LWC: 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.
What changed
LWC
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€67,301
2024 · -€119,362+€186,663
Equity
€223,209
2024 · €155,908+€67,301
Cash
€212,660
2024 · €212,418+€242
Balance sheet total
€1.0m
2024 · €1.1m-€62,861
Largest movements
Assets
- Tangible fixed assets -€79,495
down €79,495 (-14.8%), from €538,623 to €459,128
of which Other tangible fixed assets: -€43,628
- Intangible fixed assets +€22,896
up €22,896 (+152.6%), from €15,000 to €37,896
Equity and liabilities
- Debts after one year -€82,711
down €82,711 (-14.2%), from €583,868 to €501,157
- Profit (loss) carried forward +€73,796
up €73,796 (+33.0%), from -€223,493 to -€149,697
- Tax, wage and social debts +€18,375
up €18,375 (+63.0%), from €29,146 to €47,521
of which Remuneration and social security: +€11,347
- Accrued charges and deferred income -€17,487
down €17,487 (-16.0%), from €109,154 to €91,667
- Short-term financial debts -€15,491
down €15,491 (-92.5%), from €16,745 to €1,254
Income statement
- Gross operating margin +€150,964
up €150,964 (+75.5%), from €199,949 to €350,912
- Financial income +€19,700
up €19,700 (+2904.9%), from €678 to €20,379
- Staff costs -€18,526
down €18,526 (-9.1%), from €204,220 to €185,694
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.
Result 2024
-€119,362
Gross operating margin
+€150,964
Staff costs
+€18,526
Depreciation
+€3,256
Other operating charges
-€1,549
Financial income
+€19,700
Financial charges
-€3,212
Taxes
-€1,022
Result 2025
€67,301
Cash bridge derived
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.
From operations
+€127,835
Investment
-€28,249
Financing
-€99,344
Cash 2024
€212,418
From operations (derived)
+€127,835
Net result for the year
+€67,301
Depreciation
+€81,270
Receivables within one year
+€10,430
Deferred charges and accrued income
-€347
Provisions
-€2,165
Trade debts
-€15,220
Tax, wage and social debts
+€18,375
Advances received
-€14,323
Accrued charges and deferred income
-€17,487
Investment (derived)
-€28,249
Investment in fixed assets (net)
-€24,671
Current investments
-€3,578
Financing
-€99,344
Debts after one year
-€82,711
Current portion of long-term debt
-€1,141
Short-term financial debts
-€15,491
Cash 2025
€212,660
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,068,986 | €1,006,125 | -€62,861 | -5.9% |
| Fixed assets | 21/28 | €553,961 | €497,361 | -€56,599 | -10.2% |
| Intangible fixed assets | 21 | €15,000 | €37,896 | +€22,896 | +152.6% |
| Tangible fixed assets | 22/27 | €538,623 | €459,128 | -€79,495 | -14.8% |
| Land and buildings | 22 | €94,494 | €84,384 | -€10,110 | -10.7% |
| Plant, machinery and equipment | 23 | €3,474 | €2,722 | -€752 | -21.6% |
| Furniture and vehicles | 24 | €60,264 | €35,257 | -€25,006 | -41.5% |
| Other tangible fixed assets | 26 | €380,391 | €336,764 | -€43,628 | -11.5% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €515,026 | €508,764 | -€6,262 | -1.2% |
| Amounts receivable within one year | 40/41 | €45,853 | €35,423 | -€10,430 | -22.7% |
| Trade receivables | 40 | €19,630 | €12,022 | -€7,607 | -38.8% |
| Other amounts receivable | 41 | €26,224 | €23,401 | -€2,822 | -10.8% |
| Current investments | 50/53 | €250,000 | €253,578 | +€3,578 | +1.4% |
| Cash at bank and in hand | 54/58 | €212,418 | €212,660 | +€242 | +0.1% |
| Deferred charges and accrued income | 490/1 | €6,755 | €7,102 | +€347 | +5.1% |
| Total equity and liabilities | 10/49 | €1,068,986 | €1,006,125 | -€62,861 | -5.9% |
| Equity | 10/15 | €155,908 | €223,209 | +€67,301 | +43.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €314,401 | €307,906 | -€6,495 | -2.1% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,543 | €52,048 | -€6,495 | -11.1% |
| Distributable reserves | 133 | €249,358 | €249,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,493 | -€149,697 | +€73,796 | +33.0% |
| Provisions and deferred taxes | 16 | €19,484 | €17,319 | -€2,165 | -11.1% |
| Deferred taxes | 168 | €19,484 | €17,319 | -€2,165 | -11.1% |
| Amounts payable | 17/49 | €893,594 | €765,597 | -€127,998 | -14.3% |
| Amounts payable after more than one year | 17 | €583,868 | €501,157 | -€82,711 | -14.2% |
| Financial debts | 170/4 | €583,868 | €501,157 | -€82,711 | -14.2% |
| Amounts payable within one year | 42/48 | €200,572 | €172,773 | -€27,800 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €88,155 | €87,014 | -€1,141 | -1.3% |
| Financial debts | 43 | €16,745 | €1,254 | -€15,491 | -92.5% |
| Credit institutions | 430/8 | €16,745 | €1,254 | -€15,491 | -92.5% |
| Trade debts | 44 | €33,354 | €18,135 | -€15,220 | -45.6% |
| Suppliers | 440/4 | €33,354 | €18,135 | -€15,220 | -45.6% |
| Advances received on contracts in progress | 46 | €33,172 | €18,849 | -€14,323 | -43.2% |
| Taxes, remuneration and social security | 45 | €29,146 | €47,521 | +€18,375 | +63.0% |
| Taxes | 450/3 | €2,507 | €9,535 | +€7,029 | +280.4% |
| Remuneration and social security | 454/9 | €26,639 | €37,986 | +€11,347 | +42.6% |
| Accrued charges and deferred income | 492/3 | €109,154 | €91,667 | -€17,487 | -16.0% |
| Remuneration, social security and pensions | 62 | €204,220 | €185,694 | -€18,526 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,526 | €81,270 | -€3,256 | -3.9% |
| Other operating charges | 640/8 | €10,812 | €12,361 | +€1,549 | +14.3% |
| Gross operating margin | 9900 | €199,949 | €350,912 | +€150,964 | +75.5% |
| Operating profit (loss) | 9901 | -€99,610 | €71,588 | +€171,197 | |
| Financial income | 75/76B | €678 | €20,379 | +€19,700 | +2904.9% |
| Recurring financial income | 75 | €678 | €20,379 | +€19,700 | +2904.9% |
| Financial charges | 65/66B | €21,487 | €24,699 | +€3,212 | +14.9% |
| Recurring financial charges | 65 | €21,487 | €24,699 | +€3,212 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€120,418 | €67,268 | +€187,686 | |
| Transfer from deferred taxes | 780 | €2,165 | €2,165 | = | 0.0% |
| Income taxes | 67/77 | €1,109 | €2,131 | +€1,022 | +92.2% |
| Profit (loss) for the period | 9904 | -€119,362 | €67,301 | +€186,663 | |
| Transfer from tax-exempt reserves | 789 | €6,495 | €6,495 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,867 | €73,796 | +€186,663 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.