LAWAVICOLE: 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.
LAWAVICOLE
Largest movements
- Receivables within one year +€649,800
up €649,800 (+30.9%), from €2.1m to €2.8m
of which Trade receivables: +€616,784
- Cash +€85,956
up €85,956 (+15.9%), from €541,425 to €627,381
mainly Trade debts (+€767,670) and Depreciation (+€92,876)
- Tangible fixed assets -€66,616
down €66,616 (-17.1%), from €390,028 to €323,412
- Trade debts +€767,670
up €767,670 (+32.6%), from €2.4m to €3.1m
- Reserves -€70,000
down €70,000 (-14.8%), from €471,860 to €401,860
- Gross operating margin -€174,554
down €174,554 (-66.3%), from €263,168 to €88,614
- Taxes -€47,224
down €47,224 (-92.8%), from €50,870 to €3,645
- Other operating charges -€4,805
down €4,805 (-57.6%), from €8,345 to €3,540
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 | €3,036,556 | €3,705,696 | +€669,140 | +22.0% |
| Fixed assets | 21/28 | €391,628 | €325,012 | -€66,616 | -17.0% |
| Tangible fixed assets | 22/27 | €390,028 | €323,412 | -€66,616 | -17.1% |
| Land and buildings | 22 | €80,230 | €75,480 | -€4,750 | -5.9% |
| Plant, machinery and equipment | 23 | €192,457 | €160,074 | -€32,384 | -16.8% |
| Furniture and vehicles | 24 | €117,340 | €87,858 | -€29,482 | -25.1% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €2,644,928 | €3,380,684 | +€735,756 | +27.8% |
| Amounts receivable within one year | 40/41 | €2,103,503 | €2,753,303 | +€649,800 | +30.9% |
| Trade receivables | 40 | €2,074,880 | €2,691,665 | +€616,784 | +29.7% |
| Other amounts receivable | 41 | €28,622 | €61,638 | +€33,016 | +115% |
| Cash at bank and in hand | 54/58 | €541,425 | €627,381 | +€85,956 | +15.9% |
| Total equity and liabilities | 10/49 | €3,036,556 | €3,705,696 | +€669,140 | +22.0% |
| Equity | 10/15 | €551,206 | €469,000 | -€82,206 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €471,860 | €401,860 | -€70,000 | -14.8% |
| Distributable reserves | 133 | €471,860 | €401,860 | -€70,000 | -14.8% |
| Profit (loss) carried forward | 14 | €60,746 | €48,540 | -€12,206 | -20.1% |
| Amounts payable | 17/49 | €2,485,349 | €3,236,695 | +€751,346 | +30.2% |
| Amounts payable within one year | 42/48 | €2,485,349 | €3,236,695 | +€751,346 | +30.2% |
| Trade debts | 44 | €2,358,126 | €3,125,797 | +€767,670 | +32.6% |
| Suppliers | 440/4 | €2,358,126 | €3,125,797 | +€767,670 | +32.6% |
| Taxes, remuneration and social security | 45 | €30,387 | €28,602 | -€1,785 | -5.9% |
| Taxes | 450/3 | €27,939 | €26,484 | -€1,455 | -5.2% |
| Remuneration and social security | 454/9 | €2,448 | €2,118 | -€330 | -13.5% |
| Other amounts payable | 47/48 | €96,836 | €82,296 | -€14,540 | -15.0% |
| Non-recurring operating income | 76A | €4,566 | - | -€4,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,893 | €92,876 | +€983 | +1.1% |
| Other operating charges | 640/8 | €8,345 | €3,540 | -€4,805 | -57.6% |
| Gross operating margin | 9900 | €263,168 | €88,614 | -€174,554 | -66.3% |
| Operating profit (loss) | 9901 | €162,930 | -€7,802 | -€170,732 | |
| Financial income | 75/76B | €198 | €0 | -€198 | -100.0% |
| Recurring financial income | 75 | €198 | €0 | -€198 | -100.0% |
| Financial charges | 65/66B | €1,555 | €758 | -€796 | -51.2% |
| Recurring financial charges | 65 | €707 | €758 | +€52 | +7.3% |
| Non-recurring financial charges | 66B | €848 | - | -€848 | |
| Profit (loss) for the period before taxes | 9903 | €161,574 | -€8,561 | -€170,134 | |
| Income taxes | 67/77 | €50,870 | €3,645 | -€47,224 | -92.8% |
| Profit (loss) for the period | 9904 | €110,704 | -€12,206 | -€122,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,704 | -€12,206 | -€122,910 |
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 28 October 2026 via checked.be.