LUWI: 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.
LUWI
Largest movements
- Tangible fixed assets +€667,466
up €667,466 (+61.8%), from €1.1m to €1.7m
- Current investments +€662,471
up €662,471 (+312.2%), from €212,161 to €874,631
- Cash -€134,600
down €134,600 (-99.9%), from €134,782 to €182
mainly Investment in fixed assets (net) (-€715,000) and Current investments (-€662,471)
- Receivables within one year +€87,104
up €87,104 (+26.2%), from €332,041 to €419,145
of which Other amounts receivable: +€67,204
- Debts after one year +€674,492
up €674,492 (+174.9%), from €385,606 to €1.1m
- Other debts +€274,977
up €274,977 (+127.4%), from €215,819 to €490,797
- Current portion of long-term debt +€260,892
up €260,892 (+145.4%), from €179,385 to €440,277
- Reserves +€138,930
up €138,930 (+47.4%), from €293,150 to €432,080
of which Tax-exempt reserves: +€138,930
- Profit (loss) carried forward -€52,158
down €52,158 (-9.8%), from €531,584 to €479,425
- Gross operating margin +€50,387
up €50,387 (+10.2%), from €494,515 to €544,902
- Financial charges +€38,543
up €38,543 (+120.4%), from €32,025 to €70,568
- Taxes +€12,300
up €12,300 (+11.6%), from €106,368 to €118,668
- Other operating charges +€10,971
up €10,971 (+103.8%), from €10,564 to €21,535
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 | €1,765,749 | €3,071,621 | +€1.3m | +74.0% |
| Fixed assets | 21/28 | €1,080,659 | €1,748,125 | +€667,466 | +61.8% |
| Tangible fixed assets | 22/27 | €1,080,659 | €1,748,125 | +€667,466 | +61.8% |
| Land and buildings | 22 | €1,080,659 | €1,748,125 | +€667,466 | +61.8% |
| Current assets | 29/58 | €685,090 | €1,323,496 | +€638,405 | +93.2% |
| Amounts receivable within one year | 40/41 | €332,041 | €419,145 | +€87,104 | +26.2% |
| Trade receivables | 40 | €56,600 | €76,500 | +€19,900 | +35.2% |
| Other amounts receivable | 41 | €275,441 | €342,645 | +€67,204 | +24.4% |
| Current investments | 50/53 | €212,161 | €874,631 | +€662,471 | +312.2% |
| Cash at bank and in hand | 54/58 | €134,782 | €182 | -€134,600 | -99.9% |
| Deferred charges and accrued income | 490/1 | €6,107 | €29,537 | +€23,430 | +383.7% |
| Total equity and liabilities | 10/49 | €1,765,749 | €3,071,621 | +€1.3m | +74.0% |
| Equity | 10/15 | €843,333 | €930,105 | +€86,772 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,150 | €432,080 | +€138,930 | +47.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €92,620 | €231,550 | +€138,930 | +150.0% |
| Distributable reserves | 133 | €198,670 | €200,530 | +€1,860 | +0.9% |
| Profit (loss) carried forward | 14 | €531,584 | €479,425 | -€52,158 | -9.8% |
| Amounts payable | 17/49 | €922,416 | €2,141,516 | +€1.2m | +132.2% |
| Amounts payable after more than one year | 17 | €385,606 | €1,060,098 | +€674,492 | +174.9% |
| Financial debts | 170/4 | €385,606 | €1,060,098 | +€674,492 | +174.9% |
| Amounts payable within one year | 42/48 | €536,810 | €1,081,417 | +€544,607 | +101.5% |
| Current portion of amounts payable after more than one year | 42 | €179,385 | €440,277 | +€260,892 | +145.4% |
| Trade debts | 44 | €4,814 | €5,616 | +€802 | +16.7% |
| Suppliers | 440/4 | €4,814 | €5,616 | +€802 | +16.7% |
| Taxes, remuneration and social security | 45 | €136,792 | €144,728 | +€7,936 | +5.8% |
| Taxes | 450/3 | €130,792 | €144,728 | +€13,936 | +10.7% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €215,819 | €490,797 | +€274,977 | +127.4% |
| Non-recurring operating income | 76A | €58,410 | - | -€58,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,095 | €47,534 | +€1,439 | +3.1% |
| Other operating charges | 640/8 | €10,564 | €21,535 | +€10,971 | +103.8% |
| Gross operating margin | 9900 | €494,515 | €544,902 | +€50,387 | +10.2% |
| Operating profit (loss) | 9901 | €437,855 | €475,833 | +€37,978 | +8.7% |
| Financial income | 75/76B | €0 | €175 | +€175 | +1753300.0% |
| Recurring financial income | 75 | €0 | €175 | +€175 | +1753300.0% |
| Financial charges | 65/66B | €32,025 | €70,568 | +€38,543 | +120.4% |
| Recurring financial charges | 65 | €32,025 | €70,568 | +€38,543 | +120.4% |
| Profit (loss) for the period before taxes | 9903 | €405,830 | €405,440 | -€390 | -0.1% |
| Income taxes | 67/77 | €106,368 | €118,668 | +€12,300 | +11.6% |
| Profit (loss) for the period | 9904 | €299,462 | €286,772 | -€12,690 | -4.2% |
| Transfer to tax-exempt reserves | 689 | €92,620 | €138,930 | +€46,310 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €206,842 | €147,842 | -€59,000 | -28.5% |
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 6 October 2026 via checked.be.