LW IMMO: what changed
Two fiscal 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 IMMO
Largest movements
- Tangible fixed assets -€9,583
down €9,583 (-8.8%), from €108,664 to €99,081
of which Land and buildings: -€9,150
- Receivables within one year +€8,742
up €8,742 (+621.0%), from €1,408 to €10,150
- Cash -€1,732
no longer reported in 2024 (was €1,732)
mainly Debts after one year (-€13,595) and Receivables within one year (-€8,742)
- Other debts +€18,353
up €18,353 (+2617.9%), from €701 to €19,054
- Debts after one year -€13,595
down €13,595 (-13.9%), from €97,720 to €84,125
- Profit (loss) carried forward -€4,637
down €4,637 (-518.1%), from -€895 to -€5,532
- Trade debts -€2,876
down €2,876 (-75.7%), from €3,800 to €924
- Gross operating margin -€1,516
down €1,516 (-10.5%), from €14,407 to €12,891
- Purchases and services +€1,383
up €1,383 (+43.7%), from €3,163 to €4,546
- Depreciation +€395
up €395 (+4.0%), from €9,808 to €10,203
- Other operating charges +€239
up €239 (+17.0%), from €1,402 to €1,641
- Financial charges -€179
down €179 (-4.5%), from €3,993 to €3,814
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,886 | €112,713 | -€2,173 | -1.9% |
| Formation expenses | 20 | €3,083 | €2,463 | -€620 | -20.1% |
| Fixed assets | 21/28 | €108,664 | €99,081 | -€9,583 | -8.8% |
| Tangible fixed assets | 22/27 | €108,664 | €99,081 | -€9,583 | -8.8% |
| Land and buildings | 22 | €105,394 | €96,244 | -€9,150 | -8.7% |
| Plant, machinery and equipment | 23 | €3,270 | - | -€3,270 | |
| Furniture and vehicles | 24 | - | €2,837 | +€2,837 | |
| Current assets | 29/58 | €3,140 | €11,169 | +€8,029 | +255.8% |
| Amounts receivable within one year | 40/41 | €1,408 | €10,150 | +€8,742 | +621.0% |
| Other amounts receivable | 41 | €1,408 | €10,150 | +€8,742 | +621.0% |
| Current investments | 50/53 | - | €232 | +€232 | |
| Cash at bank and in hand | 54/58 | €1,732 | - | -€1,732 | |
| Deferred charges and accrued income | 490/1 | - | €787 | +€787 | |
| Total equity and liabilities | 10/49 | €114,886 | €112,713 | -€2,173 | -1.9% |
| Equity | 10/15 | -€803 | -€5,439 | -€4,636 | -577.5% |
| Contributions | 10/11 | €20 | €20 | +€0 | +1.5% |
| Reserves | 13 | €73 | €73 | +€0 | +0.6% |
| Non-distributable reserves | 130/1 | €6 | €6 | +€0 | +1.5% |
| Reserves not available under the articles | 1311 | €6 | €6 | +€0 | +1.5% |
| Distributable reserves | 133 | €67 | €67 | +€0 | +0.6% |
| Profit (loss) carried forward | 14 | -€895 | -€5,532 | -€4,637 | -518.1% |
| Amounts payable | 17/49 | €115,689 | €118,152 | +€2,463 | +2.1% |
| Amounts payable after more than one year | 17 | €97,720 | €84,125 | -€13,595 | -13.9% |
| Financial debts | 170/4 | €97,720 | €84,125 | -€13,595 | -13.9% |
| Amounts payable within one year | 42/48 | €17,969 | €34,027 | +€16,059 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €13,198 | €13,596 | +€398 | +3.0% |
| Trade debts | 44 | €3,800 | €924 | -€2,876 | -75.7% |
| Suppliers | 440/4 | €3,800 | €924 | -€2,876 | -75.7% |
| Taxes, remuneration and social security | 45 | €270 | €453 | +€183 | +68.0% |
| Taxes | 450/3 | €270 | €453 | +€183 | +68.0% |
| Other amounts payable | 47/48 | €701 | €19,054 | +€18,353 | +2617.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,163 | €4,546 | +€1,383 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,808 | €10,203 | +€395 | +4.0% |
| Other operating charges | 640/8 | €1,402 | €1,641 | +€239 | +17.0% |
| Non-recurring operating charges | 66A | €348 | €1,870 | +€1,523 | +438.1% |
| Gross operating margin | 9900 | €14,407 | €12,891 | -€1,516 | -10.5% |
| Operating profit (loss) | 9901 | €2,850 | -€823 | -€3,673 | |
| Financial charges | 65/66B | €3,993 | €3,814 | -€179 | -4.5% |
| Recurring financial charges | 65 | €3,993 | €3,814 | -€179 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,143 | -€4,637 | -€3,494 | -305.7% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€1,143 | -€4,637 | -€3,494 | -305.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,143 | -€4,637 | -€3,494 | -305.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.