LW HOLDING: 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 HOLDING
Largest movements
- Cash -€11,174
down €11,174 (-27.6%), from €40,499 to €29,325
mainly Debts after one year (-€34,609) and Receivables within one year (-€11,069)
- Receivables within one year +€11,069
up €11,069 (+82.1%), from €13,474 to €24,543
of which Other amounts receivable: +€23,239
- Tangible fixed assets -€7,304
down €7,304 (-22.3%), from €32,768 to €25,464
- Debts after one year -€34,609
down €34,609 (-18.9%), from €183,093 to €148,484
- Reserves +€33,088
up €33,088 (+98.9%), from €33,461 to €66,549
- Tax, wage and social debts -€7,264
down €7,264 (-24.1%), from €30,100 to €22,836
of which Taxes: -€7,514
- Depreciation +€3,552
up €3,552 (+94.7%), from €3,752 to €7,304
- Gross operating margin +€3,099
up €3,099 (+5.4%), from €57,119 to €60,218
- Financial charges +€647
up €647 (+9.2%), from €7,048 to €7,696
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 | €287,690 | €280,355 | -€7,336 | -2.5% |
| Fixed assets | 21/28 | €232,768 | €225,464 | -€7,304 | -3.1% |
| Tangible fixed assets | 22/27 | €32,768 | €25,464 | -€7,304 | -22.3% |
| Furniture and vehicles | 24 | €32,768 | €25,464 | -€7,304 | -22.3% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €54,922 | €54,891 | -€32 | -0.1% |
| Amounts receivable within one year | 40/41 | €13,474 | €24,543 | +€11,069 | +82.1% |
| Trade receivables | 40 | €13,140 | €969 | -€12,171 | -92.6% |
| Other amounts receivable | 41 | €335 | €23,574 | +€23,239 | +6,945% |
| Cash at bank and in hand | 54/58 | €40,499 | €29,325 | -€11,174 | -27.6% |
| Deferred charges and accrued income | 490/1 | €949 | €1,023 | +€74 | +7.7% |
| Total equity and liabilities | 10/49 | €287,690 | €280,355 | -€7,336 | -2.5% |
| Equity | 10/15 | €35,461 | €68,549 | +€33,088 | +93.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,461 | €66,549 | +€33,088 | +98.9% |
| Distributable reserves | 133 | €33,461 | €66,549 | +€33,088 | +98.9% |
| Amounts payable | 17/49 | €252,229 | €211,806 | -€40,423 | -16.0% |
| Amounts payable after more than one year | 17 | €183,093 | €148,484 | -€34,609 | -18.9% |
| Financial debts | 170/4 | €183,093 | €148,484 | -€34,609 | -18.9% |
| Amounts payable within one year | 42/48 | €68,677 | €62,274 | -€6,403 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €35,404 | €36,395 | +€991 | +2.8% |
| Trade debts | 44 | €3,172 | €3,043 | -€129 | -4.1% |
| Suppliers | 440/4 | €3,172 | €3,043 | -€129 | -4.1% |
| Taxes, remuneration and social security | 45 | €30,100 | €22,836 | -€7,264 | -24.1% |
| Taxes | 450/3 | €29,900 | €22,386 | -€7,514 | -25.1% |
| Remuneration and social security | 454/9 | €200 | €450 | +€250 | +125% |
| Accrued charges and deferred income | 492/3 | €460 | €1,048 | +€588 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,752 | €7,304 | +€3,552 | +94.7% |
| Other operating charges | 640/8 | €119 | €237 | +€119 | +100% |
| Gross operating margin | 9900 | €57,119 | €60,218 | +€3,099 | +5.4% |
| Operating profit (loss) | 9901 | €53,249 | €52,677 | -€572 | -1.1% |
| Financial income | 75/76B | €7 | €565 | +€557 | +7,732% |
| Recurring financial income | 75 | €7 | €565 | +€557 | +7,732% |
| Financial charges | 65/66B | €7,048 | €7,696 | +€647 | +9.2% |
| Recurring financial charges | 65 | €7,048 | €7,696 | +€647 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €46,207 | €45,546 | -€662 | -1.4% |
| Income taxes | 67/77 | €12,746 | €12,458 | -€288 | -2.3% |
| Profit (loss) for the period | 9904 | €33,461 | €33,088 | -€374 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,461 | €33,088 | -€374 | -1.1% |
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 21 October 2026 via checked.be.