LSW Projects: 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.
LSW Projects
Largest movements
- Cash +€23,745
new in 2025: €23,745
mainly Trade debts (+€24,127) and Net result for the year (+€15,807)
- Receivables within one year +€11,897
up €11,897 (+30.6%), from €38,843 to €50,740
of which Other amounts receivable: +€6,845
- Tangible fixed assets +€8,768
up €8,768 (+262.8%), from €3,336 to €12,105
of which Furniture and vehicles: +€9,325
- Trade debts +€24,127
up €24,127 (+355.6%), from €6,785 to €30,912
- Other debts +€11,800
new in 2025: €11,800
- Current portion of long-term debt +€6,587
new in 2025: €6,587
- Short-term financial debts -€4,144
down €4,144 (-100.0%), from €4,144 to €0
- Reserves +€4,007
up €4,007 (+13.8%), from €29,141 to €33,148
- Gross operating margin +€23,832
up €23,832, from -€3,200 to €20,632
- Taxes +€906
new in 2025: €906
- Financial charges +€357
up €357 (+105.1%), from €340 to €697
- Staff costs -€349
down €349 (-100.0%), from €349 to €0
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 | €42,870 | €87,297 | +€44,427 | +103.6% |
| Fixed assets | 21/28 | €3,336 | €12,105 | +€8,768 | +262.8% |
| Tangible fixed assets | 22/27 | €3,336 | €12,105 | +€8,768 | +262.8% |
| Plant, machinery and equipment | 23 | €789 | €233 | -€557 | -70.5% |
| Furniture and vehicles | 24 | €2,547 | €11,872 | +€9,325 | +366.1% |
| Current assets | 29/58 | €39,533 | €75,192 | +€35,659 | +90.2% |
| Amounts receivable within one year | 40/41 | €38,843 | €50,740 | +€11,897 | +30.6% |
| Trade receivables | 40 | €1,843 | €6,895 | +€5,052 | +274.1% |
| Other amounts receivable | 41 | €37,000 | €43,845 | +€6,845 | +18.5% |
| Cash at bank and in hand | 54/58 | - | €23,745 | +€23,745 | |
| Deferred charges and accrued income | 490/1 | €690 | €707 | +€18 | +2.6% |
| Total equity and liabilities | 10/49 | €42,870 | €87,297 | +€44,427 | +103.6% |
| Equity | 10/15 | €30,141 | €34,148 | +€4,007 | +13.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,141 | €33,148 | +€4,007 | +13.8% |
| Distributable reserves | 133 | €29,141 | €33,148 | +€4,007 | +13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,729 | €53,149 | +€40,420 | +317.5% |
| Amounts payable after more than one year | 17 | - | €2,886 | +€2,886 | |
| Financial debts | 170/4 | - | €2,886 | +€2,886 | |
| Amounts payable within one year | 42/48 | €12,729 | €50,262 | +€37,533 | +294.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,587 | +€6,587 | |
| Financial debts | 43 | €4,144 | €0 | -€4,144 | -100.0% |
| Credit institutions | 430/8 | €4,144 | €0 | -€4,144 | -100.0% |
| Trade debts | 44 | €6,785 | €30,912 | +€24,127 | +355.6% |
| Suppliers | 440/4 | €6,785 | €30,912 | +€24,127 | +355.6% |
| Taxes, remuneration and social security | 45 | €1,800 | €963 | -€837 | -46.5% |
| Taxes | 450/3 | - | €963 | +€963 | |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | - | €11,800 | +€11,800 | |
| Remuneration, social security and pensions | 62 | €349 | €0 | -€349 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,592 | €2,701 | +€110 | +4.2% |
| Other operating charges | 640/8 | €655 | €525 | -€130 | -19.8% |
| Gross operating margin | 9900 | -€3,200 | €20,632 | +€23,832 | |
| Operating profit (loss) | 9901 | -€6,795 | €17,405 | +€24,201 | |
| Financial income | 75/76B | €136 | €5 | -€130 | -96.2% |
| Recurring financial income | 75 | €136 | €5 | -€130 | -96.2% |
| Financial charges | 65/66B | €340 | €697 | +€357 | +105.1% |
| Recurring financial charges | 65 | €340 | €697 | +€357 | +105.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,000 | €16,713 | +€23,713 | |
| Income taxes | 67/77 | - | €906 | +€906 | |
| Profit (loss) for the period | 9904 | -€7,000 | €15,807 | +€22,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,000 | €15,807 | +€22,807 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.