LWM LOGISTICS: what changed
LWM LOGISTICS
Largest movements
- Cash -€67,096
down €67,096 (-25.1%), from €267,695 to €200,599
mainly Receivables within one year (-€61,611) and Other debts (-€37,385)
- Receivables within one year +€61,611
up €61,611 (+447%), from €13,792 to €75,403
of which Trade receivables: +€55,844
- Tangible fixed assets -€8,742
down €8,742 (-36.7%), from €23,852 to €15,110
- Profit (loss) carried forward +€53,933
up €53,933 (+25.1%), from €214,797 to €268,730
- Other debts -€37,385
no longer reported in 2025 (was €37,385)
- Accrued charges and deferred income -€24,177
no longer reported in 2025 (was €24,177)
- Trade debts -€5,282
down €5,282 (-40.6%), from €13,022 to €7,741
- Tax, wage and social debts -€4,615
no longer reported in 2025 (was €4,615)
- Staff costs +€67,255
new in 2025: €67,255
- Gross operating margin +€47,444
up €47,444 (+43.4%), from €109,222 to €156,667
- Depreciation -€4,297
down €4,297 (-30.7%), from €13,988 to €9,691
- Taxes +€3,233
up €3,233 (+21.0%), from €15,366 to €18,599
- Other operating charges -€2,483
down €2,483 (-34.9%), from €7,123 to €4,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,689 | €293,462 | -€14,227 | -4.6% |
| Fixed assets | 21/28 | €26,202 | €17,460 | -€8,742 | -33.4% |
| Tangible fixed assets | 22/27 | €23,852 | €15,110 | -€8,742 | -36.7% |
| Furniture and vehicles | 24 | €23,852 | €15,110 | -€8,742 | -36.7% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €281,487 | €276,002 | -€5,485 | -1.9% |
| Amounts receivable within one year | 40/41 | €13,792 | €75,403 | +€61,611 | +447% |
| Trade receivables | 40 | - | €55,844 | +€55,844 | |
| Other amounts receivable | 41 | €13,792 | €19,559 | +€5,767 | +41.8% |
| Cash at bank and in hand | 54/58 | €267,695 | €200,599 | -€67,096 | -25.1% |
| Total equity and liabilities | 10/49 | €307,689 | €293,462 | -€14,227 | -4.6% |
| Equity | 10/15 | €214,797 | €268,730 | +€53,933 | +25.1% |
| Profit (loss) carried forward | 14 | €214,797 | €268,730 | +€53,933 | +25.1% |
| Amounts payable | 17/49 | €92,892 | €24,732 | -€68,160 | -73.4% |
| Amounts payable within one year | 42/48 | €68,715 | €24,732 | -€43,983 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €13,693 | €16,991 | +€3,299 | +24.1% |
| Trade debts | 44 | €13,022 | €7,741 | -€5,282 | -40.6% |
| Suppliers | 440/4 | €13,022 | €7,741 | -€5,282 | -40.6% |
| Taxes, remuneration and social security | 45 | €4,615 | - | -€4,615 | |
| Taxes | 450/3 | €4,615 | - | -€4,615 | |
| Other amounts payable | 47/48 | €37,385 | - | -€37,385 | |
| Accrued charges and deferred income | 492/3 | €24,177 | - | -€24,177 | |
| Remuneration, social security and pensions | 62 | - | €67,255 | +€67,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,988 | €9,691 | -€4,297 | -30.7% |
| Other operating charges | 640/8 | €7,123 | €4,640 | -€2,483 | -34.9% |
| Gross operating margin | 9900 | €109,222 | €156,667 | +€47,444 | +43.4% |
| Operating profit (loss) | 9901 | €88,111 | €75,080 | -€13,031 | -14.8% |
| Financial charges | 65/66B | €358 | €2,548 | +€2,190 | +613% |
| Recurring financial charges | 65 | €358 | €2,548 | +€2,190 | +613% |
| Profit (loss) for the period before taxes | 9903 | €87,754 | €72,532 | -€15,222 | -17.3% |
| Income taxes | 67/77 | €15,366 | €18,599 | +€3,233 | +21.0% |
| Profit (loss) for the period | 9904 | €72,388 | €53,933 | -€18,454 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,388 | €53,933 | -€18,454 | -25.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.