LJW: 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.
LJW
Largest movements
- Cash +€4,249
up €4,249 (+489.1%), from €869 to €5,118
mainly Debts after one year (+€144,430) and Net result for the year (+€21,079)
- Receivables within one year -€3,025
no longer reported in 2025 (was €3,025)
- Current portion of long-term debt -€159,990
down €159,990 (-90.8%), from €176,223 to €16,232
- Debts after one year +€144,430
new in 2025: €144,430
- Profit (loss) carried forward +€21,079
up €21,079 (+95.1%), from -€22,160 to -€1,080
- Gross operating margin +€11,087
up €11,087 (+61.4%), from €18,050 to €29,137
- Financial charges -€4,083
down €4,083 (-33.6%), from €12,141 to €8,058
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 | €247,868 | €250,462 | +€2,594 | +1.0% |
| Current assets | 29/58 | €247,868 | €250,462 | +€2,594 | +1.0% |
| Stocks and contracts in progress | 3 | €243,974 | €245,345 | +€1,370 | +0.6% |
| Stocks | 30/36 | €243,974 | €245,345 | +€1,370 | +0.6% |
| Amounts receivable within one year | 40/41 | €3,025 | - | -€3,025 | |
| Trade receivables | 40 | €3,025 | - | -€3,025 | |
| Cash at bank and in hand | 54/58 | €869 | €5,118 | +€4,249 | +489.1% |
| Total equity and liabilities | 10/49 | €247,868 | €250,462 | +€2,594 | +1.0% |
| Equity | 10/15 | -€7,160 | €13,920 | +€21,079 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,160 | -€1,080 | +€21,079 | +95.1% |
| Amounts payable | 17/49 | €255,028 | €236,543 | -€18,485 | -7.2% |
| Amounts payable after more than one year | 17 | - | €144,430 | +€144,430 | |
| Financial debts | 170/4 | - | €144,430 | +€144,430 | |
| Amounts payable within one year | 42/48 | €255,028 | €92,112 | -€162,915 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €176,223 | €16,232 | -€159,990 | -90.8% |
| Taxes, remuneration and social security | 45 | €1,575 | €1,050 | -€525 | -33.3% |
| Taxes | 450/3 | €1,575 | €1,050 | -€525 | -33.3% |
| Other amounts payable | 47/48 | €77,230 | €74,830 | -€2,400 | -3.1% |
| Gross operating margin | 9900 | €18,050 | €29,137 | +€11,087 | +61.4% |
| Operating profit (loss) | 9901 | €18,050 | €29,137 | +€11,087 | +61.4% |
| Financial charges | 65/66B | €12,141 | €8,058 | -€4,083 | -33.6% |
| Recurring financial charges | 65 | €12,141 | €8,058 | -€4,083 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €5,909 | €21,079 | +€15,171 | +256.8% |
| Profit (loss) for the period | 9904 | €5,909 | €21,079 | +€15,171 | +256.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,909 | €21,079 | +€15,171 | +256.8% |
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.