LOWGAFCONCEPT: 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.
LOWGAFCONCEPT
Largest movements
- Receivables within one year +€8,610
up €8,610 (+574.2%), from €1,499 to €10,109
of which Trade receivables: +€6,175
- Cash +€4,667
up €4,667 (+7.5%), from €62,629 to €67,296
mainly Net result for the year (+€7,445) and Other debts (+€2,732)
- Tangible fixed assets -€1,582
down €1,582 (-43.7%), from €3,618 to €2,035
- Profit (loss) carried forward +€7,445
up €7,445 (+12.7%), from €58,757 to €66,202
- Other debts +€2,732
up €2,732 (+86.7%), from €3,150 to €5,882
- Trade debts +€2,570
up €2,570 (+60.6%), from €4,237 to €6,807
- Tax, wage and social debts -€1,052
no longer reported in 2025 (was €1,052)
- Gross operating margin +€9,643
up €9,643 (+575.7%), from €1,675 to €11,319
- Depreciation -€2,090
down €2,090 (-67.3%), from €3,103 to €1,014
- Taxes -€511
down €511 (-34.0%), from €1,501 to €990
- Financial income -€490
no longer reported in 2025 (was €490)
- Financial charges +€389
up €389 (+84.8%), from €459 to €849
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 | €67,746 | €79,441 | +€11,695 | +17.3% |
| Fixed assets | 21/28 | €3,618 | €2,035 | -€1,582 | -43.7% |
| Tangible fixed assets | 22/27 | €3,618 | €2,035 | -€1,582 | -43.7% |
| Furniture and vehicles | 24 | €3,618 | €2,035 | -€1,582 | -43.7% |
| Current assets | 29/58 | €64,129 | €77,406 | +€13,277 | +20.7% |
| Amounts receivable within one year | 40/41 | €1,499 | €10,109 | +€8,610 | +574.2% |
| Trade receivables | 40 | - | €6,175 | +€6,175 | |
| Other amounts receivable | 41 | €1,499 | €3,934 | +€2,435 | +162.4% |
| Cash at bank and in hand | 54/58 | €62,629 | €67,296 | +€4,667 | +7.5% |
| Total equity and liabilities | 10/49 | €67,746 | €79,441 | +€11,695 | +17.3% |
| Equity | 10/15 | €59,307 | €66,752 | +€7,445 | +12.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,757 | €66,202 | +€7,445 | +12.7% |
| Amounts payable | 17/49 | €8,440 | €12,689 | +€4,250 | +50.4% |
| Amounts payable within one year | 42/48 | €8,440 | €12,689 | +€4,250 | +50.4% |
| Trade debts | 44 | €4,237 | €6,807 | +€2,570 | +60.6% |
| Suppliers | 440/4 | €4,237 | €6,807 | +€2,570 | +60.6% |
| Taxes, remuneration and social security | 45 | €1,052 | - | -€1,052 | |
| Taxes | 450/3 | €1,052 | - | -€1,052 | |
| Other amounts payable | 47/48 | €3,150 | €5,882 | +€2,732 | +86.7% |
| Non-recurring operating income | 76A | - | €14,547 | +€14,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,103 | €1,014 | -€2,090 | -67.3% |
| Other operating charges | 640/8 | €1,267 | €1,021 | -€246 | -19.4% |
| Gross operating margin | 9900 | €1,675 | €11,319 | +€9,643 | +575.7% |
| Operating profit (loss) | 9901 | -€2,695 | €9,284 | +€11,979 | |
| Financial income | 75/76B | €490 | - | -€490 | |
| Recurring financial income | 75 | €490 | - | -€490 | |
| Financial charges | 65/66B | €459 | €849 | +€389 | +84.8% |
| Recurring financial charges | 65 | €459 | €849 | +€389 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,664 | €8,435 | +€11,099 | |
| Income taxes | 67/77 | €1,501 | €990 | -€511 | -34.0% |
| Profit (loss) for the period | 9904 | -€4,165 | €7,445 | +€11,610 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,165 | €7,445 | +€11,610 |
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 3 October 2026 via checked.be.