LOWIE BRICKS: what changed
Two financial 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.
LOWIE BRICKS
Largest movements
- Tangible fixed assets +€505,553
up €505,553 (+95.1%), from €531,774 to €1.0m
of which Plant, machinery and equipment: +€322,472
- Stocks and contracts +€457,859
up €457,859 (+94.6%), from €484,163 to €942,022
- Financial fixed assets +€350,000
new in 2025: €350,000
- Receivables within one year +€189,276
up €189,276 (+149%), from €127,021 to €316,297
of which Trade receivables: +€182,551
- Other debts +€1.0m
up €1.0m (+149%), from €672,192 to €1.7m
- Trade debts +€405,580
up €405,580 (+612%), from €66,304 to €471,884
- Tax, wage and social debts +€77,573
up €77,573 (+157%), from €49,529 to €127,102
of which Remuneration and social security: +€53,343
- Gross operating margin +€412,864
up €412,864 (+58.9%), from €700,503 to €1.1m
- Staff costs +€308,149
up €308,149 (+72.2%), from €426,959 to €735,108
- Depreciation +€96,337
up €96,337 (+47.3%), from €203,512 to €299,849
- Other operating charges +€41,087
up €41,087 (+6,699%), from €613 to €41,700
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.
Derived cash bridge
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 | €1,626,995 | €3,117,413 | +€1.5m | +91.6% |
| Fixed assets | 21/28 | €967,530 | €1,813,895 | +€846,365 | +87.5% |
| Intangible fixed assets | 21 | €435,755 | €426,567 | -€9,189 | -2.1% |
| Tangible fixed assets | 22/27 | €531,774 | €1,037,328 | +€505,553 | +95.1% |
| Land and buildings | 22 | €43,090 | €208,944 | +€165,854 | +385% |
| Plant, machinery and equipment | 23 | €357,794 | €680,266 | +€322,472 | +90.1% |
| Furniture and vehicles | 24 | €83,885 | €102,435 | +€18,550 | +22.1% |
| Other tangible fixed assets | 26 | €47,006 | €45,683 | -€1,323 | -2.8% |
| Financial fixed assets | 28 | - | €350,000 | +€350,000 | |
| Current assets | 29/58 | €659,465 | €1,303,518 | +€644,053 | +97.7% |
| Stocks and contracts in progress | 3 | €484,163 | €942,022 | +€457,859 | +94.6% |
| Stocks | 30/36 | €484,163 | €942,022 | +€457,859 | +94.6% |
| Amounts receivable within one year | 40/41 | €127,021 | €316,297 | +€189,276 | +149% |
| Trade receivables | 40 | €127,011 | €309,562 | +€182,551 | +144% |
| Other amounts receivable | 41 | €10 | €6,735 | +€6,725 | +70,644% |
| Cash at bank and in hand | 54/58 | €47,561 | €45,149 | -€2,412 | -5.1% |
| Deferred charges and accrued income | 490/1 | €720 | €50 | -€670 | -93.1% |
| Total equity and liabilities | 10/49 | €1,626,995 | €3,117,413 | +€1.5m | +91.6% |
| Equity | 10/15 | €829,710 | €841,508 | +€11,797 | +1.4% |
| Contributions | 10/11 | €756,620 | €756,620 | = | 0.0% |
| Reserves | 13 | €73,090 | €84,888 | +€11,797 | +16.1% |
| Distributable reserves | 133 | €73,090 | €84,888 | +€11,797 | +16.1% |
| Amounts payable | 17/49 | €797,285 | €2,275,905 | +€1.5m | +185% |
| Amounts payable within one year | 42/48 | €788,025 | €2,275,779 | +€1.5m | +189% |
| Trade debts | 44 | €66,304 | €471,884 | +€405,580 | +612% |
| Suppliers | 440/4 | €66,304 | €471,884 | +€405,580 | +612% |
| Taxes, remuneration and social security | 45 | €49,529 | €127,102 | +€77,573 | +157% |
| Taxes | 450/3 | €8,113 | €32,343 | +€24,230 | +299% |
| Remuneration and social security | 454/9 | €41,416 | €94,759 | +€53,343 | +129% |
| Other amounts payable | 47/48 | €672,192 | €1,676,792 | +€1.0m | +149% |
| Accrued charges and deferred income | 492/3 | €9,260 | €126 | -€9,133 | -98.6% |
| Remuneration, social security and pensions | 62 | €426,959 | €735,108 | +€308,149 | +72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,512 | €299,849 | +€96,337 | +47.3% |
| Other operating charges | 640/8 | €613 | €41,700 | +€41,087 | +6,699% |
| Gross operating margin | 9900 | €700,503 | €1,113,367 | +€412,864 | +58.9% |
| Operating profit (loss) | 9901 | €69,418 | €36,709 | -€32,709 | -47.1% |
| Financial income | 75/76B | €270 | €329 | +€59 | +21.7% |
| Recurring financial income | 75 | €270 | €329 | +€59 | +21.7% |
| Financial charges | 65/66B | €17,125 | €17,631 | +€505 | +2.9% |
| Recurring financial charges | 65 | €17,125 | €17,631 | +€505 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €52,562 | €19,407 | -€33,155 | -63.1% |
| Income taxes | 67/77 | €2,517 | €7,609 | +€5,092 | +202% |
| Profit (loss) for the period | 9904 | €50,045 | €11,797 | -€38,248 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,045 | €11,797 | -€38,248 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.