LUWBOL: 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.
LUWBOL
Largest movements
- Cash +€22,541
up €22,541 (+37.1%), from €60,740 to €83,281
mainly Net result for the year (+€90,216) and Other debts (+€5,200)
- Receivables within one year +€4,366
up €4,366 (+13.8%), from €31,604 to €35,970
of which Other amounts receivable: +€24,509
- Tangible fixed assets +€2,745
up €2,745 (+607.9%), from €452 to €3,197
- Profit (loss) carried forward +€25,816
up €25,816 (+288.7%), from €8,943 to €34,759
- Other debts +€5,200
up €5,200 (+10.8%), from €48,000 to €53,200
- Advances received -€3,630
no longer reported in 2025 (was €3,630)
- Tax, wage and social debts +€2,200
up €2,200 (+17.6%), from €12,500 to €14,700
- Gross operating margin +€28,808
up €28,808 (+35.5%), from €81,082 to €109,891
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 | €93,891 | €122,448 | +€28,557 | +30.4% |
| Fixed assets | 21/28 | €452 | €3,197 | +€2,745 | +607.9% |
| Tangible fixed assets | 22/27 | €452 | €3,197 | +€2,745 | +607.9% |
| Furniture and vehicles | 24 | €452 | €3,197 | +€2,745 | +607.9% |
| Current assets | 29/58 | €93,440 | €119,251 | +€25,812 | +27.6% |
| Amounts receivable within one year | 40/41 | €31,604 | €35,970 | +€4,366 | +13.8% |
| Trade receivables | 40 | €20,143 | - | -€20,143 | |
| Other amounts receivable | 41 | €11,461 | €35,970 | +€24,509 | +213.8% |
| Cash at bank and in hand | 54/58 | €60,740 | €83,281 | +€22,541 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,096 | - | -€1,096 | |
| Total equity and liabilities | 10/49 | €93,891 | €122,448 | +€28,557 | +30.4% |
| Equity | 10/15 | €28,665 | €54,481 | +€25,816 | +90.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,122 | €1,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,122 | €1,122 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,122 | €1,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,943 | €34,759 | +€25,816 | +288.7% |
| Amounts payable | 17/49 | €65,226 | €67,967 | +€2,741 | +4.2% |
| Amounts payable within one year | 42/48 | €65,226 | €67,967 | +€2,741 | +4.2% |
| Trade debts | 44 | €1,096 | €67 | -€1,029 | -93.9% |
| Suppliers | 440/4 | €1,096 | €67 | -€1,029 | -93.9% |
| Advances received on contracts in progress | 46 | €3,630 | - | -€3,630 | |
| Taxes, remuneration and social security | 45 | €12,500 | €14,700 | +€2,200 | +17.6% |
| Taxes | 450/3 | €12,500 | €14,700 | +€2,200 | +17.6% |
| Other amounts payable | 47/48 | €48,000 | €53,200 | +€5,200 | +10.8% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €733 | +€507 | +224.6% |
| Other operating charges | 640/8 | €295 | €1,094 | +€799 | +270.8% |
| Gross operating margin | 9900 | €81,082 | €109,891 | +€28,808 | +35.5% |
| Operating profit (loss) | 9901 | €80,561 | €108,064 | +€27,502 | +34.1% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €103 | €96 | -€7 | -6.8% |
| Recurring financial charges | 65 | €103 | €96 | -€7 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €80,458 | €107,993 | +€27,535 | +34.2% |
| Income taxes | 67/77 | €17,449 | €17,777 | +€329 | +1.9% |
| Profit (loss) for the period | 9904 | €63,010 | €90,216 | +€27,206 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,010 | €90,216 | +€27,206 | +43.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.