LOVIAS: 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.
LOVIAS
Largest movements
- Receivables within one year -€244,311
down €244,311 (-96.7%), from €252,561 to €8,250
of which Other amounts receivable: -€244,311
- Deferred charges and accrued income -€182,771
down €182,771 (-69.6%), from €262,547 to €79,776
- Tangible fixed assets +€142,701
up €142,701 (+4.5%), from €3.2m to €3.3m
of which Land and buildings: +€152,662
- Other debts -€341,042
down €341,042 (-76.1%), from €447,966 to €106,924
- Debts after one year +€212,385
up €212,385 (+10.7%), from €2.0m to €2.2m
- Profit (loss) carried forward -€102,953
new in 2025: -€102,953
- Financial income -€173,856
down €173,856 (-65.7%), from €264,700 to €90,844
of which Financial income: -€181,119
- Depreciation -€37,103
down €37,103 (-18.9%), from €196,476 to €159,373
- Gross operating margin +€35,628
up €35,628 (+216.2%), from €16,483 to €52,110
- Taxes -€3,062
no longer reported in 2025 (was €3,062)
- Other operating charges -€1,861
down €1,861 (-26.1%), from €7,129 to €5,268
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 | €3,761,340 | €3,463,089 | -€298,251 | -7.9% |
| Fixed assets | 21/28 | €3,199,210 | €3,341,362 | +€142,152 | +4.4% |
| Intangible fixed assets | 21 | €1,187 | €637 | -€550 | -46.3% |
| Tangible fixed assets | 22/27 | €3,188,024 | €3,330,725 | +€142,701 | +4.5% |
| Land and buildings | 22 | €3,135,908 | €3,288,570 | +€152,662 | +4.9% |
| Plant, machinery and equipment | 23 | €11,688 | €16,608 | +€4,920 | +42.1% |
| Furniture and vehicles | 24 | €40,427 | €25,547 | -€14,881 | -36.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €562,130 | €121,727 | -€440,403 | -78.3% |
| Amounts receivable within one year | 40/41 | €252,561 | €8,250 | -€244,311 | -96.7% |
| Trade receivables | 40 | €8,250 | €8,250 | = | 0.0% |
| Other amounts receivable | 41 | €244,311 | - | -€244,311 | |
| Cash at bank and in hand | 54/58 | €47,022 | €33,701 | -€13,321 | -28.3% |
| Deferred charges and accrued income | 490/1 | €262,547 | €79,776 | -€182,771 | -69.6% |
| Total equity and liabilities | 10/49 | €3,761,340 | €3,463,089 | -€298,251 | -7.9% |
| Equity | 10/15 | €1,101,792 | €972,037 | -€129,755 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,083,192 | €1,056,390 | -€26,802 | -2.5% |
| Non-distributable reserves | 130/1 | €13,920 | €13,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,920 | €13,920 | = | 0.0% |
| Distributable reserves | 133 | €1,069,272 | €1,042,470 | -€26,802 | -2.5% |
| Profit (loss) carried forward | 14 | - | -€102,953 | -€102,953 | |
| Amounts payable | 17/49 | €2,659,548 | €2,491,052 | -€168,496 | -6.3% |
| Amounts payable after more than one year | 17 | €1,980,377 | €2,192,762 | +€212,385 | +10.7% |
| Financial debts | 170/4 | €1,980,377 | €2,192,762 | +€212,385 | +10.7% |
| Amounts payable within one year | 42/48 | €664,581 | €288,218 | -€376,362 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €175,563 | €154,176 | -€21,387 | -12.2% |
| Trade debts | 44 | €8,807 | €23,694 | +€14,888 | +169.1% |
| Suppliers | 440/4 | €8,807 | €23,694 | +€14,888 | +169.1% |
| Taxes, remuneration and social security | 45 | €32,245 | €3,424 | -€28,821 | -89.4% |
| Taxes | 450/3 | €32,245 | €3,424 | -€28,821 | -89.4% |
| Other amounts payable | 47/48 | €447,966 | €106,924 | -€341,042 | -76.1% |
| Accrued charges and deferred income | 492/3 | €14,590 | €10,072 | -€4,518 | -31.0% |
| Non-recurring operating income | 76A | €150 | - | -€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,476 | €159,373 | -€37,103 | -18.9% |
| Other operating charges | 640/8 | €7,129 | €5,268 | -€1,861 | -26.1% |
| Non-recurring operating charges | 66A | €580 | €60,293 | +€59,713 | +10295.4% |
| Gross operating margin | 9900 | €16,483 | €52,110 | +€35,628 | +216.2% |
| Operating profit (loss) | 9901 | -€187,702 | -€172,824 | +€14,879 | +7.9% |
| Financial income | 75/76B | €264,700 | €90,844 | -€173,856 | -65.7% |
| Recurring financial income | 75 | €264,700 | €83,581 | -€181,119 | -68.4% |
| Non-recurring financial income | 76B | - | €7,263 | +€7,263 | |
| Financial charges | 65/66B | €46,759 | €47,775 | +€1,016 | +2.2% |
| Recurring financial charges | 65 | €46,759 | €47,318 | +€559 | +1.2% |
| Non-recurring financial charges | 66B | - | €457 | +€457 | |
| Profit (loss) for the period before taxes | 9903 | €30,239 | -€129,755 | -€159,993 | |
| Income taxes | 67/77 | €3,062 | - | -€3,062 | |
| Profit (loss) for the period | 9904 | €27,176 | -€129,755 | -€156,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,176 | -€129,755 | -€156,931 |
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 5 October 2026 via checked.be.