LOVIMA: 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.
LOVIMA
Largest movements
- Tangible fixed assets +€252,862
up €252,862 (+69.0%), from €366,591 to €619,453
of which Land and buildings: +€252,172
- Cash -€232,925
down €232,925 (-88.2%), from €264,071 to €31,146
mainly Investment in fixed assets (net) (-€273,679) and Net result for the year (-€3,058)
- Receivables within one year -€22,000
down €22,000 (-89.0%), from €24,706 to €2,706
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€158,592
down €158,592 (-88.9%), from €178,482 to €19,891
- Depreciation +€5,945
up €5,945 (+40.0%), from €14,872 to €20,817
- Purchases and services +€2,330
up €2,330 (+21.6%), from €10,811 to €13,141
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,459 | €653,411 | -€2,048 | -0.3% |
| Fixed assets | 21/28 | €366,591 | €619,453 | +€252,862 | +69.0% |
| Tangible fixed assets | 22/27 | €366,591 | €619,453 | +€252,862 | +69.0% |
| Land and buildings | 22 | €352,311 | €604,483 | +€252,172 | +71.6% |
| Plant, machinery and equipment | 23 | €13,672 | €14,546 | +€874 | +6.4% |
| Furniture and vehicles | 24 | €608 | €424 | -€185 | -30.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €288,868 | €33,957 | -€254,910 | -88.2% |
| Amounts receivable within one year | 40/41 | €24,706 | €2,706 | -€22,000 | -89.0% |
| Other amounts receivable | 41 | €24,706 | €2,706 | -€22,000 | -89.0% |
| Cash at bank and in hand | 54/58 | €264,071 | €31,146 | -€232,925 | -88.2% |
| Deferred charges and accrued income | 490/1 | €90 | €105 | +€15 | +16.1% |
| Total equity and liabilities | 10/49 | €655,459 | €653,411 | -€2,048 | -0.3% |
| Equity | 10/15 | €576,431 | €573,373 | -€3,058 | -0.5% |
| Contributions | 10/11 | €299,000 | €299,000 | = | 0.0% |
| Capital | 10 | €299,000 | €299,000 | = | 0.0% |
| Issued capital | 100 | €299,000 | €299,000 | = | 0.0% |
| Reserves | 13 | €137,258 | €134,428 | -€2,831 | -2.1% |
| Non-distributable reserves | 130/1 | €18,980 | €18,980 | = | 0.0% |
| Legal reserve | 130 | €18,980 | €18,980 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,278 | €115,448 | -€2,831 | -2.4% |
| Profit (loss) carried forward | 14 | €140,173 | €139,946 | -€227 | -0.2% |
| Provisions and deferred taxes | 16 | €39,426 | €38,483 | -€944 | -2.4% |
| Deferred taxes | 168 | €39,426 | €38,483 | -€944 | -2.4% |
| Amounts payable | 17/49 | €39,601 | €41,555 | +€1,953 | +4.9% |
| Amounts payable within one year | 42/48 | €37,601 | €39,555 | +€1,953 | +5.2% |
| Trade debts | 44 | €70 | €1,337 | +€1,267 | +1809.3% |
| Suppliers | 440/4 | €70 | €1,337 | +€1,267 | +1809.3% |
| Other amounts payable | 47/48 | €37,531 | €38,217 | +€686 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €31,589 | €33,032 | +€1,443 | +4.6% |
| Non-recurring operating income | 76A | €157,705 | - | -€157,705 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,811 | €13,141 | +€2,330 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,872 | €20,817 | +€5,945 | +40.0% |
| Other operating charges | 640/8 | €2,506 | €2,885 | +€379 | +15.1% |
| Gross operating margin | 9900 | €178,482 | €19,891 | -€158,592 | -88.9% |
| Operating profit (loss) | 9901 | €161,104 | -€3,812 | -€164,916 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €225 | €190 | -€35 | -15.5% |
| Recurring financial charges | 65 | €225 | €190 | -€35 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €160,879 | -€4,002 | -€164,880 | |
| Transfer from deferred taxes | 780 | - | €944 | +€944 | |
| Transfer to deferred taxes | 680 | €39,426 | - | -€39,426 | |
| Income taxes | 67/77 | €794 | €0 | -€794 | -100.0% |
| Profit (loss) for the period | 9904 | €120,659 | -€3,058 | -€123,717 | |
| Transfer from tax-exempt reserves | 789 | - | €2,831 | +€2,831 | |
| Transfer to tax-exempt reserves | 689 | €118,278 | - | -€118,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,381 | -€227 | -€2,608 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.