LÖFGREN WALTER: 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.
LÖFGREN WALTER
Largest movements
- Tangible fixed assets -€23,512
down €23,512 (-9.7%), from €241,444 to €217,932
of which Land and buildings: -€16,700
- Cash +€9,271
up €9,271 (+13.9%), from €66,855 to €76,126
mainly Net result for the year (+€23,899) and Depreciation (+€23,512)
- Debts after one year -€34,775
down €34,775 (-25.2%), from €137,809 to €103,034
- Reserves +€23,899
up €23,899 (+17.2%), from €138,793 to €162,692
- Gross operating margin -€13,927
down €13,927 (-17.5%), from €79,479 to €65,553
- Depreciation -€6,125
down €6,125 (-20.7%), from €29,637 to €23,512
- Financial charges -€1,509
down €1,509 (-20.6%), from €7,311 to €5,802
- Taxes -€1,300
down €1,300 (-11.1%), from €11,670 to €10,370
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 | €328,559 | €314,143 | -€14,415 | -4.4% |
| Fixed assets | 21/28 | €241,444 | €217,932 | -€23,512 | -9.7% |
| Tangible fixed assets | 22/27 | €241,444 | €217,932 | -€23,512 | -9.7% |
| Land and buildings | 22 | €213,979 | €197,279 | -€16,700 | -7.8% |
| Plant, machinery and equipment | 23 | €23,416 | €19,841 | -€3,575 | -15.3% |
| Furniture and vehicles | 24 | €4,049 | €812 | -€3,237 | -79.9% |
| Current assets | 29/58 | €87,115 | €96,212 | +€9,097 | +10.4% |
| Stocks and contracts in progress | 3 | - | €368 | +€368 | |
| Stocks | 30/36 | - | €368 | +€368 | |
| Amounts receivable within one year | 40/41 | €16,993 | €16,473 | -€520 | -3.1% |
| Trade receivables | 40 | €16,993 | €16,473 | -€520 | -3.1% |
| Cash at bank and in hand | 54/58 | €66,855 | €76,126 | +€9,271 | +13.9% |
| Deferred charges and accrued income | 490/1 | €3,267 | €3,245 | -€22 | -0.7% |
| Total equity and liabilities | 10/49 | €328,559 | €314,143 | -€14,415 | -4.4% |
| Equity | 10/15 | €151,193 | €175,092 | +€23,899 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,793 | €162,692 | +€23,899 | +17.2% |
| Distributable reserves | 133 | €138,793 | €162,692 | +€23,899 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €177,366 | €139,051 | -€38,315 | -21.6% |
| Amounts payable after more than one year | 17 | €137,809 | €103,034 | -€34,775 | -25.2% |
| Financial debts | 170/4 | €137,809 | €103,034 | -€34,775 | -25.2% |
| Amounts payable within one year | 42/48 | €39,557 | €36,018 | -€3,540 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €22,750 | €20,275 | -€2,474 | -10.9% |
| Trade debts | 44 | €3,912 | €5,540 | +€1,628 | +41.6% |
| Suppliers | 440/4 | €3,912 | €5,540 | +€1,628 | +41.6% |
| Taxes, remuneration and social security | 45 | €9,388 | €6,695 | -€2,693 | -28.7% |
| Taxes | 450/3 | €9,388 | €6,695 | -€2,693 | -28.7% |
| Other amounts payable | 47/48 | €3,508 | €3,508 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,637 | €23,512 | -€6,125 | -20.7% |
| Other operating charges | 640/8 | €2,551 | €1,970 | -€581 | -22.8% |
| Gross operating margin | 9900 | €79,479 | €65,553 | -€13,927 | -17.5% |
| Operating profit (loss) | 9901 | €47,291 | €40,071 | -€7,220 | -15.3% |
| Financial income | 75/76B | €88 | €0 | -€88 | -100% |
| Recurring financial income | 75 | €88 | €0 | -€88 | -100% |
| Financial charges | 65/66B | €7,311 | €5,802 | -€1,509 | -20.6% |
| Recurring financial charges | 65 | €7,311 | €5,802 | -€1,509 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €40,068 | €34,269 | -€5,800 | -14.5% |
| Income taxes | 67/77 | €11,670 | €10,370 | -€1,300 | -11.1% |
| Profit (loss) for the period | 9904 | €28,398 | €23,899 | -€4,499 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,398 | €23,899 | -€4,499 | -15.8% |
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 20 October 2026 via checked.be.