LW-Projects: 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-Projects
Largest movements
- Tangible fixed assets +€36,387
up €36,387 (+261.4%), from €13,918 to €50,305
of which Plant, machinery and equipment: +€39,495
- Stocks and contracts +€14,851
new in 2024: €14,851
- Cash -€9,201
down €9,201 (-53.4%), from €17,233 to €8,032
mainly Investment in fixed assets (net) (-€48,297) and Stocks and contracts (-€14,851)
- Receivables within one year -€7,308
down €7,308 (-27.2%), from €26,888 to €19,580
of which Trade receivables: -€16,512
- Deferred charges and accrued income -€5,338
down €5,338 (-49.5%), from €10,780 to €5,442
- Debts after one year +€27,160
new in 2024: €27,160
- Current portion of long-term debt +€4,379
new in 2024: €4,379
- Other debts -€3,690
down €3,690 (-33.4%), from €11,049 to €7,359
- Trade debts -€3,654
down €3,654 (-99.5%), from €3,673 to €18
- Short-term financial debts +€3,411
new in 2024: €3,411
- Gross operating margin -€41,686
down €41,686 (-70.5%), from €59,152 to €17,466
- Taxes -€9,696
down €9,696 (-92.2%), from €10,511 to €815
- Depreciation +€5,577
up €5,577 (+88.1%), from €6,332 to €11,910
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 | €68,819 | €98,209 | +€29,390 | +42.7% |
| Fixed assets | 21/28 | €13,918 | €50,305 | +€36,387 | +261.4% |
| Tangible fixed assets | 22/27 | €13,918 | €50,305 | +€36,387 | +261.4% |
| Plant, machinery and equipment | 23 | €4,250 | €43,745 | +€39,495 | +929.3% |
| Furniture and vehicles | 24 | €9,668 | €6,561 | -€3,108 | -32.1% |
| Current assets | 29/58 | €54,901 | €47,904 | -€6,997 | -12.7% |
| Stocks and contracts in progress | 3 | - | €14,851 | +€14,851 | |
| Contracts in progress | 37 | - | €14,851 | +€14,851 | |
| Amounts receivable within one year | 40/41 | €26,888 | €19,580 | -€7,308 | -27.2% |
| Trade receivables | 40 | €23,414 | €6,901 | -€16,512 | -70.5% |
| Other amounts receivable | 41 | €3,474 | €12,678 | +€9,204 | +264.9% |
| Cash at bank and in hand | 54/58 | €17,233 | €8,032 | -€9,201 | -53.4% |
| Deferred charges and accrued income | 490/1 | €10,780 | €5,442 | -€5,338 | -49.5% |
| Total equity and liabilities | 10/49 | €68,819 | €98,209 | +€29,390 | +42.7% |
| Equity | 10/15 | €42,950 | €45,371 | +€2,421 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,950 | €42,371 | +€2,421 | +6.1% |
| Distributable reserves | 133 | €39,950 | €42,371 | +€2,421 | +6.1% |
| Amounts payable | 17/49 | €25,869 | €52,838 | +€26,969 | +104.3% |
| Amounts payable after more than one year | 17 | - | €27,160 | +€27,160 | |
| Financial debts | 170/4 | - | €27,160 | +€27,160 | |
| Amounts payable within one year | 42/48 | €25,869 | €25,677 | -€192 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,379 | +€4,379 | |
| Financial debts | 43 | - | €3,411 | +€3,411 | |
| Credit institutions | 430/8 | - | €3,411 | +€3,411 | |
| Trade debts | 44 | €3,673 | €18 | -€3,654 | -99.5% |
| Suppliers | 440/4 | €3,673 | €18 | -€3,654 | -99.5% |
| Taxes, remuneration and social security | 45 | €11,147 | €10,511 | -€637 | -5.7% |
| Taxes | 450/3 | €11,147 | €10,511 | -€637 | -5.7% |
| Other amounts payable | 47/48 | €11,049 | €7,359 | -€3,690 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,332 | €11,910 | +€5,577 | +88.1% |
| Other operating charges | 640/8 | €864 | €289 | -€575 | -66.5% |
| Gross operating margin | 9900 | €59,152 | €17,466 | -€41,686 | -70.5% |
| Operating profit (loss) | 9901 | €51,956 | €5,267 | -€46,688 | -89.9% |
| Financial charges | 65/66B | €1,495 | €2,031 | +€536 | +35.9% |
| Recurring financial charges | 65 | €1,495 | €2,031 | +€536 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €50,461 | €3,236 | -€47,224 | -93.6% |
| Income taxes | 67/77 | €10,511 | €815 | -€9,696 | -92.2% |
| Profit (loss) for the period | 9904 | €39,950 | €2,421 | -€37,529 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,950 | €2,421 | -€37,529 | -93.9% |
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 8 October 2026 via checked.be.