LW & Kinderen: 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 & Kinderen
Largest movements
- Tangible fixed assets +€688,981
up €688,981 (+1,908%), from €36,114 to €725,095
of which Land and buildings: +€701,080
- Receivables within one year -€146,252
down €146,252 (-95.2%), from €153,633 to €7,381
of which Trade receivables: -€146,065
- Debts after one year +€491,781
up €491,781 (+1,340%), from €36,711 to €528,492
- Other debts +€176,354
up €176,354 (+343%), from €51,459 to €227,813
- Accrued charges and deferred income -€155,798
no longer reported in 2025 (was €155,798)
- Current portion of long-term debt +€19,343
up €19,343 (+99.3%), from €19,481 to €38,824
- Trade debts +€15,770
up €15,770 (+39.3%), from €40,144 to €55,914
- Gross operating margin +€76,798
up €76,798 (+92.7%), from €82,864 to €159,662
- Staff costs +€29,953
up €29,953 (+34.8%), from €85,961 to €115,913
- Financial charges +€12,971
up €12,971 (+260%), from €4,988 to €17,960
- Depreciation +€4,582
up €4,582 (+42.4%), from €10,810 to €15,392
- Other operating charges +€1,724
up €1,724 (+39.5%), from €4,360 to €6,084
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 | €336,856 | €885,492 | +€548,636 | +163% |
| Fixed assets | 21/28 | €37,814 | €726,294 | +€688,481 | +1,821% |
| Intangible fixed assets | 21 | €1,699 | €1,199 | -€500 | -29.4% |
| Tangible fixed assets | 22/27 | €36,114 | €725,095 | +€688,981 | +1,908% |
| Land and buildings | 22 | - | €701,080 | +€701,080 | |
| Plant, machinery and equipment | 23 | €2,011 | €1,521 | -€490 | -24.4% |
| Furniture and vehicles | 24 | €32,339 | €22,494 | -€9,845 | -30.4% |
| Other tangible fixed assets | 26 | €1,764 | - | -€1,764 | |
| Current assets | 29/58 | €299,042 | €159,197 | -€139,845 | -46.8% |
| Stocks and contracts in progress | 3 | €94,147 | €97,096 | +€2,949 | +3.1% |
| Stocks | 30/36 | €94,147 | €97,096 | +€2,949 | +3.1% |
| Amounts receivable within one year | 40/41 | €153,633 | €7,381 | -€146,252 | -95.2% |
| Trade receivables | 40 | €152,597 | €6,532 | -€146,065 | -95.7% |
| Other amounts receivable | 41 | €1,036 | €849 | -€187 | -18.0% |
| Cash at bank and in hand | 54/58 | €50,086 | €54,721 | +€4,635 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,177 | - | -€1,177 | |
| Total equity and liabilities | 10/49 | €336,856 | €885,492 | +€548,636 | +163% |
| Equity | 10/15 | €10,375 | €14,687 | +€4,313 | +41.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,375 | €9,687 | +€4,313 | +80.2% |
| Distributable reserves | 133 | €5,375 | €9,687 | +€4,313 | +80.2% |
| Amounts payable | 17/49 | €326,481 | €870,804 | +€544,323 | +167% |
| Amounts payable after more than one year | 17 | €36,711 | €528,492 | +€491,781 | +1,340% |
| Financial debts | 170/4 | €36,711 | €528,492 | +€491,781 | +1,340% |
| Amounts payable within one year | 42/48 | €133,973 | €342,313 | +€208,340 | +156% |
| Current portion of amounts payable after more than one year | 42 | €19,481 | €38,824 | +€19,343 | +99.3% |
| Financial debts | 43 | €22 | €8,758 | +€8,736 | +39,963% |
| Credit institutions | 430/8 | €22 | €8,758 | +€8,736 | +39,963% |
| Trade debts | 44 | €40,144 | €55,914 | +€15,770 | +39.3% |
| Suppliers | 440/4 | €40,144 | €55,914 | +€15,770 | +39.3% |
| Taxes, remuneration and social security | 45 | €22,866 | €11,003 | -€11,863 | -51.9% |
| Taxes | 450/3 | €8,149 | - | -€8,149 | |
| Remuneration and social security | 454/9 | €14,717 | €11,003 | -€3,714 | -25.2% |
| Other amounts payable | 47/48 | €51,459 | €227,813 | +€176,354 | +343% |
| Accrued charges and deferred income | 492/3 | €155,798 | - | -€155,798 | |
| Remuneration, social security and pensions | 62 | €85,961 | €115,913 | +€29,953 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,810 | €15,392 | +€4,582 | +42.4% |
| Other operating charges | 640/8 | €4,360 | €6,084 | +€1,724 | +39.5% |
| Gross operating margin | 9900 | €82,864 | €159,662 | +€76,798 | +92.7% |
| Operating profit (loss) | 9901 | -€18,267 | €22,272 | +€40,539 | |
| Financial income | 75/76B | €128 | - | -€128 | |
| Recurring financial income | 75 | €128 | - | -€128 | |
| Financial charges | 65/66B | €4,988 | €17,960 | +€12,971 | +260% |
| Recurring financial charges | 65 | €4,988 | €17,960 | +€12,971 | +260% |
| Profit (loss) for the period before taxes | 9903 | -€23,127 | €4,313 | +€27,440 | |
| Income taxes | 67/77 | €278 | - | -€278 | |
| Profit (loss) for the period | 9904 | -€23,405 | €4,313 | +€27,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,405 | €4,313 | +€27,718 |
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.