LOVIGAGRI: 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.
LOVIGAGRI
Largest movements
- Cash +€38,747
up €38,747 (+4313.6%), from €898 to €39,645
mainly Net result for the year (+€98,207) and Depreciation (+€42,344)
- Receivables within one year -€21,019
down €21,019 (-91.5%), from €22,983 to €1,965
of which Trade receivables: -€19,957
- Tangible fixed assets +€13,056
up €13,056 (+5.5%), from €236,487 to €249,543
of which Leasing and similar rights: +€19,565
- Intangible fixed assets +€3,420
new in 2025: €3,420
- Reserves +€102,015
up €102,015 (+707.3%), from €14,423 to €116,437
of which Tax-exempt reserves: +€102,015
- Debts after one year -€54,196
down €54,196 (-26.9%), from €201,635 to €147,439
- Provisions +€34,005
new in 2025: €34,005
- Other debts -€23,536
down €23,536 (-26.9%), from €87,631 to €64,096
- Trade debts -€13,043
down €13,043 (-54.1%), from €24,095 to €11,052
- Gross operating margin +€142,315
up €142,315 (+276.1%), from €51,542 to €193,857
- Financial charges +€3,496
up €3,496 (+26.8%), from €13,056 to €16,552
- Depreciation -€2,252
down €2,252 (-5.0%), from €44,596 to €42,344
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 | €263,102 | €297,629 | +€34,526 | +13.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €236,487 | €252,963 | +€16,476 | +7.0% |
| Intangible fixed assets | 21 | - | €3,420 | +€3,420 | |
| Tangible fixed assets | 22/27 | €236,487 | €249,543 | +€13,056 | +5.5% |
| Land and buildings | 22 | €192,450 | €180,000 | -€12,450 | -6.5% |
| Plant, machinery and equipment | 23 | €3,459 | €21,550 | +€18,092 | +523.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | - | €19,565 | +€19,565 | |
| Other tangible fixed assets | 26 | €40,578 | €28,428 | -€12,150 | -29.9% |
| Current assets | 29/58 | €26,616 | €44,666 | +€18,050 | +67.8% |
| Amounts receivable within one year | 40/41 | €22,983 | €1,965 | -€21,019 | -91.5% |
| Trade receivables | 40 | €21,875 | €1,919 | -€19,957 | -91.2% |
| Other amounts receivable | 41 | €1,108 | €46 | -€1,062 | -95.8% |
| Cash at bank and in hand | 54/58 | €898 | €39,645 | +€38,747 | +4313.6% |
| Deferred charges and accrued income | 490/1 | €2,734 | €3,056 | +€322 | +11.8% |
| Total equity and liabilities | 10/49 | €263,102 | €297,629 | +€34,526 | +13.1% |
| Equity | 10/15 | -€82,108 | €16,099 | +€98,207 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,423 | €116,437 | +€102,015 | +707.3% |
| Tax-exempt reserves | 132 | - | €102,015 | +€102,015 | |
| Distributable reserves | 133 | €14,423 | €14,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,131 | -€118,938 | -€3,807 | -3.3% |
| Provisions and deferred taxes | 16 | - | €34,005 | +€34,005 | |
| Deferred taxes | 168 | - | €34,005 | +€34,005 | |
| Amounts payable | 17/49 | €345,211 | €247,525 | -€97,686 | -28.3% |
| Amounts payable after more than one year | 17 | €201,635 | €147,439 | -€54,196 | -26.9% |
| Financial debts | 170/4 | €201,635 | €147,439 | -€54,196 | -26.9% |
| Amounts payable within one year | 42/48 | €143,576 | €100,086 | -€43,490 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €29,345 | €24,603 | -€4,742 | -16.2% |
| Trade debts | 44 | €24,095 | €11,052 | -€13,043 | -54.1% |
| Suppliers | 440/4 | €24,095 | €11,052 | -€13,043 | -54.1% |
| Taxes, remuneration and social security | 45 | €2,505 | €335 | -€2,170 | -86.6% |
| Taxes | 450/3 | €2,505 | €335 | -€2,170 | -86.6% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €87,631 | €64,096 | -€23,536 | -26.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,596 | €42,344 | -€2,252 | -5.0% |
| Other operating charges | 640/8 | €3,010 | €2,506 | -€504 | -16.7% |
| Gross operating margin | 9900 | €51,542 | €193,857 | +€142,315 | +276.1% |
| Operating profit (loss) | 9901 | €3,936 | €149,007 | +€145,071 | +3685.3% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €13,056 | €16,552 | +€3,496 | +26.8% |
| Recurring financial charges | 65 | €13,056 | €16,552 | +€3,496 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,120 | €132,492 | +€141,612 | |
| Transfer from deferred taxes | 780 | - | €1,133 | +€1,133 | |
| Transfer to deferred taxes | 680 | - | €35,137 | +€35,137 | |
| Income taxes | 67/77 | €199 | €280 | +€81 | +40.8% |
| Profit (loss) for the period | 9904 | -€9,318 | €98,207 | +€107,526 | |
| Transfer from tax-exempt reserves | 789 | - | €3,398 | +€3,398 | |
| Transfer to tax-exempt reserves | 689 | - | €105,412 | +€105,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,318 | -€3,807 | +€5,511 | +59.1% |
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 9 October 2026 via checked.be.