LW-ADVisory: 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.
LW-ADVisory
Largest movements
- Cash +€63,852
up €63,852 (+1,227%), from €5,203 to €69,055
mainly Net result for the year (+€55,143) and Receivables within one year (+€9,157)
- Receivables within one year -€9,157
down €9,157 (-35.9%), from €25,483 to €16,326
of which Trade receivables: -€7,874
- Tangible fixed assets -€6,346
down €6,346 (-24.5%), from €25,911 to €19,565
- Reserves +€53,477
up €53,477 (+243%), from €22,051 to €75,529
- Debts after one year -€7,435
down €7,435 (-45.1%), from €16,478 to €9,043
- Other debts +€1,099
up €1,099 (+69.0%), from €1,592 to €2,691
- Gross operating margin +€40,213
up €40,213 (+105%), from €38,369 to €78,583
- Taxes +€8,442
up €8,442 (+126%), from €6,717 to €15,159
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,926 | €105,209 | +€48,283 | +84.8% |
| Fixed assets | 21/28 | €25,911 | €19,565 | -€6,346 | -24.5% |
| Tangible fixed assets | 22/27 | €25,911 | €19,565 | -€6,346 | -24.5% |
| Leasing and similar rights | 25 | €25,911 | €19,565 | -€6,346 | -24.5% |
| Current assets | 29/58 | €31,015 | €85,644 | +€54,629 | +176% |
| Amounts receivable within one year | 40/41 | €25,483 | €16,326 | -€9,157 | -35.9% |
| Trade receivables | 40 | €24,200 | €16,326 | -€7,874 | -32.5% |
| Other amounts receivable | 41 | €1,283 | €0 | -€1,283 | -100% |
| Cash at bank and in hand | 54/58 | €5,203 | €69,055 | +€63,852 | +1,227% |
| Deferred charges and accrued income | 490/1 | €329 | €263 | -€67 | -20.2% |
| Total equity and liabilities | 10/49 | €56,926 | €105,209 | +€48,283 | +84.8% |
| Equity | 10/15 | €27,051 | €80,529 | +€53,477 | +198% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,051 | €75,529 | +€53,477 | +243% |
| Distributable reserves | 133 | €22,051 | €75,529 | +€53,477 | +243% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,874 | €24,680 | -€5,194 | -17.4% |
| Amounts payable after more than one year | 17 | €16,478 | €9,043 | -€7,435 | -45.1% |
| Financial debts | 170/4 | €16,478 | €9,043 | -€7,435 | -45.1% |
| Amounts payable within one year | 42/48 | €13,396 | €15,638 | +€2,241 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,570 | €7,435 | +€865 | +13.2% |
| Trade debts | 44 | €803 | €666 | -€137 | -17.1% |
| Suppliers | 440/4 | €803 | €666 | -€137 | -17.1% |
| Taxes, remuneration and social security | 45 | €4,431 | €4,845 | +€414 | +9.3% |
| Taxes | 450/3 | €4,431 | €4,845 | +€414 | +9.3% |
| Other amounts payable | 47/48 | €1,592 | €2,691 | +€1,099 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €6,346 | +€529 | +9.1% |
| Other operating charges | 640/8 | €1,070 | €1,021 | -€49 | -4.6% |
| Gross operating margin | 9900 | €38,369 | €78,583 | +€40,213 | +105% |
| Operating profit (loss) | 9901 | €31,483 | €71,216 | +€39,733 | +126% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €1,048 | €914 | -€135 | -12.8% |
| Recurring financial charges | 65 | €1,048 | €914 | -€135 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €30,434 | €70,302 | +€39,868 | +131% |
| Income taxes | 67/77 | €6,717 | €15,159 | +€8,442 | +126% |
| Profit (loss) for the period | 9904 | €23,717 | €55,143 | +€31,426 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €23,717 | €55,143 | +€31,426 | +133% |
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 14 October 2026 via checked.be.