LRW-CONSTRUCT: what changed
LRW-CONSTRUCT
Largest movements
- Cash -€16,413
down €16,413 (-27.0%), from €60,753 to €44,340
mainly Receivables within one year (-€9,481) and Debts after one year (-€9,031)
- Tangible fixed assets -€15,389
down €15,389 (-56.4%), from €27,301 to €11,913
of which Furniture and vehicles: -€10,003
- Receivables within one year +€9,481
up €9,481 (+41.2%), from €22,995 to €32,476
of which Trade receivables: +€4,877
- Debts after one year -€9,031
down €9,031 (-65.7%), from €13,752 to €4,720
- Other debts -€8,127
down €8,127 (-100%), from €8,127 to €0
- Current portion of long-term debt -€3,035
down €3,035 (-25.2%), from €12,066 to €9,031
- Reserves -€1,664
down €1,664 (-2.6%), from €64,660 to €62,997
- Tax, wage and social debts -€1,367
down €1,367 (-22.1%), from €6,197 to €4,830
- Gross operating margin -€8,060
down €8,060 (-28.4%), from €28,410 to €20,350
- Depreciation -€7,287
down €7,287 (-31.3%), from €23,270 to €15,983
- Staff costs +€562
up €562 (+237%), from €237 to €799
- Financial charges -€475
down €475 (-40.5%), from €1,172 to €697
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,077 | €88,729 | -€23,348 | -20.8% |
| Fixed assets | 21/28 | €27,301 | €11,913 | -€15,389 | -56.4% |
| Tangible fixed assets | 22/27 | €27,301 | €11,913 | -€15,389 | -56.4% |
| Plant, machinery and equipment | 23 | €10,044 | €4,657 | -€5,386 | -53.6% |
| Furniture and vehicles | 24 | €17,258 | €7,255 | -€10,003 | -58.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €84,775 | €76,816 | -€7,959 | -9.4% |
| Amounts receivable within one year | 40/41 | €22,995 | €32,476 | +€9,481 | +41.2% |
| Trade receivables | 40 | €22,995 | €27,871 | +€4,877 | +21.2% |
| Other amounts receivable | 41 | €0 | €4,604 | +€4,604 | |
| Cash at bank and in hand | 54/58 | €60,753 | €44,340 | -€16,413 | -27.0% |
| Deferred charges and accrued income | 490/1 | €1,028 | €0 | -€1,028 | -100% |
| Total equity and liabilities | 10/49 | €112,077 | €88,729 | -€23,348 | -20.8% |
| Equity | 10/15 | €70,860 | €69,197 | -€1,664 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,660 | €62,997 | -€1,664 | -2.6% |
| Distributable reserves | 133 | €64,660 | €62,997 | -€1,664 | -2.6% |
| Amounts payable | 17/49 | €41,217 | €19,532 | -€21,685 | -52.6% |
| Amounts payable after more than one year | 17 | €13,752 | €4,720 | -€9,031 | -65.7% |
| Financial debts | 170/4 | €13,752 | €4,720 | -€9,031 | -65.7% |
| Amounts payable within one year | 42/48 | €27,465 | €14,812 | -€12,653 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €12,066 | €9,031 | -€3,035 | -25.2% |
| Trade debts | 44 | €1,074 | €950 | -€124 | -11.5% |
| Suppliers | 440/4 | €1,074 | €950 | -€124 | -11.5% |
| Taxes, remuneration and social security | 45 | €6,197 | €4,830 | -€1,367 | -22.1% |
| Taxes | 450/3 | €6,197 | €4,830 | -€1,367 | -22.1% |
| Other amounts payable | 47/48 | €8,127 | €0 | -€8,127 | -100% |
| Non-recurring operating income | 76A | €77 | €0 | -€77 | -100% |
| Remuneration, social security and pensions | 62 | €237 | €799 | +€562 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,270 | €15,983 | -€7,287 | -31.3% |
| Other operating charges | 640/8 | €2,159 | €2,025 | -€134 | -6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,410 | €20,350 | -€8,060 | -28.4% |
| Operating profit (loss) | 9901 | €2,744 | €1,543 | -€1,202 | -43.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.7% |
| Financial charges | 65/66B | €1,172 | €697 | -€475 | -40.5% |
| Recurring financial charges | 65 | €1,172 | €697 | -€475 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €1,575 | €846 | -€729 | -46.3% |
| Income taxes | 67/77 | €2,321 | €2,509 | +€189 | +8.1% |
| Profit (loss) for the period | 9904 | -€746 | -€1,664 | -€918 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€746 | -€1,664 | -€918 | -123% |
Next steps
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 4 November 2026 via checked.be.