LOWKEY: 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.
LOWKEY
Largest movements
- Cash -€36,844
down €36,844 (-17.2%), from €213,594 to €176,750
mainly Receivables within one year (-€20,357) and Tax, wage and social debts (-€9,313)
- Receivables within one year +€20,357
up €20,357 (+20.4%), from €100,025 to €120,382
of which Other amounts receivable: +€25,983
- Tax, wage and social debts -€9,313
down €9,313 (-56.9%), from €16,370 to €7,057
- Reserves -€8,120
down €8,120 (-2.7%), from €303,417 to €295,297
- Trade debts -€3,569
down €3,569 (-93.5%), from €3,818 to €249
- Gross operating margin -€242,561
down €242,561, from €231,743 to -€10,818
- Taxes -€53,049
no longer reported in 2025 (was €53,049)
- Financial income +€6,322
up €6,322 (+3068.9%), from €206 to €6,528
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 | €327,605 | €306,603 | -€21,002 | -6.4% |
| Fixed assets | 21/28 | €8,727 | €5,534 | -€3,193 | -36.6% |
| Tangible fixed assets | 22/27 | €8,727 | €5,534 | -€3,193 | -36.6% |
| Furniture and vehicles | 24 | €7,310 | €4,272 | -€3,038 | -41.6% |
| Other tangible fixed assets | 26 | €1,417 | €1,262 | -€155 | -10.9% |
| Current assets | 29/58 | €318,878 | €301,069 | -€17,809 | -5.6% |
| Stocks and contracts in progress | 3 | €3,937 | €3,937 | = | 0.0% |
| Stocks | 30/36 | €3,937 | €3,937 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,025 | €120,382 | +€20,357 | +20.4% |
| Trade receivables | 40 | €5,989 | €363 | -€5,626 | -93.9% |
| Other amounts receivable | 41 | €94,036 | €120,019 | +€25,983 | +27.6% |
| Cash at bank and in hand | 54/58 | €213,594 | €176,750 | -€36,844 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,322 | - | -€1,322 | |
| Total equity and liabilities | 10/49 | €327,605 | €306,603 | -€21,002 | -6.4% |
| Equity | 10/15 | €307,417 | €299,297 | -€8,120 | -2.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €303,417 | €295,297 | -€8,120 | -2.7% |
| Distributable reserves | 133 | €303,417 | €295,297 | -€8,120 | -2.7% |
| Amounts payable | 17/49 | €20,188 | €7,306 | -€12,882 | -63.8% |
| Amounts payable within one year | 42/48 | €20,188 | €7,306 | -€12,882 | -63.8% |
| Trade debts | 44 | €3,818 | €249 | -€3,569 | -93.5% |
| Suppliers | 440/4 | €3,818 | €249 | -€3,569 | -93.5% |
| Taxes, remuneration and social security | 45 | €16,370 | €7,057 | -€9,313 | -56.9% |
| Taxes | 450/3 | €16,370 | €7,057 | -€9,313 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,982 | €3,656 | +€674 | +22.6% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €231,743 | -€10,818 | -€242,561 | |
| Operating profit (loss) | 9901 | €228,761 | -€14,536 | -€243,297 | |
| Financial income | 75/76B | €206 | €6,528 | +€6,322 | +3068.9% |
| Recurring financial income | 75 | €206 | €6,528 | +€6,322 | +3068.9% |
| Financial charges | 65/66B | €202 | €112 | -€90 | -44.6% |
| Recurring financial charges | 65 | €202 | €112 | -€90 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €228,765 | -€8,120 | -€236,885 | |
| Income taxes | 67/77 | €53,049 | - | -€53,049 | |
| Profit (loss) for the period | 9904 | €175,716 | -€8,120 | -€183,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,716 | -€8,120 | -€183,836 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.