A. LEWALLE: 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.
A. LEWALLE
Largest movements
- Cash -€21,229
down €21,229 (-20.2%), from €104,967 to €83,738
mainly Contributions, distributions and other (-€142,085) and Smaller working-capital items (-€234)
- Reserves -€81,466
down €81,466 (-84.4%), from €96,566 to €15,100
- Other debts +€59,491
up €59,491 (+5,124%), from €1,161 to €60,652
- Gross operating margin +€25,283
up €25,283 (+49.7%), from €50,891 to €76,174
- Taxes +€5,311
up €5,311 (+50.2%), from €10,584 to €15,895
- Other operating charges -€2,050
no longer reported in 2025 (was €2,050)
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 | €105,003 | €83,880 | -€21,124 | -20.1% |
| Current assets | 29/58 | €105,003 | €83,880 | -€21,124 | -20.1% |
| Amounts receivable within one year | 40/41 | €36 | €142 | +€105 | +288% |
| Other amounts receivable | 41 | €36 | €142 | +€105 | +288% |
| Cash at bank and in hand | 54/58 | €104,967 | €83,738 | -€21,229 | -20.2% |
| Total equity and liabilities | 10/49 | €105,003 | €83,880 | -€21,124 | -20.1% |
| Equity | 10/15 | €97,566 | €16,100 | -€81,466 | -83.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €96,566 | €15,100 | -€81,466 | -84.4% |
| Distributable reserves | 133 | €96,566 | €15,100 | -€81,466 | -84.4% |
| Amounts payable | 17/49 | €7,437 | €67,780 | +€60,343 | +811% |
| Amounts payable within one year | 42/48 | €7,437 | €67,780 | +€60,343 | +811% |
| Trade debts | 44 | €405 | €276 | -€129 | -31.8% |
| Suppliers | 440/4 | €405 | €276 | -€129 | -31.8% |
| Taxes, remuneration and social security | 45 | €5,872 | €6,852 | +€980 | +16.7% |
| Taxes | 450/3 | €5,872 | €6,852 | +€980 | +16.7% |
| Other amounts payable | 47/48 | €1,161 | €60,652 | +€59,491 | +5,124% |
| Other operating charges | 640/8 | €2,050 | - | -€2,050 | |
| Gross operating margin | 9900 | €50,891 | €76,174 | +€25,283 | +49.7% |
| Operating profit (loss) | 9901 | €48,841 | €76,174 | +€27,333 | +56.0% |
| Financial income | 75/76B | €506 | €386 | -€120 | -23.8% |
| Recurring financial income | 75 | €506 | €386 | -€120 | -23.8% |
| Financial charges | 65/66B | €107 | €45 | -€62 | -57.7% |
| Recurring financial charges | 65 | €107 | €45 | -€62 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €49,240 | €76,514 | +€27,275 | +55.4% |
| Income taxes | 67/77 | €10,584 | €15,895 | +€5,311 | +50.2% |
| Profit (loss) for the period | 9904 | €38,656 | €60,619 | +€21,963 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,656 | €60,619 | +€21,963 | +56.8% |
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 24 October 2026 via checked.be.