LUVON: 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
LUVON
NACE 96.999, Other personal services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €447,190+€998,162
Equity
€24.5m
2024 · €23.6m+€941,066
Cash
€371,721
2024 · €338,126+€33,596
Balance sheet total
€29.8m
2024 · €28.2m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€780,981
up €780,981 (+4.8%), from €16.4m to €17.2m
of which Land and buildings: +€439,338
- Receivables after one year +€540,000
up €540,000 (+74.5%), from €725,000 to €1.3m
Equity and liabilities
- Profit (loss) carried forward +€941,066
up €941,066 (+10.4%), from €9.0m to €10.0m
- Short-term financial debts +€848,000
new in 2025: €848,000
- Debts after one year -€466,431
down €466,431 (-14.2%), from €3.3m to €2.8m
- Other debts +€374,886
up €374,886 (+286.1%), from €131,055 to €505,941
Income statement
- Gross operating margin +€962,005
up €962,005 (+86.5%), from -€1.1m to -€149,828
- Financial charges -€25,585
down €25,585 (-13.9%), from €183,719 to €158,134
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
€447,190
Gross operating margin
+€962,005
Staff costs
-€166
Depreciation
+€6,453
Other operating charges
-€415
Financial income
+€5,400
Financial charges
+€25,585
Taxes
-€699
Result 2025
€1.4m
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
+€1.3m
Investment
-€948,849
Financing
-€334,717
Cash 2024
€338,126
From operations (derived)
+€1.3m
Net result for the year
+€1.4m
Depreciation
+€170,509
Receivables after one year
-€540,000
Receivables within one year
-€229,387
Deferred charges and accrued income
+€29,495
Trade debts
+€8,550
Tax, wage and social debts
+€57,757
Other debts
+€374,886
Investment (derived)
-€948,849
Investment in fixed assets (net)
-€948,849
Financing
-€334,717
Debts after one year
-€466,431
Current portion of long-term debt
-€212,000
Short-term financial debts
+€848,000
Contributions, distributions and other
-€504,286
Cash 2025
€371,721
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,215,489 | €29,767,317 | +€1.6m | +5.5% |
| Fixed assets | 21/28 | €26,177,899 | €26,956,240 | +€778,341 | +3.0% |
| Intangible fixed assets | 21 | €14,256 | €11,616 | -€2,640 | -18.5% |
| Tangible fixed assets | 22/27 | €16,436,236 | €17,217,217 | +€780,981 | +4.8% |
| Land and buildings | 22 | €11,203,084 | €11,642,422 | +€439,338 | +3.9% |
| Plant, machinery and equipment | 23 | €20,595 | €10,724 | -€9,871 | -47.9% |
| Furniture and vehicles | 24 | €71,839 | €63,459 | -€8,379 | -11.7% |
| Other tangible fixed assets | 26 | €5,140,719 | €5,500,612 | +€359,893 | +7.0% |
| Financial fixed assets | 28 | €9,727,407 | €9,727,407 | = | 0.0% |
| Current assets | 29/58 | €2,037,589 | €2,811,077 | +€773,488 | +38.0% |
| Amounts receivable after more than one year | 29 | €725,000 | €1,265,000 | +€540,000 | +74.5% |
| Other amounts receivable | 291 | €725,000 | €1,265,000 | +€540,000 | +74.5% |
| Amounts receivable within one year | 40/41 | €18,150 | €247,537 | +€229,387 | +1263.8% |
| Trade receivables | 40 | €18,150 | €247,537 | +€229,387 | +1263.8% |
| Cash at bank and in hand | 54/58 | €338,126 | €371,721 | +€33,596 | +9.9% |
| Deferred charges and accrued income | 490/1 | €956,314 | €926,819 | -€29,495 | -3.1% |
| Total equity and liabilities | 10/49 | €28,215,489 | €29,767,317 | +€1.6m | +5.5% |
| Equity | 10/15 | €23,573,025 | €24,514,092 | +€941,066 | +4.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €14,505,000 | €14,505,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €14,500,000 | €14,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,018,025 | €9,959,092 | +€941,066 | +10.4% |
| Amounts payable | 17/49 | €4,642,464 | €5,253,225 | +€610,762 | +13.2% |
| Amounts payable after more than one year | 17 | €3,286,873 | €2,820,442 | -€466,431 | -14.2% |
| Financial debts | 170/4 | €3,286,873 | €2,820,442 | -€466,431 | -14.2% |
| Amounts payable within one year | 42/48 | €1,355,591 | €2,432,784 | +€1.1m | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €1,060,000 | €848,000 | -€212,000 | -20.0% |
| Financial debts | 43 | - | €848,000 | +€848,000 | |
| Credit institutions | 430/8 | - | €848,000 | +€848,000 | |
| Trade debts | 44 | €6,294 | €14,844 | +€8,550 | +135.9% |
| Suppliers | 440/4 | €6,294 | €14,844 | +€8,550 | +135.9% |
| Taxes, remuneration and social security | 45 | €158,242 | €215,999 | +€57,757 | +36.5% |
| Taxes | 450/3 | €147,915 | €205,438 | +€57,523 | +38.9% |
| Remuneration and social security | 454/9 | €10,328 | €10,561 | +€234 | +2.3% |
| Other amounts payable | 47/48 | €131,055 | €505,941 | +€374,886 | +286.1% |
| Remuneration, social security and pensions | 62 | €22,672 | €22,839 | +€166 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,961 | €170,509 | -€6,453 | -3.6% |
| Other operating charges | 640/8 | €12,064 | €12,480 | +€415 | +3.4% |
| Gross operating margin | 9900 | -€1,111,833 | -€149,828 | +€962,005 | +86.5% |
| Operating profit (loss) | 9901 | -€1,323,531 | -€355,655 | +€967,875 | +73.1% |
| Financial income | 75/76B | €2,012,000 | €2,017,400 | +€5,400 | +0.3% |
| Recurring financial income | 75 | €2,012,000 | €2,017,400 | +€5,400 | +0.3% |
| Financial charges | 65/66B | €183,719 | €158,134 | -€25,585 | -13.9% |
| Recurring financial charges | 65 | €183,719 | €158,134 | -€25,585 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €504,751 | €1,503,611 | +€998,861 | +197.9% |
| Income taxes | 67/77 | €57,561 | €58,259 | +€699 | +1.2% |
| Profit (loss) for the period | 9904 | €447,190 | €1,445,352 | +€998,162 | +223.2% |
| Profit (loss) for the period to be appropriated | 9905 | €447,190 | €1,445,352 | +€998,162 | +223.2% |
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 7 October 2026 via checked.be.