LWS Projects: 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.
LWS Projects
Largest movements
- Stocks and contracts -€68,875
down €68,875 (-18.1%), from €381,478 to €312,603
- Cash +€54,219
up €54,219 (+167.3%), from €32,405 to €86,624
mainly Stocks and contracts (+€68,875) and Receivables within one year (+€18,856)
- Receivables within one year -€18,856
no longer reported in 2025 (was €18,856)
- Profit (loss) carried forward -€17,279
down €17,279, from €3,182 to -€14,097
- Trade debts -€10,565
down €10,565 (-67.8%), from €15,588 to €5,022
- Short-term financial debts -€10,114
no longer reported in 2025 (was €10,114)
- Other debts +€6,636
up €6,636 (+115.3%), from €5,756 to €12,392
- Gross operating margin -€13,544
down €13,544, from €7,126 to -€6,418
- Financial charges +€7,803
up €7,803 (+465.5%), from €1,676 to €9,479
- Taxes -€1,144
no longer reported in 2025 (was €1,144)
- Depreciation +€214
up €214 (+1106.6%), from €19 to €234
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 | €433,881 | €402,471 | -€31,410 | -7.2% |
| Fixed assets | 21/28 | €1,142 | €3,244 | +€2,102 | +184.0% |
| Intangible fixed assets | 21 | €1,142 | €3,244 | +€2,102 | +184.0% |
| Current assets | 29/58 | €432,739 | €399,227 | -€33,511 | -7.7% |
| Stocks and contracts in progress | 3 | €381,478 | €312,603 | -€68,875 | -18.1% |
| Stocks | 30/36 | €381,478 | €312,603 | -€68,875 | -18.1% |
| Amounts receivable within one year | 40/41 | €18,856 | - | -€18,856 | |
| Other amounts receivable | 41 | €18,856 | - | -€18,856 | |
| Cash at bank and in hand | 54/58 | €32,405 | €86,624 | +€54,219 | +167.3% |
| Total equity and liabilities | 10/49 | €433,881 | €402,471 | -€31,410 | -7.2% |
| Equity | 10/15 | €210,336 | €193,057 | -€17,279 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,554 | €188,554 | = | 0.0% |
| Distributable reserves | 133 | €188,554 | €188,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,182 | -€14,097 | -€17,279 | |
| Amounts payable | 17/49 | €223,544 | €209,414 | -€14,130 | -6.3% |
| Amounts payable after more than one year | 17 | €192,000 | €192,000 | = | 0.0% |
| Financial debts | 170/4 | €192,000 | €192,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,544 | €17,414 | -€14,130 | -44.8% |
| Financial debts | 43 | €10,114 | - | -€10,114 | |
| Credit institutions | 430/8 | €10,114 | - | -€10,114 | |
| Trade debts | 44 | €15,588 | €5,022 | -€10,565 | -67.8% |
| Suppliers | 440/4 | €15,588 | €5,022 | -€10,565 | -67.8% |
| Taxes, remuneration and social security | 45 | €88 | - | -€88 | |
| Taxes | 450/3 | €88 | - | -€88 | |
| Other amounts payable | 47/48 | €5,756 | €12,392 | +€6,636 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €234 | +€214 | +1106.6% |
| Other operating charges | 640/8 | €1,104 | €1,148 | +€45 | +4.0% |
| Gross operating margin | 9900 | €7,126 | -€6,418 | -€13,544 | |
| Operating profit (loss) | 9901 | €6,003 | -€7,800 | -€13,803 | |
| Financial charges | 65/66B | €1,676 | €9,479 | +€7,803 | +465.5% |
| Recurring financial charges | 65 | €1,676 | €9,479 | +€7,803 | +465.5% |
| Profit (loss) for the period before taxes | 9903 | €4,327 | -€17,279 | -€21,606 | |
| Income taxes | 67/77 | €1,144 | - | -€1,144 | |
| Profit (loss) for the period | 9904 | €3,182 | -€17,279 | -€20,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,182 | -€17,279 | -€20,461 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.