LAWOTI: 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.
LAWOTI
Largest movements
- Tangible fixed assets +€261,414
up €261,414 (+1,388%), from €18,838 to €280,252
of which Land and buildings: +€266,559
- Cash -€68,105
down €68,105 (-13.5%), from €505,883 to €437,778
mainly Contributions, distributions and other (-€499,000) and Investment in fixed assets (net) (-€266,559)
- Deferred charges and accrued income +€10,117
up €10,117 (+513%), from €1,971 to €12,089
- Reserves -€331,637
down €331,637 (-61.1%), from €542,827 to €211,190
- Debts after one year +€268,694
new in 2025: €268,694
- Other debts +€241,474
up €241,474 (+4,025%), from €5,999 to €247,473
- Tax, wage and social debts +€22,953
up €22,953 (+131%), from €17,474 to €40,426
- Financial income +€14,726
up €14,726 (+246%), from €5,980 to €20,705
- Gross operating margin -€14,154
down €14,154 (-5.8%), from €242,641 to €228,487
- Financial charges +€6,630
up €6,630 (+558%), from €1,187 to €7,817
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 | €568,275 | €775,206 | +€206,931 | +36.4% |
| Fixed assets | 21/28 | €18,838 | €280,252 | +€261,414 | +1,388% |
| Tangible fixed assets | 22/27 | €18,838 | €280,252 | +€261,414 | +1,388% |
| Land and buildings | 22 | - | €266,559 | +€266,559 | |
| Plant, machinery and equipment | 23 | €5,939 | €4,916 | -€1,023 | -17.2% |
| Furniture and vehicles | 24 | €12,899 | €8,777 | -€4,122 | -32.0% |
| Current assets | 29/58 | €549,437 | €494,954 | -€54,483 | -9.9% |
| Amounts receivable within one year | 40/41 | €41,582 | €45,088 | +€3,506 | +8.4% |
| Trade receivables | 40 | €29,382 | €29,296 | -€86 | -0.3% |
| Other amounts receivable | 41 | €12,200 | €15,792 | +€3,592 | +29.4% |
| Cash at bank and in hand | 54/58 | €505,883 | €437,778 | -€68,105 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,971 | €12,089 | +€10,117 | +513% |
| Total equity and liabilities | 10/49 | €568,275 | €775,206 | +€206,931 | +36.4% |
| Equity | 10/15 | €542,827 | €216,190 | -€326,637 | -60.2% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €542,827 | €211,190 | -€331,637 | -61.1% |
| Distributable reserves | 133 | €542,827 | €211,190 | -€331,637 | -61.1% |
| Amounts payable | 17/49 | €25,448 | €559,016 | +€533,568 | +2,097% |
| Amounts payable after more than one year | 17 | - | €268,694 | +€268,694 | |
| Financial debts | 170/4 | - | €268,694 | +€268,694 | |
| Amounts payable within one year | 42/48 | €25,448 | €290,106 | +€264,657 | +1,040% |
| Trade debts | 44 | €1,975 | €2,206 | +€231 | +11.7% |
| Suppliers | 440/4 | €1,975 | €2,206 | +€231 | +11.7% |
| Taxes, remuneration and social security | 45 | €17,474 | €40,426 | +€22,953 | +131% |
| Taxes | 450/3 | €17,474 | €40,426 | +€22,953 | +131% |
| Other amounts payable | 47/48 | €5,999 | €247,473 | +€241,474 | +4,025% |
| Accrued charges and deferred income | 492/3 | - | €216 | +€216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €5,145 | +€407 | +8.6% |
| Other operating charges | 640/8 | €791 | €386 | -€405 | -51.2% |
| Gross operating margin | 9900 | €242,641 | €228,487 | -€14,154 | -5.8% |
| Operating profit (loss) | 9901 | €237,112 | €222,956 | -€14,156 | -6.0% |
| Financial income | 75/76B | €5,980 | €20,705 | +€14,726 | +246% |
| Recurring financial income | 75 | €5,980 | €20,705 | +€14,726 | +246% |
| Financial charges | 65/66B | €1,187 | €7,817 | +€6,630 | +558% |
| Recurring financial charges | 65 | €1,187 | €7,817 | +€6,630 | +558% |
| Profit (loss) for the period before taxes | 9903 | €241,904 | €235,844 | -€6,060 | -2.5% |
| Income taxes | 67/77 | €64,003 | €63,481 | -€522 | -0.8% |
| Profit (loss) for the period | 9904 | €177,901 | €172,363 | -€5,537 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €177,901 | €172,363 | -€5,537 | -3.1% |
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 16 October 2026 via checked.be.