LUVANCO: 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.
LUVANCO
Largest movements
- Cash +€25,997
up €25,997 (+234.5%), from €11,086 to €37,083
mainly Trade debts (+€31,138) and Debts after one year (+€25,335)
- Tangible fixed assets +€25,446
up €25,446 (+398.9%), from €6,379 to €31,826
of which Furniture and vehicles: +€26,278
- Stocks and contracts +€15,000
new in 2025: €15,000
- Receivables within one year -€12,271
down €12,271 (-46.6%), from €26,316 to €14,045
of which Trade receivables: -€8,041
- Deferred charges and accrued income +€3,281
new in 2025: €3,281
- Trade debts +€31,138
up €31,138 (+227.9%), from €13,661 to €44,799
- Debts after one year +€25,335
new in 2025: €25,335
- Other debts -€6,553
down €6,553 (-72.0%), from €9,100 to €2,547
- Profit (loss) carried forward +€5,905
up €5,905 (+21.7%), from -€27,159 to -€21,254
- Current portion of long-term debt +€1,480
up €1,480 (+35.8%), from €4,136 to €5,615
- Depreciation -€5,995
down €5,995 (-50.1%), from €11,958 to €5,963
- Gross operating margin +€857
up €857 (+4.2%), from €20,609 to €21,466
- Other operating charges +€659
up €659 (+71.5%), from €922 to €1,582
- Financial charges -€429
down €429 (-5.1%), from €8,453 to €8,024
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 | €43,781 | €101,235 | +€57,454 | +131.2% |
| Fixed assets | 21/28 | €6,379 | €31,826 | +€25,446 | +398.9% |
| Tangible fixed assets | 22/27 | €6,379 | €31,826 | +€25,446 | +398.9% |
| Plant, machinery and equipment | 23 | €1,197 | €365 | -€832 | -69.5% |
| Furniture and vehicles | 24 | €5,182 | €31,461 | +€26,278 | +507.1% |
| Current assets | 29/58 | €37,402 | €69,409 | +€32,008 | +85.6% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €26,316 | €14,045 | -€12,271 | -46.6% |
| Trade receivables | 40 | €10,782 | €2,740 | -€8,041 | -74.6% |
| Other amounts receivable | 41 | €15,534 | €11,305 | -€4,229 | -27.2% |
| Cash at bank and in hand | 54/58 | €11,086 | €37,083 | +€25,997 | +234.5% |
| Deferred charges and accrued income | 490/1 | - | €3,281 | +€3,281 | |
| Total equity and liabilities | 10/49 | €43,781 | €101,235 | +€57,454 | +131.2% |
| Equity | 10/15 | €16,884 | €22,789 | +€5,905 | +35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,842 | €37,842 | = | 0.0% |
| Distributable reserves | 133 | €37,842 | €37,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,159 | -€21,254 | +€5,905 | +21.7% |
| Amounts payable | 17/49 | €26,897 | €78,446 | +€51,549 | +191.7% |
| Amounts payable after more than one year | 17 | - | €25,335 | +€25,335 | |
| Financial debts | 170/4 | - | €25,335 | +€25,335 | |
| Amounts payable within one year | 42/48 | €26,897 | €53,049 | +€26,152 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €4,136 | €5,615 | +€1,480 | +35.8% |
| Trade debts | 44 | €13,661 | €44,799 | +€31,138 | +227.9% |
| Suppliers | 440/4 | €13,661 | €44,799 | +€31,138 | +227.9% |
| Taxes, remuneration and social security | 45 | - | €88 | +€88 | |
| Taxes | 450/3 | - | €88 | +€88 | |
| Other amounts payable | 47/48 | €9,100 | €2,547 | -€6,553 | -72.0% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,958 | €5,963 | -€5,995 | -50.1% |
| Other operating charges | 640/8 | €922 | €1,582 | +€659 | +71.5% |
| Gross operating margin | 9900 | €20,609 | €21,466 | +€857 | +4.2% |
| Operating profit (loss) | 9901 | €7,729 | €13,922 | +€6,193 | +80.1% |
| Financial income | 75/76B | €31 | €7 | -€24 | -77.4% |
| Recurring financial income | 75 | €31 | €7 | -€24 | -77.4% |
| Financial charges | 65/66B | €8,453 | €8,024 | -€429 | -5.1% |
| Recurring financial charges | 65 | €8,453 | €8,024 | -€429 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€693 | €5,905 | +€6,598 | |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€693 | €5,905 | +€6,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€693 | €5,905 | +€6,598 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.