debts (-€997,934) and Receivables after one year (-€817,527)
Equity and liabilities
- Other debts -€997,934
down €997,934 (-83.3%), from €1.2m to €199,987
- Debts after one year +€629,654
up €629,654 (+32.6%), from €1.9m to €2.6m
- Tax, wage and social debts +€296,813
up €296,813 (+30.7%), from €966,460 to €1.3m
of which Remuneration and social security: +€158,409
- Profit (loss) carried forward +€127,753
up €127,753 (+4.3%), from -€2.9m to -€2.8m
- Short-term financial debts -€108,171
down €108,171 (-68.1%), from €158,919 to €50,748
Income statement
- Turnover +€288,456
up €288,456 (+5.7%), from €5.0m to €5.3m
- Staff costs +€192,500
up €192,500 (+5.7%), from €3.4m to €3.6m
- Services and other goods +€79,480
up €79,480 (+4.4%), from €1.8m to €1.9m
- Taxes +€76,031
up €76,031 (+800.3%), from €9,500 to €85,531
From the 2023 result to the 2024 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.
Result 2023
€88,233
Turnover
+€288,456
Other operating income
-€10,209
Goods and materials
-€864
Services and other goods
-€79,480
Staff costs
-€192,500
Depreciation
+€3,910
Write-downs
+€40,735
Other operating charges
-€53,055
Other operating items
+€138,640
Financial income
+€7,344
Financial charges
-€27,427
Taxes
-€76,031
Result 2024
€127,753
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€527,628
Investment
-€47,894
Financing
+€521,483
Cash 2023
€104,838
From operations (derived)
-€527,628
Net result for the year
+€127,753
Depreciation
+€62,876
Receivables after one year
-€817,527
Receivables within one year
+€928,698
Deferred charges and accrued income
-€85,818
Trade debts
+€21,086
Tax, wage and social debts
+€296,813
Advances received
+€1,248
Other debts
-€997,934
Accrued charges and deferred income
-€64,824
Investment (derived)
-€47,894
Investment in fixed assets (net)
-€47,894
Financing
+€521,483
Debts after one year
+€629,654
Short-term financial debts
-€108,171
Cash 2024
€50,799
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,888,616 | €1,794,241 | -€94,375 | -5.0% |
| Fixed assets | 21/28 | €321,924 | €306,942 | -€14,982 | -4.7% |
| Tangible fixed assets | 22/27 | €313,585 | €298,603 | -€14,982 | -4.8% |
| Plant, machinery and equipment | 23 | €8,264 | €10,817 | +€2,553 | +30.9% |
| Furniture and vehicles | 24 | €102,383 | €97,873 | -€4,510 | -4.4% |
| Other tangible fixed assets | 26 | €199,971 | €189,913 | -€10,057 | -5.0% |
| Assets under construction and advance payments | 27 | €2,968 | €0 | -€2,968 | -100.0% |
| Financial fixed assets | 28 | €8,339 | €8,339 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,339 | €8,339 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,339 | €8,339 | = | 0.0% |
| Current assets | 29/58 | €1,566,692 | €1,487,299 | -€79,393 | -5.1% |
| Amounts receivable after more than one year | 29 | - | €817,527 | +€817,527 | |
| Other amounts receivable | 291 | - | €817,527 | +€817,527 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,398,965 | €470,267 | -€928,698 | -66.4% |
| Trade receivables | 40 | €584,603 | €466,751 | -€117,851 | -20.2% |
| Other amounts receivable | 41 | €814,362 | €3,515 | -€810,847 | -99.6% |
| Cash at bank and in hand | 54/58 | €104,838 | €50,799 | -€54,039 | -51.5% |
| Deferred charges and accrued income | 490/1 | €62,889 | €148,706 | +€85,818 | +136.5% |
| Total equity and liabilities | 10/49 | €1,888,616 | €1,794,241 | -€94,375 | -5.0% |
| Equity | 10/15 | -€2,913,867 | -€2,786,113 | +€127,753 | +4.4% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,940,472 | -€2,812,718 | +€127,753 | +4.3% |
| Amounts payable | 17/49 | €4,802,482 | €4,580,355 | -€222,128 | -4.6% |
| Amounts payable after more than one year | 17 | €1,933,024 | €2,562,678 | +€629,654 | +32.6% |
| Financial debts | 170/4 | €1,933,024 | €2,562,678 | +€629,654 | +32.6% |
| Other loans | 174 | €1,933,024 | €2,562,678 | +€629,654 | +32.6% |
| Amounts payable within one year | 42/48 | €2,743,263 | €1,956,305 | -€786,958 | -28.7% |
| Financial debts | 43 | €158,919 | €50,748 | -€108,171 | -68.1% |
| Credit institutions | 430/8 | €158,919 | €50,748 | -€108,171 | -68.1% |
| Trade debts | 44 | €402,125 | €423,211 | +€21,086 | +5.2% |
| Suppliers | 440/4 | €402,125 | €423,211 | +€21,086 | +5.2% |
| Advances received on contracts in progress | 46 | €17,838 | €19,086 | +€1,248 | +7.0% |
| Taxes, remuneration and social security | 45 | €966,460 | €1,263,273 | +€296,813 | +30.7% |
| Taxes | 450/3 | €158,370 | €296,774 | +€138,404 | +87.4% |
| Remuneration and social security | 454/9 | €808,089 | €966,499 | +€158,409 | +19.6% |
| Other amounts payable | 47/48 | €1,197,922 | €199,987 | -€997,934 | -83.3% |
| Accrued charges and deferred income | 492/3 | €126,195 | €61,372 | -€64,824 | -51.4% |
| Operating income | 70/76A | €5,944,352 | €6,380,056 | +€435,704 | +7.3% |
| Turnover | 70 | €5,031,002 | €5,319,459 | +€288,456 | +5.7% |
| Other operating income | 74 | €892,738 | €882,528 | -€10,209 | -1.1% |
| Non-recurring operating income | 76A | €20,612 | €178,070 | +€157,457 | +763.9% |
| Operating charges | 60/66A | €5,808,383 | €6,108,454 | +€300,071 | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €291,151 | €292,015 | +€864 | +0.3% |
| Purchases | 600/8 | €291,151 | €292,015 | +€864 | +0.3% |
| Services and other goods | 61 | €1,800,281 | €1,879,761 | +€79,480 | +4.4% |
| Remuneration, social security and pensions | 62 | €3,389,661 | €3,582,161 | +€192,500 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,786 | €62,876 | -€3,910 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,125 | -€23,610 | -€40,735 | |
| Other operating charges | 640/8 | €240,512 | €293,567 | +€53,055 | +22.1% |
| Non-recurring operating charges | 66A | €2,867 | €21,684 | +€18,817 | +656.3% |
| Operating profit (loss) | 9901 | €135,969 | €271,602 | +€135,633 | +99.8% |
| Financial income | 75/76B | €24,690 | €32,035 | +€7,344 | +29.7% |
| Recurring financial income | 75 | €24,690 | €32,035 | +€7,344 | +29.7% |
| Income from financial fixed assets | 750 | - | €138 | +€138 | |
| Income from current assets | 751 | €9,338 | €31,821 | +€22,483 | +240.8% |
| Other financial income | 752/9 | €15,352 | €76 | -€15,276 | -99.5% |
| Financial charges | 65/66B | €62,926 | €90,353 | +€27,427 | +43.6% |
| Recurring financial charges | 65 | €62,926 | €90,353 | +€27,427 | +43.6% |
| Debt charges | 650 | €61,766 | €89,755 | +€27,989 | +45.3% |
| Other financial charges | 652/9 | €1,160 | €598 | -€562 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €97,733 | €213,284 | +€115,551 | +118.2% |
| Income taxes | 67/77 | €9,500 | €85,531 | +€76,031 | +800.3% |
| Taxes | 670/3 | €9,500 | €85,531 | +€76,031 | +800.3% |
| Profit (loss) for the period | 9904 | €88,233 | €127,753 | +€39,520 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,233 | €127,753 | +€39,520 | +44.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.