LUVAN: 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.
LUVAN
Largest movements
- Cash +€18,883
up €18,883 (+14.0%), from €135,022 to €153,905
mainly Net result for the year (+€35,189) and Other debts (+€26,285)
- Receivables within one year +€15,684
up €15,684 (+577.3%), from €2,717 to €18,401
of which Other amounts receivable: +€14,433
- Tangible fixed assets -€8,885
down €8,885 (-5.8%), from €154,115 to €145,230
- Other debts +€26,285
up €26,285 (+51.4%), from €51,161 to €77,446
- Gross operating margin +€18,836
up €18,836 (+43.1%), from €43,708 to €62,544
- Depreciation -€9,836
down €9,836 (-52.5%), from €18,722 to €8,885
- Taxes +€7,855
up €7,855 (+147.2%), from €5,336 to €13,191
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 | €342,355 | €368,070 | +€25,716 | +7.5% |
| Fixed assets | 21/28 | €154,115 | €145,230 | -€8,885 | -5.8% |
| Tangible fixed assets | 22/27 | €154,115 | €145,230 | -€8,885 | -5.8% |
| Land and buildings | 22 | €154,115 | €145,230 | -€8,885 | -5.8% |
| Current assets | 29/58 | €188,239 | €222,840 | +€34,601 | +18.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 290 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €2,717 | €18,401 | +€15,684 | +577.3% |
| Trade receivables | 40 | - | €1,251 | +€1,251 | |
| Other amounts receivable | 41 | €2,717 | €17,150 | +€14,433 | +531.2% |
| Cash at bank and in hand | 54/58 | €135,022 | €153,905 | +€18,883 | +14.0% |
| Deferred charges and accrued income | 490/1 | €501 | €534 | +€33 | +6.6% |
| Total equity and liabilities | 10/49 | €342,355 | €368,070 | +€25,716 | +7.5% |
| Equity | 10/15 | €260,458 | €259,932 | -€525 | -0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €138,224 | €137,698 | -€525 | -0.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €94,840 | €94,314 | -€525 | -0.6% |
| Profit (loss) carried forward | 14 | €60,234 | €60,234 | = | 0.0% |
| Amounts payable | 17/49 | €81,897 | €108,138 | +€26,241 | +32.0% |
| Amounts payable within one year | 42/48 | €79,338 | €107,288 | +€27,949 | +35.2% |
| Trade debts | 44 | €387 | €601 | +€214 | +55.3% |
| Suppliers | 440/4 | €387 | €601 | +€214 | +55.3% |
| Taxes, remuneration and social security | 45 | €27,790 | €29,241 | +€1,451 | +5.2% |
| Taxes | 450/3 | €27,790 | €29,241 | +€1,451 | +5.2% |
| Other amounts payable | 47/48 | €51,161 | €77,446 | +€26,285 | +51.4% |
| Accrued charges and deferred income | 492/3 | €2,559 | €850 | -€1,709 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,722 | €8,885 | -€9,836 | -52.5% |
| Other operating charges | 640/8 | €4,827 | €5,118 | +€291 | +6.0% |
| Gross operating margin | 9900 | €43,708 | €62,544 | +€18,836 | +43.1% |
| Operating profit (loss) | 9901 | €20,160 | €48,541 | +€28,381 | +140.8% |
| Financial charges | 65/66B | €167 | €161 | -€6 | -3.3% |
| Recurring financial charges | 65 | €167 | €161 | -€6 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €19,993 | €48,380 | +€28,387 | +142.0% |
| Income taxes | 67/77 | €5,336 | €13,191 | +€7,855 | +147.2% |
| Profit (loss) for the period | 9904 | €14,657 | €35,189 | +€20,532 | +140.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,657 | €35,189 | +€20,532 | +140.1% |
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 28 September 2026 via checked.be.