LAWSONS: what changed
Two fiscal 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.
LAWSONS
Largest movements
- Current investments +€199,983
up €199,983 (+33.0%), from €606,129 to €806,112
- Tangible fixed assets -€37,970
down €37,970 (-2.1%), from €1.8m to €1.8m
- Cash +€26,749
up €26,749 (+272.6%), from €9,813 to €36,562
mainly Contributions, distributions and other (+€250,000) and Depreciation (+€63,092)
- Contributions +€250,000
up €250,000 (+16.0%), from €1.6m to €1.8m
- Accrued charges and deferred income -€59,806
down €59,806 (-97.7%), from €61,232 to €1,426
- Gross operating margin +€121,465
up €121,465, from -€33,872 to €87,593
- Financial charges -€59,184
down €59,184 (-99.9%), from €59,240 to €56
- Depreciation +€42,297
up €42,297 (+203.4%), from €20,795 to €63,092
- Other operating charges +€11,448
up €11,448 (+1750.4%), from €654 to €12,102
- Financial income -€7,674
down €7,674 (-97.3%), from €7,884 to €210
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.
Cash bridge derived
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 | €2,419,225 | €2,613,541 | +€194,316 | +8.0% |
| Fixed assets | 21/28 | €1,799,106 | €1,761,136 | -€37,970 | -2.1% |
| Tangible fixed assets | 22/27 | €1,799,106 | €1,761,136 | -€37,970 | -2.1% |
| Land and buildings | 22 | €1,799,106 | €1,761,136 | -€37,970 | -2.1% |
| Current assets | 29/58 | €620,119 | €852,405 | +€232,286 | +37.5% |
| Amounts receivable within one year | 40/41 | €1,594 | €5,458 | +€3,865 | +242.5% |
| Trade receivables | 40 | €1,512 | €4,219 | +€2,707 | +179.1% |
| Other amounts receivable | 41 | €82 | €1,240 | +€1,157 | +1404.1% |
| Current investments | 50/53 | €606,129 | €806,112 | +€199,983 | +33.0% |
| Cash at bank and in hand | 54/58 | €9,813 | €36,562 | +€26,749 | +272.6% |
| Deferred charges and accrued income | 490/1 | €2,583 | €4,273 | +€1,689 | +65.4% |
| Total equity and liabilities | 10/49 | €2,419,225 | €2,613,541 | +€194,316 | +8.0% |
| Equity | 10/15 | €1,229,328 | €1,488,819 | +€259,491 | +21.1% |
| Contributions | 10/11 | €1,562,370 | €1,812,370 | +€250,000 | +16.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,542 | -€330,051 | +€9,491 | +2.8% |
| Amounts payable | 17/49 | €1,189,897 | €1,124,721 | -€65,175 | -5.5% |
| Amounts payable after more than one year | 17 | €20,200 | €21,500 | +€1,300 | +6.4% |
| Other amounts payable | 178/9 | €20,200 | €21,500 | +€1,300 | +6.4% |
| Amounts payable within one year | 42/48 | €1,108,465 | €1,101,795 | -€6,670 | -0.6% |
| Trade debts | 44 | €8,241 | €5,448 | -€2,793 | -33.9% |
| Suppliers | 440/4 | €8,241 | €5,448 | -€2,793 | -33.9% |
| Taxes, remuneration and social security | 45 | €6,820 | €1,064 | -€5,756 | -84.4% |
| Taxes | 450/3 | €6,820 | €1,064 | -€5,756 | -84.4% |
| Other amounts payable | 47/48 | €1,093,404 | €1,095,283 | +€1,880 | +0.2% |
| Accrued charges and deferred income | 492/3 | €61,232 | €1,426 | -€59,806 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,795 | €63,092 | +€42,297 | +203.4% |
| Other operating charges | 640/8 | €654 | €12,102 | +€11,448 | +1750.4% |
| Non-recurring operating charges | 66A | - | €3,062 | +€3,062 | |
| Gross operating margin | 9900 | -€33,872 | €87,593 | +€121,465 | |
| Operating profit (loss) | 9901 | -€55,321 | €9,337 | +€64,658 | |
| Financial income | 75/76B | €7,884 | €210 | -€7,674 | -97.3% |
| Recurring financial income | 75 | €7,884 | €210 | -€7,674 | -97.3% |
| Financial charges | 65/66B | €59,240 | €56 | -€59,184 | -99.9% |
| Recurring financial charges | 65 | €59,240 | €56 | -€59,184 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€106,677 | €9,491 | +€116,168 | |
| Profit (loss) for the period | 9904 | -€106,677 | €9,491 | +€116,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,677 | €9,491 | +€116,168 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.