LPW POOLS: 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.
What changed
LPW POOLS
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€283,722
2024 · €283,350-€567,073
Equity
€5.4m
2024 · €5.7m-€283,722
Cash
€419,038
2024 · €518,871-€99,833
Balance sheet total
€10.8m
2024 · €9.1m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+129%), from €1.2m to €2.8m
of which Other amounts receivable: +€966,406
- Stocks and contracts +€312,953
up €312,953 (+8.1%), from €3.9m to €4.2m
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+180%), from €849,362 to €2.4m
- Short-term financial debts +€600,000
new in 2025: €600,000
- Debts after one year -€337,512
down €337,512 (-17.4%), from €1.9m to €1.6m
- Reserves -€283,722
down €283,722 (-5.6%), from €5.1m to €4.8m
of which Tax-exempt reserves: -€631,500
- Other debts +€176,090
up €176,090 (+476%), from €37,020 to €213,110
Income statement
- Turnover -€2.3m
down €2.3m (-14.5%), from €15.7m to €13.5m
- Goods and materials -€1.2m
down €1.2m (-10.7%), from €11.5m to €10.3m
of which Purchases: -€2.0m
- Services and other goods -€324,550
down €324,550 (-11.3%), from €2.9m to €2.6m
- Other operating income +€238,293
up €238,293 (+45.8%), from €520,749 to €759,042
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.
Result 2024
€283,350
Turnover
-€2.3m
Other operating income
+€238,293
Goods and materials
+€1.2m
Services and other goods
+€324,550
Staff costs
-€35,619
Depreciation
-€33,190
Other operating charges
-€16,258
Other operating items
+€12,682
Financial income
-€21,538
Financial charges
+€2,790
Taxes
+€6,033
Result 2025
-€283,722
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€123,625
Investment
-€243,845
Financing
+€267,637
Cash 2024
€518,871
From operations (derived)
-€123,625
Net result for the year
-€283,722
Depreciation
+€264,718
Stocks and contracts
-€312,953
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€6,598
Trade debts
+€1.5m
Tax, wage and social debts
-€40,632
Other debts
+€176,090
Accrued charges and deferred income
+€134,200
Investment (derived)
-€243,845
Investment in fixed assets (net)
-€243,845
Financing
+€267,637
Debts after one year
-€337,512
Current portion of long-term debt
+€5,149
Short-term financial debts
+€600,000
Cash 2025
€419,038
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,068,684 | €10,848,695 | +€1.8m | +19.6% |
| Fixed assets | 21/28 | €3,244,059 | €3,223,185 | -€20,874 | -0.6% |
| Intangible fixed assets | 21 | €66,666 | €108,943 | +€42,276 | +63.4% |
| Tangible fixed assets | 22/27 | €618,374 | €554,924 | -€63,450 | -10.3% |
| Land and buildings | 22 | €30,716 | €23,494 | -€7,222 | -23.5% |
| Plant, machinery and equipment | 23 | €96,611 | €94,854 | -€1,757 | -1.8% |
| Furniture and vehicles | 24 | €163,611 | €133,517 | -€30,095 | -18.4% |
| Leasing and similar rights | 25 | €12,197 | €0 | -€12,197 | -100% |
| Other tangible fixed assets | 26 | €315,240 | €239,705 | -€75,535 | -24.0% |
| Assets under construction and advance payments | 27 | - | €63,355 | +€63,355 | |
| Financial fixed assets | 28 | €2,559,018 | €2,559,318 | +€300 | 0.0% |
| Affiliated companies | 280/1 | €2,558,448 | €2,558,448 | = | 0.0% |
| Participating interests | 280 | €2,558,448 | €2,558,448 | = | 0.0% |
| Other financial fixed assets | 284/8 | €570 | €870 | +€300 | +52.6% |
| Amounts receivable and cash guarantees | 285/8 | €570 | €870 | +€300 | +52.6% |
| Current assets | 29/58 | €5,824,625 | €7,625,510 | +€1.8m | +30.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,877,696 | €4,190,649 | +€312,953 | +8.1% |
| Stocks | 30/36 | €3,877,696 | €4,190,649 | +€312,953 | +8.1% |
| Goods purchased for resale | 34 | €3,877,696 | €4,190,649 | +€312,953 | +8.1% |
| Amounts receivable within one year | 40/41 | €1,229,307 | €2,810,473 | +€1.6m | +129% |
| Trade receivables | 40 | €525,972 | €1,140,732 | +€614,759 | +117% |
| Other amounts receivable | 41 | €703,335 | €1,669,741 | +€966,406 | +137% |
| Cash at bank and in hand | 54/58 | €518,871 | €419,038 | -€99,833 | -19.2% |
| Deferred charges and accrued income | 490/1 | €158,752 | €165,350 | +€6,598 | +4.2% |
| Total equity and liabilities | 10/49 | €9,068,684 | €10,848,695 | +€1.8m | +19.6% |
| Equity | 10/15 | €5,714,537 | €5,430,815 | -€283,722 | -5.0% |
| Contributions | 10/11 | €649,740 | €649,740 | = | 0.0% |
| Reserves | 13 | €5,064,797 | €4,781,075 | -€283,722 | -5.6% |
| Non-distributable reserves | 130/1 | €64,974 | €64,974 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64,974 | €64,974 | = | 0.0% |
| Tax-exempt reserves | 132 | €736,750 | €105,250 | -€631,500 | -85.7% |
| Distributable reserves | 133 | €4,263,073 | €4,610,851 | +€347,778 | +8.2% |
| Amounts payable | 17/49 | €3,354,147 | €5,417,879 | +€2.1m | +61.5% |
| Amounts payable after more than one year | 17 | €1,943,164 | €1,605,653 | -€337,512 | -17.4% |
| Financial debts | 170/4 | €1,943,164 | €1,605,653 | -€337,512 | -17.4% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €1,943,164 | €1,605,653 | -€337,512 | -17.4% |
| Amounts payable within one year | 42/48 | €1,410,982 | €3,678,027 | +€2.3m | +161% |
| Current portion of amounts payable after more than one year | 42 | €332,363 | €337,512 | +€5,149 | +1.5% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €849,362 | €2,375,800 | +€1.5m | +180% |
| Suppliers | 440/4 | €849,362 | €2,375,800 | +€1.5m | +180% |
| Taxes, remuneration and social security | 45 | €192,237 | €151,605 | -€40,632 | -21.1% |
| Taxes | 450/3 | €28,800 | €31,564 | +€2,764 | +9.6% |
| Remuneration and social security | 454/9 | €163,437 | €120,041 | -€43,395 | -26.6% |
| Other amounts payable | 47/48 | €37,020 | €213,110 | +€176,090 | +476% |
| Accrued charges and deferred income | 492/3 | €0 | €134,200 | +€134,200 | |
| Operating income | 70/76A | €16,300,946 | €14,222,934 | -€2.1m | -12.7% |
| Turnover | 70 | €15,742,697 | €13,463,065 | -€2.3m | -14.5% |
| Other operating income | 74 | €520,749 | €759,042 | +€238,293 | +45.8% |
| Non-recurring operating income | 76A | €37,500 | €826 | -€36,674 | -97.8% |
| Operating charges | 60/66A | €16,167,746 | €14,644,091 | -€1.5m | -9.4% |
| Goods for resale, raw materials and consumables | 60 | €11,522,949 | €10,288,133 | -€1.2m | -10.7% |
| Purchases | 600/8 | €12,624,520 | €10,601,087 | -€2.0m | -16.0% |
| Change in stocks: decrease (increase) | 609 | -€1,101,571 | -€312,953 | +€788,617 | +71.6% |
| Services and other goods | 61 | €2,878,801 | €2,554,251 | -€324,550 | -11.3% |
| Remuneration, social security and pensions | 62 | €1,381,935 | €1,417,554 | +€35,619 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,528 | €264,718 | +€33,190 | +14.3% |
| Other operating charges | 640/8 | €103,176 | €119,434 | +€16,258 | +15.8% |
| Non-recurring operating charges | 66A | €49,356 | €0 | -€49,356 | -100% |
| Operating profit (loss) | 9901 | €133,200 | -€421,158 | -€554,358 | |
| Financial income | 75/76B | €295,808 | €274,270 | -€21,538 | -7.3% |
| Recurring financial income | 75 | €295,808 | €274,270 | -€21,538 | -7.3% |
| Income from financial fixed assets | 750 | €280,000 | €250,000 | -€30,000 | -10.7% |
| Income from current assets | 751 | €2,997 | €7,750 | +€4,752 | +159% |
| Other financial income | 752/9 | €12,810 | €16,520 | +€3,710 | +29.0% |
| Financial charges | 65/66B | €136,713 | €133,923 | -€2,790 | -2.0% |
| Recurring financial charges | 65 | €136,713 | €133,923 | -€2,790 | -2.0% |
| Debt charges | 650 | €128,166 | €123,760 | -€4,406 | -3.4% |
| Other financial charges | 652/9 | €8,547 | €10,163 | +€1,616 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €292,295 | -€280,810 | -€573,106 | |
| Income taxes | 67/77 | €8,945 | €2,912 | -€6,033 | -67.4% |
| Taxes | 670/3 | €10,894 | €2,912 | -€7,982 | -73.3% |
| Tax adjustments and reversals of tax provisions | 77 | €1,949 | €0 | -€1,949 | -100% |
| Profit (loss) for the period | 9904 | €283,350 | -€283,722 | -€567,073 | |
| Transfer from tax-exempt reserves | 789 | €1,263,000 | €631,500 | -€631,500 | -50.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,441,100 | €347,778 | -€1.1m | -75.9% |
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 13 October 2026 via checked.be.