LUVIMO: 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.
What changed
LUVIMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€324,229
2024 · €168,225+€156,003
Equity
€3.0m
2024 · €2.7m+€324,229
Cash
€245,976
2024 · €227,207+€18,770
Balance sheet total
€21.2m
2024 · €18.3m+€2.9m
Largest movements
Assets
- Tangible fixed assets +€2.8m
up €2.8m (+15.8%), from €17.8m to €20.6m
of which Land and buildings: +€2.8m
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+67.2%), from €2.8m to €4.7m
- Other debts +€707,962
up €707,962 (+6.0%), from €11.8m to €12.5m
- Reserves +€324,229
up €324,229 (+12.5%), from €2.6m to €2.9m
of which Distributable reserves: +€326,932
Income statement
- Gross operating margin +€319,709
up €319,709 (+26.1%), from €1.2m to €1.5m
- Taxes +€52,906
up €52,906 (+92.8%), from €57,021 to €109,927
- Depreciation +€44,949
up €44,949 (+5.8%), from €780,000 to €824,949
- Financial charges +€37,486
up €37,486 (+33.5%), from €111,903 to €149,389
- Other operating charges +€28,305
up €28,305 (+25.8%), from €109,922 to €138,227
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.
Result 2024
€168,225
Gross operating margin
+€319,709
Depreciation
-€44,949
Other operating charges
-€28,305
Financial income
-€60
Financial charges
-€37,486
Taxes
-€52,906
Result 2025
€324,229
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.
From operations
+€1.7m
Investment
-€3.6m
Financing
+€2.0m
Cash 2024
€227,207
From operations (derived)
+€1.7m
Net result for the year
+€324,229
Depreciation
+€824,949
Receivables within one year
-€69,678
Deferred charges and accrued income
-€12,452
Smaller working-capital items
-€8,527
Trade debts
-€11,462
Tax, wage and social debts
-€70,844
Other debts
+€707,962
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€2.0m
Debts after one year
+€1.9m
Current portion of long-term debt
+€82,015
Cash 2025
€245,976
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,259,809 | €21,165,137 | +€2.9m | +15.9% |
| Fixed assets | 21/28 | €17,797,871 | €20,602,300 | +€2.8m | +15.8% |
| Tangible fixed assets | 22/27 | €17,797,171 | €20,601,600 | +€2.8m | +15.8% |
| Land and buildings | 22 | €17,768,687 | €20,576,802 | +€2.8m | +15.8% |
| Plant, machinery and equipment | 23 | €22,526 | €19,627 | -€2,900 | -12.9% |
| Furniture and vehicles | 24 | €5,958 | €5,172 | -€787 | -13.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €461,937 | €562,837 | +€100,900 | +21.8% |
| Amounts receivable within one year | 40/41 | €187,694 | €257,372 | +€69,678 | +37.1% |
| Trade receivables | 40 | €166,595 | €89,695 | -€76,900 | -46.2% |
| Other amounts receivable | 41 | €21,099 | €167,677 | +€146,578 | +694.7% |
| Cash at bank and in hand | 54/58 | €227,207 | €245,976 | +€18,770 | +8.3% |
| Deferred charges and accrued income | 490/1 | €47,037 | €59,489 | +€12,452 | +26.5% |
| Total equity and liabilities | 10/49 | €18,259,809 | €21,165,137 | +€2.9m | +15.9% |
| Equity | 10/15 | €2,663,693 | €2,987,922 | +€324,229 | +12.2% |
| 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 | €2,601,693 | €2,925,922 | +€324,229 | +12.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,564 | €46,860 | -€2,703 | -5.5% |
| Distributable reserves | 133 | €2,545,929 | €2,872,862 | +€326,932 | +12.8% |
| Provisions and deferred taxes | 16 | €16,521 | €15,620 | -€901 | -5.5% |
| Deferred taxes | 168 | €16,521 | €15,620 | -€901 | -5.5% |
| Amounts payable | 17/49 | €15,579,594 | €18,161,595 | +€2.6m | +16.6% |
| Amounts payable after more than one year | 17 | €2,799,116 | €4,681,071 | +€1.9m | +67.2% |
| Financial debts | 170/4 | €2,799,116 | €4,681,071 | +€1.9m | +67.2% |
| Amounts payable within one year | 42/48 | €12,771,962 | €13,479,633 | +€707,671 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €606,568 | €688,583 | +€82,015 | +13.5% |
| Trade debts | 44 | €304,559 | €293,098 | -€11,462 | -3.8% |
| Suppliers | 440/4 | €304,559 | €293,098 | -€11,462 | -3.8% |
| Taxes, remuneration and social security | 45 | €70,844 | €0 | -€70,844 | -100.0% |
| Taxes | 450/3 | €70,844 | €0 | -€70,844 | -100.0% |
| Other amounts payable | 47/48 | €11,789,991 | €12,497,952 | +€707,962 | +6.0% |
| Accrued charges and deferred income | 492/3 | €8,516 | €891 | -€7,626 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780,000 | €824,949 | +€44,949 | +5.8% |
| Other operating charges | 640/8 | €109,922 | €138,227 | +€28,305 | +25.8% |
| Gross operating margin | 9900 | €1,226,110 | €1,545,819 | +€319,709 | +26.1% |
| Operating profit (loss) | 9901 | €336,188 | €582,643 | +€246,456 | +73.3% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100.0% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100.0% |
| Financial charges | 65/66B | €111,903 | €149,389 | +€37,486 | +33.5% |
| Recurring financial charges | 65 | €111,903 | €149,389 | +€37,486 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €224,345 | €433,255 | +€208,910 | +93.1% |
| Transfer from deferred taxes | 780 | €901 | €901 | = | 0.0% |
| Income taxes | 67/77 | €57,021 | €109,927 | +€52,906 | +92.8% |
| Profit (loss) for the period | 9904 | €168,225 | €324,229 | +€156,003 | +92.7% |
| Transfer from tax-exempt reserves | 789 | €2,703 | €2,703 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,929 | €326,932 | +€156,003 | +91.3% |
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 8 October 2026 via checked.be.