LRW-CONSTRUCT: 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.
LRW-CONSTRUCT
Largest movements
- Cash -€16,413
down €16,413 (-27.0%), from €60,753 to €44,340
mainly Receivables within one year (-€9,481) and Debts after one year (-€9,031)
- Tangible fixed assets -€15,389
down €15,389 (-56.4%), from €27,301 to €11,913
of which Furniture and vehicles: -€10,003
- Receivables within one year +€9,481
up €9,481 (+41.2%), from €22,995 to €32,476
of which Trade receivables: +€4,877
- Debts after one year -€9,031
down €9,031 (-65.7%), from €13,752 to €4,720
- Other debts -€8,127
down €8,127 (-100%), from €8,127 to €0
- Current portion of long-term debt -€3,035
down €3,035 (-25.2%), from €12,066 to €9,031
- Reserves -€1,664
down €1,664 (-2.6%), from €64,660 to €62,997
- Tax, wage and social debts -€1,367
down €1,367 (-22.1%), from €6,197 to €4,830
- Gross operating margin -€8,060
down €8,060 (-28.4%), from €28,410 to €20,350
- Depreciation -€7,287
down €7,287 (-31.3%), from €23,270 to €15,983
- Staff costs +€562
up €562 (+237%), from €237 to €799
- Financial charges -€475
down €475 (-40.5%), from €1,172 to €697
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 | €112,077 | €88,729 | -€23,348 | -20.8% |
| Fixed assets | 21/28 | €27,301 | €11,913 | -€15,389 | -56.4% |
| Tangible fixed assets | 22/27 | €27,301 | €11,913 | -€15,389 | -56.4% |
| Plant, machinery and equipment | 23 | €10,044 | €4,657 | -€5,386 | -53.6% |
| Furniture and vehicles | 24 | €17,258 | €7,255 | -€10,003 | -58.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €84,775 | €76,816 | -€7,959 | -9.4% |
| Amounts receivable within one year | 40/41 | €22,995 | €32,476 | +€9,481 | +41.2% |
| Trade receivables | 40 | €22,995 | €27,871 | +€4,877 | +21.2% |
| Other amounts receivable | 41 | €0 | €4,604 | +€4,604 | |
| Cash at bank and in hand | 54/58 | €60,753 | €44,340 | -€16,413 | -27.0% |
| Deferred charges and accrued income | 490/1 | €1,028 | €0 | -€1,028 | -100% |
| Total equity and liabilities | 10/49 | €112,077 | €88,729 | -€23,348 | -20.8% |
| Equity | 10/15 | €70,860 | €69,197 | -€1,664 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,660 | €62,997 | -€1,664 | -2.6% |
| Distributable reserves | 133 | €64,660 | €62,997 | -€1,664 | -2.6% |
| Amounts payable | 17/49 | €41,217 | €19,532 | -€21,685 | -52.6% |
| Amounts payable after more than one year | 17 | €13,752 | €4,720 | -€9,031 | -65.7% |
| Financial debts | 170/4 | €13,752 | €4,720 | -€9,031 | -65.7% |
| Amounts payable within one year | 42/48 | €27,465 | €14,812 | -€12,653 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €12,066 | €9,031 | -€3,035 | -25.2% |
| Trade debts | 44 | €1,074 | €950 | -€124 | -11.5% |
| Suppliers | 440/4 | €1,074 | €950 | -€124 | -11.5% |
| Taxes, remuneration and social security | 45 | €6,197 | €4,830 | -€1,367 | -22.1% |
| Taxes | 450/3 | €6,197 | €4,830 | -€1,367 | -22.1% |
| Other amounts payable | 47/48 | €8,127 | €0 | -€8,127 | -100% |
| Non-recurring operating income | 76A | €77 | €0 | -€77 | -100% |
| Remuneration, social security and pensions | 62 | €237 | €799 | +€562 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,270 | €15,983 | -€7,287 | -31.3% |
| Other operating charges | 640/8 | €2,159 | €2,025 | -€134 | -6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,410 | €20,350 | -€8,060 | -28.4% |
| Operating profit (loss) | 9901 | €2,744 | €1,543 | -€1,202 | -43.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.7% |
| Financial charges | 65/66B | €1,172 | €697 | -€475 | -40.5% |
| Recurring financial charges | 65 | €1,172 | €697 | -€475 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €1,575 | €846 | -€729 | -46.3% |
| Income taxes | 67/77 | €2,321 | €2,509 | +€189 | +8.1% |
| Profit (loss) for the period | 9904 | -€746 | -€1,664 | -€918 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€746 | -€1,664 | -€918 | -123% |
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 15 October 2026 via checked.be.