LOWFIELD: 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.
What changed
LOWFIELD
NACE 70.200, Business and other management consultancy
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€113,502
2025 · €148,972-€35,470
Equity
€1.0m
2025 · €936,610+€109,502
Cash
€45,981
2025 · €43,644+€2,337
Balance sheet total
€1.1m
2025 · €952,596+€102,101
Largest movements
Assets
- Current investments +€141,282
up €141,282 (+17.6%), from €805,006 to €946,288
- Tangible fixed assets -€33,392
down €33,392 (-57.0%), from €58,554 to €25,162
of which Land and buildings: -€26,239
Equity and liabilities
- Reserves +€109,502
up €109,502 (+12.4%), from €883,610 to €993,112
Income statement
- Gross operating margin -€22,659
down €22,659 (-15.4%), from €146,901 to €124,243
- Depreciation -€4,830
down €4,830 (-30.1%), from €16,066 to €11,236
From the 2025 result to the 2026 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.
Result 2025
€148,972
Gross operating margin
-€22,659
Depreciation
+€4,830
Other operating charges
+€297
Other operating items
-€19,189
Financial income
+€1,336
Financial charges
-€180
Taxes
+€96
Result 2026
€113,502
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€125,463
Investment
-€119,126
Financing
-€4,000
Cash 2025
€43,644
From operations (derived)
+€125,463
Net result for the year
+€113,502
Depreciation
+€11,236
Stocks and contracts
-€488
Receivables within one year
+€8,020
Deferred charges and accrued income
+€594
Trade debts
-€934
Tax, wage and social debts
-€6,108
Other debts
-€359
Investment (derived)
-€119,126
Investment in fixed assets (net)
+€22,156
Current investments
-€141,282
Financing
-€4,000
Contributions, distributions and other
-€4,000
Cash 2026
€45,981
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €952,596 | €1,054,697 | +€102,101 | +10.7% |
| Fixed assets | 21/28 | €58,804 | €25,412 | -€33,392 | -56.8% |
| Tangible fixed assets | 22/27 | €58,554 | €25,162 | -€33,392 | -57.0% |
| Land and buildings | 22 | €47,389 | €21,150 | -€26,239 | -55.4% |
| Furniture and vehicles | 24 | €11,165 | €4,012 | -€7,153 | -64.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €893,792 | €1,029,285 | +€135,493 | +15.2% |
| Stocks and contracts in progress | 3 | €1,741 | €2,229 | +€488 | +28.0% |
| Stocks | 30/36 | €1,741 | €2,229 | +€488 | +28.0% |
| Amounts receivable within one year | 40/41 | €41,738 | €33,718 | -€8,020 | -19.2% |
| Trade receivables | 40 | €16,614 | €4,359 | -€12,255 | -73.8% |
| Other amounts receivable | 41 | €25,124 | €29,359 | +€4,235 | +16.9% |
| Current investments | 50/53 | €805,006 | €946,288 | +€141,282 | +17.6% |
| Cash at bank and in hand | 54/58 | €43,644 | €45,981 | +€2,337 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,068 | -€594 | -35.7% |
| Total equity and liabilities | 10/49 | €952,596 | €1,054,697 | +€102,101 | +10.7% |
| Equity | 10/15 | €936,610 | €1,046,112 | +€109,502 | +11.7% |
| Contributions | 10/11 | €53,000 | €53,000 | = | 0.0% |
| Reserves | 13 | €883,610 | €993,112 | +€109,502 | +12.4% |
| Distributable reserves | 133 | €883,610 | €993,112 | +€109,502 | +12.4% |
| Amounts payable | 17/49 | €15,986 | €8,585 | -€7,401 | -46.3% |
| Amounts payable within one year | 42/48 | €15,986 | €8,585 | -€7,401 | -46.3% |
| Trade debts | 44 | €9,194 | €8,260 | -€934 | -10.2% |
| Suppliers | 440/4 | €9,194 | €8,260 | -€934 | -10.2% |
| Taxes, remuneration and social security | 45 | €6,308 | €200 | -€6,108 | -96.8% |
| Taxes | 450/3 | €6,308 | €200 | -€6,108 | -96.8% |
| Other amounts payable | 47/48 | €483 | €124 | -€359 | -74.2% |
| Non-recurring operating income | 76A | €500 | €33 | -€467 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,066 | €11,236 | -€4,830 | -30.1% |
| Other operating charges | 640/8 | €2,130 | €1,833 | -€297 | -13.9% |
| Non-recurring operating charges | 66A | - | €19,189 | +€19,189 | |
| Gross operating margin | 9900 | €146,901 | €124,243 | -€22,659 | -15.4% |
| Operating profit (loss) | 9901 | €128,705 | €91,985 | -€36,721 | -28.5% |
| Financial income | 75/76B | €64,782 | €66,117 | +€1,336 | +2.1% |
| Recurring financial income | 75 | €64,782 | €66,117 | +€1,336 | +2.1% |
| Financial charges | 65/66B | €205 | €385 | +€180 | +88.0% |
| Recurring financial charges | 65 | €205 | €385 | +€180 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | €193,282 | €157,717 | -€35,565 | -18.4% |
| Income taxes | 67/77 | €44,310 | €44,215 | -€96 | -0.2% |
| Profit (loss) for the period | 9904 | €148,972 | €113,502 | -€35,470 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,972 | €113,502 | -€35,470 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.