Lovisa Belgium: what changed
What changed
Lovisa Belgium
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€588,469
2021 · €275,267+€313,202
Equity
€3.0m
2021 · €2.4m+€588,469
Cash
€818,475
2021 · €716,152+€102,323
Balance sheet total
€4.3m
2021 · €5.7m-€1.3m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-36.2%), from €4.2m to €2.7m
of which Trade receivables: -€1.5m
- Cash +€102,323
up €102,323 (+14.3%), from €716,152 to €818,475
mainly Receivables within one year (+€1.5m) and Net result for the year (+€588,469)
Equity and liabilities
- Trade debts -€1.9m
down €1.9m (-70.3%), from €2.8m to €823,908
- Profit (loss) carried forward +€588,469
up €588,469 (+24.4%), from -€2.4m to -€1.8m
Income statement
- Turnover +€2.9m
up €2.9m (+83.3%), from €3.4m to €6.3m
- Staff costs +€844,665
up €844,665 (+92.5%), from €913,330 to €1.8m
- Goods and materials +€752,180
up €752,180 (+78.1%), from €962,956 to €1.7m
of which Purchases: +€544,083
- Services and other goods +€516,140
up €516,140 (+36.6%), from €1.4m to €1.9m
- Other operating income -€230,720
down €230,720 (-98.3%), from €234,716 to €3,996
Change in the result, 2021 to 2022
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 2021
€275,267
Turnover
+€2.9m
Other operating income
-€230,720
Goods and materials
-€752,180
Services and other goods
-€516,140
Staff costs
-€844,665
Depreciation
-€146,757
Write-downs
+€20,687
Other operating charges
-€6,924
Other operating items
-€27,000
Financial income
+€56,575
Financial charges
-€95,404
Taxes
+€182
Result 2022
€588,469
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€365,682
Investment
-€263,358
Financing
€0
Cash 2021
€716,152
From operations (derived)
+€365,682
Net result for the year
+€588,469
Depreciation
+€208,701
Smaller working-capital items
+€6,260
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€8,146
Trade debts
-€1.9m
Tax, wage and social debts
+€23,886
Other debts
-€13,835
Investment (derived)
-€263,358
Investment in fixed assets (net)
-€263,358
Cash 2022
€818,475
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,654,121 | €4,304,884 | -€1.3m | -23.9% |
| Fixed assets | 21/28 | €455,701 | €510,358 | +€54,657 | +12.0% |
| Tangible fixed assets | 22/27 | €454,923 | €508,860 | +€53,937 | +11.9% |
| Plant, machinery and equipment | 23 | €119 | €20,917 | +€20,798 | +17,414% |
| Furniture and vehicles | 24 | €125,162 | €457,610 | +€332,448 | +266% |
| Other tangible fixed assets | 26 | €3,054 | €3,407 | +€353 | +11.6% |
| Assets under construction and advance payments | 27 | €326,587 | €26,926 | -€299,662 | -91.8% |
| Financial fixed assets | 28 | €778 | €1,499 | +€721 | +92.6% |
| Other financial fixed assets | 284/8 | €778 | €1,499 | +€721 | +92.6% |
| Amounts receivable and cash guarantees | 285/8 | €778 | €1,499 | +€721 | +92.6% |
| Current assets | 29/58 | €5,198,420 | €3,794,526 | -€1.4m | -27.0% |
| Stocks and contracts in progress | 3 | €289,094 | €284,583 | -€4,511 | -1.6% |
| Stocks | 30/36 | €289,094 | €284,583 | -€4,511 | -1.6% |
| Goods purchased for resale | 34 | €289,094 | €284,583 | -€4,511 | -1.6% |
| Amounts receivable within one year | 40/41 | €4,172,228 | €2,662,375 | -€1.5m | -36.2% |
| Trade receivables | 40 | €4,172,228 | €2,635,626 | -€1.5m | -36.8% |
| Other amounts receivable | 41 | - | €26,748 | +€26,748 | |
| Cash at bank and in hand | 54/58 | €716,152 | €818,475 | +€102,323 | +14.3% |
| Deferred charges and accrued income | 490/1 | €20,947 | €29,093 | +€8,146 | +38.9% |
| Total equity and liabilities | 10/49 | €5,654,121 | €4,304,884 | -€1.3m | -23.9% |
| Equity | 10/15 | €2,424,490 | €3,012,959 | +€588,469 | +24.3% |
| Contributions | 10/11 | €4,834,650 | €4,834,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,410,160 | -€1,821,691 | +€588,469 | +24.4% |
| Amounts payable | 17/49 | €3,229,631 | €1,291,925 | -€1.9m | -60.0% |
| Amounts payable within one year | 42/48 | €3,229,631 | €1,291,925 | -€1.9m | -60.0% |
| Trade debts | 44 | €2,773,413 | €823,908 | -€1.9m | -70.3% |
| Suppliers | 440/4 | €2,773,413 | €823,908 | -€1.9m | -70.3% |
| Advances received on contracts in progress | 46 | €4,491 | €6,240 | +€1,749 | +39.0% |
| Taxes, remuneration and social security | 45 | €431,119 | €455,005 | +€23,886 | +5.5% |
| Taxes | 450/3 | €153,031 | €180,207 | +€27,177 | +17.8% |
| Remuneration and social security | 454/9 | €278,088 | €274,797 | -€3,291 | -1.2% |
| Other amounts payable | 47/48 | €20,608 | €6,773 | -€13,835 | -67.1% |
| Operating income | 70/76A | €3,688,365 | €6,286,192 | +€2.6m | +70.4% |
| Turnover | 70 | €3,426,649 | €6,282,196 | +€2.9m | +83.3% |
| Other operating income | 74 | €234,716 | €3,996 | -€230,720 | -98.3% |
| Non-recurring operating income | 76A | €27,000 | - | -€27,000 | |
| Operating charges | 60/66A | €3,378,389 | €5,624,367 | +€2.2m | +66.5% |
| Goods for resale, raw materials and consumables | 60 | €962,956 | €1,715,136 | +€752,180 | +78.1% |
| Purchases | 600/8 | €1,167,600 | €1,711,684 | +€544,083 | +46.6% |
| Change in stocks: decrease (increase) | 609 | -€204,644 | €3,452 | +€208,097 | |
| Services and other goods | 61 | €1,408,801 | €1,924,941 | +€516,140 | +36.6% |
| Remuneration, social security and pensions | 62 | €913,330 | €1,757,995 | +€844,665 | +92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,944 | €208,701 | +€146,757 | +237% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,687 | - | -€20,687 | |
| Other operating charges | 640/8 | €10,670 | €17,594 | +€6,924 | +64.9% |
| Operating profit (loss) | 9901 | €309,976 | €661,825 | +€351,849 | +114% |
| Financial income | 75/76B | €4,408 | €60,983 | +€56,575 | +1,283% |
| Recurring financial income | 75 | €4,408 | €60,983 | +€56,575 | +1,283% |
| Other financial income | 752/9 | €4,408 | €60,983 | +€56,575 | +1,283% |
| Financial charges | 65/66B | €38,935 | €134,339 | +€95,404 | +245% |
| Recurring financial charges | 65 | €38,935 | €104,909 | +€65,974 | +169% |
| Debt charges | 650 | - | €9,245 | +€9,245 | |
| Other financial charges | 652/9 | €38,935 | €95,664 | +€56,729 | +146% |
| Non-recurring financial charges | 66B | - | €29,430 | +€29,430 | |
| Profit (loss) for the period before taxes | 9903 | €275,449 | €588,469 | +€313,019 | +114% |
| Income taxes | 67/77 | €182 | - | -€182 | |
| Taxes | 670/3 | €182 | - | -€182 | |
| Profit (loss) for the period | 9904 | €275,267 | €588,469 | +€313,202 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €275,267 | €588,469 | +€313,202 | +114% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.