LUWAERT: what changed
Two fiscal 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.
LUWAERT
Largest movements
- Tangible fixed assets -€13,284
down €13,284 (-1.7%), from €766,118 to €752,834
- Cash +€9,862
up €9,862 (+13.2%), from €74,702 to €84,563
mainly Depreciation (+€13,284) and Deferred charges and accrued income (+€280)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€421
up €421 (+1.9%), from €22,000 to €22,422
- Other operating charges +€418
up €418 (+3.4%), from €12,422 to €12,840
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 | €841,100 | €837,398 | -€3,702 | -0.4% |
| Fixed assets | 21/28 | €766,118 | €752,834 | -€13,284 | -1.7% |
| Tangible fixed assets | 22/27 | €766,118 | €752,834 | -€13,284 | -1.7% |
| Land and buildings | 22 | €766,118 | €752,834 | -€13,284 | -1.7% |
| Current assets | 29/58 | €74,982 | €84,563 | +€9,582 | +12.8% |
| Cash at bank and in hand | 54/58 | €74,702 | €84,563 | +€9,862 | +13.2% |
| Deferred charges and accrued income | 490/1 | €280 | €0 | -€280 | -100.0% |
| Total equity and liabilities | 10/49 | €841,100 | €837,398 | -€3,702 | -0.4% |
| Equity | 10/15 | €249,924 | €246,222 | -€3,702 | -1.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,076 | -€253,778 | -€3,702 | -1.5% |
| Amounts payable | 17/49 | €591,176 | €591,176 | = | 0.0% |
| Amounts payable after more than one year | 17 | €585,000 | €585,000 | = | 0.0% |
| Financial debts | 170/4 | €585,000 | €585,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,176 | €6,176 | = | 0.0% |
| Trade debts | 44 | €279 | €424 | +€144 | +51.7% |
| Suppliers | 440/4 | €279 | €424 | +€144 | +51.7% |
| Other amounts payable | 47/48 | €5,897 | €5,753 | -€144 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,284 | €13,284 | = | 0.0% |
| Other operating charges | 640/8 | €12,422 | €12,840 | +€418 | +3.4% |
| Gross operating margin | 9900 | €22,000 | €22,422 | +€421 | +1.9% |
| Operating profit (loss) | 9901 | -€3,705 | -€3,702 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,705 | -€3,702 | +€3 | +0.1% |
| Profit (loss) for the period | 9904 | -€3,705 | -€3,702 | +€3 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,705 | -€3,702 | +€3 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.