LW Electrics: 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 Electrics
Largest movements
- Receivables within one year +€33,552
up €33,552 (+62.0%), from €54,153 to €87,705
of which Trade receivables: +€23,322
- Tangible fixed assets -€19,376
down €19,376 (-82.1%), from €23,594 to €4,218
of which Furniture and vehicles: -€17,229
- Stocks and contracts +€5,193
up €5,193 (+10.2%), from €51,058 to €56,250
- Intangible fixed assets -€4,500
down €4,500 (-18.1%), from €24,892 to €20,392
- Cash +€2,956
up €2,956, from €0 to €2,956
mainly Trade debts (+€29,971) and Depreciation (+€12,610)
- Trade debts +€29,971
up €29,971 (+113%), from €26,632 to €56,603
- Debts after one year -€15,394
down €15,394 (-100%), from €15,394 to €0
- Short-term financial debts -€9,873
down €9,873 (-100%), from €9,873 to €0
- Reserves +€8,368
up €8,368 (+34.0%), from €24,590 to €32,958
- Other debts +€5,865
up €5,865 (+40.2%), from €14,585 to €20,450
- Write-downs -€7,125
down €7,125 (-100%), from €7,125 to €0
- Gross operating margin +€4,467
up €4,467 (+16.2%), from €27,560 to €32,027
- Depreciation -€3,554
down €3,554 (-22.0%), from €16,164 to €12,610
- Taxes +€3,178
up €3,178 (+261%), from €1,219 to €4,397
- Financial income -€1,758
down €1,758 (-75.8%), from €2,318 to €560
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 | €154,745 | €173,379 | +€18,635 | +12.0% |
| Fixed assets | 21/28 | €48,486 | €24,610 | -€23,876 | -49.2% |
| Intangible fixed assets | 21 | €24,892 | €20,392 | -€4,500 | -18.1% |
| Tangible fixed assets | 22/27 | €23,594 | €4,218 | -€19,376 | -82.1% |
| Plant, machinery and equipment | 23 | €3,067 | €919 | -€2,147 | -70.0% |
| Furniture and vehicles | 24 | €20,528 | €3,298 | -€17,229 | -83.9% |
| Current assets | 29/58 | €106,259 | €148,770 | +€42,511 | +40.0% |
| Stocks and contracts in progress | 3 | €51,058 | €56,250 | +€5,193 | +10.2% |
| Stocks | 30/36 | €51,058 | €56,250 | +€5,193 | +10.2% |
| Amounts receivable within one year | 40/41 | €54,153 | €87,705 | +€33,552 | +62.0% |
| Trade receivables | 40 | €43,613 | €66,936 | +€23,322 | +53.5% |
| Other amounts receivable | 41 | €10,539 | €20,769 | +€10,230 | +97.1% |
| Cash at bank and in hand | 54/58 | €0 | €2,956 | +€2,956 | |
| Deferred charges and accrued income | 490/1 | €1,048 | €1,859 | +€811 | +77.3% |
| Total equity and liabilities | 10/49 | €154,745 | €173,379 | +€18,635 | +12.0% |
| Equity | 10/15 | €30,315 | €37,958 | +€7,643 | +25.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,590 | €32,958 | +€8,368 | +34.0% |
| Distributable reserves | 133 | €24,590 | €32,958 | +€8,368 | +34.0% |
| Profit (loss) carried forward | 14 | €725 | €0 | -€725 | -100% |
| Amounts payable | 17/49 | €124,430 | €135,421 | +€10,992 | +8.8% |
| Amounts payable after more than one year | 17 | €15,394 | €0 | -€15,394 | -100% |
| Financial debts | 170/4 | €15,394 | €0 | -€15,394 | -100% |
| Amounts payable within one year | 42/48 | €108,947 | €135,377 | +€26,430 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €54,095 | €52,544 | -€1,551 | -2.9% |
| Financial debts | 43 | €9,873 | €0 | -€9,873 | -100% |
| Credit institutions | 430/8 | €9,873 | €0 | -€9,873 | -100% |
| Trade debts | 44 | €26,632 | €56,603 | +€29,971 | +113% |
| Suppliers | 440/4 | €26,632 | €56,603 | +€29,971 | +113% |
| Taxes, remuneration and social security | 45 | €3,762 | €5,780 | +€2,018 | +53.6% |
| Taxes | 450/3 | €3,762 | €2,751 | -€1,011 | -26.9% |
| Remuneration and social security | 454/9 | - | €3,029 | +€3,029 | |
| Other amounts payable | 47/48 | €14,585 | €20,450 | +€5,865 | +40.2% |
| Accrued charges and deferred income | 492/3 | €89 | €45 | -€44 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,164 | €12,610 | -€3,554 | -22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,125 | €0 | -€7,125 | -100% |
| Other operating charges | 640/8 | €2,115 | €2,305 | +€190 | +9.0% |
| Non-recurring operating charges | 66A | - | €1,700 | +€1,700 | |
| Gross operating margin | 9900 | €27,560 | €32,027 | +€4,467 | +16.2% |
| Operating profit (loss) | 9901 | €2,157 | €15,412 | +€13,255 | +615% |
| Financial income | 75/76B | €2,318 | €560 | -€1,758 | -75.8% |
| Recurring financial income | 75 | €2,318 | €560 | -€1,758 | -75.8% |
| Financial charges | 65/66B | €2,734 | €2,266 | -€468 | -17.1% |
| Recurring financial charges | 65 | €2,734 | €2,266 | -€468 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,741 | €13,706 | +€11,965 | +687% |
| Income taxes | 67/77 | €1,219 | €4,397 | +€3,178 | +261% |
| Profit (loss) for the period | 9904 | €522 | €9,309 | +€8,787 | +1,685% |
| Profit (loss) for the period to be appropriated | 9905 | €522 | €9,309 | +€8,787 | +1,685% |
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 18 October 2026 via checked.be.