LayerWise: 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.
What changed
LayerWise
NACE 25.402, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13.1m
2024 · -€10.1m-€3.0m
Equity
-€27.6m
2024 · -€14.5m-€13.1m
Cash
€436,475
2024 · €3.3m-€2.9m
Balance sheet total
€46.7m
2024 · €47.3m-€522,254
Largest movements
Assets
- Receivables within one year +€4.9m
up €4.9m (+19.8%), from €24.8m to €29.7m
of which Trade receivables: +€5.0m
- Cash -€2.9m
down €2.9m (-87.0%), from €3.3m to €436,475
mainly Net result for the year (-€13.1m) and Receivables within one year (-€4.9m)
- Tangible fixed assets -€1.8m
down €1.8m (-11.1%), from €15.9m to €14.2m
of which Other tangible fixed assets: -€1.3m
- Stocks and contracts -€506,869
down €506,869 (-24.8%), from €2.0m to €1.5m
of which Stocks: -€506,869
Equity and liabilities
- Profit (loss) carried forward -€13.1m
down €13.1m (-84.5%), from -€15.5m to -€28.6m
- Debts after one year +€13.1m
up €13.1m (+28.9%), from €45.2m to €58.3m
- Accrued charges and deferred income -€576,721
down €576,721 (-87.2%), from €661,093 to €84,372
Income statement
- Turnover -€18.6m
down €18.6m (-40.5%), from €45.9m to €27.3m
- Goods and materials -€6.2m
down €6.2m (-41.2%), from €14.9m to €8.8m
of which Purchases: -€5.3m
- Financial charges +€1.9m
up €1.9m (+106.1%), from €1.8m to €3.7m
of which Financial charges: +€2.2m
- Services and other goods -€1.7m
down €1.7m (-14.0%), from €12.3m to €10.6m
- Write-downs +€1.3m
up €1.3m, from -€1.0m to €218,877
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.
Result 2024
-€10.1m
Turnover
-€18.6m
Other operating income
+€1.0m
Goods and materials
+€6.2m
Services and other goods
+€1.7m
Staff costs
-€192,779
Depreciation
-€776,642
Write-downs
-€1.3m
Provisions
+€27,846
Other operating charges
-€44,983
Other operating items
+€10.6m
Financial income
+€202,129
Financial charges
-€1.9m
Taxes
-€11,844
Result 2025
-€13.1m
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.
From operations
-€12.3m
Investment
-€3.7m
Financing
+€13.1m
Cash 2024
€3.3m
From operations (derived)
-€12.3m
Net result for the year
-€13.1m
Depreciation
+€5.5m
Stocks and contracts
+€506,869
Receivables within one year
-€4.9m
Deferred charges and accrued income
+€204,816
Provisions
-€40,294
Trade debts
+€363,744
Tax, wage and social debts
-€94,242
Advances received
-€146,774
Accrued charges and deferred income
-€576,721
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€3.7m
Financing
+€13.1m
Debts after one year
+€13.1m
Cash 2025
€436,475
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,262,117 | €46,739,863 | -€522,254 | -1.1% |
| Fixed assets | 21/28 | €16,723,297 | €14,922,327 | -€1.8m | -10.8% |
| Intangible fixed assets | 21 | €1 | €430,043 | +€430,042 | +58113754.1% |
| Tangible fixed assets | 22/27 | €15,938,883 | €14,168,640 | -€1.8m | -11.1% |
| Plant, machinery and equipment | 23 | €7,917,367 | €7,382,735 | -€534,632 | -6.8% |
| Furniture and vehicles | 24 | €915,446 | €913,423 | -€2,023 | -0.2% |
| Other tangible fixed assets | 26 | €6,253,660 | €4,968,487 | -€1.3m | -20.6% |
| Assets under construction and advance payments | 27 | €852,410 | €903,995 | +€51,585 | +6.1% |
| Financial fixed assets | 28 | €784,413 | €323,645 | -€460,768 | -58.7% |
| Affiliated companies | 280/1 | €660,768 | €0 | -€660,768 | -100.0% |
| Participating interests | 280 | €660,768 | €0 | -€660,768 | -100.0% |
| Other financial fixed assets | 284/8 | €123,645 | €323,645 | +€200,000 | +161.8% |
| Amounts receivable and cash guarantees | 285/8 | €123,645 | €323,645 | +€200,000 | +161.8% |
| Current assets | 29/58 | €30,538,821 | €31,817,536 | +€1.3m | +4.2% |
| Stocks and contracts in progress | 3 | €2,044,552 | €1,537,683 | -€506,869 | -24.8% |
| Stocks | 30/36 | €2,044,552 | €1,537,683 | -€506,869 | -24.8% |
| Raw materials and consumables | 30/31 | €1,397,910 | €918,296 | -€479,614 | -34.3% |
| Work in progress | 32 | €0 | - | = | |
| Finished goods | 33 | €646,641 | €619,387 | -€27,254 | -4.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,811,244 | €29,713,171 | +€4.9m | +19.8% |
| Trade receivables | 40 | €23,900,433 | €28,912,466 | +€5.0m | +21.0% |
| Other amounts receivable | 41 | €910,811 | €800,705 | -€110,106 | -12.1% |
| Cash at bank and in hand | 54/58 | €3,348,003 | €436,475 | -€2.9m | -87.0% |
| Deferred charges and accrued income | 490/1 | €335,022 | €130,207 | -€204,816 | -61.1% |
| Total equity and liabilities | 10/49 | €47,262,117 | €46,739,863 | -€522,254 | -1.1% |
| Equity | 10/15 | -€14,474,451 | -€27,561,576 | -€13.1m | -90.4% |
| Contributions | 10/11 | €925,000 | €925,000 | = | 0.0% |
| Capital | 10 | €925,000 | €925,000 | = | 0.0% |
| Issued capital | 100 | €925,000 | €925,000 | = | 0.0% |
| Reserves | 13 | €92,500 | €92,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €92,500 | €92,500 | = | 0.0% |
| Legal reserve | 130 | €92,500 | €92,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,491,951 | -€28,579,076 | -€13.1m | -84.5% |
| Provisions and deferred taxes | 16 | €42,966 | €2,672 | -€40,294 | -93.8% |
| Provisions for liabilities and charges | 160/5 | €42,966 | €2,672 | -€40,294 | -93.8% |
| Other liabilities and charges | 164/5 | €42,966 | €2,672 | -€40,294 | -93.8% |
| Amounts payable | 17/49 | €61,693,602 | €74,298,767 | +€12.6m | +20.4% |
| Amounts payable after more than one year | 17 | €45,244,994 | €58,304,153 | +€13.1m | +28.9% |
| Financial debts | 170/4 | €45,244,994 | €58,304,153 | +€13.1m | +28.9% |
| Other loans | 174 | €45,244,994 | €58,304,153 | +€13.1m | +28.9% |
| Amounts payable within one year | 42/48 | €15,787,515 | €15,910,243 | +€122,728 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €4,500,000 | €4,500,000 | = | 0.0% |
| Trade debts | 44 | €8,584,107 | €8,947,851 | +€363,744 | +4.2% |
| Suppliers | 440/4 | €8,584,107 | €8,947,851 | +€363,744 | +4.2% |
| Advances received on contracts in progress | 46 | €152,323 | €5,549 | -€146,774 | -96.4% |
| Taxes, remuneration and social security | 45 | €2,551,085 | €2,456,843 | -€94,242 | -3.7% |
| Taxes | 450/3 | €487,897 | €466,838 | -€21,059 | -4.3% |
| Remuneration and social security | 454/9 | €2,063,188 | €1,990,006 | -€73,182 | -3.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €661,093 | €84,372 | -€576,721 | -87.2% |
| Operating income | 70/76A | €38,084,041 | €31,355,849 | -€6.7m | -17.7% |
| Turnover | 70 | €45,944,536 | €27,343,882 | -€18.6m | -40.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€10,674,645 | €182,722 | +€10.9m | |
| Other operating income | 74 | €2,814,149 | €3,821,737 | +€1.0m | +35.8% |
| Non-recurring operating income | 76A | €0 | €7,508 | +€7,508 | |
| Operating charges | 60/66A | €46,418,820 | €41,032,204 | -€5.4m | -11.6% |
| Goods for resale, raw materials and consumables | 60 | €14,943,946 | €8,790,608 | -€6.2m | -41.2% |
| Purchases | 600/8 | €13,648,533 | €8,310,993 | -€5.3m | -39.1% |
| Change in stocks: decrease (increase) | 609 | €1,295,413 | €479,614 | -€815,798 | -63.0% |
| Services and other goods | 61 | €12,348,153 | €10,617,895 | -€1.7m | -14.0% |
| Remuneration, social security and pensions | 62 | €15,389,286 | €15,582,065 | +€192,779 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,683,258 | €5,459,900 | +€776,642 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,038,000 | €218,877 | +€1.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,448 | -€40,294 | -€27,846 | -223.7% |
| Other operating charges | 640/8 | €85,737 | €130,721 | +€44,983 | +52.5% |
| Non-recurring operating charges | 66A | €18,888 | €272,433 | +€253,545 | +1342.4% |
| Operating profit (loss) | 9901 | -€8,334,779 | -€9,676,355 | -€1.3m | -16.1% |
| Financial income | 75/76B | €67,486 | €269,614 | +€202,129 | +299.5% |
| Recurring financial income | 75 | €67,486 | €269,614 | +€202,129 | +299.5% |
| Other financial income | 752/9 | €67,486 | €269,614 | +€202,129 | +299.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,772,285 | €3,652,065 | +€1.9m | +106.1% |
| Recurring financial charges | 65 | €1,416,508 | €3,652,025 | +€2.2m | +157.8% |
| Debt charges | 650 | €1,257,382 | €3,494,154 | +€2.2m | +177.9% |
| Other financial charges | 652/9 | €159,127 | €157,872 | -€1,255 | -0.8% |
| Non-recurring financial charges | 66B | €355,777 | €39 | -€355,738 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,039,578 | -€13,058,806 | -€3.0m | -30.1% |
| Income taxes | 67/77 | €16,475 | €28,319 | +€11,844 | +71.9% |
| Taxes | 670/3 | €16,475 | €28,319 | +€11,844 | +71.9% |
| Profit (loss) for the period | 9904 | -€10,056,054 | -€13,087,125 | -€3.0m | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,056,054 | -€13,087,125 | -€3.0m | -30.1% |
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 1 October 2026 via checked.be.