CWB LEX: 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.
CWB LEX
Largest movements
- Cash -€23,310
down €23,310 (-77.8%), from €29,973 to €6,663
mainly Current portion of long-term debt (-€18,876) and Net result for the year (-€3,957)
- Receivables within one year +€908
up €908 (+34.1%), from €2,665 to €3,573
of which Trade receivables: +€3,240
- Deferred charges and accrued income -€426
down €426 (-9.6%), from €4,426 to €4,000
- Current portion of long-term debt -€18,876
no longer reported in 2025 (was €18,876)
- Profit (loss) carried forward -€3,957
down €3,957, from €3,098 to -€859
- Other debts +€2,860
new in 2025: €2,860
- Tax, wage and social debts -€2,438
down €2,438 (-36.8%), from €6,630 to €4,193
- Trade debts -€530
down €530 (-41.1%), from €1,291 to €761
- Gross operating margin -€6,517
down €6,517 (-84.9%), from €7,680 to €1,163
- Staff costs +€3,211
new in 2025: €3,211
- Taxes -€1,837
down €1,837 (-60.6%), from €3,033 to €1,196
- Other operating charges -€844
down €844 (-59.2%), from €1,425 to €582
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 | €37,395 | €14,454 | -€22,941 | -61.3% |
| Fixed assets | 21/28 | €331 | €218 | -€114 | -34.3% |
| Tangible fixed assets | 22/27 | €331 | €218 | -€114 | -34.3% |
| Furniture and vehicles | 24 | €331 | €218 | -€114 | -34.3% |
| Current assets | 29/58 | €37,064 | €14,236 | -€22,828 | -61.6% |
| Amounts receivable within one year | 40/41 | €2,665 | €3,573 | +€908 | +34.1% |
| Trade receivables | 40 | €333 | €3,573 | +€3,240 | +973% |
| Other amounts receivable | 41 | €2,332 | - | -€2,332 | |
| Cash at bank and in hand | 54/58 | €29,973 | €6,663 | -€23,310 | -77.8% |
| Deferred charges and accrued income | 490/1 | €4,426 | €4,000 | -€426 | -9.6% |
| Total equity and liabilities | 10/49 | €37,395 | €14,454 | -€22,941 | -61.3% |
| Equity | 10/15 | €10,598 | €6,641 | -€3,957 | -37.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,098 | -€859 | -€3,957 | |
| Amounts payable | 17/49 | €26,797 | €7,813 | -€18,984 | -70.8% |
| Amounts payable within one year | 42/48 | €26,797 | €7,813 | -€18,984 | -70.8% |
| Current portion of amounts payable after more than one year | 42 | €18,876 | - | -€18,876 | |
| Trade debts | 44 | €1,291 | €761 | -€530 | -41.1% |
| Suppliers | 440/4 | €1,291 | €761 | -€530 | -41.1% |
| Taxes, remuneration and social security | 45 | €6,630 | €4,193 | -€2,438 | -36.8% |
| Taxes | 450/3 | €6,630 | €4,193 | -€2,438 | -36.8% |
| Other amounts payable | 47/48 | - | €2,860 | +€2,860 | |
| Remuneration, social security and pensions | 62 | - | €3,211 | +€3,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | €114 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,425 | €582 | -€844 | -59.2% |
| Gross operating margin | 9900 | €7,680 | €1,163 | -€6,517 | -84.9% |
| Operating profit (loss) | 9901 | €6,141 | -€2,744 | -€8,885 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €43 | €41 | -€2 | -5.5% |
| Recurring financial charges | 65 | €43 | €41 | -€2 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €6,098 | -€2,761 | -€8,859 | |
| Income taxes | 67/77 | €3,033 | €1,196 | -€1,837 | -60.6% |
| Profit (loss) for the period | 9904 | €3,064 | -€3,957 | -€7,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,064 | -€3,957 | -€7,022 |
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 18 October 2026 via checked.be.