LUVIA: 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.
LUVIA
Largest movements
- Tangible fixed assets +€33,077
up €33,077 (+838%), from €3,948 to €37,025
- Financial fixed assets +€21,250
up €21,250 (+18.6%), from €114,000 to €135,250
- Receivables within one year -€5,391
down €5,391 (-23.1%), from €23,291 to €17,900
of which Trade receivables: -€5,472
- Reserves +€33,759
up €33,759 (+35.1%), from €96,247 to €130,006
- Debts after one year +€17,000
up €17,000 (+48.6%), from €35,000 to €52,000
- Gross operating margin -€14,677
down €14,677 (-21.3%), from €68,990 to €54,313
- Taxes -€7,935
down €7,935 (-33.6%), from €23,635 to €15,700
- Depreciation +€2,090
up €2,090 (+120%), from €1,739 to €3,830
- Financial charges -€1,601
down €1,601 (-41.5%), from €3,859 to €2,258
- Other operating charges +€1,418
up €1,418 (+366%), from €387 to €1,805
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 | €173,493 | €223,353 | +€49,860 | +28.7% |
| Formation expenses | 20 | €481 | €268 | -€213 | -44.3% |
| Fixed assets | 21/28 | €117,948 | €172,275 | +€54,327 | +46.1% |
| Tangible fixed assets | 22/27 | €3,948 | €37,025 | +€33,077 | +838% |
| Furniture and vehicles | 24 | €3,948 | €37,025 | +€33,077 | +838% |
| Financial fixed assets | 28 | €114,000 | €135,250 | +€21,250 | +18.6% |
| Current assets | 29/58 | €55,064 | €50,811 | -€4,253 | -7.7% |
| Amounts receivable within one year | 40/41 | €23,291 | €17,900 | -€5,391 | -23.1% |
| Trade receivables | 40 | €23,291 | €17,819 | -€5,472 | -23.5% |
| Other amounts receivable | 41 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €24,417 | €24,290 | -€128 | -0.5% |
| Deferred charges and accrued income | 490/1 | €7,355 | €8,621 | +€1,266 | +17.2% |
| Total equity and liabilities | 10/49 | €173,493 | €223,353 | +€49,860 | +28.7% |
| Equity | 10/15 | €99,247 | €133,006 | +€33,759 | +34.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,247 | €130,006 | +€33,759 | +35.1% |
| Distributable reserves | 133 | €96,247 | €130,006 | +€33,759 | +35.1% |
| Amounts payable | 17/49 | €74,246 | €90,347 | +€16,101 | +21.7% |
| Amounts payable after more than one year | 17 | €35,000 | €52,000 | +€17,000 | +48.6% |
| Other amounts payable | 178/9 | €35,000 | €52,000 | +€17,000 | +48.6% |
| Amounts payable within one year | 42/48 | €36,993 | €37,172 | +€179 | +0.5% |
| Trade debts | 44 | €1,168 | €3,378 | +€2,210 | +189% |
| Suppliers | 440/4 | €1,168 | €3,378 | +€2,210 | +189% |
| Taxes, remuneration and social security | 45 | €31,707 | €29,953 | -€1,754 | -5.5% |
| Taxes | 450/3 | €31,707 | €29,953 | -€1,754 | -5.5% |
| Other amounts payable | 47/48 | €4,117 | €3,841 | -€277 | -6.7% |
| Accrued charges and deferred income | 492/3 | €2,254 | €1,176 | -€1,078 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,739 | €3,830 | +€2,090 | +120% |
| Other operating charges | 640/8 | €387 | €1,805 | +€1,418 | +366% |
| Gross operating margin | 9900 | €68,990 | €54,313 | -€14,677 | -21.3% |
| Operating profit (loss) | 9901 | €66,863 | €48,678 | -€18,185 | -27.2% |
| Financial income | 75/76B | €3,029 | €3,039 | +€11 | +0.3% |
| Recurring financial income | 75 | €3,029 | €3,039 | +€11 | +0.3% |
| Financial charges | 65/66B | €3,859 | €2,258 | -€1,601 | -41.5% |
| Recurring financial charges | 65 | €3,859 | €2,258 | -€1,601 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €66,032 | €49,459 | -€16,573 | -25.1% |
| Income taxes | 67/77 | €23,635 | €15,700 | -€7,935 | -33.6% |
| Profit (loss) for the period | 9904 | €42,397 | €33,759 | -€8,638 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,397 | €33,759 | -€8,638 | -20.4% |
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 28 October 2026 via checked.be.