B-LAW: 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.
B-LAW
Largest movements
- Receivables within one year -€29,758
down €29,758 (-14.9%), from €200,366 to €170,608
of which Trade receivables: -€31,025
- Cash +€7,463
up €7,463 (+518%), from €1,441 to €8,904
mainly Receivables within one year (+€29,758) and Trade debts (+€12,511)
- Other debts -€24,956
down €24,956 (-39.6%), from €63,019 to €38,063
- Trade debts +€12,511
up €12,511 (+22.0%), from €56,969 to €69,480
- Tax, wage and social debts -€6,538
down €6,538 (-87.1%), from €7,510 to €972
of which Taxes: -€4,766
- Gross operating margin -€22,430
down €22,430 (-31.8%), from €70,488 to €48,058
- Staff costs -€5,545
down €5,545 (-17.7%), from €31,262 to €25,717
- Financial charges -€1,420
down €1,420 (-21.7%), from €6,558 to €5,138
- Financial income -€993
down €993 (-99.6%), from €997 to €4
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 | €209,038 | €189,965 | -€19,073 | -9.1% |
| Fixed assets | 21/28 | €5,911 | €7,236 | +€1,325 | +22.4% |
| Tangible fixed assets | 22/27 | €5,647 | €7,236 | +€1,589 | +28.1% |
| Furniture and vehicles | 24 | €5,647 | €7,236 | +€1,589 | +28.1% |
| Financial fixed assets | 28 | €265 | - | -€265 | |
| Current assets | 29/58 | €203,127 | €182,730 | -€20,397 | -10.0% |
| Amounts receivable within one year | 40/41 | €200,366 | €170,608 | -€29,758 | -14.9% |
| Trade receivables | 40 | €197,435 | €166,410 | -€31,025 | -15.7% |
| Other amounts receivable | 41 | €2,932 | €4,198 | +€1,267 | +43.2% |
| Cash at bank and in hand | 54/58 | €1,441 | €8,904 | +€7,463 | +518% |
| Deferred charges and accrued income | 490/1 | €1,319 | €3,218 | +€1,898 | +144% |
| Total equity and liabilities | 10/49 | €209,038 | €189,965 | -€19,073 | -9.1% |
| Equity | 10/15 | €31,541 | €31,451 | -€89 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,941 | €12,851 | -€89 | -0.7% |
| Non-distributable reserves | 130/1 | €96 | €96 | = | 0.0% |
| Reserves not available under the articles | 1311 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €12,845 | €12,756 | -€89 | -0.7% |
| Amounts payable | 17/49 | €177,498 | €158,514 | -€18,983 | -10.7% |
| Amounts payable within one year | 42/48 | €177,498 | €158,514 | -€18,983 | -10.7% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €56,969 | €69,480 | +€12,511 | +22.0% |
| Suppliers | 440/4 | €56,969 | €69,480 | +€12,511 | +22.0% |
| Taxes, remuneration and social security | 45 | €7,510 | €972 | -€6,538 | -87.1% |
| Taxes | 450/3 | €4,864 | €99 | -€4,766 | -98.0% |
| Remuneration and social security | 454/9 | €2,646 | €873 | -€1,773 | -67.0% |
| Other amounts payable | 47/48 | €63,019 | €38,063 | -€24,956 | -39.6% |
| Remuneration, social security and pensions | 62 | €31,262 | €25,717 | -€5,545 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | €2,462 | -€321 | -11.5% |
| Other operating charges | 640/8 | €1,655 | €1,052 | -€603 | -36.4% |
| Gross operating margin | 9900 | €70,488 | €48,058 | -€22,430 | -31.8% |
| Operating profit (loss) | 9901 | €34,787 | €18,827 | -€15,960 | -45.9% |
| Financial income | 75/76B | €997 | €4 | -€993 | -99.6% |
| Recurring financial income | 75 | €997 | €4 | -€993 | -99.6% |
| Financial charges | 65/66B | €6,558 | €5,138 | -€1,420 | -21.7% |
| Recurring financial charges | 65 | €6,558 | €5,138 | -€1,420 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €29,226 | €13,692 | -€15,534 | -53.2% |
| Income taxes | 67/77 | €3,221 | €3,781 | +€560 | +17.4% |
| Profit (loss) for the period | 9904 | €26,004 | €9,911 | -€16,094 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,004 | €9,911 | -€16,094 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.