LIFEWARE: 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.
LIFEWARE
Largest movements
- Tangible fixed assets -€23,819
down €23,819 (-53.8%), from €44,257 to €20,438
of which Furniture and vehicles: -€22,678
- Deferred charges and accrued income +€9,477
up €9,477 (+50.7%), from €18,707 to €28,183
- Cash -€6,295
down €6,295 (-4.2%), from €150,060 to €143,766
mainly Accrued charges and deferred income (-€40,740) and Trade debts (-€31,960)
- Receivables within one year -€5,944
down €5,944 (-7.4%), from €80,391 to €74,447
of which Other amounts receivable: -€7,769
- Reserves +€41,511
up €41,511 (+41.4%), from €100,326 to €141,837
- Accrued charges and deferred income -€40,740
no longer reported in 2025 (was €40,740)
- Trade debts -€31,960
down €31,960 (-60.6%), from €52,739 to €20,780
- Tax, wage and social debts +€11,467
up €11,467 (+67.9%), from €16,883 to €28,351
of which Taxes: +€10,461
- Other debts -€10,168
down €10,168 (-73.1%), from €13,909 to €3,741
- Gross operating margin +€68,417
up €68,417 (+94.7%), from €72,223 to €140,640
- Taxes +€22,058
up €22,058 (+1249.3%), from €1,766 to €23,824
- Depreciation -€6,433
down €6,433 (-34.8%), from €18,495 to €12,062
- Financial charges +€1,545
up €1,545 (+95.1%), from €1,625 to €3,170
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 | €309,695 | €279,806 | -€29,889 | -9.7% |
| Fixed assets | 21/28 | €51,422 | €26,132 | -€25,289 | -49.2% |
| Intangible fixed assets | 21 | €6,365 | €4,894 | -€1,470 | -23.1% |
| Tangible fixed assets | 22/27 | €44,257 | €20,438 | -€23,819 | -53.8% |
| Land and buildings | 22 | €9,375 | €7,748 | -€1,627 | -17.4% |
| Plant, machinery and equipment | 23 | €2,777 | €3,263 | +€486 | +17.5% |
| Furniture and vehicles | 24 | €32,105 | €9,427 | -€22,678 | -70.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €258,273 | €253,674 | -€4,600 | -1.8% |
| Stocks and contracts in progress | 3 | €9,115 | €7,278 | -€1,837 | -20.2% |
| Stocks | 30/36 | €9,115 | €7,278 | -€1,837 | -20.2% |
| Amounts receivable within one year | 40/41 | €80,391 | €74,447 | -€5,944 | -7.4% |
| Trade receivables | 40 | €72,004 | €73,828 | +€1,824 | +2.5% |
| Other amounts receivable | 41 | €8,387 | €618 | -€7,769 | -92.6% |
| Cash at bank and in hand | 54/58 | €150,060 | €143,766 | -€6,295 | -4.2% |
| Deferred charges and accrued income | 490/1 | €18,707 | €28,183 | +€9,477 | +50.7% |
| Total equity and liabilities | 10/49 | €309,695 | €279,806 | -€29,889 | -9.7% |
| Equity | 10/15 | €175,424 | €216,935 | +€41,511 | +23.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €100,326 | €141,837 | +€41,511 | +41.4% |
| Distributable reserves | 133 | €100,326 | €141,837 | +€41,511 | +41.4% |
| Profit (loss) carried forward | 14 | €54,638 | €54,638 | = | 0.0% |
| Amounts payable | 17/49 | €134,271 | €62,871 | -€71,400 | -53.2% |
| Amounts payable within one year | 42/48 | €93,531 | €62,871 | -€30,660 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €52,739 | €20,780 | -€31,960 | -60.6% |
| Suppliers | 440/4 | €52,739 | €20,780 | -€31,960 | -60.6% |
| Taxes, remuneration and social security | 45 | €16,883 | €28,351 | +€11,467 | +67.9% |
| Taxes | 450/3 | €11,419 | €21,880 | +€10,461 | +91.6% |
| Remuneration and social security | 454/9 | €5,465 | €6,471 | +€1,006 | +18.4% |
| Other amounts payable | 47/48 | €13,909 | €3,741 | -€10,168 | -73.1% |
| Accrued charges and deferred income | 492/3 | €40,740 | - | -€40,740 | |
| Remuneration, social security and pensions | 62 | €50,361 | €49,836 | -€525 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,495 | €12,062 | -€6,433 | -34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €285 | €325 | +€40 | +13.9% |
| Other operating charges | 640/8 | €1,004 | €1,572 | +€568 | +56.6% |
| Non-recurring operating charges | 66A | - | €9,139 | +€9,139 | |
| Gross operating margin | 9900 | €72,223 | €140,640 | +€68,417 | +94.7% |
| Operating profit (loss) | 9901 | €2,078 | €67,706 | +€65,628 | +3157.5% |
| Financial income | 75/76B | €733 | €799 | +€66 | +9.0% |
| Recurring financial income | 75 | €733 | €799 | +€66 | +9.0% |
| Financial charges | 65/66B | €1,625 | €3,170 | +€1,545 | +95.1% |
| Recurring financial charges | 65 | €1,625 | €3,170 | +€1,545 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €1,186 | €65,335 | +€64,148 | +5407.8% |
| Income taxes | 67/77 | €1,766 | €23,824 | +€22,058 | +1249.3% |
| Profit (loss) for the period | 9904 | -€579 | €41,511 | +€42,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€579 | €41,511 | +€42,091 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.