LLWL: what changed
LLWL
Largest movements
- Cash +€3,926
up €3,926 (+26.1%), from €15,020 to €18,946
mainly Net result for the year (+€13,915) and Depreciation (+€1,763)
- Tangible fixed assets -€1,755
down €1,755 (-34.1%), from €5,152 to €3,397
of which Plant, machinery and equipment: -€1,230
- Stocks and contracts -€536
down €536 (-12.7%), from €4,205 to €3,669
- Profit (loss) carried forward +€13,373
up €13,373 (+72.5%), from -€18,443 to -€5,070
- Tax, wage and social debts -€8,417
down €8,417 (-59.4%), from €14,181 to €5,764
of which Remuneration and social security: -€8,337
- Other debts -€2,674
down €2,674 (-85.7%), from €3,122 to €448
- Trade debts -€651
down €651 (-12.1%), from €5,386 to €4,735
- Staff costs -€17,910
down €17,910, from €16,653 to -€1,257
- Gross operating margin -€7,117
down €7,117 (-30.7%), from €23,216 to €16,099
- Depreciation -€679
down €679 (-27.8%), from €2,442 to €1,763
- Other operating charges -€592
down €592 (-28.2%), from €2,097 to €1,505
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,185 | €26,746 | +€1,561 | +6.2% |
| Fixed assets | 21/28 | €5,160 | €3,397 | -€1,763 | -34.2% |
| Intangible fixed assets | 21 | €8 | - | -€8 | |
| Tangible fixed assets | 22/27 | €5,152 | €3,397 | -€1,755 | -34.1% |
| Land and buildings | 22 | €884 | €692 | -€192 | -21.7% |
| Plant, machinery and equipment | 23 | €3,466 | €2,236 | -€1,230 | -35.5% |
| Other tangible fixed assets | 26 | €802 | €469 | -€333 | -41.5% |
| Current assets | 29/58 | €20,025 | €23,349 | +€3,324 | +16.6% |
| Stocks and contracts in progress | 3 | €4,205 | €3,669 | -€536 | -12.7% |
| Stocks | 30/36 | €4,205 | €3,669 | -€536 | -12.7% |
| Amounts receivable within one year | 40/41 | €800 | €561 | -€239 | -29.9% |
| Trade receivables | 40 | €180 | - | -€180 | |
| Other amounts receivable | 41 | €620 | €561 | -€59 | -9.5% |
| Cash at bank and in hand | 54/58 | €15,020 | €18,946 | +€3,926 | +26.1% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €25,185 | €26,746 | +€1,561 | +6.2% |
| Equity | 10/15 | €2,017 | €15,390 | +€13,373 | +663% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,443 | -€5,070 | +€13,373 | +72.5% |
| Amounts payable | 17/49 | €23,168 | €11,356 | -€11,812 | -51.0% |
| Amounts payable within one year | 42/48 | €22,689 | €10,947 | -€11,742 | -51.8% |
| Trade debts | 44 | €5,386 | €4,735 | -€651 | -12.1% |
| Suppliers | 440/4 | €5,386 | €4,735 | -€651 | -12.1% |
| Taxes, remuneration and social security | 45 | €14,181 | €5,764 | -€8,417 | -59.4% |
| Taxes | 450/3 | €1,244 | €1,164 | -€80 | -6.4% |
| Remuneration and social security | 454/9 | €12,937 | €4,600 | -€8,337 | -64.4% |
| Other amounts payable | 47/48 | €3,122 | €448 | -€2,674 | -85.7% |
| Accrued charges and deferred income | 492/3 | €479 | €409 | -€70 | -14.6% |
| Remuneration, social security and pensions | 62 | €16,653 | -€1,257 | -€17,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,442 | €1,763 | -€679 | -27.8% |
| Other operating charges | 640/8 | €2,097 | €1,505 | -€592 | -28.2% |
| Gross operating margin | 9900 | €23,216 | €16,099 | -€7,117 | -30.7% |
| Operating profit (loss) | 9901 | €2,024 | €14,088 | +€12,064 | +596% |
| Financial charges | 65/66B | €288 | €173 | -€115 | -39.9% |
| Recurring financial charges | 65 | €288 | €173 | -€115 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €1,736 | €13,915 | +€12,179 | +702% |
| Profit (loss) for the period | 9904 | €1,736 | €13,915 | +€12,179 | +702% |
| Profit (loss) for the period to be appropriated | 9905 | €1,736 | €13,915 | +€12,179 | +702% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.