D.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.
D.Law
Largest movements
- Cash +€9,100
up €9,100 (+33.5%), from €27,179 to €36,279
mainly Depreciation (+€8,529) and Net result for the year (+€7,501)
- Tangible fixed assets -€8,297
down €8,297 (-26.7%), from €31,027 to €22,730
of which Furniture and vehicles: -€8,200
- Receivables within one year +€5,470
up €5,470 (+38.8%), from €14,091 to €19,561
of which Other amounts receivable: +€4,260
- Reserves +€7,450
up €7,450 (+17.1%), from €43,500 to €50,950
- Debts after one year -€5,808
down €5,808 (-100.0%), from €5,808 to €0
- Tax, wage and social debts +€4,092
up €4,092 (+42.6%), from €9,610 to €13,702
of which Taxes: +€4,092
- Other debts +€2,105
up €2,105 (+63.5%), from €3,312 to €5,417
- Current portion of long-term debt -€1,734
down €1,734 (-17.3%), from €10,042 to €8,308
- Other operating charges +€396
up €396 (+145.9%), from €271 to €667
- Financial charges -€247
down €247 (-19.3%), from €1,280 to €1,033
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 | €83,243 | €89,300 | +€6,057 | +7.3% |
| Formation expenses | 20 | €636 | €405 | -€231 | -36.4% |
| Fixed assets | 21/28 | €31,027 | €22,730 | -€8,297 | -26.7% |
| Tangible fixed assets | 22/27 | €31,027 | €22,730 | -€8,297 | -26.7% |
| Plant, machinery and equipment | 23 | €244 | €147 | -€98 | -40.0% |
| Furniture and vehicles | 24 | €30,783 | €22,583 | -€8,200 | -26.6% |
| Current assets | 29/58 | €51,580 | €66,165 | +€14,586 | +28.3% |
| Amounts receivable within one year | 40/41 | €14,091 | €19,561 | +€5,470 | +38.8% |
| Trade receivables | 40 | €7,260 | €8,470 | +€1,210 | +16.7% |
| Other amounts receivable | 41 | €6,831 | €11,091 | +€4,260 | +62.4% |
| Cash at bank and in hand | 54/58 | €27,179 | €36,279 | +€9,100 | +33.5% |
| Deferred charges and accrued income | 490/1 | €10,310 | €10,325 | +€15 | +0.1% |
| Total equity and liabilities | 10/49 | €83,243 | €89,300 | +€6,057 | +7.3% |
| Equity | 10/15 | €54,046 | €61,547 | +€7,501 | +13.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,500 | €50,950 | +€7,450 | +17.1% |
| Distributable reserves | 133 | €43,500 | €50,950 | +€7,450 | +17.1% |
| Profit (loss) carried forward | 14 | €546 | €597 | +€51 | +9.3% |
| Amounts payable | 17/49 | €29,197 | €27,753 | -€1,444 | -4.9% |
| Amounts payable after more than one year | 17 | €5,808 | €0 | -€5,808 | -100.0% |
| Financial debts | 170/4 | €5,808 | €0 | -€5,808 | -100.0% |
| Amounts payable within one year | 42/48 | €23,263 | €27,753 | +€4,490 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €10,042 | €8,308 | -€1,734 | -17.3% |
| Trade debts | 44 | €298 | €325 | +€27 | +9.1% |
| Suppliers | 440/4 | €298 | €325 | +€27 | +9.1% |
| Taxes, remuneration and social security | 45 | €9,610 | €13,702 | +€4,092 | +42.6% |
| Taxes | 450/3 | €9,610 | €13,702 | +€4,092 | +42.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,312 | €5,417 | +€2,105 | +63.5% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,480 | €8,529 | +€49 | +0.6% |
| Other operating charges | 640/8 | €271 | €667 | +€396 | +145.9% |
| Gross operating margin | 9900 | €21,126 | €20,969 | -€157 | -0.7% |
| Operating profit (loss) | 9901 | €12,375 | €11,774 | -€602 | -4.9% |
| Financial charges | 65/66B | €1,280 | €1,033 | -€247 | -19.3% |
| Recurring financial charges | 65 | €1,280 | €1,033 | -€247 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €11,096 | €10,741 | -€355 | -3.2% |
| Income taxes | 67/77 | €3,169 | €3,240 | +€70 | +2.2% |
| Profit (loss) for the period | 9904 | €7,926 | €7,501 | -€425 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,926 | €7,501 | -€425 | -5.4% |
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 6 October 2026 via checked.be.