C.S. 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.
C.S. Law
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€5,518
up €5,518 (+448%), from €1,233 to €6,751
of which Other amounts receivable: +€6,751
- Tangible fixed assets -€3,242
down €3,242 (-54.7%), from €5,924 to €2,682
- Other debts -€87,624
down €87,624 (-69.8%), from €125,624 to €38,000
- Reserves -€12,776
down €12,776 (-22.2%), from €57,582 to €44,807
- Advances received +€2,600
new in 2025: €2,600
- Gross operating margin -€44,493
down €44,493 (-53.4%), from €83,263 to €38,769
- Taxes -€11,249
down €11,249 (-53.8%), from €20,897 to €9,648
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 | €192,605 | €96,788 | -€95,817 | -49.7% |
| Fixed assets | 21/28 | €5,924 | €2,682 | -€3,242 | -54.7% |
| Tangible fixed assets | 22/27 | €5,924 | €2,682 | -€3,242 | -54.7% |
| Furniture and vehicles | 24 | €5,924 | €2,682 | -€3,242 | -54.7% |
| Current assets | 29/58 | €186,681 | €94,106 | -€92,575 | -49.6% |
| Amounts receivable within one year | 40/41 | €1,233 | €6,751 | +€5,518 | +448% |
| Trade receivables | 40 | €1,233 | - | -€1,233 | |
| Other amounts receivable | 41 | - | €6,751 | +€6,751 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €84,976 | €86,858 | +€1,882 | +2.2% |
| Deferred charges and accrued income | 490/1 | €473 | €498 | +€25 | +5.2% |
| Total equity and liabilities | 10/49 | €192,605 | €96,788 | -€95,817 | -49.7% |
| Equity | 10/15 | €59,582 | €46,807 | -€12,776 | -21.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €57,582 | €44,807 | -€12,776 | -22.2% |
| Distributable reserves | 133 | €57,582 | €44,807 | -€12,776 | -22.2% |
| Amounts payable | 17/49 | €133,023 | €49,982 | -€83,041 | -62.4% |
| Amounts payable within one year | 42/48 | €133,023 | €49,982 | -€83,041 | -62.4% |
| Trade debts | 44 | €2,347 | €2,822 | +€475 | +20.3% |
| Suppliers | 440/4 | €2,347 | €2,822 | +€475 | +20.3% |
| Advances received on contracts in progress | 46 | - | €2,600 | +€2,600 | |
| Taxes, remuneration and social security | 45 | €5,052 | €6,560 | +€1,508 | +29.8% |
| Taxes | 450/3 | €5,052 | €4,810 | -€242 | -4.8% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €125,624 | €38,000 | -€87,624 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,995 | €5,317 | +€322 | +6.4% |
| Other operating charges | 640/8 | €177 | €253 | +€77 | +43.4% |
| Gross operating margin | 9900 | €83,263 | €38,769 | -€44,493 | -53.4% |
| Operating profit (loss) | 9901 | €78,091 | €33,199 | -€44,891 | -57.5% |
| Financial income | 75/76B | €1,201 | €1,331 | +€130 | +10.8% |
| Recurring financial income | 75 | €1,201 | €1,331 | +€130 | +10.8% |
| Financial charges | 65/66B | €136 | €150 | +€14 | +10.3% |
| Recurring financial charges | 65 | €136 | €150 | +€14 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €79,155 | €34,380 | -€44,775 | -56.6% |
| Income taxes | 67/77 | €20,897 | €9,648 | -€11,249 | -53.8% |
| Profit (loss) for the period | 9904 | €58,258 | €24,732 | -€33,526 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,258 | €24,732 | -€33,526 | -57.5% |
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 28 October 2026 via checked.be.