Lovic Projects: 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.
Lovic Projects
Largest movements
- Cash +€12,836
up €12,836 (+39.8%), from €32,265 to €45,101
mainly Net result for the year (+€17,533) and Depreciation (+€7,577)
- Tangible fixed assets -€7,577
down €7,577 (-4.6%), from €166,271 to €158,694
of which Land and buildings: -€7,577
- Reserves +€17,533
up €17,533 (+6.3%), from €278,900 to €296,432
of which Distributable reserves: +€17,533
- Debts after one year -€14,133
down €14,133 (-26.1%), from €54,178 to €40,045
- Financial charges -€1,560
down €1,560 (-40.8%), from €3,829 to €2,268
- Gross operating margin +€1,127
up €1,127 (+3.2%), from €35,719 to €36,845
- Other operating charges +€899
up €899 (+25.2%), from €3,569 to €4,468
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 | €474,536 | €479,795 | +€5,259 | +1.1% |
| Fixed assets | 21/28 | €166,271 | €158,694 | -€7,577 | -4.6% |
| Tangible fixed assets | 22/27 | €166,271 | €158,694 | -€7,577 | -4.6% |
| Land and buildings | 22 | €160,954 | €153,377 | -€7,577 | -4.7% |
| Plant, machinery and equipment | 23 | €5,317 | €5,317 | = | 0.0% |
| Current assets | 29/58 | €308,265 | €321,101 | +€12,836 | +4.2% |
| Amounts receivable within one year | 40/41 | €276,000 | €276,000 | = | 0.0% |
| Other amounts receivable | 41 | €276,000 | €276,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,265 | €45,101 | +€12,836 | +39.8% |
| Total equity and liabilities | 10/49 | €474,536 | €479,795 | +€5,259 | +1.1% |
| Equity | 10/15 | €342,180 | €359,712 | +€17,533 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €278,900 | €296,432 | +€17,533 | +6.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €272,700 | €290,232 | +€17,533 | +6.4% |
| Profit (loss) carried forward | 14 | €1,280 | €1,280 | = | 0.0% |
| Amounts payable | 17/49 | €132,356 | €120,082 | -€12,274 | -9.3% |
| Amounts payable after more than one year | 17 | €54,178 | €40,045 | -€14,133 | -26.1% |
| Financial debts | 170/4 | €54,178 | €40,045 | -€14,133 | -26.1% |
| Amounts payable within one year | 42/48 | €78,178 | €80,037 | +€1,860 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €14,133 | €14,133 | = | 0.0% |
| Trade debts | 44 | €31,285 | €31,285 | = | 0.0% |
| Suppliers | 440/4 | €31,285 | €31,285 | = | 0.0% |
| Advances received on contracts in progress | 46 | €13,359 | €13,359 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,140 | €10,000 | +€1,860 | +22.8% |
| Taxes | 450/3 | €8,140 | €10,000 | +€1,860 | +22.8% |
| Other amounts payable | 47/48 | €11,260 | €11,260 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,577 | €7,577 | = | 0.0% |
| Other operating charges | 640/8 | €3,569 | €4,468 | +€899 | +25.2% |
| Gross operating margin | 9900 | €35,719 | €36,845 | +€1,127 | +3.2% |
| Operating profit (loss) | 9901 | €24,573 | €24,801 | +€228 | +0.9% |
| Financial charges | 65/66B | €3,829 | €2,268 | -€1,560 | -40.8% |
| Recurring financial charges | 65 | €3,829 | €2,268 | -€1,560 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €20,744 | €22,533 | +€1,789 | +8.6% |
| Income taxes | 67/77 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €15,744 | €17,533 | +€1,789 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,744 | €17,533 | +€1,789 | +11.4% |
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 1 October 2026 via checked.be.