LOWI: 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
LOWI
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€111,146
2024 · €13,098-€124,244
Equity
€2.7m
2024 · €2.8m-€111,146
Cash
€2,402
2024 · €38+€2,364
Balance sheet total
€6.0m
2024 · €5.9m+€83,358
Largest movements
Assets
- Receivables within one year +€109,077
up €109,077 (+25.2%), from €433,124 to €542,201
of which Other amounts receivable: +€97,032
- Tangible fixed assets -€92,270
down €92,270 (-7.2%), from €1.3m to €1.2m
of which Land and buildings: -€80,483
Equity and liabilities
- Debts after one year +€475,402
up €475,402 (+106.9%), from €444,883 to €920,285
- Other debts -€334,946
down €334,946 (-13.4%), from €2.5m to €2.2m
- Profit (loss) carried forward -€111,146
down €111,146 (-178.6%), from -€62,231 to -€173,377
Income statement
- Financial charges +€71,889
up €71,889 (+122.2%), from €58,842 to €130,731
- Goods and materials +€43,034
up €43,034 (+150.6%), from €28,582 to €71,615
of which Change in stocks: decrease (increase): +€35,850
- Depreciation +€6,366
up €6,366 (+7.2%), from €88,304 to €94,670
- Turnover +€6,271
up €6,271 (+1.9%), from €334,896 to €341,167
- Services and other goods +€6,210
up €6,210 (+3.6%), from €173,776 to €179,986
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.
Result 2024
€13,098
Turnover
+€6,271
Other operating income
-€5,978
Goods and materials
-€43,034
Services and other goods
-€6,210
Depreciation
-€6,366
Other operating charges
-€1,998
Other operating items
+€400
Financial income
+€4,573
Financial charges
-€71,889
Taxes
-€14
Result 2025
-€111,146
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.
From operations
-€461,755
Investment
-€2,400
Financing
+€466,519
Cash 2024
€38
From operations (derived)
-€461,755
Net result for the year
-€111,146
Depreciation
+€94,670
Stocks and contracts
-€59,500
Receivables within one year
-€109,077
Deferred charges and accrued income
-€4,687
Trade debts
-€1,783
Tax, wage and social debts
+€9,296
Other debts
-€334,946
Accrued charges and deferred income
+€55,417
Investment (derived)
-€2,400
Investment in fixed assets (net)
-€2,400
Financing
+€466,519
Debts after one year
+€475,402
Current portion of long-term debt
-€8,882
Cash 2025
€2,402
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,943,562 | €6,026,921 | +€83,358 | +1.4% |
| Fixed assets | 21/28 | €4,754,701 | €4,662,431 | -€92,270 | -1.9% |
| Tangible fixed assets | 22/27 | €1,288,149 | €1,195,879 | -€92,270 | -7.2% |
| Land and buildings | 22 | €1,266,226 | €1,185,742 | -€80,483 | -6.4% |
| Plant, machinery and equipment | 23 | €11,304 | €8,428 | -€2,877 | -25.4% |
| Leasing and similar rights | 25 | €10,619 | €1,709 | -€8,910 | -83.9% |
| Financial fixed assets | 28 | €3,466,552 | €3,466,552 | = | 0.0% |
| Affiliated companies | 280/1 | €3,466,552 | €3,466,552 | = | 0.0% |
| Participating interests | 280 | €3,466,552 | €3,466,552 | = | 0.0% |
| Current assets | 29/58 | €1,188,862 | €1,364,490 | +€175,628 | +14.8% |
| Stocks and contracts in progress | 3 | €755,700 | €815,200 | +€59,500 | +7.9% |
| Stocks | 30/36 | €755,700 | €815,200 | +€59,500 | +7.9% |
| Goods purchased for resale | 34 | €755,700 | €815,200 | +€59,500 | +7.9% |
| Amounts receivable within one year | 40/41 | €433,124 | €542,201 | +€109,077 | +25.2% |
| Trade receivables | 40 | €10,596 | €22,641 | +€12,045 | +113.7% |
| Other amounts receivable | 41 | €422,528 | €519,560 | +€97,032 | +23.0% |
| Cash at bank and in hand | 54/58 | €38 | €2,402 | +€2,364 | +6236.1% |
| Deferred charges and accrued income | 490/1 | €0 | €4,687 | +€4,687 | |
| Total equity and liabilities | 10/49 | €5,943,562 | €6,026,921 | +€83,358 | +1.4% |
| Equity | 10/15 | €2,809,734 | €2,698,589 | -€111,146 | -4.0% |
| Contributions | 10/11 | €2,798,719 | €2,798,719 | = | 0.0% |
| Reserves | 13 | €73,247 | €73,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €73,247 | €73,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,231 | -€173,377 | -€111,146 | -178.6% |
| Amounts payable | 17/49 | €3,133,828 | €3,328,332 | +€194,504 | +6.2% |
| Amounts payable after more than one year | 17 | €444,883 | €920,285 | +€475,402 | +106.9% |
| Financial debts | 170/4 | €444,883 | €920,285 | +€475,402 | +106.9% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €444,883 | €340,285 | -€104,598 | -23.5% |
| Other loans | 174 | - | €580,000 | +€580,000 | |
| Amounts payable within one year | 42/48 | €2,688,945 | €2,352,630 | -€336,315 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €113,480 | €104,598 | -€8,882 | -7.8% |
| Trade debts | 44 | €73,042 | €71,259 | -€1,783 | -2.4% |
| Suppliers | 440/4 | €73,042 | €71,259 | -€1,783 | -2.4% |
| Taxes, remuneration and social security | 45 | €8,609 | €17,905 | +€9,296 | +108.0% |
| Taxes | 450/3 | €8,609 | €17,905 | +€9,296 | +108.0% |
| Other amounts payable | 47/48 | €2,493,813 | €2,158,868 | -€334,946 | -13.4% |
| Accrued charges and deferred income | 492/3 | - | €55,417 | +€55,417 | |
| Operating income | 70/76A | €363,222 | €363,915 | +€693 | +0.2% |
| Turnover | 70 | €334,896 | €341,167 | +€6,271 | +1.9% |
| Other operating income | 74 | €28,326 | €22,349 | -€5,978 | -21.1% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Operating charges | 60/66A | €296,469 | €354,076 | +€57,607 | +19.4% |
| Goods for resale, raw materials and consumables | 60 | €28,582 | €71,615 | +€43,034 | +150.6% |
| Purchases | 600/8 | €123,932 | €131,115 | +€7,184 | +5.8% |
| Change in stocks: decrease (increase) | 609 | -€95,350 | -€59,500 | +€35,850 | +37.6% |
| Services and other goods | 61 | €173,776 | €179,986 | +€6,210 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,304 | €94,670 | +€6,366 | +7.2% |
| Other operating charges | 640/8 | €5,808 | €7,805 | +€1,998 | +34.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €66,753 | €9,839 | -€56,914 | -85.3% |
| Financial income | 75/76B | €5,442 | €10,016 | +€4,573 | +84.0% |
| Recurring financial income | 75 | €5,442 | €10,016 | +€4,573 | +84.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €5,442 | €9,926 | +€4,484 | +82.4% |
| Other financial income | 752/9 | - | €89 | +€89 | |
| Financial charges | 65/66B | €58,842 | €130,731 | +€71,889 | +122.2% |
| Recurring financial charges | 65 | €58,842 | €130,731 | +€71,889 | +122.2% |
| Debt charges | 650 | €57,586 | €129,529 | +€71,943 | +124.9% |
| Other financial charges | 652/9 | €1,256 | €1,202 | -€54 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €13,354 | -€110,876 | -€124,230 | |
| Income taxes | 67/77 | €256 | €270 | +€14 | +5.5% |
| Taxes | 670/3 | €256 | €270 | +€14 | +5.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €13,098 | -€111,146 | -€124,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,098 | -€111,146 | -€124,244 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.