DWC - LBS Law: what changed
DWC - LBS Law
Largest movements
- Receivables within one year +€134,277
up €134,277 (+213%), from €63,097 to €197,373
of which Trade receivables: +€87,287
- Cash +€23,597
up €23,597, from €0 to €23,597
mainly Trade debts (+€82,531) and Net result for the year (+€55,509)
- Intangible fixed assets -€5,520
down €5,520 (-12.1%), from €45,679 to €40,159
- Trade debts +€82,531
up €82,531 (+208%), from €39,708 to €122,239
- Profit (loss) carried forward +€55,509
up €55,509 (+106%), from €52,428 to €107,937
- Tax, wage and social debts +€20,743
up €20,743 (+111%), from €18,728 to €39,471
- Advances received -€6,000
down €6,000 (-100%), from €6,000 to €0
- Turnover -€131,200
no longer reported in 2025 (was €131,200)
- Purchases and services -€92,019
no longer reported in 2025 (was €92,019)
- Gross operating margin +€52,156
up €52,156 (+127%), from €41,215 to €93,370
- Taxes +€17,585
up €17,585 (+188%), from €9,346 to €26,931
- Other operating charges +€5,442
up €5,442 (+1,405%), from €387 to €5,830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,500 | €271,116 | +€150,616 | +125% |
| Fixed assets | 21/28 | €45,679 | €40,246 | -€5,433 | -11.9% |
| Intangible fixed assets | 21 | €45,679 | €40,159 | -€5,520 | -12.1% |
| Financial fixed assets | 28 | - | €87 | +€87 | |
| Current assets | 29/58 | €74,821 | €230,870 | +€156,049 | +209% |
| Amounts receivable within one year | 40/41 | €63,097 | €197,373 | +€134,277 | +213% |
| Trade receivables | 40 | €47,850 | €135,138 | +€87,287 | +182% |
| Other amounts receivable | 41 | €15,246 | €62,235 | +€46,989 | +308% |
| Cash at bank and in hand | 54/58 | €0 | €23,597 | +€23,597 | |
| Deferred charges and accrued income | 490/1 | €11,724 | €9,899 | -€1,825 | -15.6% |
| Total equity and liabilities | 10/49 | €120,500 | €271,116 | +€150,616 | +125% |
| Equity | 10/15 | €53,028 | €108,537 | +€55,509 | +105% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,428 | €107,937 | +€55,509 | +106% |
| Amounts payable | 17/49 | €67,472 | €162,579 | +€95,107 | +141% |
| Amounts payable within one year | 42/48 | €64,762 | €161,710 | +€96,948 | +150% |
| Financial debts | 43 | €326 | €0 | -€326 | -100% |
| Credit institutions | 430/8 | €326 | €0 | -€326 | -100% |
| Trade debts | 44 | €39,708 | €122,239 | +€82,531 | +208% |
| Suppliers | 440/4 | €39,708 | €122,239 | +€82,531 | +208% |
| Advances received on contracts in progress | 46 | €6,000 | €0 | -€6,000 | -100% |
| Taxes, remuneration and social security | 45 | €18,728 | €39,471 | +€20,743 | +111% |
| Taxes | 450/3 | €18,728 | €39,471 | +€20,743 | +111% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €2,710 | €868 | -€1,842 | -68.0% |
| Turnover | 70 | €131,200 | - | -€131,200 | |
| Goods, raw materials, services and sundry goods | 60/61 | €92,019 | - | -€92,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,520 | €5,520 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €5,830 | +€5,442 | +1,405% |
| Gross operating margin | 9900 | €41,215 | €93,370 | +€52,156 | +127% |
| Operating profit (loss) | 9901 | €35,307 | €82,021 | +€46,713 | +132% |
| Financial income | 75/76B | - | €1,776 | +€1,776 | |
| Recurring financial income | 75 | - | €1,776 | +€1,776 | |
| Financial charges | 65/66B | €1,091 | €1,356 | +€266 | +24.4% |
| Recurring financial charges | 65 | €1,091 | €1,356 | +€266 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €34,217 | €82,440 | +€48,223 | +141% |
| Income taxes | 67/77 | €9,346 | €26,931 | +€17,585 | +188% |
| Profit (loss) for the period | 9904 | €24,871 | €55,509 | +€30,639 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €24,871 | €55,509 | +€30,639 | +123% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.