FWLR: 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.
FWLR
Largest movements
- Cash +€44,174
up €44,174 (+73.8%), from €59,834 to €104,008
mainly Net result for the year (+€37,102) and Other debts (+€27,625)
- Tangible fixed assets -€14,144
down €14,144 (-25.7%), from €55,006 to €40,862
- Receivables within one year -€8,123
down €8,123 (-42.9%), from €18,921 to €10,798
of which Trade receivables: -€8,126
- Deferred charges and accrued income +€5,510
up €5,510 (+252.4%), from €2,183 to €7,692
- Other debts +€27,625
up €27,625 (+52820.3%), from €52 to €27,677
- Debts after one year -€7,352
down €7,352 (-31.5%), from €23,308 to €15,956
- Tax, wage and social debts +€5,371
up €5,371 (+19.0%), from €28,249 to €33,620
of which Remuneration and social security: +€2,699
- Reserves +€4,602
up €4,602 (+6.7%), from €68,589 to €73,191
- Taxes -€3,379
down €3,379 (-24.2%), from €13,979 to €10,600
- Depreciation +€1,301
up €1,301 (+10.1%), from €12,844 to €14,144
- Gross operating margin -€730
down €730 (-1.1%), from €64,118 to €63,389
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
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 | €135,944 | €163,360 | +€27,416 | +20.2% |
| Fixed assets | 21/28 | €55,006 | €40,862 | -€14,144 | -25.7% |
| Tangible fixed assets | 22/27 | €55,006 | €40,862 | -€14,144 | -25.7% |
| Furniture and vehicles | 24 | €55,006 | €40,862 | -€14,144 | -25.7% |
| Current assets | 29/58 | €80,938 | €122,498 | +€41,561 | +51.3% |
| Amounts receivable within one year | 40/41 | €18,921 | €10,798 | -€8,123 | -42.9% |
| Trade receivables | 40 | €18,921 | €10,795 | -€8,126 | -42.9% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €59,834 | €104,008 | +€44,174 | +73.8% |
| Deferred charges and accrued income | 490/1 | €2,183 | €7,692 | +€5,510 | +252.4% |
| Total equity and liabilities | 10/49 | €135,944 | €163,360 | +€27,416 | +20.2% |
| Equity | 10/15 | €72,089 | €76,691 | +€4,602 | +6.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €68,589 | €73,191 | +€4,602 | +6.7% |
| Distributable reserves | 133 | €68,589 | €73,191 | +€4,602 | +6.7% |
| Amounts payable | 17/49 | €63,856 | €86,669 | +€22,814 | +35.7% |
| Amounts payable after more than one year | 17 | €23,308 | €15,956 | -€7,352 | -31.5% |
| Financial debts | 170/4 | €23,308 | €15,956 | -€7,352 | -31.5% |
| Amounts payable within one year | 42/48 | €38,931 | €70,713 | +€31,782 | +81.6% |
| Current portion of amounts payable after more than one year | 42 | €7,822 | €7,352 | -€469 | -6.0% |
| Trade debts | 44 | €2,808 | €2,064 | -€744 | -26.5% |
| Suppliers | 440/4 | €2,808 | €2,064 | -€744 | -26.5% |
| Taxes, remuneration and social security | 45 | €28,249 | €33,620 | +€5,371 | +19.0% |
| Taxes | 450/3 | €28,249 | €30,921 | +€2,672 | +9.5% |
| Remuneration and social security | 454/9 | - | €2,699 | +€2,699 | |
| Other amounts payable | 47/48 | €52 | €27,677 | +€27,625 | +52820.3% |
| Accrued charges and deferred income | 492/3 | €1,617 | - | -€1,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,844 | €14,144 | +€1,301 | +10.1% |
| Other operating charges | 640/8 | €391 | €798 | +€407 | +104.1% |
| Gross operating margin | 9900 | €64,118 | €63,389 | -€730 | -1.1% |
| Operating profit (loss) | 9901 | €50,883 | €48,446 | -€2,437 | -4.8% |
| Financial charges | 65/66B | €1,003 | €743 | -€260 | -25.9% |
| Recurring financial charges | 65 | €1,003 | €743 | -€260 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €49,879 | €47,702 | -€2,177 | -4.4% |
| Income taxes | 67/77 | €13,979 | €10,600 | -€3,379 | -24.2% |
| Profit (loss) for the period | 9904 | €35,900 | €37,102 | +€1,202 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,900 | €37,102 | +€1,202 | +3.3% |
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.