Lovial: 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.
Lovial
Largest movements
- Receivables within one year +€6,797
up €6,797 (+31.9%), from €21,304 to €28,101
- Tangible fixed assets -€4,986
down €4,986 (-24.1%), from €20,694 to €15,709
of which Other tangible fixed assets: -€4,782
- Cash -€4,623
down €4,623 (-15.1%), from €30,518 to €25,895
mainly Other debts (-€20,258) and Receivables within one year (-€6,797)
- Intangible fixed assets -€1,500
down €1,500 (-23.1%), from €6,492 to €4,992
- Other debts -€20,258
down €20,258 (-92.2%), from €21,961 to €1,703
- Reserves +€15,599
up €15,599 (+30.1%), from €51,856 to €67,455
- Gross operating margin -€11,216
down €11,216 (-27.8%), from €40,295 to €29,079
- Taxes -€2,406
down €2,406 (-31.8%), from €7,578 to €5,172
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 | €80,232 | €75,948 | -€4,284 | -5.3% |
| Fixed assets | 21/28 | €27,436 | €20,950 | -€6,486 | -23.6% |
| Intangible fixed assets | 21 | €6,492 | €4,992 | -€1,500 | -23.1% |
| Tangible fixed assets | 22/27 | €20,694 | €15,709 | -€4,986 | -24.1% |
| Plant, machinery and equipment | 23 | €975 | €771 | -€204 | -20.9% |
| Other tangible fixed assets | 26 | €19,719 | €14,937 | -€4,782 | -24.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €52,796 | €54,998 | +€2,202 | +4.2% |
| Amounts receivable within one year | 40/41 | €21,304 | €28,101 | +€6,797 | +31.9% |
| Other amounts receivable | 41 | €21,304 | €28,101 | +€6,797 | +31.9% |
| Cash at bank and in hand | 54/58 | €30,518 | €25,895 | -€4,623 | -15.1% |
| Deferred charges and accrued income | 490/1 | €973 | €1,002 | +€29 | +3.0% |
| Total equity and liabilities | 10/49 | €80,232 | €75,948 | -€4,284 | -5.3% |
| Equity | 10/15 | €56,856 | €72,455 | +€15,599 | +27.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,856 | €67,455 | +€15,599 | +30.1% |
| Distributable reserves | 133 | €51,856 | €67,455 | +€15,599 | +30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,376 | €3,493 | -€19,883 | -85.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,376 | €3,493 | -€19,883 | -85.1% |
| Trade debts | 44 | €1,415 | €1,790 | +€375 | +26.5% |
| Suppliers | 440/4 | €1,415 | €1,790 | +€375 | +26.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,961 | €1,703 | -€20,258 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,325 | €6,486 | +€161 | +2.5% |
| Other operating charges | 640/8 | €1,436 | €1,470 | +€34 | +2.4% |
| Gross operating margin | 9900 | €40,295 | €29,079 | -€11,216 | -27.8% |
| Operating profit (loss) | 9901 | €32,534 | €21,123 | -€11,411 | -35.1% |
| Financial income | 75/76B | €0 | €46 | +€46 | |
| Recurring financial income | 75 | €0 | €46 | +€46 | |
| Financial charges | 65/66B | €371 | €398 | +€27 | +7.3% |
| Recurring financial charges | 65 | €371 | €398 | +€27 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €32,163 | €20,771 | -€11,392 | -35.4% |
| Income taxes | 67/77 | €7,578 | €5,172 | -€2,406 | -31.8% |
| Profit (loss) for the period | 9904 | €24,585 | €15,599 | -€8,986 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,585 | €15,599 | -€8,986 | -36.6% |
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 10 October 2026 via checked.be.