LOVIWEL: 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.
LOVIWEL
Largest movements
- Receivables within one year -€7,473
down €7,473 (-71.7%), from €10,427 to €2,954
of which Trade receivables: -€7,774
- Other debts -€7,400
down €7,400 (-7.5%), from €98,527 to €91,127
- Tax, wage and social debts -€1,755
no longer reported in 2024 (was €1,755)
- Trade debts -€1,251
down €1,251 (-33.7%), from €3,715 to €2,465
- Gross operating margin +€6,590
up €6,590 (+5473.2%), from €120 to €6,711
- Other operating charges +€2,599
up €2,599 (+346.1%), from €751 to €3,350
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 | €114,038 | €104,474 | -€9,564 | -8.4% |
| Fixed assets | 21/28 | €1,288 | €747 | -€542 | -42.0% |
| Tangible fixed assets | 22/27 | €1,288 | €747 | -€542 | -42.0% |
| Furniture and vehicles | 24 | €1,288 | €747 | -€542 | -42.0% |
| Current assets | 29/58 | €112,750 | €103,727 | -€9,022 | -8.0% |
| Stocks and contracts in progress | 3 | €97,359 | €97,359 | = | 0.0% |
| Stocks | 30/36 | €97,359 | €97,359 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,427 | €2,954 | -€7,473 | -71.7% |
| Trade receivables | 40 | €10,148 | €2,374 | -€7,774 | -76.6% |
| Other amounts receivable | 41 | €280 | €580 | +€301 | +107.6% |
| Cash at bank and in hand | 54/58 | €3,025 | €2,261 | -€764 | -25.3% |
| Deferred charges and accrued income | 490/1 | €1,939 | €1,153 | -€785 | -40.5% |
| Total equity and liabilities | 10/49 | €114,038 | €104,474 | -€9,564 | -8.4% |
| Equity | 10/15 | €9,660 | €9,887 | +€228 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,016 | €1,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,016 | - | -€1,016 | |
| Reserves not available under the articles | 1311 | €1,016 | - | -€1,016 | |
| Distributable reserves | 133 | - | €1,016 | +€1,016 | |
| Profit (loss) carried forward | 14 | -€9,956 | -€9,729 | +€228 | +2.3% |
| Amounts payable | 17/49 | €104,378 | €94,587 | -€9,792 | -9.4% |
| Amounts payable within one year | 42/48 | €104,248 | €94,457 | -€9,792 | -9.4% |
| Financial debts | 43 | €250 | - | -€250 | |
| Credit institutions | 430/8 | €250 | - | -€250 | |
| Trade debts | 44 | €3,715 | €2,465 | -€1,251 | -33.7% |
| Suppliers | 440/4 | €3,715 | €2,465 | -€1,251 | -33.7% |
| Advances received on contracts in progress | 46 | - | €865 | +€865 | |
| Taxes, remuneration and social security | 45 | €1,755 | - | -€1,755 | |
| Taxes | 450/3 | €1,755 | - | -€1,755 | |
| Other amounts payable | 47/48 | €98,527 | €91,127 | -€7,400 | -7.5% |
| Accrued charges and deferred income | 492/3 | €130 | €130 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €542 | = | 0.0% |
| Other operating charges | 640/8 | €751 | €3,350 | +€2,599 | +346.1% |
| Non-recurring operating charges | 66A | €1,144 | €2,537 | +€1,393 | +121.7% |
| Gross operating margin | 9900 | €120 | €6,711 | +€6,590 | +5473.2% |
| Operating profit (loss) | 9901 | -€2,316 | €282 | +€2,598 | |
| Financial income | 75/76B | €14 | €4 | -€11 | -75.0% |
| Recurring financial income | 75 | €14 | €4 | -€11 | -75.0% |
| Financial charges | 65/66B | €54 | €58 | +€4 | +8.3% |
| Recurring financial charges | 65 | €54 | €58 | +€4 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,356 | €228 | +€2,583 | |
| Profit (loss) for the period | 9904 | -€2,356 | €228 | +€2,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,356 | €228 | +€2,583 |
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 4 October 2026 via checked.be.