LOW C: 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.
LOW C
Largest movements
- Tangible fixed assets -€20,053
down €20,053 (-19.0%), from €105,576 to €85,523
of which Other tangible fixed assets: -€14,085
- Stocks and contracts -€2,500
down €2,500 (-16.7%), from €15,000 to €12,500
- Profit (loss) carried forward +€22,556
up €22,556 (+48.5%), from -€46,551 to -€23,994
- Debts after one year -€20,546
down €20,546 (-19.8%), from €103,914 to €83,367
- Other debts -€8,830
down €8,830 (-51.5%), from €17,153 to €8,322
- Trade debts -€5,089
down €5,089 (-10.1%), from €50,434 to €45,345
- Short-term financial debts -€4,975
no longer reported in 2025 (was €4,975)
- Gross operating margin +€84,373
up €84,373 (+4543.0%), from €1,857 to €86,230
- Financial charges +€6,725
up €6,725 (+72.4%), from €9,289 to €16,014
- Other operating charges -€2,195
down €2,195 (-97.1%), from €2,261 to €66
- Staff costs +€1,340
up €1,340 (+5.3%), from €25,154 to €26,494
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 | €177,409 | €155,418 | -€21,991 | -12.4% |
| Fixed assets | 21/28 | €108,177 | €88,124 | -€20,053 | -18.5% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -16.7% |
| Tangible fixed assets | 22/27 | €105,576 | €85,523 | -€20,053 | -19.0% |
| Plant, machinery and equipment | 23 | €9,327 | €5,991 | -€3,336 | -35.8% |
| Furniture and vehicles | 24 | €4,713 | €4,186 | -€527 | -11.2% |
| Leasing and similar rights | 25 | €3,093 | €988 | -€2,105 | -68.0% |
| Other tangible fixed assets | 26 | €88,443 | €74,358 | -€14,085 | -15.9% |
| Financial fixed assets | 28 | €2,601 | €2,601 | = | 0.0% |
| Current assets | 29/58 | €69,232 | €67,294 | -€1,938 | -2.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 290 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Stocks | 30/36 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €7,754 | €7,264 | -€491 | -6.3% |
| Trade receivables | 40 | €3,329 | €3,848 | +€519 | +15.6% |
| Other amounts receivable | 41 | €4,426 | €3,416 | -€1,010 | -22.8% |
| Cash at bank and in hand | 54/58 | €4,817 | €5,874 | +€1,057 | +21.9% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,656 | -€4 | -0.2% |
| Total equity and liabilities | 10/49 | €177,409 | €155,418 | -€21,991 | -12.4% |
| Equity | 10/15 | -€41,751 | -€19,194 | +€22,556 | +54.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,551 | -€23,994 | +€22,556 | +48.5% |
| Amounts payable | 17/49 | €219,160 | €174,613 | -€44,547 | -20.3% |
| Amounts payable after more than one year | 17 | €103,914 | €83,367 | -€20,546 | -19.8% |
| Financial debts | 170/4 | €103,914 | €83,367 | -€20,546 | -19.8% |
| Amounts payable within one year | 42/48 | €115,246 | €91,245 | -€24,001 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €21,635 | €20,546 | -€1,088 | -5.0% |
| Financial debts | 43 | €4,975 | - | -€4,975 | |
| Credit institutions | 430/8 | €4,975 | - | -€4,975 | |
| Trade debts | 44 | €50,434 | €45,345 | -€5,089 | -10.1% |
| Suppliers | 440/4 | €50,434 | €45,345 | -€5,089 | -10.1% |
| Taxes, remuneration and social security | 45 | €21,050 | €17,032 | -€4,018 | -19.1% |
| Taxes | 450/3 | €16,401 | €11,753 | -€4,648 | -28.3% |
| Remuneration and social security | 454/9 | €4,650 | €5,279 | +€630 | +13.5% |
| Other amounts payable | 47/48 | €17,153 | €8,322 | -€8,830 | -51.5% |
| Remuneration, social security and pensions | 62 | €25,154 | €26,494 | +€1,340 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,557 | €21,663 | +€107 | +0.5% |
| Other operating charges | 640/8 | €2,261 | €66 | -€2,195 | -97.1% |
| Gross operating margin | 9900 | €1,857 | €86,230 | +€84,373 | +4543.0% |
| Operating profit (loss) | 9901 | -€47,115 | €38,007 | +€85,122 | |
| Financial income | 75/76B | €1,072 | €800 | -€271 | -25.3% |
| Recurring financial income | 75 | €1,072 | €800 | -€271 | -25.3% |
| Financial charges | 65/66B | €9,289 | €16,014 | +€6,725 | +72.4% |
| Recurring financial charges | 65 | €9,289 | €16,014 | +€6,725 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,333 | €22,793 | +€78,126 | |
| Income taxes | 67/77 | €228 | €237 | +€9 | +3.8% |
| Profit (loss) for the period | 9904 | -€55,561 | €22,556 | +€78,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,561 | €22,556 | +€78,117 |
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 11 October 2026 via checked.be.