LUVIBAT: 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.
LUVIBAT
Largest movements
- Receivables within one year +€37,344
up €37,344 (+55.7%), from €66,993 to €104,336
of which Other amounts receivable: +€27,420
- Stocks and contracts -€33,380
down €33,380 (-87.3%), from €38,250 to €4,870
- Cash -€3,863
down €3,863 (-22.8%), from €16,937 to €13,074
mainly Receivables within one year (-€37,344) and Trade debts (-€33,270)
- Tangible fixed assets -€1,375
down €1,375 (-12.1%), from €11,384 to €10,009
of which Other tangible fixed assets: -€1,197
- Trade debts -€33,270
down €33,270 (-51.5%), from €64,572 to €31,302
- Debts after one year +€13,319
up €13,319 (+79.0%), from €16,855 to €30,173
- Advances received +€11,569
up €11,569 (+83.0%), from €13,942 to €25,511
- Other debts +€6,000
new in 2025: €6,000
- Current portion of long-term debt +€4,693
up €4,693 (+64.6%), from €7,266 to €11,959
- Gross operating margin -€75,678
down €75,678 (-66.6%), from €113,619 to €37,941
- Staff costs -€66,609
down €66,609 (-94.4%), from €70,544 to €3,935
- Other operating charges +€14,244
up €14,244 (+498%), from €2,863 to €17,107
- Financial charges +€5,972
up €5,972 (+69.5%), from €8,596 to €14,568
- Taxes +€1,940
up €1,940 (+48.7%), from €3,982 to €5,923
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 | €136,972 | €134,806 | -€2,166 | -1.6% |
| Fixed assets | 21/28 | €12,084 | €10,709 | -€1,375 | -11.4% |
| Tangible fixed assets | 22/27 | €11,384 | €10,009 | -€1,375 | -12.1% |
| Furniture and vehicles | 24 | €2,302 | €2,124 | -€178 | -7.7% |
| Other tangible fixed assets | 26 | €9,082 | €7,885 | -€1,197 | -13.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €124,888 | €124,097 | -€791 | -0.6% |
| Stocks and contracts in progress | 3 | €38,250 | €4,870 | -€33,380 | -87.3% |
| Stocks | 30/36 | €38,250 | €4,870 | -€33,380 | -87.3% |
| Amounts receivable within one year | 40/41 | €66,993 | €104,336 | +€37,344 | +55.7% |
| Trade receivables | 40 | €3,043 | €12,967 | +€9,924 | +326% |
| Other amounts receivable | 41 | €63,950 | €91,369 | +€27,420 | +42.9% |
| Cash at bank and in hand | 54/58 | €16,937 | €13,074 | -€3,863 | -22.8% |
| Deferred charges and accrued income | 490/1 | €2,708 | €1,817 | -€891 | -32.9% |
| Total equity and liabilities | 10/49 | €136,972 | €134,806 | -€2,166 | -1.6% |
| Equity | 10/15 | €24,327 | €19,956 | -€4,371 | -18.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Share premium | 1100/10 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €22,327 | €17,956 | -€4,371 | -19.6% |
| Amounts payable | 17/49 | €112,646 | €114,850 | +€2,204 | +2.0% |
| Amounts payable after more than one year | 17 | €16,855 | €30,173 | +€13,319 | +79.0% |
| Financial debts | 170/4 | €16,855 | €30,173 | +€13,319 | +79.0% |
| Amounts payable within one year | 42/48 | €95,791 | €84,676 | -€11,114 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €7,266 | €11,959 | +€4,693 | +64.6% |
| Trade debts | 44 | €64,572 | €31,302 | -€33,270 | -51.5% |
| Suppliers | 440/4 | €64,572 | €31,302 | -€33,270 | -51.5% |
| Advances received on contracts in progress | 46 | €13,942 | €25,511 | +€11,569 | +83.0% |
| Taxes, remuneration and social security | 45 | €10,012 | €9,905 | -€106 | -1.1% |
| Taxes | 450/3 | €9,385 | €9,905 | +€520 | +5.5% |
| Remuneration and social security | 454/9 | €626 | €0 | -€626 | -100% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €70,544 | €3,935 | -€66,609 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,056 | €2,475 | -€581 | -19.0% |
| Other operating charges | 640/8 | €2,863 | €17,107 | +€14,244 | +498% |
| Non-recurring operating charges | 66A | €14,885 | €0 | -€14,885 | -100% |
| Gross operating margin | 9900 | €113,619 | €37,941 | -€75,678 | -66.6% |
| Operating profit (loss) | 9901 | €22,271 | €14,424 | -€7,847 | -35.2% |
| Financial income | 75/76B | €8 | €1,696 | +€1,689 | +21,957% |
| Recurring financial income | 75 | €8 | €1,696 | +€1,689 | +21,957% |
| Financial charges | 65/66B | €8,596 | €14,568 | +€5,972 | +69.5% |
| Recurring financial charges | 65 | €8,596 | €14,568 | +€5,972 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €13,683 | €1,552 | -€12,131 | -88.7% |
| Income taxes | 67/77 | €3,982 | €5,923 | +€1,940 | +48.7% |
| Profit (loss) for the period | 9904 | €9,700 | -€4,371 | -€14,071 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,700 | -€4,371 | -€14,071 |
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 13 October 2026 via checked.be.