LAWRAH: 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.
LAWRAH
Largest movements
- Cash +€69,589
up €69,589 (+165%), from €42,194 to €111,784
mainly Net result for the year (+€68,884) and Depreciation (+€16,628)
- Tangible fixed assets -€13,314
down €13,314 (-1.9%), from €693,736 to €680,422
of which Land and buildings: -€12,688
- Reserves +€68,884
up €68,884 (+26.1%), from €263,635 to €332,519
- Debts after one year -€22,618
down €22,618 (-6.3%), from €360,430 to €337,812
- Gross operating margin +€12,601
up €12,601 (+10.1%), from €124,484 to €137,084
- Taxes +€3,239
up €3,239 (+13.5%), from €24,039 to €27,278
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 | €765,562 | €824,085 | +€58,523 | +7.6% |
| Fixed assets | 21/28 | €693,736 | €680,422 | -€13,314 | -1.9% |
| Tangible fixed assets | 22/27 | €693,736 | €680,422 | -€13,314 | -1.9% |
| Land and buildings | 22 | €691,402 | €678,714 | -€12,688 | -1.8% |
| Furniture and vehicles | 24 | €2,334 | €1,708 | -€626 | -26.8% |
| Current assets | 29/58 | €71,827 | €143,663 | +€71,836 | +100% |
| Amounts receivable within one year | 40/41 | €29,500 | €29,798 | +€298 | +1.0% |
| Trade receivables | 40 | €29,500 | €29,798 | +€298 | +1.0% |
| Cash at bank and in hand | 54/58 | €42,194 | €111,784 | +€69,589 | +165% |
| Deferred charges and accrued income | 490/1 | €132 | €2,081 | +€1,949 | +1,472% |
| Total equity and liabilities | 10/49 | €765,562 | €824,085 | +€58,523 | +7.6% |
| Equity | 10/15 | €263,636 | €332,520 | +€68,884 | +26.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €263,635 | €332,519 | +€68,884 | +26.1% |
| Distributable reserves | 133 | €263,635 | €332,519 | +€68,884 | +26.1% |
| Amounts payable | 17/49 | €501,926 | €491,565 | -€10,362 | -2.1% |
| Amounts payable after more than one year | 17 | €360,430 | €337,812 | -€22,618 | -6.3% |
| Financial debts | 170/4 | €360,430 | €337,812 | -€22,618 | -6.3% |
| Amounts payable within one year | 42/48 | €136,800 | €142,470 | +€5,670 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €21,780 | €22,618 | +€838 | +3.8% |
| Trade debts | 44 | €3,164 | €4,539 | +€1,375 | +43.5% |
| Suppliers | 440/4 | €3,164 | €4,539 | +€1,375 | +43.5% |
| Taxes, remuneration and social security | 45 | €20,685 | €24,672 | +€3,987 | +19.3% |
| Taxes | 450/3 | €20,685 | €21,785 | +€1,100 | +5.3% |
| Remuneration and social security | 454/9 | - | €2,887 | +€2,887 | |
| Other amounts payable | 47/48 | €91,171 | €90,641 | -€530 | -0.6% |
| Accrued charges and deferred income | 492/3 | €4,696 | €11,283 | +€6,586 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,900 | €16,628 | -€272 | -1.6% |
| Other operating charges | 640/8 | €2,452 | €2,768 | +€316 | +12.9% |
| Gross operating margin | 9900 | €124,484 | €137,084 | +€12,601 | +10.1% |
| Operating profit (loss) | 9901 | €105,132 | €117,688 | +€12,557 | +11.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,958 | €21,526 | +€567 | +2.7% |
| Recurring financial charges | 65 | €20,958 | €21,526 | +€567 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €84,173 | €96,163 | +€11,989 | +14.2% |
| Income taxes | 67/77 | €24,039 | €27,278 | +€3,239 | +13.5% |
| Profit (loss) for the period | 9904 | €60,134 | €68,884 | +€8,750 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,134 | €68,884 | +€8,750 | +14.6% |
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 15 October 2026 via checked.be.