TVW LASWERKEN: what changed
What changed
TVW LASWERKEN
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€34,658
2024 · €46,592-€11,934
Equity
€141,879
2024 · €107,221+€34,658
Cash
€50,656
2024 · €26,756+€23,900
Balance sheet total
€1.3m
2024 · €1.3m+€26,583
Largest movements
Assets
- Cash +€23,900
up €23,900 (+89.3%), from €26,756 to €50,656
mainly Depreciation (+€67,410) and Net result for the year (+€34,658)
Equity and liabilities
- Debts after one year -€62,576
down €62,576 (-6.3%), from €989,069 to €926,493
- Reserves +€34,658
up €34,658 (+35.6%), from €97,221 to €131,879
- Trade debts +€33,257
up €33,257 (+60.9%), from €54,571 to €87,828
- Current portion of long-term debt +€16,555
up €16,555 (+19.5%), from €85,064 to €101,619
Income statement
- Gross operating margin -€14,734
down €14,734 (-8.8%), from €167,509 to €152,775
- Depreciation -€9,305
down €9,305 (-12.1%), from €76,714 to €67,410
- Taxes +€4,126
up €4,126 (+484%), from €853 to €4,978
- Other operating charges +€1,930
up €1,930 (+18.8%), from €10,262 to €12,192
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.
Result 2024
€46,592
Gross operating margin
-€14,734
Depreciation
+€9,305
Other operating charges
-€1,930
Financial income
+€511
Financial charges
-€960
Taxes
-€4,126
Result 2025
€34,658
raises the resultlowers the result
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.
From operations
+€143,208
Investment
-€73,287
Financing
-€46,021
Cash 2024
€26,756
From operations (derived)
+€143,208
Net result for the year
+€34,658
Depreciation
+€67,410
Stocks and contracts
-€4,474
Receivables within one year
+€7,242
Deferred charges and accrued income
+€427
Trade debts
+€33,257
Tax, wage and social debts
+€5,623
Other debts
-€933
Investment (derived)
-€73,287
Investment in fixed assets (net)
-€73,287
Financing
-€46,021
Debts after one year
-€62,576
Current portion of long-term debt
+€16,555
Cash 2025
€50,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,290,705 | €1,317,288 | +€26,583 | +2.1% |
| Fixed assets | 21/28 | €1,199,218 | €1,205,095 | +€5,878 | +0.5% |
| Intangible fixed assets | 21 | €7,484 | €5,657 | -€1,827 | -24.4% |
| Tangible fixed assets | 22/27 | €1,191,734 | €1,199,439 | +€7,705 | +0.6% |
| Land and buildings | 22 | €1,107,795 | €1,064,746 | -€43,049 | -3.9% |
| Plant, machinery and equipment | 23 | €78,260 | €77,114 | -€1,146 | -1.5% |
| Furniture and vehicles | 24 | €4,449 | €17,136 | +€12,687 | +285% |
| Leasing and similar rights | 25 | €1,231 | €40,443 | +€39,212 | +3,186% |
| Current assets | 29/58 | €91,488 | €112,193 | +€20,706 | +22.6% |
| Stocks and contracts in progress | 3 | €5,201 | €9,675 | +€4,474 | +86.0% |
| Stocks | 30/36 | €5,201 | €9,675 | +€4,474 | +86.0% |
| Amounts receivable within one year | 40/41 | €56,927 | €49,684 | -€7,242 | -12.7% |
| Trade receivables | 40 | €56,465 | €48,044 | -€8,421 | -14.9% |
| Other amounts receivable | 41 | €461 | €1,640 | +€1,179 | +256% |
| Cash at bank and in hand | 54/58 | €26,756 | €50,656 | +€23,900 | +89.3% |
| Deferred charges and accrued income | 490/1 | €2,604 | €2,177 | -€427 | -16.4% |
| Total equity and liabilities | 10/49 | €1,290,705 | €1,317,288 | +€26,583 | +2.1% |
| Equity | 10/15 | €107,221 | €141,879 | +€34,658 | +32.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,221 | €131,879 | +€34,658 | +35.6% |
| Distributable reserves | 133 | €97,221 | €131,879 | +€34,658 | +35.6% |
| Amounts payable | 17/49 | €1,183,485 | €1,175,410 | -€8,075 | -0.7% |
| Amounts payable after more than one year | 17 | €989,069 | €926,493 | -€62,576 | -6.3% |
| Financial debts | 170/4 | €989,069 | €926,493 | -€62,576 | -6.3% |
| Amounts payable within one year | 42/48 | €194,415 | €248,916 | +€54,501 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €85,064 | €101,619 | +€16,555 | +19.5% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €54,571 | €87,828 | +€33,257 | +60.9% |
| Suppliers | 440/4 | €54,571 | €87,828 | +€33,257 | +60.9% |
| Taxes, remuneration and social security | 45 | €13,762 | €19,384 | +€5,623 | +40.9% |
| Taxes | 450/3 | €13,762 | €19,384 | +€5,623 | +40.9% |
| Other amounts payable | 47/48 | €21,018 | €20,085 | -€933 | -4.4% |
| Non-recurring operating income | 76A | €3,820 | - | -€3,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,714 | €67,410 | -€9,305 | -12.1% |
| Other operating charges | 640/8 | €10,262 | €12,192 | +€1,930 | +18.8% |
| Gross operating margin | 9900 | €167,509 | €152,775 | -€14,734 | -8.8% |
| Operating profit (loss) | 9901 | €80,533 | €73,173 | -€7,360 | -9.1% |
| Financial income | 75/76B | €79 | €590 | +€511 | +650% |
| Recurring financial income | 75 | €79 | €590 | +€511 | +650% |
| Financial charges | 65/66B | €33,166 | €34,127 | +€960 | +2.9% |
| Recurring financial charges | 65 | €33,166 | €34,127 | +€960 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €47,445 | €39,636 | -€7,809 | -16.5% |
| Income taxes | 67/77 | €853 | €4,978 | +€4,126 | +484% |
| Profit (loss) for the period | 9904 | €46,592 | €34,658 | -€11,934 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,592 | €34,658 | -€11,934 | -25.6% |
Next steps
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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 6 November 2026 via checked.be.