LEWIS: 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.
LEWIS
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+449%), from €294,118 to €1.6m
- Cash -€298,421
down €298,421 (-69.6%), from €428,728 to €130,308
mainly Investment in fixed assets (net) (-€1.4m) and Contributions, distributions and other (-€22,247)
- Tangible fixed assets +€52,702
up €52,702 (+293%), from €18,000 to €70,702
of which Furniture and vehicles: +€53,144
- Reserves +€487,471
up €487,471 (+76.0%), from €641,774 to €1.1m
- Debts after one year +€478,094
up €478,094 (+1,511%), from €31,634 to €509,728
- Current portion of long-term debt +€87,701
up €87,701 (+191%), from €45,878 to €133,580
- Financial income +€386,868
up €386,868 (+229%), from €169,285 to €556,152
of which Financial income: +€375,936
- Taxes +€28,723
up €28,723 (+92.3%), from €31,126 to €59,849
- Financial charges +€20,677
up €20,677 (+548%), from €3,773 to €24,450
- Gross operating margin -€14,074
down €14,074 (-23.0%), from €61,159 to €47,085
- Depreciation -€2,286
down €2,286 (-23.3%), from €9,790 to €7,505
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 | €799,251 | €1,888,587 | +€1.1m | +136% |
| Fixed assets | 21/28 | €312,118 | €1,684,820 | +€1.4m | +440% |
| Tangible fixed assets | 22/27 | €18,000 | €70,702 | +€52,702 | +293% |
| Plant, machinery and equipment | 23 | €705 | €263 | -€442 | -62.7% |
| Furniture and vehicles | 24 | €17,296 | €70,440 | +€53,144 | +307% |
| Financial fixed assets | 28 | €294,118 | €1,614,118 | +€1.3m | +449% |
| Current assets | 29/58 | €487,133 | €203,767 | -€283,366 | -58.2% |
| Amounts receivable within one year | 40/41 | €52,899 | €67,147 | +€14,248 | +26.9% |
| Trade receivables | 40 | €52,300 | €67,147 | +€14,847 | +28.4% |
| Other amounts receivable | 41 | €599 | €0 | -€599 | -100% |
| Cash at bank and in hand | 54/58 | €428,728 | €130,308 | -€298,421 | -69.6% |
| Deferred charges and accrued income | 490/1 | €5,506 | €6,312 | +€806 | +14.6% |
| Total equity and liabilities | 10/49 | €799,251 | €1,888,587 | +€1.1m | +136% |
| Equity | 10/15 | €657,666 | €1,145,137 | +€487,471 | +74.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €641,774 | €1,129,246 | +€487,471 | +76.0% |
| Distributable reserves | 133 | €641,774 | €1,129,246 | +€487,471 | +76.0% |
| Profit (loss) carried forward | 14 | €15,391 | €15,391 | = | 0.0% |
| Amounts payable | 17/49 | €141,586 | €743,450 | +€601,864 | +425% |
| Amounts payable after more than one year | 17 | €31,634 | €509,728 | +€478,094 | +1,511% |
| Financial debts | 170/4 | €31,634 | €509,728 | +€478,094 | +1,511% |
| Amounts payable within one year | 42/48 | €108,551 | €223,340 | +€114,789 | +106% |
| Current portion of amounts payable after more than one year | 42 | €45,878 | €133,580 | +€87,701 | +191% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €52,549 | €66,375 | +€13,826 | +26.3% |
| Taxes | 450/3 | €43,007 | €66,375 | +€23,368 | +54.3% |
| Remuneration and social security | 454/9 | €9,542 | €0 | -€9,542 | -100% |
| Other amounts payable | 47/48 | €10,123 | €23,386 | +€13,262 | +131% |
| Accrued charges and deferred income | 492/3 | €1,401 | €10,382 | +€8,981 | +641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,790 | €7,505 | -€2,286 | -23.3% |
| Other operating charges | 640/8 | €616 | €1,716 | +€1,099 | +178% |
| Gross operating margin | 9900 | €61,159 | €47,085 | -€14,074 | -23.0% |
| Operating profit (loss) | 9901 | €50,753 | €37,865 | -€12,888 | -25.4% |
| Financial income | 75/76B | €169,285 | €556,152 | +€386,868 | +229% |
| Recurring financial income | 75 | €169,285 | €545,220 | +€375,936 | +222% |
| Non-recurring financial income | 76B | - | €10,932 | +€10,932 | |
| Financial charges | 65/66B | €3,773 | €24,450 | +€20,677 | +548% |
| Recurring financial charges | 65 | €3,773 | €24,450 | +€20,677 | +548% |
| Profit (loss) for the period before taxes | 9903 | €216,264 | €569,567 | +€353,303 | +163% |
| Income taxes | 67/77 | €31,126 | €59,849 | +€28,723 | +92.3% |
| Profit (loss) for the period | 9904 | €185,138 | €509,719 | +€324,580 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €185,138 | €509,719 | +€324,580 | +175% |
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.