LWS: 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.
LWS
Largest movements
- Receivables within one year +€75,501
up €75,501 (+34.3%), from €220,123 to €295,625
of which Trade receivables: +€50,039
- Cash -€4,891
down €4,891 (-99.2%), from €4,932 to €41
mainly Receivables within one year (-€75,501)
- Reserves +€41,129
up €41,129 (+50.4%), from €81,665 to €122,794
of which Distributable reserves: +€41,129
- Tax, wage and social debts +€17,270
up €17,270 (+29.1%), from €59,300 to €76,570
- Trade debts +€6,502
up €6,502 (+26.1%), from €24,939 to €31,441
- Other debts +€5,100
up €5,100 (+50.1%), from €10,184 to €15,284
- Taxes -€36,707
down €36,707 (-74.6%), from €49,187 to €12,480
- Financial charges +€29,988
up €29,988 (+412%), from €7,287 to €37,275
- Gross operating margin -€9,561
down €9,561 (-9.4%), from €101,679 to €92,118
- Financial income -€3,664
down €3,664 (-100.0%), from €3,664 to €1
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,664 | €295,665 | +€70,001 | +31.0% |
| Current assets | 29/58 | €225,664 | €295,665 | +€70,001 | +31.0% |
| Amounts receivable within one year | 40/41 | €220,123 | €295,625 | +€75,501 | +34.3% |
| Trade receivables | 40 | €124,808 | €174,847 | +€50,039 | +40.1% |
| Other amounts receivable | 41 | €95,316 | €120,778 | +€25,462 | +26.7% |
| Cash at bank and in hand | 54/58 | €4,932 | €41 | -€4,891 | -99.2% |
| Deferred charges and accrued income | 490/1 | €609 | - | -€609 | |
| Total equity and liabilities | 10/49 | €225,664 | €295,665 | +€70,001 | +31.0% |
| Equity | 10/15 | €131,241 | €172,370 | +€41,129 | +31.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,665 | €122,794 | +€41,129 | +50.4% |
| Non-distributable reserves | 130/1 | €968 | €968 | = | 0.0% |
| Reserves not available under the articles | 1311 | €968 | €968 | = | 0.0% |
| Distributable reserves | 133 | €80,697 | €121,826 | +€41,129 | +51.0% |
| Profit (loss) carried forward | 14 | €37,176 | €37,176 | = | 0.0% |
| Amounts payable | 17/49 | €94,423 | €123,295 | +€28,873 | +30.6% |
| Amounts payable within one year | 42/48 | €94,423 | €123,295 | +€28,873 | +30.6% |
| Trade debts | 44 | €24,939 | €31,441 | +€6,502 | +26.1% |
| Suppliers | 440/4 | €24,939 | €31,441 | +€6,502 | +26.1% |
| Taxes, remuneration and social security | 45 | €59,300 | €76,570 | +€17,270 | +29.1% |
| Taxes | 450/3 | €59,300 | €76,570 | +€17,270 | +29.1% |
| Other amounts payable | 47/48 | €10,184 | €15,284 | +€5,100 | +50.1% |
| Other operating charges | 640/8 | €2,118 | €1,235 | -€883 | -41.7% |
| Gross operating margin | 9900 | €101,679 | €92,118 | -€9,561 | -9.4% |
| Operating profit (loss) | 9901 | €99,561 | €90,883 | -€8,678 | -8.7% |
| Financial income | 75/76B | €3,664 | €1 | -€3,664 | -100.0% |
| Recurring financial income | 75 | €3,664 | €1 | -€3,664 | -100.0% |
| Financial charges | 65/66B | €7,287 | €37,275 | +€29,988 | +412% |
| Recurring financial charges | 65 | €7,287 | €37,275 | +€29,988 | +412% |
| Profit (loss) for the period before taxes | 9903 | €95,938 | €53,609 | -€42,329 | -44.1% |
| Income taxes | 67/77 | €49,187 | €12,480 | -€36,707 | -74.6% |
| Profit (loss) for the period | 9904 | €46,751 | €41,129 | -€5,622 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,751 | €41,129 | -€5,622 | -12.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.