LWL ASSURANCES: 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.
What changed
LWL ASSURANCES
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m+€38,529
Equity
€288,349
2024 · €293,342-€4,993
Cash
€160,143
2024 · €144,902+€15,241
Balance sheet total
€2.1m
2024 · €1.4m+€663,576
Largest movements
Assets
- Receivables within one year +€794,795
up €794,795 (+627%), from €126,840 to €921,635
of which Other amounts receivable: +€753,885
- Financial fixed assets -€603,000
no longer reported in 2025 (was €603,000)
- Intangible fixed assets +€329,868
up €329,868 (+108%), from €304,075 to €633,943
- Tangible fixed assets +€107,249
up €107,249 (+65.4%), from €164,012 to €271,261
of which Furniture and vehicles: +€69,957
Equity and liabilities
- Other debts +€750,000
up €750,000 (+113%), from €662,041 to €1.4m
- Debts after one year -€123,856
down €123,856 (-77.2%), from €160,504 to €36,649
Income statement
- Gross operating margin +€344,824
up €344,824 (+19.8%), from €1.7m to €2.1m
- Financial income -€113,670
down €113,670 (-78.9%), from €144,086 to €30,416
of which Financial income: -€140,340
- Staff costs +€113,441
up €113,441 (+18.4%), from €617,628 to €731,070
- Depreciation +€68,339
up €68,339 (+53.7%), from €127,265 to €195,604
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
€1.1m
Gross operating margin
+€344,824
Staff costs
-€113,441
Depreciation
-€68,339
Other operating charges
-€119
Other operating items
-€500
Financial income
-€113,670
Financial charges
-€197
Taxes
-€10,030
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€29,721
Financing
-€1.3m
Cash 2024
€144,902
From operations (derived)
+€1.3m
Net result for the year
+€1.1m
Depreciation
+€195,604
Receivables within one year
-€794,795
Deferred charges and accrued income
-€19,422
Trade debts
+€867
Tax, wage and social debts
+€18,981
Other debts
+€750,000
Accrued charges and deferred income
+€13,574
Investment (derived)
-€29,721
Investment in fixed assets (net)
-€29,721
Financing
-€1.3m
Debts after one year
-€123,856
Current portion of long-term debt
+€9,003
Contributions, distributions and other
-€1.2m
Cash 2025
€160,143
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,391,910 | €2,055,486 | +€663,576 | +47.7% |
| Fixed assets | 21/28 | €1,071,087 | €905,205 | -€165,883 | -15.5% |
| Intangible fixed assets | 21 | €304,075 | €633,943 | +€329,868 | +108% |
| Tangible fixed assets | 22/27 | €164,012 | €271,261 | +€107,249 | +65.4% |
| Plant, machinery and equipment | 23 | €764 | - | -€764 | |
| Furniture and vehicles | 24 | €163,248 | €233,205 | +€69,957 | +42.9% |
| Leasing and similar rights | 25 | - | €26,064 | +€26,064 | |
| Other tangible fixed assets | 26 | - | €11,991 | +€11,991 | |
| Financial fixed assets | 28 | €603,000 | - | -€603,000 | |
| Current assets | 29/58 | €320,823 | €1,150,282 | +€829,459 | +259% |
| Amounts receivable within one year | 40/41 | €126,840 | €921,635 | +€794,795 | +627% |
| Trade receivables | 40 | €120,355 | €161,265 | +€40,911 | +34.0% |
| Other amounts receivable | 41 | €6,485 | €760,370 | +€753,885 | +11,625% |
| Cash at bank and in hand | 54/58 | €144,902 | €160,143 | +€15,241 | +10.5% |
| Deferred charges and accrued income | 490/1 | €49,081 | €68,503 | +€19,422 | +39.6% |
| Total equity and liabilities | 10/49 | €1,391,910 | €2,055,486 | +€663,576 | +47.7% |
| Equity | 10/15 | €293,342 | €288,349 | -€4,993 | -1.7% |
| Contributions | 10/11 | €41,534 | €41,534 | = | 0.0% |
| Reserves | 13 | €20,118 | €20,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,153 | €4,153 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,153 | €4,153 | = | 0.0% |
| Tax-exempt reserves | 132 | €765 | €765 | = | 0.0% |
| Distributable reserves | 133 | €15,200 | €15,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,690 | €226,697 | -€4,993 | -2.2% |
| Amounts payable | 17/49 | €1,098,568 | €1,767,137 | +€668,569 | +60.9% |
| Amounts payable after more than one year | 17 | €160,504 | €36,649 | -€123,856 | -77.2% |
| Financial debts | 170/4 | €160,504 | €36,649 | -€123,856 | -77.2% |
| Amounts payable within one year | 42/48 | €899,870 | €1,678,721 | +€778,851 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €140,823 | €149,826 | +€9,003 | +6.4% |
| Trade debts | 44 | €3,339 | €4,206 | +€867 | +26.0% |
| Suppliers | 440/4 | €2,905 | €4,202 | +€1,297 | +44.7% |
| Bills of exchange payable | 441 | €434 | €4 | -€430 | -99.1% |
| Taxes, remuneration and social security | 45 | €93,666 | €112,647 | +€18,981 | +20.3% |
| Taxes | 450/3 | €16,574 | €35,245 | +€18,671 | +113% |
| Remuneration and social security | 454/9 | €77,092 | €77,402 | +€311 | +0.4% |
| Other amounts payable | 47/48 | €662,041 | €1,412,041 | +€750,000 | +113% |
| Accrued charges and deferred income | 492/3 | €38,194 | €51,768 | +€13,574 | +35.5% |
| Non-recurring operating income | 76A | €55 | - | -€55 | |
| Remuneration, social security and pensions | 62 | €617,628 | €731,070 | +€113,441 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,265 | €195,604 | +€68,339 | +53.7% |
| Other operating charges | 640/8 | €6,090 | €6,209 | +€119 | +2.0% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €1,739,115 | €2,083,940 | +€344,824 | +19.8% |
| Operating profit (loss) | 9901 | €988,131 | €1,150,557 | +€162,425 | +16.4% |
| Financial income | 75/76B | €144,086 | €30,416 | -€113,670 | -78.9% |
| Recurring financial income | 75 | €144,086 | €3,746 | -€140,340 | -97.4% |
| Non-recurring financial income | 76B | - | €26,670 | +€26,670 | |
| Financial charges | 65/66B | €10,808 | €11,005 | +€197 | +1.8% |
| Recurring financial charges | 65 | €10,808 | €7,797 | -€3,011 | -27.9% |
| Non-recurring financial charges | 66B | - | €3,208 | +€3,208 | |
| Profit (loss) for the period before taxes | 9903 | €1,121,409 | €1,169,968 | +€48,559 | +4.3% |
| Income taxes | 67/77 | €14,931 | €24,961 | +€10,030 | +67.2% |
| Profit (loss) for the period | 9904 | €1,106,478 | €1,145,007 | +€38,529 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,106,478 | €1,145,007 | +€38,529 | +3.5% |
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 27 October 2026 via checked.be.