LOVALL: 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.
LOVALL
Largest movements
- Cash +€2,003
up €2,003 (+2.8%), from €71,351 to €73,354
mainly Net result for the year (+€2,934) and Depreciation (+€2,460)
- Reserves +€2,900
up €2,900 (+4.1%), from €70,155 to €73,055
of which Distributable reserves: +€2,900
- Tax, wage and social debts +€2,283
up €2,283 (+33.4%), from €6,834 to €9,117
of which Remuneration and social security: +€4,830
- Other debts -€1,328
down €1,328 (-26.1%), from €5,084 to €3,756
- Gross operating margin -€6,813
down €6,813 (-40.7%), from €16,751 to €9,938
- Depreciation -€4,707
down €4,707 (-65.7%), from €7,167 to €2,460
- Taxes -€1,464
down €1,464 (-34.3%), from €4,274 to €2,810
- Other operating charges +€542
up €542 (+61.2%), from €885 to €1,426
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 | €84,573 | €86,932 | +€2,359 | +2.8% |
| Fixed assets | 21/28 | €2,951 | €2,490 | -€461 | -15.6% |
| Tangible fixed assets | 22/27 | €2,951 | €2,490 | -€461 | -15.6% |
| Furniture and vehicles | 24 | €2,951 | €2,490 | -€461 | -15.6% |
| Current assets | 29/58 | €81,622 | €84,442 | +€2,820 | +3.5% |
| Amounts receivable within one year | 40/41 | €4,164 | €4,378 | +€214 | +5.1% |
| Trade receivables | 40 | €4,164 | €4,378 | +€214 | +5.1% |
| Cash at bank and in hand | 54/58 | €71,351 | €73,354 | +€2,003 | +2.8% |
| Deferred charges and accrued income | 490/1 | €6,107 | €6,709 | +€603 | +9.9% |
| Total equity and liabilities | 10/49 | €84,573 | €86,932 | +€2,359 | +2.8% |
| Equity | 10/15 | €69,698 | €72,632 | +€2,934 | +4.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €70,155 | €73,055 | +€2,900 | +4.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €68,300 | €71,200 | +€2,900 | +4.2% |
| Profit (loss) carried forward | 14 | -€19,007 | -€18,973 | +€34 | +0.2% |
| Amounts payable | 17/49 | €14,874 | €14,299 | -€575 | -3.9% |
| Amounts payable within one year | 42/48 | €13,914 | €13,339 | -€575 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €689 | - | -€689 | |
| Trade debts | 44 | €1,307 | €467 | -€840 | -64.3% |
| Suppliers | 440/4 | €1,307 | €467 | -€840 | -64.3% |
| Taxes, remuneration and social security | 45 | €6,834 | €9,117 | +€2,283 | +33.4% |
| Taxes | 450/3 | €6,494 | €3,947 | -€2,547 | -39.2% |
| Remuneration and social security | 454/9 | €340 | €5,170 | +€4,830 | +1,421% |
| Other amounts payable | 47/48 | €5,084 | €3,756 | -€1,328 | -26.1% |
| Accrued charges and deferred income | 492/3 | €960 | €960 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,167 | €2,460 | -€4,707 | -65.7% |
| Other operating charges | 640/8 | €885 | €1,426 | +€542 | +61.2% |
| Gross operating margin | 9900 | €16,751 | €9,938 | -€6,813 | -40.7% |
| Operating profit (loss) | 9901 | €8,699 | €6,051 | -€2,648 | -30.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.7% |
| Financial charges | 65/66B | €347 | €308 | -€39 | -11.3% |
| Recurring financial charges | 65 | €347 | €308 | -€39 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €8,358 | €5,743 | -€2,614 | -31.3% |
| Income taxes | 67/77 | €4,274 | €2,810 | -€1,464 | -34.3% |
| Profit (loss) for the period | 9904 | €4,084 | €2,934 | -€1,150 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | €2,934 | -€1,150 | -28.2% |
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 29 October 2026 via checked.be.