Lawica: what changed
What changed
Lawica
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€7,004
2024 · €5,764+€1,240
Equity
€27,904
2024 · €20,900+€7,004
Cash
€553
2024 · €3,617-€3,064
Balance sheet total
€310,797
2024 · €336,603-€25,806
Largest movements
Assets
- Tangible fixed assets -€22,689
down €22,689 (-8.4%), from €270,606 to €247,917
of which Land and buildings: -€19,963
Equity and liabilities
- Debts after one year -€34,401
down €34,401 (-16.2%), from €211,802 to €177,401
- Reserves +€7,004
up €7,004 (+47.6%), from €14,700 to €21,704
Income statement
- Depreciation -€961
down €961 (-4.1%), from €23,650 to €22,689
- Financial charges -€743
down €743 (-9.3%), from €7,976 to €7,233
- Taxes +€579
up €579 (+21.5%), from €2,690 to €3,269
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,764
Gross operating margin
+€121
Depreciation
+€961
Other operating charges
-€6
Financial charges
+€743
Taxes
-€579
Result 2025
€7,004
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,221
Investment
€0
Financing
-€35,285
Cash 2024
€3,617
From operations (derived)
+€32,221
Net result for the year
+€7,004
Depreciation
+€22,689
Receivables within one year
+€53
Trade debts
-€332
Other debts
+€3,171
Accrued charges and deferred income
-€364
Financing
-€35,285
Debts after one year
-€34,401
Current portion of long-term debt
-€884
Cash 2025
€553
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €336,603 | €310,797 | -€25,806 | -7.7% |
| Fixed assets | 21/28 | €270,606 | €247,917 | -€22,689 | -8.4% |
| Tangible fixed assets | 22/27 | €270,606 | €247,917 | -€22,689 | -8.4% |
| Land and buildings | 22 | €265,565 | €245,602 | -€19,963 | -7.5% |
| Plant, machinery and equipment | 23 | €2,820 | €1,205 | -€1,615 | -57.3% |
| Furniture and vehicles | 24 | €2,221 | €1,110 | -€1,111 | -50.0% |
| Current assets | 29/58 | €65,997 | €62,880 | -€3,117 | -4.7% |
| Amounts receivable within one year | 40/41 | €62,380 | €62,327 | -€53 | -0.1% |
| Other amounts receivable | 41 | €62,380 | €62,327 | -€53 | -0.1% |
| Cash at bank and in hand | 54/58 | €3,617 | €553 | -€3,064 | -84.7% |
| Total equity and liabilities | 10/49 | €336,603 | €310,797 | -€25,806 | -7.7% |
| Equity | 10/15 | €20,900 | €27,904 | +€7,004 | +33.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,700 | €21,704 | +€7,004 | +47.6% |
| Distributable reserves | 133 | €14,700 | €21,704 | +€7,004 | +47.6% |
| Amounts payable | 17/49 | €315,703 | €282,893 | -€32,810 | -10.4% |
| Amounts payable after more than one year | 17 | €211,802 | €177,401 | -€34,401 | -16.2% |
| Financial debts | 170/4 | €211,802 | €177,401 | -€34,401 | -16.2% |
| Amounts payable within one year | 42/48 | €99,550 | €101,505 | +€1,955 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €35,285 | €34,401 | -€884 | -2.5% |
| Trade debts | 44 | €1,386 | €1,054 | -€332 | -24.0% |
| Suppliers | 440/4 | €1,386 | €1,054 | -€332 | -24.0% |
| Other amounts payable | 47/48 | €62,879 | €66,050 | +€3,171 | +5.0% |
| Accrued charges and deferred income | 492/3 | €4,351 | €3,987 | -€364 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,650 | €22,689 | -€961 | -4.1% |
| Other operating charges | 640/8 | €2,286 | €2,292 | +€6 | +0.3% |
| Gross operating margin | 9900 | €42,366 | €42,487 | +€121 | +0.3% |
| Operating profit (loss) | 9901 | €16,430 | €17,506 | +€1,076 | +6.5% |
| Financial charges | 65/66B | €7,976 | €7,233 | -€743 | -9.3% |
| Recurring financial charges | 65 | €7,976 | €7,233 | -€743 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,454 | €10,273 | +€1,819 | +21.5% |
| Income taxes | 67/77 | €2,690 | €3,269 | +€579 | +21.5% |
| Profit (loss) for the period | 9904 | €5,764 | €7,004 | +€1,240 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,764 | €7,004 | +€1,240 | +21.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.