ERIC LOWIE: 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.
ERIC LOWIE
Largest movements
- Stocks and contracts +€6,021
up €6,021 (+4.3%), from €138,853 to €144,873
- Tangible fixed assets +€5,091
up €5,091 (+16.5%), from €30,845 to €35,936
- Other debts +€16,648
up €16,648 (+6.5%), from €257,962 to €274,610
- Profit (loss) carried forward -€6,503
down €6,503 (-7.5%), from -€86,139 to -€92,641
- Gross operating margin +€3,504
up €3,504 (+70.8%), from -€4,946 to -€1,442
- Depreciation +€2,610
up €2,610 (+291.4%), from €896 to €3,506
- Financial charges +€436
up €436 (+62.9%), from €694 to €1,130
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,877 | €209,951 | +€11,075 | +5.6% |
| Fixed assets | 21/28 | €30,845 | €35,936 | +€5,091 | +16.5% |
| Tangible fixed assets | 22/27 | €30,845 | €35,936 | +€5,091 | +16.5% |
| Other tangible fixed assets | 26 | €30,845 | €35,936 | +€5,091 | +16.5% |
| Current assets | 29/58 | €168,032 | €174,015 | +€5,984 | +3.6% |
| Stocks and contracts in progress | 3 | €138,853 | €144,873 | +€6,021 | +4.3% |
| Stocks | 30/36 | €138,853 | €144,873 | +€6,021 | +4.3% |
| Amounts receivable within one year | 40/41 | €26,179 | €26,142 | -€37 | -0.1% |
| Trade receivables | 40 | €403 | €430 | +€28 | +6.9% |
| Other amounts receivable | 41 | €25,776 | €25,711 | -€65 | -0.3% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €198,877 | €209,951 | +€11,075 | +5.6% |
| Equity | 10/15 | -€65,687 | -€72,190 | -€6,503 | -9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,139 | -€92,641 | -€6,503 | -7.5% |
| Amounts payable | 17/49 | €264,564 | €282,141 | +€17,577 | +6.6% |
| Amounts payable within one year | 42/48 | €264,564 | €282,141 | +€17,577 | +6.6% |
| Financial debts | 43 | €5,540 | €5,996 | +€456 | +8.2% |
| Credit institutions | 430/8 | €5,540 | €5,996 | +€456 | +8.2% |
| Trade debts | 44 | €1,061 | €1,535 | +€474 | +44.7% |
| Suppliers | 440/4 | €1,061 | €1,535 | +€474 | +44.7% |
| Other amounts payable | 47/48 | €257,962 | €274,610 | +€16,648 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €896 | €3,506 | +€2,610 | +291.4% |
| Other operating charges | 640/8 | €403 | €424 | +€21 | +5.2% |
| Gross operating margin | 9900 | -€4,946 | -€1,442 | +€3,504 | +70.8% |
| Operating profit (loss) | 9901 | -€6,245 | -€5,373 | +€872 | +14.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €694 | €1,130 | +€436 | +62.9% |
| Recurring financial charges | 65 | €694 | €1,130 | +€436 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,938 | -€6,503 | +€435 | +6.3% |
| Profit (loss) for the period | 9904 | -€6,938 | -€6,503 | +€435 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,938 | -€6,503 | +€435 | +6.3% |
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 6 October 2026 via checked.be.