LUVA: 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.
LUVA
Largest movements
- Cash -€68,711
down €68,711 (-34.0%), from €202,305 to €133,594
mainly Contributions, distributions and other (-€118,175) and Other debts (-€14,694)
- Tangible fixed assets -€10,961
down €10,961 (-45.6%), from €24,043 to €13,082
- Receivables within one year +€2,721
up €2,721 (+15.4%), from €17,637 to €20,358
of which Trade receivables: +€2,721
- Deferred charges and accrued income -€2,620
down €2,620 (-59.8%), from €4,379 to €1,760
- Reserves -€75,358
down €75,358 (-39.9%), from €189,100 to €113,742
- Other debts -€14,694
down €14,694 (-92.3%), from €15,917 to €1,224
- Tax, wage and social debts +€13,567
up €13,567 (+90.3%), from €15,030 to €28,598
of which Taxes: +€18,504
- Debts after one year -€5,806
down €5,806 (-56.7%), from €10,232 to €4,426
- Trade debts +€2,744
up €2,744 (+110%), from €2,505 to €5,249
- Gross operating margin +€16,667
up €16,667 (+30.0%), from €55,524 to €72,191
- Depreciation -€9,886
down €9,886 (-47.4%), from €20,846 to €10,961
- Taxes +€8,011
up €8,011 (+84.2%), from €9,514 to €17,525
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.
Derived cash bridge
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 | €248,614 | €169,044 | -€79,570 | -32.0% |
| Fixed assets | 21/28 | €24,293 | €13,332 | -€10,961 | -45.1% |
| Tangible fixed assets | 22/27 | €24,043 | €13,082 | -€10,961 | -45.6% |
| Furniture and vehicles | 24 | €24,043 | €13,082 | -€10,961 | -45.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €224,321 | €155,712 | -€68,609 | -30.6% |
| Amounts receivable within one year | 40/41 | €17,637 | €20,358 | +€2,721 | +15.4% |
| Trade receivables | 40 | €17,151 | €19,872 | +€2,721 | +15.9% |
| Other amounts receivable | 41 | €486 | €486 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €202,305 | €133,594 | -€68,711 | -34.0% |
| Deferred charges and accrued income | 490/1 | €4,379 | €1,760 | -€2,620 | -59.8% |
| Total equity and liabilities | 10/49 | €248,614 | €169,044 | -€79,570 | -32.0% |
| Equity | 10/15 | €199,100 | €123,742 | -€75,358 | -37.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €189,100 | €113,742 | -€75,358 | -39.9% |
| Distributable reserves | 133 | €189,100 | €113,742 | -€75,358 | -39.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,514 | €45,302 | -€4,212 | -8.5% |
| Amounts payable after more than one year | 17 | €10,232 | €4,426 | -€5,806 | -56.7% |
| Financial debts | 170/4 | €10,232 | €4,426 | -€5,806 | -56.7% |
| Amounts payable within one year | 42/48 | €39,152 | €40,876 | +€1,724 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €5,699 | €5,806 | +€107 | +1.9% |
| Trade debts | 44 | €2,505 | €5,249 | +€2,744 | +110% |
| Suppliers | 440/4 | €2,505 | €5,249 | +€2,744 | +110% |
| Taxes, remuneration and social security | 45 | €15,030 | €28,598 | +€13,567 | +90.3% |
| Taxes | 450/3 | €10,094 | €28,598 | +€18,504 | +183% |
| Remuneration and social security | 454/9 | €4,936 | €0 | -€4,936 | -100% |
| Other amounts payable | 47/48 | €15,917 | €1,224 | -€14,694 | -92.3% |
| Accrued charges and deferred income | 492/3 | €130 | €0 | -€130 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,846 | €10,961 | -€9,886 | -47.4% |
| Other operating charges | 640/8 | €599 | €571 | -€27 | -4.6% |
| Gross operating margin | 9900 | €55,524 | €72,191 | +€16,667 | +30.0% |
| Operating profit (loss) | 9901 | €34,079 | €60,659 | +€26,580 | +78.0% |
| Financial income | 75/76B | €3 | €3 | +€0 | +0.7% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +0.7% |
| Financial charges | 65/66B | €444 | €320 | -€123 | -27.8% |
| Recurring financial charges | 65 | €444 | €320 | -€123 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €33,638 | €60,341 | +€26,703 | +79.4% |
| Income taxes | 67/77 | €9,514 | €17,525 | +€8,011 | +84.2% |
| Profit (loss) for the period | 9904 | €24,124 | €42,817 | +€18,692 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,124 | €42,817 | +€18,692 | +77.5% |
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 24 October 2026 via checked.be.