LOWIE BRUNO: 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 BRUNO
Largest movements
- Receivables within one year -€29,229
down €29,229 (-73.3%), from €39,874 to €10,645
of which Trade receivables: -€15,496
- Tangible fixed assets -€13,963
down €13,963 (-24.6%), from €56,753 to €42,789
of which Furniture and vehicles: -€7,976
- Debts after one year -€12,360
down €12,360 (-56.8%), from €21,779 to €9,418
- Trade debts -€11,785
down €11,785 (-84.3%), from €13,986 to €2,201
- Current portion of long-term debt -€10,457
down €10,457 (-45.8%), from €22,818 to €12,360
- Accrued charges and deferred income -€5,263
no longer reported in 2025 (was €5,263)
- Advances received -€3,419
no longer reported in 2025 (was €3,419)
- Gross operating margin -€5,630
down €5,630 (-26.5%), from €21,233 to €15,603
- Financial charges -€1,143
down €1,143 (-43.3%), from €2,640 to €1,497
- Taxes -€980
down €980 (-61.2%), from €1,603 to €623
- Staff costs -€866
no longer reported in 2025 (was €866)
- Depreciation -€688
down €688 (-5.8%), from €11,910 to €11,221
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 | €106,988 | €61,897 | -€45,091 | -42.1% |
| Fixed assets | 21/28 | €57,003 | €43,039 | -€13,963 | -24.5% |
| Tangible fixed assets | 22/27 | €56,753 | €42,789 | -€13,963 | -24.6% |
| Land and buildings | 22 | €46,484 | €40,668 | -€5,816 | -12.5% |
| Plant, machinery and equipment | 23 | €686 | €514 | -€172 | -25.1% |
| Furniture and vehicles | 24 | €9,583 | €1,607 | -€7,976 | -83.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €49,985 | €18,858 | -€31,128 | -62.3% |
| Stocks and contracts in progress | 3 | €2,136 | €1,857 | -€279 | -13.1% |
| Stocks | 30/36 | €2,136 | €1,857 | -€279 | -13.1% |
| Amounts receivable within one year | 40/41 | €39,874 | €10,645 | -€29,229 | -73.3% |
| Trade receivables | 40 | €18,230 | €2,735 | -€15,496 | -85.0% |
| Other amounts receivable | 41 | €21,644 | €7,910 | -€13,733 | -63.5% |
| Cash at bank and in hand | 54/58 | €5,265 | €4,289 | -€976 | -18.5% |
| Deferred charges and accrued income | 490/1 | €2,710 | €2,067 | -€644 | -23.7% |
| Total equity and liabilities | 10/49 | €106,988 | €61,897 | -€45,091 | -42.1% |
| Equity | 10/15 | €34,592 | €35,282 | +€690 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,614 | €25,304 | +€690 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,754 | €23,444 | +€690 | +3.0% |
| Profit (loss) carried forward | 14 | €3,779 | €3,779 | = | 0.0% |
| Amounts payable | 17/49 | €72,396 | €26,615 | -€45,781 | -63.2% |
| Amounts payable after more than one year | 17 | €21,779 | €9,418 | -€12,360 | -56.8% |
| Financial debts | 170/4 | €21,779 | €9,418 | -€12,360 | -56.8% |
| Amounts payable within one year | 42/48 | €45,354 | €17,196 | -€28,158 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €22,818 | €12,360 | -€10,457 | -45.8% |
| Financial debts | 43 | - | €428 | +€428 | |
| Credit institutions | 430/8 | - | €428 | +€428 | |
| Trade debts | 44 | €13,986 | €2,201 | -€11,785 | -84.3% |
| Suppliers | 440/4 | €13,986 | €2,201 | -€11,785 | -84.3% |
| Advances received on contracts in progress | 46 | €3,419 | - | -€3,419 | |
| Taxes, remuneration and social security | 45 | €5,132 | €2,206 | -€2,925 | -57.0% |
| Taxes | 450/3 | €5,132 | €2,206 | -€2,925 | -57.0% |
| Accrued charges and deferred income | 492/3 | €5,263 | - | -€5,263 | |
| Remuneration, social security and pensions | 62 | €866 | - | -€866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,910 | €11,221 | -€688 | -5.8% |
| Other operating charges | 640/8 | €1,625 | €1,573 | -€53 | -3.2% |
| Gross operating margin | 9900 | €21,233 | €15,603 | -€5,630 | -26.5% |
| Operating profit (loss) | 9901 | €6,832 | €2,809 | -€4,023 | -58.9% |
| Financial income | 75/76B | €2 | €1 | -€2 | -73.6% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -73.6% |
| Financial charges | 65/66B | €2,640 | €1,497 | -€1,143 | -43.3% |
| Recurring financial charges | 65 | €2,640 | €1,497 | -€1,143 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €4,195 | €1,313 | -€2,882 | -68.7% |
| Income taxes | 67/77 | €1,603 | €623 | -€980 | -61.2% |
| Profit (loss) for the period | 9904 | €2,592 | €690 | -€1,902 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,592 | €690 | -€1,902 | -73.4% |
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 23 October 2026 via checked.be.