LW-GROUP: 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-GROUP
Largest movements
- Receivables within one year -€132,382
down €132,382 (-98.7%), from €134,110 to €1,728
- Cash +€109,639
up €109,639 (+2,279%), from €4,812 to €114,451
mainly Receivables within one year (+€132,382) and Net result for the year (+€12,689)
- Other debts -€37,903
no longer reported in 2025 (was €37,903)
- Financial income -€201,415
down €201,415 (-91.0%), from €221,415 to €20,000
- Financial charges -€16,290
down €16,290 (-98.9%), from €16,465 to €175
of which Non-recurring financial charges: -€15,279
- Depreciation -€1,609
no longer reported in 2025 (was €1,609)
- Gross operating margin +€1,473
up €1,473 (+19.3%), from -€7,627 to -€6,154
- Taxes -€175
no longer reported in 2025 (was €175)
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 | €2,434,951 | €2,409,023 | -€25,928 | -1.1% |
| Fixed assets | 21/28 | €2,296,029 | €2,292,844 | -€3,186 | -0.1% |
| Tangible fixed assets | 22/27 | €3,186 | - | -€3,186 | |
| Plant, machinery and equipment | 23 | €1,643 | - | -€1,643 | |
| Furniture and vehicles | 24 | €1,543 | - | -€1,543 | |
| Financial fixed assets | 28 | €2,292,844 | €2,292,844 | = | 0.0% |
| Current assets | 29/58 | €138,922 | €116,180 | -€22,742 | -16.4% |
| Amounts receivable within one year | 40/41 | €134,110 | €1,728 | -€132,382 | -98.7% |
| Other amounts receivable | 41 | €134,110 | €1,728 | -€132,382 | -98.7% |
| Cash at bank and in hand | 54/58 | €4,812 | €114,451 | +€109,639 | +2,279% |
| Total equity and liabilities | 10/49 | €2,434,951 | €2,409,023 | -€25,928 | -1.1% |
| Equity | 10/15 | €2,396,334 | €2,409,023 | +€12,689 | +0.5% |
| Contributions | 10/11 | €731,500 | €731,500 | = | 0.0% |
| Revaluation surpluses | 12 | €889,859 | €889,859 | = | 0.0% |
| Reserves | 13 | €774,975 | €787,664 | +€12,689 | +1.6% |
| Non-distributable reserves | 130/1 | €20,000 | - | -€20,000 | |
| Reserves not available under the articles | 1311 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €754,975 | €787,664 | +€32,689 | +4.3% |
| Amounts payable | 17/49 | €38,617 | - | -€38,617 | |
| Amounts payable within one year | 42/48 | €38,617 | - | -€38,617 | |
| Trade debts | 44 | €714 | - | -€714 | |
| Suppliers | 440/4 | €714 | - | -€714 | |
| Other amounts payable | 47/48 | €37,903 | - | -€37,903 | |
| Non-recurring operating income | 76A | €23,947 | - | -€23,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,609 | - | -€1,609 | |
| Other operating charges | 640/8 | €815 | €982 | +€166 | +20.4% |
| Gross operating margin | 9900 | -€7,627 | -€6,154 | +€1,473 | +19.3% |
| Operating profit (loss) | 9901 | -€10,051 | -€7,136 | +€2,916 | +29.0% |
| Financial income | 75/76B | €221,415 | €20,000 | -€201,415 | -91.0% |
| Recurring financial income | 75 | €221,415 | €20,000 | -€201,415 | -91.0% |
| Financial charges | 65/66B | €16,465 | €175 | -€16,290 | -98.9% |
| Recurring financial charges | 65 | €1,186 | €175 | -€1,011 | -85.2% |
| Non-recurring financial charges | 66B | €15,279 | - | -€15,279 | |
| Profit (loss) for the period before taxes | 9903 | €194,899 | €12,689 | -€182,210 | -93.5% |
| Income taxes | 67/77 | €175 | - | -€175 | |
| Profit (loss) for the period | 9904 | €194,724 | €12,689 | -€182,035 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €194,724 | €12,689 | -€182,035 | -93.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.