LOVICAR: what changed
What changed
LOVICAR
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€354,917
2024 · €238,586+€116,331
Equity
€26,591
2024 · €26,591
Cash
€294,141
2024 · €105,626+€188,515
Balance sheet total
€418,492
2024 · €273,392+€145,100
Largest movements
Assets
- Cash +€188,515
up €188,515 (+178%), from €105,626 to €294,141
mainly Net result for the year (+€354,917) and Other debts (+€122,237)
- Receivables after one year -€52,347
down €52,347 (-44.3%), from €118,087 to €65,740
- Deferred charges and accrued income +€9,883
up €9,883 (+446%), from €2,217 to €12,100
Equity and liabilities
- Other debts +€122,237
up €122,237 (+52.0%), from €235,000 to €357,237
- Tax, wage and social debts +€21,962
up €21,962 (+208%), from €10,545 to €32,507
of which Taxes: +€21,962
Income statement
- Gross operating margin +€145,137
up €145,137 (+46.2%), from €313,858 to €458,995
- Taxes +€34,591
up €34,591 (+44.8%), from €77,194 to €111,785
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€238,586
Gross operating margin
+€145,137
Depreciation
+€370
Other operating charges
+€2,021
Financial income
+€3,247
Financial charges
+€147
Taxes
-€34,591
Result 2025
€354,917
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€544,333
Investment
-€900
Financing
-€354,917
Cash 2024
€105,626
From operations (derived)
+€544,333
Net result for the year
+€354,917
Depreciation
+€880
Receivables after one year
+€52,347
Receivables within one year
+€971
Deferred charges and accrued income
-€9,883
Trade debts
+€902
Tax, wage and social debts
+€21,962
Other debts
+€122,237
Investment (derived)
-€900
Investment in fixed assets (net)
-€900
Financing
-€354,917
Contributions, distributions and other
-€354,917
Cash 2025
€294,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,392 | €418,492 | +€145,100 | +53.1% |
| Fixed assets | 21/28 | €4,448 | €4,469 | +€20 | +0.5% |
| Tangible fixed assets | 22/27 | €3,948 | €3,969 | +€20 | +0.5% |
| Furniture and vehicles | 24 | €364 | €0 | -€364 | -100% |
| Other tangible fixed assets | 26 | €3,584 | €3,969 | +€384 | +10.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €268,943 | €414,023 | +€145,080 | +53.9% |
| Amounts receivable after more than one year | 29 | €118,087 | €65,740 | -€52,347 | -44.3% |
| Other amounts receivable | 291 | €118,087 | €65,740 | -€52,347 | -44.3% |
| Amounts receivable within one year | 40/41 | €43,014 | €42,043 | -€971 | -2.3% |
| Trade receivables | 40 | €39,680 | €31,700 | -€7,980 | -20.1% |
| Other amounts receivable | 41 | €3,334 | €10,343 | +€7,009 | +210% |
| Cash at bank and in hand | 54/58 | €105,626 | €294,141 | +€188,515 | +178% |
| Deferred charges and accrued income | 490/1 | €2,217 | €12,100 | +€9,883 | +446% |
| Total equity and liabilities | 10/49 | €273,392 | €418,492 | +€145,100 | +53.1% |
| Equity | 10/15 | €26,591 | €26,591 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,991 | €7,991 | = | 0.0% |
| Distributable reserves | 133 | €7,991 | €7,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,801 | €391,901 | +€145,100 | +58.8% |
| Amounts payable within one year | 42/48 | €246,801 | €391,901 | +€145,100 | +58.8% |
| Trade debts | 44 | €1,256 | €2,158 | +€902 | +71.8% |
| Suppliers | 440/4 | €1,256 | €2,158 | +€902 | +71.8% |
| Taxes, remuneration and social security | 45 | €10,545 | €32,507 | +€21,962 | +208% |
| Taxes | 450/3 | €8,045 | €30,007 | +€21,962 | +273% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €235,000 | €357,237 | +€122,237 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €880 | -€370 | -29.6% |
| Other operating charges | 640/8 | €2,650 | €629 | -€2,021 | -76.3% |
| Gross operating margin | 9900 | €313,858 | €458,995 | +€145,137 | +46.2% |
| Operating profit (loss) | 9901 | €309,958 | €457,486 | +€147,528 | +47.6% |
| Financial income | 75/76B | €6,897 | €10,144 | +€3,247 | +47.1% |
| Recurring financial income | 75 | €6,897 | €10,144 | +€3,247 | +47.1% |
| Financial charges | 65/66B | €1,074 | €927 | -€147 | -13.7% |
| Recurring financial charges | 65 | €1,074 | €927 | -€147 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €315,780 | €466,703 | +€150,923 | +47.8% |
| Income taxes | 67/77 | €77,194 | €111,785 | +€34,591 | +44.8% |
| Profit (loss) for the period | 9904 | €238,586 | €354,917 | +€116,331 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €238,586 | €354,917 | +€116,331 | +48.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.