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
- Receivables within one year +€59,780
up €59,780 (+76.0%), from €78,700 to €138,480
of which Trade receivables: +€59,780
- Cash -€37,543
down €37,543 (-65.6%), from €57,239 to €19,696
mainly Debts after one year (-€63,630) and Receivables within one year (-€59,780)
- Tangible fixed assets -€19,025
down €19,025 (-25.4%), from €74,980 to €55,955
- Reserves +€72,775
up €72,775 (+29.0%), from €250,776 to €323,551
- Debts after one year -€63,630
down €63,630 (-58.4%), from €108,989 to €45,359
- Accrued charges and deferred income -€7,662
down €7,662 (-95.0%), from €8,062 to €400
- Current portion of long-term debt -€7,354
down €7,354 (-21.2%), from €34,758 to €27,405
- Other debts +€6,067
up €6,067 (+236%), from €2,566 to €8,633
- Gross operating margin +€18,673
up €18,673 (+15.1%), from €123,441 to €142,115
- Taxes +€9,727
up €9,727 (+38.5%), from €25,264 to €34,992
- Financial charges -€2,055
down €2,055 (-28.9%), from €7,104 to €5,049
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 | €437,323 | €440,537 | +€3,215 | +0.7% |
| Fixed assets | 21/28 | €301,250 | €282,225 | -€19,025 | -6.3% |
| Tangible fixed assets | 22/27 | €74,980 | €55,955 | -€19,025 | -25.4% |
| Furniture and vehicles | 24 | €74,980 | €55,955 | -€19,025 | -25.4% |
| Financial fixed assets | 28 | €226,270 | €226,270 | = | 0.0% |
| Current assets | 29/58 | €136,072 | €158,312 | +€22,240 | +16.3% |
| Amounts receivable within one year | 40/41 | €78,700 | €138,480 | +€59,780 | +76.0% |
| Trade receivables | 40 | €7,500 | €67,280 | +€59,780 | +797% |
| Other amounts receivable | 41 | €71,200 | €71,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,239 | €19,696 | -€37,543 | -65.6% |
| Deferred charges and accrued income | 490/1 | €133 | €136 | +€3 | +2.2% |
| Total equity and liabilities | 10/49 | €437,323 | €440,537 | +€3,215 | +0.7% |
| Equity | 10/15 | €255,776 | €328,551 | +€72,775 | +28.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,776 | €323,551 | +€72,775 | +29.0% |
| Distributable reserves | 133 | €250,776 | €323,551 | +€72,775 | +29.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €181,547 | €111,986 | -€69,561 | -38.3% |
| Amounts payable after more than one year | 17 | €108,989 | €45,359 | -€63,630 | -58.4% |
| Financial debts | 170/4 | €108,989 | €45,359 | -€63,630 | -58.4% |
| Amounts payable within one year | 42/48 | €64,496 | €66,227 | +€1,732 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €34,758 | €27,405 | -€7,354 | -21.2% |
| Financial debts | 43 | - | €3,789 | +€3,789 | |
| Credit institutions | 430/8 | - | €3,789 | +€3,789 | |
| Trade debts | 44 | €978 | €6,256 | +€5,278 | +540% |
| Suppliers | 440/4 | €978 | €6,256 | +€5,278 | +540% |
| Taxes, remuneration and social security | 45 | €26,194 | €20,145 | -€6,049 | -23.1% |
| Taxes | 450/3 | €26,194 | €20,145 | -€6,049 | -23.1% |
| Other amounts payable | 47/48 | €2,566 | €8,633 | +€6,067 | +236% |
| Accrued charges and deferred income | 492/3 | €8,062 | €400 | -€7,662 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,025 | €19,025 | +€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €123,441 | €142,115 | +€18,673 | +15.1% |
| Operating profit (loss) | 9901 | €103,888 | €122,546 | +€18,657 | +18.0% |
| Financial income | 75/76B | €0 | €270 | +€270 | +2,699,100% |
| Recurring financial income | 75 | €0 | €270 | +€270 | +2,699,100% |
| Financial charges | 65/66B | €7,104 | €5,049 | -€2,055 | -28.9% |
| Recurring financial charges | 65 | €7,104 | €5,049 | -€2,055 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €96,785 | €117,767 | +€20,982 | +21.7% |
| Income taxes | 67/77 | €25,264 | €34,992 | +€9,727 | +38.5% |
| Profit (loss) for the period | 9904 | €71,520 | €82,775 | +€11,255 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,520 | €82,775 | +€11,255 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.