LW Cycling: 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 Cycling
Largest movements
- Receivables within one year -€23,137
down €23,137 (-58.1%), from €39,799 to €16,662
of which Trade receivables: -€25,366
- Cash +€22,053
up €22,053 (+246%), from €8,976 to €31,029
mainly Receivables within one year (+€23,137) and Net result for the year (+€20,131)
- Stocks and contracts +€18,825
new in 2025: €18,825
- Tangible fixed assets +€2,444
up €2,444 (+206%), from €1,188 to €3,632
- Reserves +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€39,869
down €39,869 (-91.4%), from €43,597 to €3,728
- Taxes -€1,699
down €1,699 (-24.9%), from €6,831 to €5,132
- Gross operating margin -€1,645
down €1,645 (-5.9%), from €27,878 to €26,233
- Depreciation +€367
up €367 (+2,022%), from €18 to €385
- Other operating charges -€364
down €364 (-40.1%), from €908 to €544
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 | €49,963 | €70,147 | +€20,185 | +40.4% |
| Fixed assets | 21/28 | €1,188 | €3,632 | +€2,444 | +206% |
| Tangible fixed assets | 22/27 | €1,188 | €3,632 | +€2,444 | +206% |
| Furniture and vehicles | 24 | €1,188 | €3,632 | +€2,444 | +206% |
| Current assets | 29/58 | €48,775 | €66,516 | +€17,741 | +36.4% |
| Stocks and contracts in progress | 3 | - | €18,825 | +€18,825 | |
| Stocks | 30/36 | - | €18,825 | +€18,825 | |
| Amounts receivable within one year | 40/41 | €39,799 | €16,662 | -€23,137 | -58.1% |
| Trade receivables | 40 | €37,553 | €12,187 | -€25,366 | -67.5% |
| Other amounts receivable | 41 | €2,246 | €4,475 | +€2,229 | +99.2% |
| Cash at bank and in hand | 54/58 | €8,976 | €31,029 | +€22,053 | +246% |
| Total equity and liabilities | 10/49 | €49,963 | €70,147 | +€20,185 | +40.4% |
| Equity | 10/15 | €45,597 | €65,728 | +€20,131 | +44.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €60,000 | +€60,000 | |
| Distributable reserves | 133 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | €43,597 | €3,728 | -€39,869 | -91.4% |
| Amounts payable | 17/49 | €4,365 | €4,419 | +€54 | +1.2% |
| Amounts payable within one year | 42/48 | €4,365 | €4,419 | +€54 | +1.2% |
| Trade debts | 44 | €716 | €108 | -€608 | -84.9% |
| Suppliers | 440/4 | €716 | €108 | -€608 | -84.9% |
| Taxes, remuneration and social security | 45 | €3,649 | €4,311 | +€662 | +18.1% |
| Taxes | 450/3 | €3,649 | €4,311 | +€662 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18 | €385 | +€367 | +2,022% |
| Other operating charges | 640/8 | €908 | €544 | -€364 | -40.1% |
| Gross operating margin | 9900 | €27,878 | €26,233 | -€1,645 | -5.9% |
| Operating profit (loss) | 9901 | €26,952 | €25,303 | -€1,648 | -6.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €68 | €40 | -€27 | -40.3% |
| Recurring financial charges | 65 | €68 | €40 | -€27 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €26,884 | €25,263 | -€1,621 | -6.0% |
| Income taxes | 67/77 | €6,831 | €5,132 | -€1,699 | -24.9% |
| Profit (loss) for the period | 9904 | €20,053 | €20,131 | +€78 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,053 | €20,131 | +€78 | +0.4% |
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 23 October 2026 via checked.be.