LWOODS: 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.
LWOODS
Largest movements
- Receivables within one year -€18,825
down €18,825 (-74.4%), from €25,314 to €6,489
of which Trade receivables: -€17,334
- Tangible fixed assets -€6,421
down €6,421 (-30.6%), from €20,972 to €14,551
of which Furniture and vehicles: -€6,058
- Cash +€1,742
up €1,742 (+44.7%), from €3,901 to €5,643
mainly Receivables within one year (+€18,825) and Depreciation (+€6,421)
- Deferred charges and accrued income -€655
down €655 (-54.1%), from €1,210 to €555
- Reserves -€17,383
down €17,383 (-51.3%), from €33,862 to €16,479
- Debts after one year -€5,026
no longer reported in 2025 (was €5,026)
- Tax, wage and social debts -€2,109
down €2,109 (-50.9%), from €4,147 to €2,037
of which Remuneration and social security: -€2,109
- Trade debts +€648
up €648 (+1385.3%), from €47 to €695
- Gross operating margin -€25,193
down €25,193, from €14,961 to -€10,232
- Taxes -€2,037
no longer reported in 2025 (was €2,037)
- Financial charges -€422
down €422 (-40.6%), from €1,040 to €618
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 | €51,396 | €27,238 | -€24,159 | -47.0% |
| Fixed assets | 21/28 | €20,972 | €14,551 | -€6,421 | -30.6% |
| Tangible fixed assets | 22/27 | €20,972 | €14,551 | -€6,421 | -30.6% |
| Plant, machinery and equipment | 23 | €1,066 | €703 | -€363 | -34.1% |
| Furniture and vehicles | 24 | €19,906 | €13,848 | -€6,058 | -30.4% |
| Current assets | 29/58 | €30,425 | €12,687 | -€17,738 | -58.3% |
| Amounts receivable within one year | 40/41 | €25,314 | €6,489 | -€18,825 | -74.4% |
| Trade receivables | 40 | €17,830 | €496 | -€17,334 | -97.2% |
| Other amounts receivable | 41 | €7,484 | €5,993 | -€1,491 | -19.9% |
| Cash at bank and in hand | 54/58 | €3,901 | €5,643 | +€1,742 | +44.7% |
| Deferred charges and accrued income | 490/1 | €1,210 | €555 | -€655 | -54.1% |
| Total equity and liabilities | 10/49 | €51,396 | €27,238 | -€24,159 | -47.0% |
| Equity | 10/15 | €36,862 | €19,479 | -€17,383 | -47.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,862 | €16,479 | -€17,383 | -51.3% |
| Distributable reserves | 133 | €33,862 | €16,479 | -€17,383 | -51.3% |
| Amounts payable | 17/49 | €14,534 | €7,758 | -€6,776 | -46.6% |
| Amounts payable after more than one year | 17 | €5,026 | - | -€5,026 | |
| Financial debts | 170/4 | €5,026 | - | -€5,026 | |
| Amounts payable within one year | 42/48 | €9,363 | €7,758 | -€1,605 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,170 | €5,026 | -€144 | -2.8% |
| Trade debts | 44 | €47 | €695 | +€648 | +1385.3% |
| Suppliers | 440/4 | €47 | €695 | +€648 | +1385.3% |
| Taxes, remuneration and social security | 45 | €4,147 | €2,037 | -€2,109 | -50.9% |
| Taxes | 450/3 | €2,037 | €2,037 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,109 | - | -€2,109 | |
| Accrued charges and deferred income | 492/3 | €145 | - | -€145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,421 | €6,421 | = | 0.0% |
| Other operating charges | 640/8 | €612 | €501 | -€112 | -18.2% |
| Gross operating margin | 9900 | €14,961 | -€10,232 | -€25,193 | |
| Operating profit (loss) | 9901 | €7,928 | -€17,153 | -€25,082 | |
| Financial income | 75/76B | €403 | €388 | -€15 | -3.7% |
| Recurring financial income | 75 | €403 | €388 | -€15 | -3.7% |
| Financial charges | 65/66B | €1,040 | €618 | -€422 | -40.6% |
| Recurring financial charges | 65 | €1,040 | €618 | -€422 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €7,292 | -€17,383 | -€24,675 | |
| Income taxes | 67/77 | €2,037 | - | -€2,037 | |
| Profit (loss) for the period | 9904 | €5,254 | -€17,383 | -€22,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,254 | -€17,383 | -€22,637 |
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 6 October 2026 via checked.be.