LwFisc: 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.
LwFisc
Largest movements
- Receivables within one year -€10,905
down €10,905 (-66.4%), from €16,415 to €5,511
of which Trade receivables: -€7,854
- Tangible fixed assets -€7,724
down €7,724 (-14.9%), from €51,765 to €44,042
of which Other tangible fixed assets: -€8,309
- Cash -€3,816
down €3,816 (-13.2%), from €29,006 to €25,190
mainly Contributions, distributions and other (-€30,713) and Investment in fixed assets (net) (-€3,323)
- Reserves -€20,713
down €20,713 (-27.8%), from €74,615 to €53,902
- Tax, wage and social debts -€2,361
down €2,361 (-24.9%), from €9,470 to €7,109
- Gross operating margin -€9,993
down €9,993 (-26.6%), from €37,582 to €27,588
- Taxes -€3,632
down €3,632 (-39.6%), from €9,175 to €5,543
- Depreciation +€860
up €860 (+8.4%), from €10,187 to €11,047
- Financial income -€441
down €441 (-71.7%), from €616 to €174
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,654 | €75,163 | -€22,492 | -23.0% |
| Fixed assets | 21/28 | €51,765 | €44,042 | -€7,724 | -14.9% |
| Tangible fixed assets | 22/27 | €51,765 | €44,042 | -€7,724 | -14.9% |
| Plant, machinery and equipment | 23 | €2,224 | €1,994 | -€230 | -10.3% |
| Furniture and vehicles | 24 | €267 | €1,082 | +€815 | +305.3% |
| Other tangible fixed assets | 26 | €49,275 | €40,966 | -€8,309 | -16.9% |
| Current assets | 29/58 | €45,889 | €31,121 | -€14,768 | -32.2% |
| Amounts receivable within one year | 40/41 | €16,415 | €5,511 | -€10,905 | -66.4% |
| Trade receivables | 40 | €13,364 | €5,511 | -€7,854 | -58.8% |
| Other amounts receivable | 41 | €3,051 | - | -€3,051 | |
| Cash at bank and in hand | 54/58 | €29,006 | €25,190 | -€3,816 | -13.2% |
| Deferred charges and accrued income | 490/1 | €468 | €420 | -€47 | -10.1% |
| Total equity and liabilities | 10/49 | €97,654 | €75,163 | -€22,492 | -23.0% |
| Equity | 10/15 | €87,048 | €66,483 | -€20,565 | -23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,615 | €53,902 | -€20,713 | -27.8% |
| Distributable reserves | 133 | €74,615 | €53,902 | -€20,713 | -27.8% |
| Profit (loss) carried forward | 14 | €33 | €181 | +€148 | +443.1% |
| Amounts payable | 17/49 | €10,606 | €8,679 | -€1,927 | -18.2% |
| Amounts payable within one year | 42/48 | €10,606 | €8,679 | -€1,927 | -18.2% |
| Trade debts | 44 | €277 | €646 | +€370 | +133.6% |
| Suppliers | 440/4 | €277 | €646 | +€370 | +133.6% |
| Taxes, remuneration and social security | 45 | €9,470 | €7,109 | -€2,361 | -24.9% |
| Taxes | 450/3 | €9,470 | €7,109 | -€2,361 | -24.9% |
| Other amounts payable | 47/48 | €859 | €924 | +€65 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,187 | €11,047 | +€860 | +8.4% |
| Other operating charges | 640/8 | €737 | €732 | -€4 | -0.6% |
| Gross operating margin | 9900 | €37,582 | €27,588 | -€9,993 | -26.6% |
| Operating profit (loss) | 9901 | €26,658 | €15,809 | -€10,849 | -40.7% |
| Financial income | 75/76B | €616 | €174 | -€441 | -71.7% |
| Recurring financial income | 75 | €616 | €174 | -€441 | -71.7% |
| Financial charges | 65/66B | €295 | €293 | -€2 | -0.6% |
| Recurring financial charges | 65 | €295 | €293 | -€2 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €26,979 | €15,691 | -€11,288 | -41.8% |
| Income taxes | 67/77 | €9,175 | €5,543 | -€3,632 | -39.6% |
| Profit (loss) for the period | 9904 | €17,804 | €10,148 | -€7,656 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,804 | €10,148 | -€7,656 | -43.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.