LEWKOWICZ ADVICE: 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.
LEWKOWICZ ADVICE
Largest movements
- Receivables within one year -€7,214
down €7,214 (-62.4%), from €11,563 to €4,349
of which Other amounts receivable: -€8,225
- Reserves -€15,213
down €15,213 (-4.7%), from €322,531 to €307,318
- Other debts +€7,506
up €7,506 (+95.5%), from €7,861 to €15,367
- Financial income +€6,241
new in 2025: €6,241
- Gross operating margin +€5,917
up €5,917 (+23.3%), from -€25,396 to -€19,479
- Depreciation -€2,247
down €2,247 (-68.7%), from €3,270 to €1,022
- Taxes +€305
up €305, from €0 to €305
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 | €334,764 | €326,814 | -€7,950 | -2.4% |
| Fixed assets | 21/28 | €1,047 | €25 | -€1,022 | -97.6% |
| Tangible fixed assets | 22/27 | €1,022 | €0 | -€1,022 | -100% |
| Furniture and vehicles | 24 | €1,022 | €0 | -€1,022 | -100% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €333,717 | €326,789 | -€6,928 | -2.1% |
| Amounts receivable within one year | 40/41 | €11,563 | €4,349 | -€7,214 | -62.4% |
| Trade receivables | 40 | €0 | €1,011 | +€1,011 | |
| Other amounts receivable | 41 | €11,563 | €3,339 | -€8,225 | -71.1% |
| Current investments | 50/53 | €313,346 | €315,981 | +€2,634 | +0.8% |
| Cash at bank and in hand | 54/58 | €8,280 | €5,694 | -€2,586 | -31.2% |
| Deferred charges and accrued income | 490/1 | €527 | €765 | +€238 | +45.2% |
| Total equity and liabilities | 10/49 | €334,764 | €326,814 | -€7,950 | -2.4% |
| Equity | 10/15 | €325,531 | €310,318 | -€15,213 | -4.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €322,531 | €307,318 | -€15,213 | -4.7% |
| Distributable reserves | 133 | €322,531 | €307,318 | -€15,213 | -4.7% |
| Amounts payable | 17/49 | €9,233 | €16,496 | +€7,263 | +78.7% |
| Amounts payable within one year | 42/48 | €9,233 | €16,496 | +€7,263 | +78.7% |
| Trade debts | 44 | €1,372 | €1,129 | -€243 | -17.7% |
| Suppliers | 440/4 | €1,372 | €1,129 | -€243 | -17.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,861 | €15,367 | +€7,506 | +95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,270 | €1,022 | -€2,247 | -68.7% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | -€25,396 | -€19,479 | +€5,917 | +23.3% |
| Operating profit (loss) | 9901 | -€29,230 | -€21,084 | +€8,146 | +27.9% |
| Financial income | 75/76B | - | €6,241 | +€6,241 | |
| Recurring financial income | 75 | - | €6,241 | +€6,241 | |
| Financial charges | 65/66B | €39 | €65 | +€26 | +66.9% |
| Recurring financial charges | 65 | €39 | €65 | +€26 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,269 | -€14,909 | +€14,360 | +49.1% |
| Income taxes | 67/77 | €0 | €305 | +€305 | |
| Profit (loss) for the period | 9904 | -€29,269 | -€15,213 | +€14,056 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,269 | -€15,213 | +€14,056 | +48.0% |
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 27 October 2026 via checked.be.