LOWIE CALLENS: 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 CALLENS
Largest movements
- Cash -€17,348
down €17,348 (-42.7%), from €40,610 to €23,261
mainly Contributions, distributions and other (-€35,000) and Other debts (-€12,750)
- Tangible fixed assets -€7,420
down €7,420 (-37.3%), from €19,908 to €12,488
of which Furniture and vehicles: -€7,212
- Receivables within one year +€6,503
up €6,503 (+70.1%), from €9,278 to €15,781
of which Trade receivables: +€7,675
- Other debts -€12,750
down €12,750 (-30.0%), from €42,500 to €29,750
- Debts after one year -€6,662
down €6,662 (-74.7%), from €8,912 to €2,250
- Gross operating margin +€15,036
up €15,036 (+37.4%), from €40,154 to €55,189
- Taxes +€3,054
up €3,054 (+38.5%), from €7,932 to €10,986
- Other operating charges -€655
down €655 (-89.0%), from €737 to €81
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 | €70,422 | €51,627 | -€18,795 | -26.7% |
| Fixed assets | 21/28 | €19,908 | €12,488 | -€7,420 | -37.3% |
| Tangible fixed assets | 22/27 | €19,908 | €12,488 | -€7,420 | -37.3% |
| Plant, machinery and equipment | 23 | €1,571 | €1,363 | -€208 | -13.2% |
| Furniture and vehicles | 24 | €18,338 | €11,125 | -€7,212 | -39.3% |
| Current assets | 29/58 | €50,514 | €39,139 | -€11,375 | -22.5% |
| Amounts receivable within one year | 40/41 | €9,278 | €15,781 | +€6,503 | +70.1% |
| Trade receivables | 40 | €6,943 | €14,619 | +€7,675 | +111% |
| Other amounts receivable | 41 | €2,335 | €1,162 | -€1,172 | -50.2% |
| Cash at bank and in hand | 54/58 | €40,610 | €23,261 | -€17,348 | -42.7% |
| Deferred charges and accrued income | 490/1 | €626 | €97 | -€530 | -84.6% |
| Total equity and liabilities | 10/49 | €70,422 | €51,627 | -€18,795 | -26.7% |
| Equity | 10/15 | €716 | €163 | -€553 | -77.3% |
| Reserves | 13 | €716 | €163 | -€553 | -77.3% |
| Distributable reserves | 133 | €716 | €163 | -€553 | -77.3% |
| Amounts payable | 17/49 | €69,706 | €51,465 | -€18,242 | -26.2% |
| Amounts payable after more than one year | 17 | €8,912 | €2,250 | -€6,662 | -74.7% |
| Financial debts | 170/4 | €8,912 | €2,250 | -€6,662 | -74.7% |
| Amounts payable within one year | 42/48 | €60,794 | €49,214 | -€11,580 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €6,530 | €6,662 | +€132 | +2.0% |
| Trade debts | 44 | €1,396 | €2,042 | +€646 | +46.3% |
| Suppliers | 440/4 | €1,396 | €2,042 | +€646 | +46.3% |
| Taxes, remuneration and social security | 45 | €10,369 | €10,761 | +€392 | +3.8% |
| Taxes | 450/3 | €10,369 | €8,565 | -€1,804 | -17.4% |
| Remuneration and social security | 454/9 | - | €2,196 | +€2,196 | |
| Other amounts payable | 47/48 | €42,500 | €29,750 | -€12,750 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,420 | €8,888 | +€468 | +5.6% |
| Other operating charges | 640/8 | €737 | €81 | -€655 | -89.0% |
| Gross operating margin | 9900 | €40,154 | €55,189 | +€15,036 | +37.4% |
| Operating profit (loss) | 9901 | €30,997 | €46,220 | +€15,223 | +49.1% |
| Financial income | 75/76B | €2 | €125 | +€123 | +5,687% |
| Recurring financial income | 75 | €2 | €125 | +€123 | +5,687% |
| Financial charges | 65/66B | €1,130 | €912 | -€218 | -19.3% |
| Recurring financial charges | 65 | €1,130 | €912 | -€218 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €29,869 | €45,433 | +€15,564 | +52.1% |
| Income taxes | 67/77 | €7,932 | €10,986 | +€3,054 | +38.5% |
| Profit (loss) for the period | 9904 | €21,937 | €34,447 | +€12,510 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,937 | €34,447 | +€12,510 | +57.0% |
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 24 October 2026 via checked.be.