LOWA: 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.
LOWA
Largest movements
- Tangible fixed assets -€16,881
down €16,881 (-7.3%), from €232,731 to €215,849
of which Land and buildings: -€12,933
- Deferred charges and accrued income -€5,321
down €5,321 (-9.9%), from €53,795 to €48,474
- Other debts -€14,438
down €14,438 (-6.9%), from €210,123 to €195,685
- Current portion of long-term debt -€12,925
down €12,925 (-59.3%), from €21,779 to €8,855
- Debts after one year -€8,855
down €8,855 (-10.4%), from €85,364 to €76,509
- Reserves +€7,850
up €7,850 (+5.3%), from €148,289 to €156,139
- Profit (loss) carried forward +€7,283
up €7,283, from -€7,282 to €1
- Other operating charges +€56,021
up €56,021 (+2647.6%), from €2,116 to €58,137
- Write-downs -€48,921
down €48,921, from €0 to -€48,921
- Gross operating margin +€18,113
up €18,113 (+46.4%), from €39,065 to €57,178
- Depreciation -€11,016
down €11,016 (-36.6%), from €30,086 to €19,070
- Financial income +€4,331
up €4,331 (+80.5%), from €5,379 to €9,710
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 | €531,250 | €512,144 | -€19,106 | -3.6% |
| Fixed assets | 21/28 | €232,737 | €215,856 | -€16,881 | -7.3% |
| Tangible fixed assets | 22/27 | €232,731 | €215,849 | -€16,881 | -7.3% |
| Land and buildings | 22 | €224,606 | €211,673 | -€12,933 | -5.8% |
| Plant, machinery and equipment | 23 | €3,137 | €2,257 | -€880 | -28.1% |
| Furniture and vehicles | 24 | €4,988 | €1,920 | -€3,068 | -61.5% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Current assets | 29/58 | €298,513 | €296,289 | -€2,225 | -0.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €229,232 | €232,790 | +€3,558 | +1.6% |
| Trade receivables | 40 | €21,611 | €18,000 | -€3,611 | -16.7% |
| Other amounts receivable | 41 | €207,620 | €214,790 | +€7,170 | +3.5% |
| Cash at bank and in hand | 54/58 | €5,487 | €5,025 | -€462 | -8.4% |
| Deferred charges and accrued income | 490/1 | €53,795 | €48,474 | -€5,321 | -9.9% |
| Total equity and liabilities | 10/49 | €531,250 | €512,144 | -€19,106 | -3.6% |
| Equity | 10/15 | €159,599 | €174,732 | +€15,133 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148,289 | €156,139 | +€7,850 | +5.3% |
| Distributable reserves | 133 | €148,289 | €156,139 | +€7,850 | +5.3% |
| Profit (loss) carried forward | 14 | -€7,282 | €1 | +€7,283 | |
| Provisions and deferred taxes | 16 | €24,636 | €24,636 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,636 | €24,636 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,636 | €24,636 | = | 0.0% |
| Amounts payable | 17/49 | €347,015 | €312,776 | -€34,239 | -9.9% |
| Amounts payable after more than one year | 17 | €85,364 | €76,509 | -€8,855 | -10.4% |
| Financial debts | 170/4 | €85,364 | €76,509 | -€8,855 | -10.4% |
| Amounts payable within one year | 42/48 | €257,144 | €233,267 | -€23,877 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €21,779 | €8,855 | -€12,925 | -59.3% |
| Trade debts | 44 | €7,653 | €11,178 | +€3,524 | +46.0% |
| Suppliers | 440/4 | €7,653 | €11,178 | +€3,524 | +46.0% |
| Advances received on contracts in progress | 46 | €5,783 | €0 | -€5,783 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,806 | €17,549 | +€5,744 | +48.7% |
| Taxes | 450/3 | €9,276 | €16,219 | +€6,944 | +74.9% |
| Remuneration and social security | 454/9 | €2,530 | €1,330 | -€1,200 | -47.4% |
| Other amounts payable | 47/48 | €210,123 | €195,685 | -€14,438 | -6.9% |
| Accrued charges and deferred income | 492/3 | €4,507 | €3,000 | -€1,507 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,086 | €19,070 | -€11,016 | -36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€48,921 | -€48,921 | |
| Other operating charges | 640/8 | €2,116 | €58,137 | +€56,021 | +2647.6% |
| Gross operating margin | 9900 | €39,065 | €57,178 | +€18,113 | +46.4% |
| Operating profit (loss) | 9901 | €6,863 | €28,891 | +€22,028 | +321.0% |
| Financial income | 75/76B | €5,379 | €9,710 | +€4,331 | +80.5% |
| Recurring financial income | 75 | €5,379 | €9,710 | +€4,331 | +80.5% |
| Financial charges | 65/66B | €3,703 | €4,469 | +€766 | +20.7% |
| Recurring financial charges | 65 | €3,703 | €4,469 | +€766 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €8,539 | €34,133 | +€25,594 | +299.7% |
| Income taxes | 67/77 | €2,848 | €6,500 | +€3,652 | +128.2% |
| Profit (loss) for the period | 9904 | €5,691 | €27,633 | +€21,942 | +385.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,691 | €27,633 | +€21,942 | +385.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.