LUVERCO: 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.
LUVERCO
Largest movements
- Tangible fixed assets -€45,808
down €45,808 (-11.6%), from €396,463 to €350,654
of which Plant, machinery and equipment: -€31,800
- Receivables within one year +€28,300
up €28,300 (+21.8%), from €129,637 to €157,937
of which Trade receivables: +€23,386
- Debts after one year -€31,366
down €31,366 (-14.1%), from €222,333 to €190,967
- Reserves +€9,953
up €9,953 (+5.0%), from €200,152 to €210,104
of which Distributable reserves: +€9,953
- Trade debts -€7,421
down €7,421 (-5.8%), from €127,918 to €120,497
- Turnover +€1.3m
new in 2025: €1.3m
- Purchases and services -€122,311
down €122,311 (-12.1%), from €1.0m to €891,714
- Taxes -€62,154
down €62,154 (-93.7%), from €66,357 to €4,203
- Gross operating margin -€53,667
down €53,667 (-11.2%), from €480,871 to €427,204
- Staff costs +€26,575
up €26,575 (+9.9%), from €268,388 to €294,962
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 | €619,756 | €600,031 | -€19,724 | -3.2% |
| Fixed assets | 21/28 | €401,922 | €355,613 | -€46,308 | -11.5% |
| Intangible fixed assets | 21 | €2,000 | €1,500 | -€500 | -25.0% |
| Tangible fixed assets | 22/27 | €396,463 | €350,654 | -€45,808 | -11.6% |
| Plant, machinery and equipment | 23 | €314,304 | €282,504 | -€31,800 | -10.1% |
| Furniture and vehicles | 24 | €38,157 | €32,246 | -€5,911 | -15.5% |
| Other tangible fixed assets | 26 | €44,002 | €35,904 | -€8,097 | -18.4% |
| Financial fixed assets | 28 | €3,459 | €3,459 | = | 0.0% |
| Current assets | 29/58 | €217,834 | €244,418 | +€26,584 | +12.2% |
| Stocks and contracts in progress | 3 | €23,966 | €22,171 | -€1,795 | -7.5% |
| Stocks | 30/36 | €23,966 | €22,171 | -€1,795 | -7.5% |
| Amounts receivable within one year | 40/41 | €129,637 | €157,937 | +€28,300 | +21.8% |
| Trade receivables | 40 | €102,499 | €125,885 | +€23,386 | +22.8% |
| Other amounts receivable | 41 | €27,137 | €32,052 | +€4,914 | +18.1% |
| Cash at bank and in hand | 54/58 | €64,231 | €64,310 | +€79 | +0.1% |
| Total equity and liabilities | 10/49 | €619,756 | €600,031 | -€19,724 | -3.2% |
| Equity | 10/15 | €218,752 | €228,704 | +€9,953 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,152 | €210,104 | +€9,953 | +5.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €198,293 | €208,245 | +€9,953 | +5.0% |
| Amounts payable | 17/49 | €401,004 | €371,327 | -€29,677 | -7.4% |
| Amounts payable after more than one year | 17 | €222,333 | €190,967 | -€31,366 | -14.1% |
| Financial debts | 170/4 | €222,333 | €190,967 | -€31,366 | -14.1% |
| Amounts payable within one year | 42/48 | €178,670 | €180,360 | +€1,689 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €27,956 | €31,366 | +€3,410 | +12.2% |
| Trade debts | 44 | €127,918 | €120,497 | -€7,421 | -5.8% |
| Suppliers | 440/4 | €127,918 | €120,497 | -€7,421 | -5.8% |
| Taxes, remuneration and social security | 45 | €18,797 | €24,497 | +€5,700 | +30.3% |
| Remuneration and social security | 454/9 | €18,797 | €24,497 | +€5,700 | +30.3% |
| Other amounts payable | 47/48 | €4,000 | €4,000 | = | 0.0% |
| Turnover | 70 | - | €1,305,623 | +€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,014,025 | €891,714 | -€122,311 | -12.1% |
| Remuneration, social security and pensions | 62 | €268,388 | €294,962 | +€26,575 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,619 | €56,809 | +€9,190 | +19.3% |
| Other operating charges | 640/8 | €2,217 | €2,340 | +€123 | +5.6% |
| Gross operating margin | 9900 | €480,871 | €427,204 | -€53,667 | -11.2% |
| Operating profit (loss) | 9901 | €162,648 | €73,092 | -€89,556 | -55.1% |
| Financial income | 75/76B | €8,101 | €5,916 | -€2,185 | -27.0% |
| Recurring financial income | 75 | €8,101 | €5,916 | -€2,185 | -27.0% |
| Financial charges | 65/66B | €13,233 | €16,852 | +€3,619 | +27.3% |
| Recurring financial charges | 65 | €13,233 | €16,852 | +€3,619 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €157,516 | €62,156 | -€95,360 | -60.5% |
| Income taxes | 67/77 | €66,357 | €4,203 | -€62,154 | -93.7% |
| Profit (loss) for the period | 9904 | €91,158 | €57,953 | -€33,206 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,158 | €57,953 | -€33,206 | -36.4% |
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 19 October 2026 via checked.be.