L.W.E.: 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.
L.W.E.
Largest movements
- Tangible fixed assets -€3,026
down €3,026 (-34.3%), from €8,826 to €5,800
of which Furniture and vehicles: -€2,323
- Cash +€2,077
up €2,077 (+5.1%), from €41,075 to €43,152
mainly Depreciation (+€3,026) and Net result for the year (+€1,139)
- Deferred charges and accrued income +€1,451
up €1,451 (+715.0%), from €203 to €1,654
- Other debts -€1,434
down €1,434 (-51.4%), from €2,789 to €1,356
- Profit (loss) carried forward +€1,139
up €1,139 (+5.1%), from -€22,363 to -€21,224
- Trade debts +€728
up €728 (+439.6%), from €166 to €894
- Gross operating margin +€2,753
up €2,753 (+87.5%), from €3,146 to €5,899
- Depreciation -€197
down €197 (-6.1%), from €3,223 to €3,026
- Financial charges -€111
down €111 (-28.9%), from €384 to €273
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 | €54,258 | €54,881 | +€623 | +1.1% |
| Fixed assets | 21/28 | €8,826 | €5,800 | -€3,026 | -34.3% |
| Tangible fixed assets | 22/27 | €8,826 | €5,800 | -€3,026 | -34.3% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,946 | €3,623 | -€2,323 | -39.1% |
| Other tangible fixed assets | 26 | €2,880 | €2,177 | -€703 | -24.4% |
| Current assets | 29/58 | €45,432 | €49,081 | +€3,649 | +8.0% |
| Stocks and contracts in progress | 3 | €37 | €53 | +€17 | +46.4% |
| Stocks | 30/36 | €37 | €53 | +€17 | +46.4% |
| Amounts receivable within one year | 40/41 | €4,117 | €4,221 | +€104 | +2.5% |
| Trade receivables | 40 | €2,617 | €1,221 | -€1,396 | -53.4% |
| Other amounts receivable | 41 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Cash at bank and in hand | 54/58 | €41,075 | €43,152 | +€2,077 | +5.1% |
| Deferred charges and accrued income | 490/1 | €203 | €1,654 | +€1,451 | +715.0% |
| Total equity and liabilities | 10/49 | €54,258 | €54,881 | +€623 | +1.1% |
| Equity | 10/15 | €48,061 | €49,199 | +€1,139 | +2.4% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €36,824 | €36,824 | = | 0.0% |
| Distributable reserves | 133 | €36,824 | €36,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,363 | -€21,224 | +€1,139 | +5.1% |
| Amounts payable | 17/49 | €6,197 | €5,681 | -€516 | -8.3% |
| Amounts payable within one year | 42/48 | €6,197 | €5,681 | -€516 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €2,714 | €2,713 | -€1 | 0.0% |
| Trade debts | 44 | €166 | €894 | +€728 | +439.6% |
| Suppliers | 440/4 | €166 | €894 | +€728 | +439.6% |
| Taxes, remuneration and social security | 45 | €528 | €719 | +€191 | +36.2% |
| Taxes | 450/3 | €528 | €719 | +€191 | +36.2% |
| Other amounts payable | 47/48 | €2,789 | €1,356 | -€1,434 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,223 | €3,026 | -€197 | -6.1% |
| Other operating charges | 640/8 | €1,463 | €1,468 | +€5 | +0.4% |
| Gross operating margin | 9900 | €3,146 | €5,899 | +€2,753 | +87.5% |
| Operating profit (loss) | 9901 | -€1,539 | €1,405 | +€2,944 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +14900.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +14900.0% |
| Financial charges | 65/66B | €384 | €273 | -€111 | -28.9% |
| Recurring financial charges | 65 | €384 | €273 | -€111 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,923 | €1,139 | +€3,061 | |
| Profit (loss) for the period | 9904 | -€1,923 | €1,139 | +€3,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,923 | €1,139 | +€3,061 |
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 8 October 2026 via checked.be.