LUVACOR: 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.
LUVACOR
Largest movements
- Tangible fixed assets -€62,814
down €62,814 (-3.3%), from €1.9m to €1.8m
of which Land and buildings: -€44,598
- Cash -€20,425
down €20,425 (-37.7%), from €54,122 to €33,697
mainly Other debts (-€127,692) and Investment in fixed assets (net) (-€13,088)
- Other debts -€127,692
down €127,692 (-30.9%), from €413,467 to €285,776
- Profit (loss) carried forward +€46,393
up €46,393 (+41.8%), from €111,115 to €157,508
- Gross operating margin +€18,711
up €18,711 (+15.2%), from €123,259 to €141,969
- Financial charges +€2,272
up €2,272, from €0 to €2,272
- Taxes +€1,810
up €1,810 (+16.7%), from €10,863 to €12,673
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 | €1,956,845 | €1,869,633 | -€87,212 | -4.5% |
| Fixed assets | 21/28 | €1,888,716 | €1,825,902 | -€62,814 | -3.3% |
| Tangible fixed assets | 22/27 | €1,888,716 | €1,825,902 | -€62,814 | -3.3% |
| Land and buildings | 22 | €1,662,450 | €1,617,852 | -€44,598 | -2.7% |
| Furniture and vehicles | 24 | €25,558 | €7,341 | -€18,217 | -71.3% |
| Other tangible fixed assets | 26 | €200,708 | €200,708 | = | 0.0% |
| Current assets | 29/58 | €68,129 | €43,731 | -€24,398 | -35.8% |
| Cash at bank and in hand | 54/58 | €54,122 | €33,697 | -€20,425 | -37.7% |
| Deferred charges and accrued income | 490/1 | €14,007 | €10,034 | -€3,972 | -28.4% |
| Total equity and liabilities | 10/49 | €1,956,845 | €1,869,633 | -€87,212 | -4.5% |
| Equity | 10/15 | €1,508,559 | €1,548,971 | +€40,412 | +2.7% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €1,312,444 | €1,306,463 | -€5,981 | -0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €92,428 | €86,446 | -€5,981 | -6.5% |
| Distributable reserves | 133 | €1,220,016 | €1,220,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,115 | €157,508 | +€46,393 | +41.8% |
| Provisions and deferred taxes | 16 | €30,809 | €28,815 | -€1,994 | -6.5% |
| Deferred taxes | 168 | €30,809 | €28,815 | -€1,994 | -6.5% |
| Amounts payable | 17/49 | €417,476 | €291,847 | -€125,630 | -30.1% |
| Amounts payable within one year | 42/48 | €414,532 | €288,713 | -€125,819 | -30.4% |
| Trade debts | 44 | €202 | €264 | +€62 | +30.9% |
| Suppliers | 440/4 | €202 | €264 | +€62 | +30.9% |
| Taxes, remuneration and social security | 45 | €863 | €2,673 | +€1,810 | +209.8% |
| Taxes | 450/3 | €863 | €2,673 | +€1,810 | +209.8% |
| Other amounts payable | 47/48 | €413,467 | €285,776 | -€127,692 | -30.9% |
| Accrued charges and deferred income | 492/3 | €2,944 | €3,134 | +€189 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,412 | €75,902 | +€490 | +0.7% |
| Other operating charges | 640/8 | €12,146 | €12,704 | +€558 | +4.6% |
| Non-recurring operating charges | 66A | €1,582 | €0 | -€1,582 | -100.0% |
| Gross operating margin | 9900 | €123,259 | €141,969 | +€18,711 | +15.2% |
| Operating profit (loss) | 9901 | €34,119 | €53,363 | +€19,245 | +56.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €2,272 | +€2,272 | |
| Recurring financial charges | 65 | €0 | €2,272 | +€2,272 | |
| Profit (loss) for the period before taxes | 9903 | €34,119 | €51,091 | +€16,972 | +49.7% |
| Transfer from deferred taxes | 780 | €1,994 | €1,994 | = | 0.0% |
| Income taxes | 67/77 | €10,863 | €12,673 | +€1,810 | +16.7% |
| Profit (loss) for the period | 9904 | €25,250 | €40,412 | +€15,162 | +60.0% |
| Transfer from tax-exempt reserves | 789 | €5,981 | €5,981 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,231 | €46,393 | +€15,162 | +48.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.