LOVENHOEK: 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.
LOVENHOEK
Largest movements
- Tangible fixed assets -€104,410
down €104,410 (-4.4%), from €2.4m to €2.2m
- Cash -€39,279
down €39,279 (-57.5%), from €68,368 to €29,090
mainly Other debts (-€82,000) and Net result for the year (-€39,025)
- Other debts -€82,000
down €82,000 (-27.4%), from €298,898 to €216,898
- Gross operating margin -€27,425
down €27,425 (-27.2%), from €100,745 to €73,320
- Depreciation +€1,672
up €1,672 (+1.6%), from €102,738 to €104,410
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 | €2,529,651 | €2,386,656 | -€142,995 | -5.7% |
| Fixed assets | 21/28 | €2,351,535 | €2,247,125 | -€104,410 | -4.4% |
| Tangible fixed assets | 22/27 | €2,351,535 | €2,247,125 | -€104,410 | -4.4% |
| Land and buildings | 22 | €2,351,535 | €2,247,125 | -€104,410 | -4.4% |
| Current assets | 29/58 | €178,116 | €139,531 | -€38,585 | -21.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,368 | €29,090 | -€39,279 | -57.5% |
| Deferred charges and accrued income | 490/1 | €9,748 | €10,441 | +€693 | +7.1% |
| Total equity and liabilities | 10/49 | €2,529,651 | €2,386,656 | -€142,995 | -5.7% |
| Equity | 10/15 | €1,975,120 | €1,936,095 | -€39,025 | -2.0% |
| Contributions | 10/11 | €1,555,410 | €1,555,410 | = | 0.0% |
| Reserves | 13 | €330,239 | €313,044 | -€17,195 | -5.2% |
| Non-distributable reserves | 130/1 | €47,123 | €47,123 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,123 | €47,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €283,116 | €265,921 | -€17,195 | -6.1% |
| Profit (loss) carried forward | 14 | €89,471 | €67,641 | -€21,830 | -24.4% |
| Provisions and deferred taxes | 16 | €94,372 | €88,640 | -€5,732 | -6.1% |
| Deferred taxes | 168 | €94,372 | €88,640 | -€5,732 | -6.1% |
| Amounts payable | 17/49 | €460,160 | €361,921 | -€98,239 | -21.3% |
| Amounts payable after more than one year | 17 | €135,781 | €116,343 | -€19,438 | -14.3% |
| Financial debts | 170/4 | €135,781 | €116,343 | -€19,438 | -14.3% |
| Amounts payable within one year | 42/48 | €317,994 | €239,193 | -€78,801 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €18,943 | €21,035 | +€2,092 | +11.0% |
| Trade debts | 44 | €153 | €1,260 | +€1,107 | +723.6% |
| Suppliers | 440/4 | €153 | €1,260 | +€1,107 | +723.6% |
| Other amounts payable | 47/48 | €298,898 | €216,898 | -€82,000 | -27.4% |
| Accrued charges and deferred income | 492/3 | €6,385 | €6,385 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,738 | €104,410 | +€1,672 | +1.6% |
| Other operating charges | 640/8 | €10,177 | €10,498 | +€322 | +3.2% |
| Gross operating margin | 9900 | €100,745 | €73,320 | -€27,425 | -27.2% |
| Operating profit (loss) | 9901 | -€12,170 | -€41,588 | -€29,418 | -241.7% |
| Financial income | 75/76B | €276 | €473 | +€197 | +71.4% |
| Recurring financial income | 75 | €276 | €473 | +€197 | +71.4% |
| Financial charges | 65/66B | €4,361 | €3,582 | -€778 | -17.8% |
| Recurring financial charges | 65 | €4,361 | €3,582 | -€778 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,254 | -€44,697 | -€28,443 | -175.0% |
| Transfer from deferred taxes | 780 | €5,732 | €5,732 | = | 0.0% |
| Income taxes | 67/77 | €74 | €59 | -€15 | -20.1% |
| Profit (loss) for the period | 9904 | -€10,597 | -€39,025 | -€28,428 | -268.3% |
| Transfer from tax-exempt reserves | 789 | €17,195 | €17,195 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,598 | -€21,830 | -€28,428 |
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 6 October 2026 via checked.be.