LuWa Maintenance: 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
LuWa Maintenance
NACE 43.212, Electrical installation work in industrial facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,504
2024 · €10,242+€22,263
Equity
€670,843
2024 · €638,338+€32,504
Cash
€7.8m
2024 · €7.1m+€673,142
Balance sheet total
€12.9m
2024 · €12.7m+€262,896
Largest movements
Assets
- Cash +€673,142
up €673,142 (+9.5%), from €7.1m to €7.8m
mainly Accrued charges and deferred income (+€548,433) and Receivables within one year (+€386,006)
- Receivables within one year -€386,006
down €386,006 (-7.0%), from €5.5m to €5.1m
of which Trade receivables: -€402,291
Equity and liabilities
- Accrued charges and deferred income +€548,433
up €548,433 (+7.7%), from €7.1m to €7.7m
- Trade debts -€363,733
down €363,733 (-8.3%), from €4.4m to €4.0m
Income statement
- Goods and materials -€4.4m
down €4.4m (-44.0%), from €9.9m to €5.6m
- Turnover -€4.1m
down €4.1m (-35.4%), from €11.7m to €7.6m
- Provisions -€380,000
down €380,000 (-100%), from €380,000 to €0
- Services and other goods +€339,625
up €339,625 (+37.6%), from €902,376 to €1.2m
- Other operating income -€119,572
down €119,572 (-99.2%), from €120,558 to €986
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
€10,242
Turnover
-€4.1m
Other operating income
-€119,572
Goods and materials
+€4.4m
Services and other goods
-€339,625
Staff costs
-€55,948
Depreciation
+€1,141
Provisions
+€380,000
Other operating charges
-€34,266
Financial income
-€12,377
Financial charges
-€11,308
Taxes
-€14,469
Result 2025
€32,504
raises the resultlowers the result
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
+€675,488
Investment
-€2,345
Financing
€0
Cash 2024
€7.1m
From operations (derived)
+€675,488
Net result for the year
+€32,504
Depreciation
+€10,582
Receivables within one year
+€386,006
Deferred charges and accrued income
+€16,003
Trade debts
-€363,733
Tax, wage and social debts
+€45,691
Accrued charges and deferred income
+€548,433
Investment (derived)
-€2,345
Investment in fixed assets (net)
-€2,345
Cash 2025
€7.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,678,798 | €12,941,693 | +€262,896 | +2.1% |
| Fixed assets | 21/28 | €42,527 | €34,291 | -€8,237 | -19.4% |
| Tangible fixed assets | 22/27 | €42,164 | €33,928 | -€8,237 | -19.5% |
| Land and buildings | 22 | €5,706 | €4,618 | -€1,088 | -19.1% |
| Furniture and vehicles | 24 | €15,200 | €11,239 | -€3,961 | -26.1% |
| Other tangible fixed assets | 26 | €21,259 | €18,071 | -€3,188 | -15.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €12,636,270 | €12,907,402 | +€271,132 | +2.1% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,511,529 | €5,125,522 | -€386,006 | -7.0% |
| Trade receivables | 40 | €5,462,725 | €5,060,434 | -€402,291 | -7.4% |
| Other amounts receivable | 41 | €48,803 | €65,088 | +€16,284 | +33.4% |
| Cash at bank and in hand | 54/58 | €7,108,738 | €7,781,880 | +€673,142 | +9.5% |
| Deferred charges and accrued income | 490/1 | €16,003 | €0 | -€16,003 | -100% |
| Total equity and liabilities | 10/49 | €12,678,798 | €12,941,693 | +€262,896 | +2.1% |
| Equity | 10/15 | €638,338 | €670,843 | +€32,504 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570,138 | €602,643 | +€32,504 | +5.7% |
| Provisions and deferred taxes | 16 | €380,000 | €380,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €380,000 | €380,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €380,000 | €380,000 | = | 0.0% |
| Amounts payable | 17/49 | €11,660,459 | €11,890,850 | +€230,391 | +2.0% |
| Amounts payable within one year | 42/48 | €4,515,942 | €4,197,901 | -€318,041 | -7.0% |
| Trade debts | 44 | €4,394,444 | €4,030,711 | -€363,733 | -8.3% |
| Suppliers | 440/4 | €4,394,444 | €4,030,711 | -€363,733 | -8.3% |
| Taxes, remuneration and social security | 45 | €121,498 | €167,190 | +€45,691 | +37.6% |
| Taxes | 450/3 | €29,741 | €26,785 | -€2,956 | -9.9% |
| Remuneration and social security | 454/9 | €91,757 | €140,405 | +€48,648 | +53.0% |
| Accrued charges and deferred income | 492/3 | €7,144,517 | €7,692,950 | +€548,433 | +7.7% |
| Operating income | 70/76A | €11,830,956 | €7,565,132 | -€4.3m | -36.1% |
| Turnover | 70 | €11,710,398 | €7,564,146 | -€4.1m | -35.4% |
| Other operating income | 74 | €120,558 | €986 | -€119,572 | -99.2% |
| Operating charges | 60/66A | €11,842,846 | €7,516,605 | -€4.3m | -36.5% |
| Goods for resale, raw materials and consumables | 60 | €9,939,966 | €5,565,026 | -€4.4m | -44.0% |
| Purchases | 600/8 | €9,939,966 | €5,565,026 | -€4.4m | -44.0% |
| Services and other goods | 61 | €902,376 | €1,242,001 | +€339,625 | +37.6% |
| Remuneration, social security and pensions | 62 | €606,618 | €662,566 | +€55,948 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,723 | €10,582 | -€1,141 | -9.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €380,000 | €0 | -€380,000 | -100% |
| Other operating charges | 640/8 | €2,163 | €36,429 | +€34,266 | +1,584% |
| Operating profit (loss) | 9901 | -€11,890 | €48,527 | +€60,417 | |
| Financial income | 75/76B | €125,172 | €112,795 | -€12,377 | -9.9% |
| Recurring financial income | 75 | €125,172 | €112,795 | -€12,377 | -9.9% |
| Income from current assets | 751 | €23,516 | €0 | -€23,516 | -100% |
| Other financial income | 752/9 | €101,656 | €112,795 | +€11,139 | +11.0% |
| Financial charges | 65/66B | €49,158 | €60,467 | +€11,308 | +23.0% |
| Recurring financial charges | 65 | €49,158 | €60,467 | +€11,308 | +23.0% |
| Debt charges | 650 | €2,672 | €5,667 | +€2,996 | +112% |
| Other financial charges | 652/9 | €46,487 | €54,800 | +€8,313 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €64,123 | €100,855 | +€36,732 | +57.3% |
| Income taxes | 67/77 | €53,881 | €68,351 | +€14,469 | +26.9% |
| Taxes | 670/3 | €54,292 | €68,351 | +€14,059 | +25.9% |
| Tax adjustments and reversals of tax provisions | 77 | €410 | €0 | -€410 | -100% |
| Profit (loss) for the period | 9904 | €10,242 | €32,504 | +€22,263 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €10,242 | €32,504 | +€22,263 | +217% |
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 25 October 2026 via checked.be.