LOVICO: 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.
LOVICO
Largest movements
- Receivables within one year +€12,207
up €12,207 (+110.0%), from €11,097 to €23,305
of which Trade receivables: +€12,415
- Tangible fixed assets +€9,218
up €9,218 (+398.5%), from €2,313 to €11,531
of which Plant, machinery and equipment: +€5,940
- Cash +€4,046
up €4,046 (+11.3%), from €35,673 to €39,718
mainly Net result for the year (+€22,283) and Tax, wage and social debts (+€2,922)
- Deferred charges and accrued income -€1,292
down €1,292 (-59.0%), from €2,190 to €898
- Profit (loss) carried forward +€22,283
up €22,283 (+85.8%), from €25,962 to €48,246
- Tax, wage and social debts +€2,922
up €2,922 (+17.3%), from €16,911 to €19,833
- Trade debts -€1,276
down €1,276 (-58.0%), from €2,200 to €924
- Gross operating margin +€5,126
up €5,126 (+17.4%), from €29,416 to €34,542
- Depreciation +€1,383
up €1,383 (+246.4%), from €561 to €1,944
- Taxes +€977
up €977 (+15.3%), from €6,396 to €7,373
- Financial charges +€459
up €459 (+19.9%), from €2,302 to €2,761
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 | €51,273 | €75,452 | +€24,178 | +47.2% |
| Fixed assets | 21/28 | €2,313 | €11,531 | +€9,218 | +398.5% |
| Tangible fixed assets | 22/27 | €2,313 | €11,531 | +€9,218 | +398.5% |
| Plant, machinery and equipment | 23 | - | €5,940 | +€5,940 | |
| Furniture and vehicles | 24 | €2,313 | €5,591 | +€3,278 | +141.7% |
| Current assets | 29/58 | €48,960 | €63,921 | +€14,960 | +30.6% |
| Amounts receivable within one year | 40/41 | €11,097 | €23,305 | +€12,207 | +110.0% |
| Trade receivables | 40 | €10,890 | €23,305 | +€12,415 | +114.0% |
| Other amounts receivable | 41 | €207 | - | -€207 | |
| Cash at bank and in hand | 54/58 | €35,673 | €39,718 | +€4,046 | +11.3% |
| Deferred charges and accrued income | 490/1 | €2,190 | €898 | -€1,292 | -59.0% |
| Total equity and liabilities | 10/49 | €51,273 | €75,452 | +€24,178 | +47.2% |
| Equity | 10/15 | €32,162 | €54,446 | +€22,283 | +69.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,962 | €48,246 | +€22,283 | +85.8% |
| Amounts payable | 17/49 | €19,111 | €21,006 | +€1,895 | +9.9% |
| Amounts payable within one year | 42/48 | €19,111 | €21,006 | +€1,895 | +9.9% |
| Trade debts | 44 | €2,200 | €924 | -€1,276 | -58.0% |
| Suppliers | 440/4 | €2,200 | €924 | -€1,276 | -58.0% |
| Taxes, remuneration and social security | 45 | €16,911 | €19,833 | +€2,922 | +17.3% |
| Taxes | 450/3 | €16,911 | €19,833 | +€2,922 | +17.3% |
| Other amounts payable | 47/48 | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €1,944 | +€1,383 | +246.4% |
| Other operating charges | 640/8 | €121 | €190 | +€69 | +56.9% |
| Gross operating margin | 9900 | €29,416 | €34,542 | +€5,126 | +17.4% |
| Operating profit (loss) | 9901 | €28,734 | €32,408 | +€3,674 | +12.8% |
| Financial income | 75/76B | €5 | €10 | +€5 | +92.3% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +92.3% |
| Financial charges | 65/66B | €2,302 | €2,761 | +€459 | +19.9% |
| Recurring financial charges | 65 | €2,302 | €2,761 | +€459 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €26,437 | €29,656 | +€3,219 | +12.2% |
| Income taxes | 67/77 | €6,396 | €7,373 | +€977 | +15.3% |
| Profit (loss) for the period | 9904 | €20,041 | €22,283 | +€2,243 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,041 | €22,283 | +€2,243 | +11.2% |
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 4 October 2026 via checked.be.