LOVEST: 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.
LOVEST
Largest movements
- Receivables within one year +€9,992
up €9,992 (+33.0%), from €30,292 to €40,284
- Tangible fixed assets -€4,783
down €4,783 (-1.2%), from €404,087 to €399,304
- Other debts +€31,833
up €31,833 (+47.5%), from €66,990 to €98,823
- Current portion of long-term debt -€30,000
down €30,000 (-66.7%), from €45,000 to €15,000
- Debts after one year +€15,000
up €15,000 (+6.6%), from €228,750 to €243,750
- Profit (loss) carried forward -€12,121
down €12,121 (-64.7%), from -€18,724 to -€30,846
- Gross operating margin -€14,353
down €14,353 (-71.9%), from €19,959 to €5,606
- Financial charges -€9,894
down €9,894 (-48.0%), from €20,621 to €10,727
- Depreciation -€3,959
down €3,959 (-45.3%), from €8,742 to €4,783
- Other operating charges -€3,322
down €3,322 (-44.6%), from €7,452 to €4,130
- Financial income +€720
up €720 (+60.4%), from €1,192 to €1,912
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 | €437,028 | €442,174 | +€5,146 | +1.2% |
| Fixed assets | 21/28 | €404,087 | €399,304 | -€4,783 | -1.2% |
| Tangible fixed assets | 22/27 | €404,087 | €399,304 | -€4,783 | -1.2% |
| Land and buildings | 22 | €404,087 | €399,304 | -€4,783 | -1.2% |
| Current assets | 29/58 | €32,941 | €42,869 | +€9,929 | +30.1% |
| Amounts receivable within one year | 40/41 | €30,292 | €40,284 | +€9,992 | +33.0% |
| Other amounts receivable | 41 | €30,292 | €40,284 | +€9,992 | +33.0% |
| Cash at bank and in hand | 54/58 | €2,648 | €2,585 | -€64 | -2.4% |
| Total equity and liabilities | 10/49 | €437,028 | €442,174 | +€5,146 | +1.2% |
| Equity | 10/15 | €96,276 | €84,154 | -€12,121 | -12.6% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,724 | -€30,846 | -€12,121 | -64.7% |
| Amounts payable | 17/49 | €340,752 | €358,019 | +€17,267 | +5.1% |
| Amounts payable after more than one year | 17 | €228,750 | €243,750 | +€15,000 | +6.6% |
| Financial debts | 170/4 | €228,750 | €243,750 | +€15,000 | +6.6% |
| Amounts payable within one year | 42/48 | €112,002 | €114,269 | +€2,267 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €15,000 | -€30,000 | -66.7% |
| Trade debts | 44 | €12 | €446 | +€434 | +3618.7% |
| Suppliers | 440/4 | €12 | €446 | +€434 | +3618.7% |
| Other amounts payable | 47/48 | €66,990 | €98,823 | +€31,833 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,742 | €4,783 | -€3,959 | -45.3% |
| Other operating charges | 640/8 | €7,452 | €4,130 | -€3,322 | -44.6% |
| Non-recurring operating charges | 66A | €3,061 | - | -€3,061 | |
| Gross operating margin | 9900 | €19,959 | €5,606 | -€14,353 | -71.9% |
| Operating profit (loss) | 9901 | €705 | -€3,307 | -€4,011 | |
| Financial income | 75/76B | €1,192 | €1,912 | +€720 | +60.4% |
| Recurring financial income | 75 | €1,192 | €1,912 | +€720 | +60.4% |
| Financial charges | 65/66B | €20,621 | €10,727 | -€9,894 | -48.0% |
| Recurring financial charges | 65 | €20,621 | €10,727 | -€9,894 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,724 | -€12,121 | +€6,603 | +35.3% |
| Profit (loss) for the period | 9904 | -€18,724 | -€12,121 | +€6,603 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,724 | -€12,121 | +€6,603 | +35.3% |
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 28 September 2026 via checked.be.