LUVS: 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.
LUVS
Largest movements
- Cash +€65,548
up €65,548 (+110.7%), from €59,187 to €124,735
mainly Net result for the year (+€56,223) and Depreciation (+€33,830)
- Tangible fixed assets +€7,656
up €7,656 (+3.6%), from €212,127 to €219,784
of which Furniture and vehicles: +€34,294
- Profit (loss) carried forward +€56,223
up €56,223 (+150.7%), from €37,303 to €93,526
- Debts after one year +€10,020
up €10,020 (+6.1%), from €165,419 to €175,438
- Accrued charges and deferred income +€5,355
up €5,355 (+98.3%), from €5,445 to €10,800
- Current portion of long-term debt +€3,800
up €3,800 (+19.9%), from €19,122 to €22,922
- Gross operating margin +€26,369
up €26,369 (+26.5%), from €99,539 to €125,908
- Staff costs +€8,406
up €8,406 (+155.3%), from €5,412 to €13,818
- Depreciation -€5,691
down €5,691 (-14.4%), from €39,521 to €33,830
- Taxes +€4,461
up €4,461 (+44.2%), from €10,089 to €14,550
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,517 | €348,401 | +€71,884 | +26.0% |
| Fixed assets | 21/28 | €212,332 | €219,989 | +€7,656 | +3.6% |
| Tangible fixed assets | 22/27 | €212,127 | €219,784 | +€7,656 | +3.6% |
| Land and buildings | 22 | €187,988 | €172,659 | -€15,329 | -8.2% |
| Plant, machinery and equipment | 23 | €20,896 | €9,588 | -€11,309 | -54.1% |
| Furniture and vehicles | 24 | €3,243 | €37,537 | +€34,294 | +1057.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €64,185 | €128,412 | +€64,228 | +100.1% |
| Amounts receivable within one year | 40/41 | €4,760 | €2,372 | -€2,389 | -50.2% |
| Trade receivables | 40 | €4,760 | €2,372 | -€2,389 | -50.2% |
| Cash at bank and in hand | 54/58 | €59,187 | €124,735 | +€65,548 | +110.7% |
| Deferred charges and accrued income | 490/1 | €238 | €1,306 | +€1,068 | +448.8% |
| Total equity and liabilities | 10/49 | €276,517 | €348,401 | +€71,884 | +26.0% |
| Equity | 10/15 | €40,303 | €96,526 | +€56,223 | +139.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,303 | €93,526 | +€56,223 | +150.7% |
| Amounts payable | 17/49 | €236,214 | €251,875 | +€15,661 | +6.6% |
| Amounts payable after more than one year | 17 | €165,419 | €175,438 | +€10,020 | +6.1% |
| Financial debts | 170/4 | €165,419 | €175,438 | +€10,020 | +6.1% |
| Amounts payable within one year | 42/48 | €65,350 | €65,637 | +€287 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €19,122 | €22,922 | +€3,800 | +19.9% |
| Trade debts | 44 | €6,799 | €4,788 | -€2,011 | -29.6% |
| Suppliers | 440/4 | €6,799 | €4,788 | -€2,011 | -29.6% |
| Taxes, remuneration and social security | 45 | €10,347 | €8,349 | -€1,997 | -19.3% |
| Taxes | 450/3 | €10,347 | €5,789 | -€4,558 | -44.1% |
| Remuneration and social security | 454/9 | - | €2,561 | +€2,561 | |
| Other amounts payable | 47/48 | €29,083 | €29,578 | +€495 | +1.7% |
| Accrued charges and deferred income | 492/3 | €5,445 | €10,800 | +€5,355 | +98.3% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €5,412 | €13,818 | +€8,406 | +155.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,521 | €33,830 | -€5,691 | -14.4% |
| Other operating charges | 640/8 | €774 | €1,427 | +€653 | +84.3% |
| Non-recurring operating charges | 66A | €482 | - | -€482 | |
| Gross operating margin | 9900 | €99,539 | €125,908 | +€26,369 | +26.5% |
| Operating profit (loss) | 9901 | €53,350 | €76,833 | +€23,483 | +44.0% |
| Financial charges | 65/66B | €5,099 | €6,060 | +€961 | +18.9% |
| Recurring financial charges | 65 | €5,099 | €6,060 | +€961 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €48,251 | €70,773 | +€22,522 | +46.7% |
| Income taxes | 67/77 | €10,089 | €14,550 | +€4,461 | +44.2% |
| Profit (loss) for the period | 9904 | €38,162 | €56,223 | +€18,061 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,162 | €56,223 | +€18,061 | +47.3% |
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 7 October 2026 via checked.be.