LAWI: 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.
LAWI
Largest movements
- Current investments +€359,262
up €359,262 (+53.4%), from €672,821 to €1.0m
- Cash -€300,026
down €300,026 (-43.8%), from €685,328 to €385,302
mainly Current investments (-€359,262) and Receivables within one year (-€26,422)
- Receivables within one year +€26,422
up €26,422 (+155%), from €17,082 to €43,504
- Profit (loss) carried forward +€81,846
up €81,846 (+194%), from €42,244 to €124,090
- Financial income +€26,486
up €26,486 (+43.0%), from €61,587 to €88,073
- Gross operating margin -€2,504
down €2,504 (-100.0%), from -€2,505 to -€5,008
- Taxes -€1,381
no longer reported in 2025 (was €1,381)
- Other operating charges +€111
up €111 (+11.5%), from €968 to €1,078
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 | €1,450,778 | €1,536,436 | +€85,658 | +5.9% |
| Fixed assets | 21/28 | €75,547 | €75,547 | = | 0.0% |
| Tangible fixed assets | 22/27 | €75,547 | €75,547 | = | 0.0% |
| Land and buildings | 22 | €75,547 | €75,547 | = | 0.0% |
| Current assets | 29/58 | €1,375,231 | €1,460,889 | +€85,658 | +6.2% |
| Amounts receivable within one year | 40/41 | €17,082 | €43,504 | +€26,422 | +155% |
| Other amounts receivable | 41 | €17,082 | €43,504 | +€26,422 | +155% |
| Current investments | 50/53 | €672,821 | €1,032,083 | +€359,262 | +53.4% |
| Cash at bank and in hand | 54/58 | €685,328 | €385,302 | -€300,026 | -43.8% |
| Total equity and liabilities | 10/49 | €1,450,778 | €1,536,436 | +€85,658 | +5.9% |
| Equity | 10/15 | €1,449,157 | €1,531,003 | +€81,846 | +5.6% |
| Contributions | 10/11 | €382,025 | €382,025 | = | 0.0% |
| Reserves | 13 | €1,024,888 | €1,024,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,774 | €30,774 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,774 | €30,774 | = | 0.0% |
| Distributable reserves | 133 | €994,114 | €994,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,244 | €124,090 | +€81,846 | +194% |
| Amounts payable | 17/49 | €1,621 | €5,433 | +€3,812 | +235% |
| Amounts payable within one year | 42/48 | €1,621 | €5,433 | +€3,812 | +235% |
| Trade debts | 44 | €121 | €333 | +€212 | +175% |
| Suppliers | 440/4 | €121 | €333 | +€212 | +175% |
| Other amounts payable | 47/48 | €1,500 | €5,100 | +€3,600 | +240% |
| Other operating charges | 640/8 | €968 | €1,078 | +€111 | +11.5% |
| Gross operating margin | 9900 | -€2,505 | -€5,008 | -€2,504 | -100.0% |
| Operating profit (loss) | 9901 | -€3,472 | -€6,087 | -€2,615 | -75.3% |
| Financial income | 75/76B | €61,587 | €88,073 | +€26,486 | +43.0% |
| Recurring financial income | 75 | €61,587 | €88,073 | +€26,486 | +43.0% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,975 | €81,846 | +€23,871 | +41.2% |
| Income taxes | 67/77 | €1,381 | - | -€1,381 | |
| Profit (loss) for the period | 9904 | €56,594 | €81,846 | +€25,252 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,594 | €81,846 | +€25,252 | +44.6% |
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 13 October 2026 via checked.be.