LUWPAT: 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.
LUWPAT
Largest movements
- Cash -€24,060
down €24,060 (-34.1%), from €70,469 to €46,409
mainly Trade debts (-€17,313) and Net result for the year (-€16,733)
- Receivables within one year -€23,888
down €23,888 (-95.5%), from €25,023 to €1,135
of which Trade receivables: -€23,233
- Tangible fixed assets -€11,057
down €11,057 (-20.7%), from €53,508 to €42,451
of which Leasing and similar rights: -€8,444
- Trade debts -€17,313
down €17,313 (-32.6%), from €53,112 to €35,800
- Profit (loss) carried forward -€16,733
down €16,733 (-56.9%), from €29,425 to €12,692
- Tax, wage and social debts -€15,154
down €15,154 (-29.3%), from €51,747 to €36,593
of which Taxes: -€8,138
- Debts after one year -€5,049
down €5,049 (-79.6%), from €6,342 to €1,294
- Accrued charges and deferred income -€2,748
down €2,748 (-100.0%), from €2,748 to €0
- Gross operating margin -€24,918
down €24,918 (-4.9%), from €511,550 to €486,633
- Financial charges -€13,577
down €13,577 (-15.9%), from €85,327 to €71,750
- Staff costs +€8,938
up €8,938 (+2.2%), from €410,117 to €419,056
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 | €188,616 | €128,200 | -€60,416 | -32.0% |
| Fixed assets | 21/28 | €54,521 | €43,464 | -€11,057 | -20.3% |
| Tangible fixed assets | 22/27 | €53,508 | €42,451 | -€11,057 | -20.7% |
| Plant, machinery and equipment | 23 | €5,827 | €11,300 | +€5,472 | +93.9% |
| Furniture and vehicles | 24 | €11,376 | €6,936 | -€4,440 | -39.0% |
| Leasing and similar rights | 25 | €8,444 | €0 | -€8,444 | -100.0% |
| Other tangible fixed assets | 26 | €27,861 | €24,216 | -€3,645 | -13.1% |
| Financial fixed assets | 28 | €1,013 | €1,013 | = | 0.0% |
| Current assets | 29/58 | €134,095 | €84,736 | -€49,359 | -36.8% |
| Stocks and contracts in progress | 3 | €7,205 | €6,727 | -€477 | -6.6% |
| Stocks | 30/36 | €7,205 | €6,727 | -€477 | -6.6% |
| Amounts receivable within one year | 40/41 | €25,023 | €1,135 | -€23,888 | -95.5% |
| Trade receivables | 40 | €23,233 | €0 | -€23,233 | -100.0% |
| Other amounts receivable | 41 | €1,790 | €1,135 | -€655 | -36.6% |
| Current investments | 50/53 | €30,083 | €30,464 | +€381 | +1.3% |
| Cash at bank and in hand | 54/58 | €70,469 | €46,409 | -€24,060 | -34.1% |
| Deferred charges and accrued income | 490/1 | €1,315 | €0 | -€1,315 | -100.0% |
| Total equity and liabilities | 10/49 | €188,616 | €128,200 | -€60,416 | -32.0% |
| Equity | 10/15 | €54,881 | €37,406 | -€17,475 | -31.8% |
| Contributions | 10/11 | €18,779 | €18,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,425 | €12,692 | -€16,733 | -56.9% |
| Investment grants | 15 | €6,677 | €5,935 | -€742 | -11.1% |
| Amounts payable | 17/49 | €133,735 | €90,794 | -€42,941 | -32.1% |
| Amounts payable after more than one year | 17 | €6,342 | €1,294 | -€5,049 | -79.6% |
| Financial debts | 170/4 | €6,342 | €1,294 | -€5,049 | -79.6% |
| Amounts payable within one year | 42/48 | €124,646 | €89,501 | -€35,145 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €17,557 | €14,879 | -€2,678 | -15.3% |
| Trade debts | 44 | €53,112 | €35,800 | -€17,313 | -32.6% |
| Suppliers | 440/4 | €53,112 | €35,800 | -€17,313 | -32.6% |
| Taxes, remuneration and social security | 45 | €51,747 | €36,593 | -€15,154 | -29.3% |
| Taxes | 450/3 | €13,512 | €5,374 | -€8,138 | -60.2% |
| Remuneration and social security | 454/9 | €38,235 | €31,218 | -€7,016 | -18.4% |
| Other amounts payable | 47/48 | €2,229 | €2,229 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,748 | €0 | -€2,748 | -100.0% |
| Remuneration, social security and pensions | 62 | €410,117 | €419,056 | +€8,938 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,695 | €11,550 | -€146 | -1.2% |
| Other operating charges | 640/8 | €758 | €2,781 | +€2,023 | +266.8% |
| Gross operating margin | 9900 | €511,550 | €486,633 | -€24,918 | -4.9% |
| Operating profit (loss) | 9901 | €88,980 | €53,246 | -€35,734 | -40.2% |
| Financial income | 75/76B | €945 | €1,771 | +€826 | +87.4% |
| Recurring financial income | 75 | €945 | €1,771 | +€826 | +87.4% |
| Financial charges | 65/66B | €85,327 | €71,750 | -€13,577 | -15.9% |
| Recurring financial charges | 65 | €85,327 | €71,750 | -€13,577 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €4,598 | -€16,733 | -€21,331 | |
| Income taxes | 67/77 | €2,869 | €0 | -€2,869 | -100.0% |
| Profit (loss) for the period | 9904 | €1,729 | -€16,733 | -€18,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,729 | -€16,733 | -€18,462 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.