CS LAW: what changed
Two fiscal 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.
CS LAW
Largest movements
- Tangible fixed assets -€10,999
down €10,999 (-23.2%), from €47,496 to €36,496
- Receivables within one year -€3,995
down €3,995 (-91.4%), from €4,371 to €376
- Cash +€2,982
up €2,982 (+208.9%), from €1,428 to €4,410
mainly Depreciation (+€10,999) and Receivables within one year (+€3,995)
- Debts after one year -€10,381
down €10,381 (-28.0%), from €37,087 to €26,706
- Profit (loss) carried forward -€4,075
down €4,075 (-39.3%), from -€10,370 to -€14,445
- Tax, wage and social debts +€1,165
new in 2025: €1,165
- Trade debts +€678
new in 2025: €678
- Gross operating margin +€11,310
up €11,310, from -€2,039 to €9,271
- Depreciation +€4,614
up €4,614 (+72.3%), from €6,385 to €10,999
- Financial charges +€489
up €489 (+40.1%), from €1,218 to €1,706
- Other operating charges -€227
down €227 (-31.2%), from €728 to €501
- Taxes +€140
new in 2025: €140
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.
Cash bridge derived
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 | €53,990 | €42,105 | -€11,885 | -22.0% |
| Fixed assets | 21/28 | €47,496 | €36,496 | -€10,999 | -23.2% |
| Tangible fixed assets | 22/27 | €47,496 | €36,496 | -€10,999 | -23.2% |
| Furniture and vehicles | 24 | €47,496 | €36,496 | -€10,999 | -23.2% |
| Current assets | 29/58 | €6,494 | €5,609 | -€885 | -13.6% |
| Amounts receivable within one year | 40/41 | €4,371 | €376 | -€3,995 | -91.4% |
| Other amounts receivable | 41 | €4,371 | €376 | -€3,995 | -91.4% |
| Cash at bank and in hand | 54/58 | €1,428 | €4,410 | +€2,982 | +208.9% |
| Deferred charges and accrued income | 490/1 | €695 | €823 | +€128 | +18.4% |
| Total equity and liabilities | 10/49 | €53,990 | €42,105 | -€11,885 | -22.0% |
| Equity | 10/15 | -€8,370 | -€12,445 | -€4,075 | -48.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,370 | -€14,445 | -€4,075 | -39.3% |
| Amounts payable | 17/49 | €62,360 | €54,550 | -€7,810 | -12.5% |
| Amounts payable after more than one year | 17 | €37,087 | €26,706 | -€10,381 | -28.0% |
| Financial debts | 170/4 | €37,087 | €26,706 | -€10,381 | -28.0% |
| Amounts payable within one year | 42/48 | €25,272 | €27,486 | +€2,214 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €10,010 | €10,381 | +€372 | +3.7% |
| Trade debts | 44 | - | €678 | +€678 | |
| Suppliers | 440/4 | - | €678 | +€678 | |
| Taxes, remuneration and social security | 45 | - | €1,165 | +€1,165 | |
| Taxes | 450/3 | - | €1,165 | +€1,165 | |
| Other amounts payable | 47/48 | €15,263 | €15,263 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €358 | +€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,385 | €10,999 | +€4,614 | +72.3% |
| Other operating charges | 640/8 | €728 | €501 | -€227 | -31.2% |
| Gross operating margin | 9900 | -€2,039 | €9,271 | +€11,310 | |
| Operating profit (loss) | 9901 | -€9,152 | -€2,229 | +€6,923 | +75.6% |
| Financial charges | 65/66B | €1,218 | €1,706 | +€489 | +40.1% |
| Recurring financial charges | 65 | €1,218 | €1,706 | +€489 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,370 | -€3,936 | +€6,434 | +62.0% |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€10,370 | -€4,075 | +€6,295 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,370 | -€4,075 | +€6,295 | +60.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.