LOWMAX IT: 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.
LOWMAX IT
Largest movements
- Tangible fixed assets -€20,316
down €20,316 (-12.0%), from €169,942 to €149,626
of which Land and buildings: -€11,881
- Receivables within one year +€17,683
up €17,683 (+112%), from €15,747 to €33,429
of which Trade receivables: +€17,617
- Cash +€11,921
up €11,921 (+53.9%), from €22,124 to €34,045
mainly Net result for the year (+€33,115) and Depreciation (+€22,003)
- Receivables after one year +€6,132
up €6,132 (+28.3%), from €21,662 to €27,794
- Reserves +€22,615
up €22,615 (+31.5%), from €71,735 to €94,350
- Debts after one year -€17,064
down €17,064 (-12.9%), from €132,178 to €115,114
- Other debts +€10,500
new in 2025: €10,500
- Trade debts -€2,624
down €2,624 (-98.1%), from €2,674 to €51
- Tax, wage and social debts +€2,493
up €2,493 (+30.1%), from €8,295 to €10,787
- Gross operating margin +€14,356
up €14,356 (+22.7%), from €63,315 to €77,671
- Taxes +€3,928
up €3,928 (+37.4%), from €10,511 to €14,439
- Financial charges -€1,096
down €1,096 (-15.6%), from €7,014 to €5,918
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 | €231,325 | €247,871 | +€16,546 | +7.2% |
| Fixed assets | 21/28 | €170,042 | €149,726 | -€20,316 | -11.9% |
| Tangible fixed assets | 22/27 | €169,942 | €149,626 | -€20,316 | -12.0% |
| Land and buildings | 22 | €148,929 | €137,048 | -€11,881 | -8.0% |
| Plant, machinery and equipment | 23 | €621 | €230 | -€392 | -63.0% |
| Furniture and vehicles | 24 | €20,391 | €12,348 | -€8,043 | -39.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €61,283 | €98,146 | +€36,862 | +60.2% |
| Amounts receivable after more than one year | 29 | €21,662 | €27,794 | +€6,132 | +28.3% |
| Other amounts receivable | 291 | €21,662 | €27,794 | +€6,132 | +28.3% |
| Amounts receivable within one year | 40/41 | €15,747 | €33,429 | +€17,683 | +112% |
| Trade receivables | 40 | €15,747 | €33,364 | +€17,617 | +112% |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €22,124 | €34,045 | +€11,921 | +53.9% |
| Deferred charges and accrued income | 490/1 | €1,751 | €2,877 | +€1,126 | +64.3% |
| Total equity and liabilities | 10/49 | €231,325 | €247,871 | +€16,546 | +7.2% |
| Equity | 10/15 | €71,740 | €94,356 | +€22,615 | +31.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €71,735 | €94,350 | +€22,615 | +31.5% |
| Distributable reserves | 133 | €71,735 | €94,350 | +€22,615 | +31.5% |
| Profit (loss) carried forward | 14 | €4 | €5 | +€0 | +8.3% |
| Amounts payable | 17/49 | €159,585 | €153,516 | -€6,069 | -3.8% |
| Amounts payable after more than one year | 17 | €132,178 | €115,114 | -€17,064 | -12.9% |
| Financial debts | 170/4 | €132,178 | €115,114 | -€17,064 | -12.9% |
| Amounts payable within one year | 42/48 | €27,407 | €38,402 | +€10,995 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €16,438 | €17,064 | +€626 | +3.8% |
| Trade debts | 44 | €2,674 | €51 | -€2,624 | -98.1% |
| Suppliers | 440/4 | €2,674 | €51 | -€2,624 | -98.1% |
| Taxes, remuneration and social security | 45 | €8,295 | €10,787 | +€2,493 | +30.1% |
| Taxes | 450/3 | €8,295 | €10,787 | +€2,493 | +30.1% |
| Other amounts payable | 47/48 | - | €10,500 | +€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,217 | €22,003 | -€214 | -1.0% |
| Other operating charges | 640/8 | €2,852 | €2,842 | -€10 | -0.4% |
| Gross operating margin | 9900 | €63,315 | €77,671 | +€14,356 | +22.7% |
| Operating profit (loss) | 9901 | €38,246 | €52,827 | +€14,580 | +38.1% |
| Financial income | 75/76B | €464 | €645 | +€181 | +39.1% |
| Recurring financial income | 75 | €464 | €645 | +€181 | +39.1% |
| Financial charges | 65/66B | €7,014 | €5,918 | -€1,096 | -15.6% |
| Recurring financial charges | 65 | €7,014 | €5,918 | -€1,096 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €31,696 | €47,554 | +€15,858 | +50.0% |
| Income taxes | 67/77 | €10,511 | €14,439 | +€3,928 | +37.4% |
| Profit (loss) for the period | 9904 | €21,185 | €33,115 | +€11,930 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,185 | €33,115 | +€11,930 | +56.3% |
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 22 October 2026 via checked.be.