VILLA LOWIS: 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.
VILLA LOWIS
Largest movements
- Stocks and contracts -€4.3m
down €4.3m (-90.3%), from €4.8m to €462,159
- Receivables within one year +€590,420
up €590,420 (+733%), from €80,597 to €671,016
of which Other amounts receivable: +€620,815
- Cash -€74,674
down €74,674 (-48.8%), from €153,107 to €78,433
mainly Advances received (-€4.0m) and Contributions, distributions and other (-€600,000)
- Advances received -€4.0m
no longer reported in 2025 (was €4.0m)
- Reserves +€360,975
new in 2025: €360,975
- Short-term financial debts -€335,754
down €335,754 (-67.2%), from €500,000 to €164,246
- Profit (loss) carried forward +€230,641
no longer reported in 2025 (was -€230,641)
- Tax, wage and social debts -€73,445
no longer reported in 2025 (was €73,445)
- Gross operating margin +€1.6m
up €1.6m, from -€99,271 to €1.5m
- Taxes +€313,658
new in 2025: €313,658
- Financial charges -€22,782
down €22,782 (-76.9%), from €29,640 to €6,857
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 | €5,015,168 | €1,212,007 | -€3.8m | -75.8% |
| Current assets | 29/58 | €5,015,168 | €1,212,007 | -€3.8m | -75.8% |
| Stocks and contracts in progress | 3 | €4,778,068 | €462,159 | -€4.3m | -90.3% |
| Stocks | 30/36 | €4,778,068 | €462,159 | -€4.3m | -90.3% |
| Amounts receivable within one year | 40/41 | €80,597 | €671,016 | +€590,420 | +733% |
| Trade receivables | 40 | €80,597 | €50,201 | -€30,396 | -37.7% |
| Other amounts receivable | 41 | - | €620,815 | +€620,815 | |
| Cash at bank and in hand | 54/58 | €153,107 | €78,433 | -€74,674 | -48.8% |
| Deferred charges and accrued income | 490/1 | €3,396 | €400 | -€2,996 | -88.2% |
| Total equity and liabilities | 10/49 | €5,015,168 | €1,212,007 | -€3.8m | -75.8% |
| Equity | 10/15 | -€229,641 | €361,975 | +€591,616 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €360,975 | +€360,975 | |
| Distributable reserves | 133 | - | €360,975 | +€360,975 | |
| Profit (loss) carried forward | 14 | -€230,641 | - | +€230,641 | |
| Amounts payable | 17/49 | €5,244,809 | €850,032 | -€4.4m | -83.8% |
| Amounts payable within one year | 42/48 | €5,241,396 | €850,032 | -€4.4m | -83.8% |
| Financial debts | 43 | €500,000 | €164,246 | -€335,754 | -67.2% |
| Credit institutions | 430/8 | €500,000 | €164,246 | -€335,754 | -67.2% |
| Trade debts | 44 | €85,644 | €85,786 | +€142 | +0.2% |
| Suppliers | 440/4 | €85,644 | €85,786 | +€142 | +0.2% |
| Advances received on contracts in progress | 46 | €3,962,903 | - | -€4.0m | |
| Taxes, remuneration and social security | 45 | €73,445 | - | -€73,445 | |
| Taxes | 450/3 | €73,445 | - | -€73,445 | |
| Other amounts payable | 47/48 | €619,403 | €600,000 | -€19,403 | -3.1% |
| Accrued charges and deferred income | 492/3 | €3,413 | - | -€3,413 | |
| Other operating charges | 640/8 | €1,080 | €1,130 | +€51 | +4.7% |
| Gross operating margin | 9900 | -€99,271 | €1,509,451 | +€1.6m | |
| Operating profit (loss) | 9901 | -€100,350 | €1,508,320 | +€1.6m | |
| Financial income | 75/76B | €12,299 | €3,812 | -€8,487 | -69.0% |
| Recurring financial income | 75 | €12,299 | €3,812 | -€8,487 | -69.0% |
| Financial charges | 65/66B | €29,640 | €6,857 | -€22,782 | -76.9% |
| Recurring financial charges | 65 | €29,640 | €6,857 | -€22,782 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€117,691 | €1,505,275 | +€1.6m | |
| Income taxes | 67/77 | - | €313,658 | +€313,658 | |
| Profit (loss) for the period | 9904 | -€117,691 | €1,191,616 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€117,691 | €1,191,616 | +€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.