LOWAVYE: 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.
LOWAVYE
Largest movements
- Receivables within one year -€21,363
down €21,363 (-44.3%), from €48,238 to €26,875
of which Trade receivables: -€31,239
- Cash +€9,381
up €9,381 (+24.0%), from €39,059 to €48,440
mainly Receivables within one year (+€21,363) and Net result for the year (+€5,316)
- Tangible fixed assets +€7,449
up €7,449 (+243.4%), from €3,060 to €10,509
of which Furniture and vehicles: +€6,186
- Trade debts -€8,585
down €8,585 (-85.4%), from €10,052 to €1,466
- Profit (loss) carried forward +€5,316
up €5,316 (+11.3%), from €46,939 to €52,255
- Tax, wage and social debts -€3,631
down €3,631 (-14.3%), from €25,410 to €21,779
- Other debts +€2,417
up €2,417 (+54.2%), from €4,463 to €6,880
- Gross operating margin -€34,531
down €34,531 (-77.0%), from €44,853 to €10,323
- Taxes -€9,395
down €9,395 (-81.6%), from €11,518 to €2,124
- Depreciation +€1,991
up €1,991 (+955.7%), from €208 to €2,200
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 | €90,364 | €85,881 | -€4,483 | -5.0% |
| Fixed assets | 21/28 | €3,060 | €10,509 | +€7,449 | +243.4% |
| Tangible fixed assets | 22/27 | €3,060 | €10,509 | +€7,449 | +243.4% |
| Plant, machinery and equipment | 23 | €3,060 | €4,323 | +€1,263 | +41.3% |
| Furniture and vehicles | 24 | - | €6,186 | +€6,186 | |
| Current assets | 29/58 | €87,304 | €75,372 | -€11,932 | -13.7% |
| Amounts receivable within one year | 40/41 | €48,238 | €26,875 | -€21,363 | -44.3% |
| Trade receivables | 40 | €48,238 | €16,998 | -€31,239 | -64.8% |
| Other amounts receivable | 41 | - | €9,876 | +€9,876 | |
| Cash at bank and in hand | 54/58 | €39,059 | €48,440 | +€9,381 | +24.0% |
| Deferred charges and accrued income | 490/1 | €7 | €57 | +€50 | +692.2% |
| Total equity and liabilities | 10/49 | €90,364 | €85,881 | -€4,483 | -5.0% |
| Equity | 10/15 | €50,439 | €55,755 | +€5,316 | +10.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,939 | €52,255 | +€5,316 | +11.3% |
| Amounts payable | 17/49 | €39,925 | €30,126 | -€9,799 | -24.5% |
| Amounts payable within one year | 42/48 | €39,925 | €30,126 | -€9,799 | -24.5% |
| Trade debts | 44 | €10,052 | €1,466 | -€8,585 | -85.4% |
| Suppliers | 440/4 | €10,052 | €1,466 | -€8,585 | -85.4% |
| Taxes, remuneration and social security | 45 | €25,410 | €21,779 | -€3,631 | -14.3% |
| Taxes | 450/3 | €25,410 | €21,779 | -€3,631 | -14.3% |
| Other amounts payable | 47/48 | €4,463 | €6,880 | +€2,417 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €2,200 | +€1,991 | +955.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €44,853 | €10,323 | -€34,531 | -77.0% |
| Operating profit (loss) | 9901 | €44,645 | €7,723 | -€36,922 | -82.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €76 | €283 | +€208 | +274.7% |
| Recurring financial charges | 65 | €76 | €283 | +€208 | +274.7% |
| Profit (loss) for the period before taxes | 9903 | €44,569 | €7,440 | -€37,130 | -83.3% |
| Income taxes | 67/77 | €11,518 | €2,124 | -€9,395 | -81.6% |
| Profit (loss) for the period | 9904 | €33,051 | €5,316 | -€27,735 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,051 | €5,316 | -€27,735 | -83.9% |
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 1 October 2026 via checked.be.