LOVINOS: 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.
LOVINOS
Largest movements
- Receivables within one year +€27,505
up €27,505 (+57.2%), from €48,061 to €75,566
of which Other amounts receivable: +€27,505
- Receivables after one year -€11,191
down €11,191 (-13.9%), from €80,242 to €69,051
- Reserves +€15,183
up €15,183 (+8.0%), from €190,894 to €206,077
of which Distributable reserves: +€23,315
- Tax, wage and social debts +€3,954
up €3,954 (+103.5%), from €3,820 to €7,774
- Financial income +€1,296
up €1,296 (+41.7%), from €3,106 to €4,403
- Taxes +€1,280
up €1,280 (+13.3%), from €9,601 to €10,880
- Other operating charges +€339
up €339 (+18.4%), from €1,837 to €2,175
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 | €304,941 | €321,817 | +€16,876 | +5.5% |
| Fixed assets | 21/28 | €14,183 | €14,183 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,121 | €14,121 | = | 0.0% |
| Land and buildings | 22 | €14,121 | €14,121 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €290,758 | €307,634 | +€16,876 | +5.8% |
| Amounts receivable after more than one year | 29 | €80,242 | €69,051 | -€11,191 | -13.9% |
| Other amounts receivable | 291 | €80,242 | €69,051 | -€11,191 | -13.9% |
| Amounts receivable within one year | 40/41 | €48,061 | €75,566 | +€27,505 | +57.2% |
| Trade receivables | 40 | €1,170 | €1,170 | = | 0.0% |
| Other amounts receivable | 41 | €46,891 | €74,396 | +€27,505 | +58.7% |
| Cash at bank and in hand | 54/58 | €161,997 | €162,916 | +€918 | +0.6% |
| Deferred charges and accrued income | 490/1 | €458 | €102 | -€356 | -77.8% |
| Total equity and liabilities | 10/49 | €304,941 | €321,817 | +€16,876 | +5.5% |
| Equity | 10/15 | €260,894 | €276,077 | +€15,183 | +5.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €190,894 | €206,077 | +€15,183 | +8.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,679 | €112,547 | -€8,132 | -6.7% |
| Distributable reserves | 133 | €63,215 | €86,530 | +€23,315 | +36.9% |
| Provisions and deferred taxes | 16 | €40,226 | €37,516 | -€2,711 | -6.7% |
| Deferred taxes | 168 | €40,226 | €37,516 | -€2,711 | -6.7% |
| Amounts payable | 17/49 | €3,820 | €8,224 | +€4,404 | +115.3% |
| Amounts payable within one year | 42/48 | €3,820 | €8,224 | +€4,404 | +115.3% |
| Trade debts | 44 | €0 | €450 | +€450 | |
| Suppliers | 440/4 | €0 | €450 | +€450 | |
| Taxes, remuneration and social security | 45 | €3,820 | €7,774 | +€3,954 | +103.5% |
| Taxes | 450/3 | €3,820 | €7,774 | +€3,954 | +103.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,837 | €2,175 | +€339 | +18.4% |
| Gross operating margin | 9900 | €21,319 | €21,163 | -€156 | -0.7% |
| Operating profit (loss) | 9901 | €19,482 | €18,987 | -€495 | -2.5% |
| Financial income | 75/76B | €3,106 | €4,403 | +€1,296 | +41.7% |
| Recurring financial income | 75 | €3,106 | €4,403 | +€1,296 | +41.7% |
| Financial charges | 65/66B | €36 | €37 | +€2 | +4.7% |
| Recurring financial charges | 65 | €36 | €37 | +€2 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €22,553 | €23,353 | +€800 | +3.5% |
| Transfer from deferred taxes | 780 | €1,893 | €2,711 | +€818 | +43.2% |
| Income taxes | 67/77 | €9,601 | €10,880 | +€1,280 | +13.3% |
| Profit (loss) for the period | 9904 | €14,844 | €15,183 | +€338 | +2.3% |
| Transfer from tax-exempt reserves | 789 | €5,678 | €8,132 | +€2,455 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,522 | €23,315 | +€2,793 | +13.6% |
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 11 October 2026 via checked.be.