LOWTA: 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.
LOWTA
Largest movements
- Receivables within one year +€6,576
up €6,576 (+49.3%), from €13,327 to €19,903
of which Trade receivables: +€6,664
- Cash +€6,566
up €6,566 (+25.3%), from €25,949 to €32,515
mainly Depreciation (+€37,617) and Advances received (+€19,387)
- Intangible fixed assets -€2,591
down €2,591 (-6.2%), from €41,585 to €38,994
- Profit (loss) carried forward -€22,145
down €22,145 (-13.8%), from -€160,848 to -€182,993
- Advances received +€19,387
up €19,387 (+56.7%), from €34,188 to €53,574
- Trade debts +€17,374
up €17,374 (+69.9%), from €24,852 to €42,226
- Other debts -€1,793
down €1,793 (-4.5%), from €39,931 to €38,139
- Tax, wage and social debts -€1,385
down €1,385 (-60.4%), from €2,294 to €909
- Gross operating margin +€42,482
up €42,482, from -€10,336 to €32,146
- Depreciation -€3,240
down €3,240 (-7.9%), from €40,857 to €37,617
- Financial charges -€735
down €735 (-4.4%), from €16,529 to €15,794
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 | €81,154 | €91,905 | +€10,750 | +13.2% |
| Fixed assets | 21/28 | €41,645 | €38,994 | -€2,651 | -6.4% |
| Intangible fixed assets | 21 | €41,585 | €38,994 | -€2,591 | -6.2% |
| Tangible fixed assets | 22/27 | €60 | €0 | -€60 | -100% |
| Plant, machinery and equipment | 23 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €39,509 | €52,911 | +€13,401 | +33.9% |
| Amounts receivable within one year | 40/41 | €13,327 | €19,903 | +€6,576 | +49.3% |
| Trade receivables | 40 | €11,596 | €18,260 | +€6,664 | +57.5% |
| Other amounts receivable | 41 | €1,731 | €1,643 | -€87 | -5.0% |
| Cash at bank and in hand | 54/58 | €25,949 | €32,515 | +€6,566 | +25.3% |
| Deferred charges and accrued income | 490/1 | €234 | €493 | +€259 | +111% |
| Total equity and liabilities | 10/49 | €81,154 | €91,905 | +€10,750 | +13.2% |
| Equity | 10/15 | -€148,848 | -€170,993 | -€22,145 | -14.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,848 | -€182,993 | -€22,145 | -13.8% |
| Amounts payable | 17/49 | €230,003 | €262,898 | +€32,895 | +14.3% |
| Amounts payable after more than one year | 17 | €128,000 | €128,000 | = | 0.0% |
| Financial debts | 170/4 | €128,000 | €128,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,003 | €134,898 | +€32,895 | +32.2% |
| Financial debts | 43 | €737 | €49 | -€688 | -93.4% |
| Credit institutions | 430/8 | €737 | €49 | -€688 | -93.4% |
| Trade debts | 44 | €24,852 | €42,226 | +€17,374 | +69.9% |
| Suppliers | 440/4 | €24,852 | €42,226 | +€17,374 | +69.9% |
| Advances received on contracts in progress | 46 | €34,188 | €53,574 | +€19,387 | +56.7% |
| Taxes, remuneration and social security | 45 | €2,294 | €909 | -€1,385 | -60.4% |
| Taxes | 450/3 | €2,294 | €909 | -€1,385 | -60.4% |
| Other amounts payable | 47/48 | €39,931 | €38,139 | -€1,793 | -4.5% |
| Remuneration, social security and pensions | 62 | €29 | €27 | -€2 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,857 | €37,617 | -€3,240 | -7.9% |
| Other operating charges | 640/8 | €918 | €956 | +€39 | +4.2% |
| Gross operating margin | 9900 | -€10,336 | €32,146 | +€42,482 | |
| Operating profit (loss) | 9901 | -€52,140 | -€6,454 | +€45,686 | +87.6% |
| Financial income | 75/76B | €423 | €253 | -€170 | -40.2% |
| Recurring financial income | 75 | €423 | €253 | -€170 | -40.2% |
| Financial charges | 65/66B | €16,529 | €15,794 | -€735 | -4.4% |
| Recurring financial charges | 65 | €16,529 | €15,794 | -€735 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€68,246 | -€21,995 | +€46,251 | +67.8% |
| Income taxes | 67/77 | €153 | €150 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€68,399 | -€22,145 | +€46,254 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,399 | -€22,145 | +€46,254 | +67.6% |
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 14 October 2026 via checked.be.