D2 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.
D2 Law
Largest movements
- Cash +€211,596
up €211,596 (+209%), from €101,177 to €312,773
mainly Depreciation (+€150,015) and Other debts (+€131,384)
- Intangible fixed assets -€125,000
down €125,000 (-23.6%), from €530,479 to €405,479
- Receivables within one year -€37,184
down €37,184 (-13.9%), from €267,013 to €229,829
- Tangible fixed assets -€25,015
down €25,015 (-24.0%), from €104,292 to €79,277
of which Furniture and vehicles: -€12,835
- Other debts +€131,384
up €131,384 (+2,628%), from €5,000 to €136,384
- Trade debts -€116,101
down €116,101 (-12.3%), from €941,196 to €825,095
- Write-downs -€42,799
new in 2025: -€42,799
- Other operating charges +€13,003
up €13,003 (+757%), from €1,717 to €14,721
- Depreciation +€4,960
up €4,960 (+3.4%), from €145,056 to €150,015
- Staff costs +€4,188
up €4,188 (+2.5%), from €170,563 to €174,751
- Gross operating margin -€3,671
down €3,671 (-1.1%), from €320,185 to €316,514
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 | €1,004,564 | €1,029,091 | +€24,526 | +2.4% |
| Fixed assets | 21/28 | €634,772 | €484,756 | -€150,015 | -23.6% |
| Intangible fixed assets | 21 | €530,479 | €405,479 | -€125,000 | -23.6% |
| Tangible fixed assets | 22/27 | €104,292 | €79,277 | -€25,015 | -24.0% |
| Land and buildings | 22 | €75,108 | €62,928 | -€12,180 | -16.2% |
| Furniture and vehicles | 24 | €29,184 | €16,349 | -€12,835 | -44.0% |
| Current assets | 29/58 | €369,792 | €544,334 | +€174,542 | +47.2% |
| Amounts receivable within one year | 40/41 | €267,013 | €229,829 | -€37,184 | -13.9% |
| Trade receivables | 40 | €267,013 | €229,829 | -€37,184 | -13.9% |
| Cash at bank and in hand | 54/58 | €101,177 | €312,773 | +€211,596 | +209% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,733 | +€130 | +8.1% |
| Total equity and liabilities | 10/49 | €1,004,564 | €1,029,091 | +€24,526 | +2.4% |
| Equity | 10/15 | €18,690 | €19,315 | +€625 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,490 | €13,115 | +€625 | +5.0% |
| Distributable reserves | 133 | €12,490 | €13,115 | +€625 | +5.0% |
| Amounts payable | 17/49 | €985,874 | €1,009,776 | +€23,901 | +2.4% |
| Amounts payable within one year | 42/48 | €985,874 | €1,009,776 | +€23,901 | +2.4% |
| Trade debts | 44 | €941,196 | €825,095 | -€116,101 | -12.3% |
| Suppliers | 440/4 | €941,196 | €825,095 | -€116,101 | -12.3% |
| Taxes, remuneration and social security | 45 | €39,678 | €48,297 | +€8,618 | +21.7% |
| Taxes | 450/3 | €18,226 | €26,105 | +€7,880 | +43.2% |
| Remuneration and social security | 454/9 | €21,453 | €22,191 | +€739 | +3.4% |
| Other amounts payable | 47/48 | €5,000 | €136,384 | +€131,384 | +2,628% |
| Non-recurring operating income | 76A | - | €16,017 | +€16,017 | |
| Remuneration, social security and pensions | 62 | €170,563 | €174,751 | +€4,188 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,056 | €150,015 | +€4,960 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€42,799 | -€42,799 | |
| Other operating charges | 640/8 | €1,717 | €14,721 | +€13,003 | +757% |
| Non-recurring operating charges | 66A | €383 | - | -€383 | |
| Gross operating margin | 9900 | €320,185 | €316,514 | -€3,671 | -1.1% |
| Operating profit (loss) | 9901 | €2,466 | €19,826 | +€17,360 | +704% |
| Financial income | 75/76B | €2 | €0 | -€2 | -97.1% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -97.1% |
| Financial charges | 65/66B | €872 | €941 | +€69 | +8.0% |
| Recurring financial charges | 65 | €872 | €941 | +€69 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €1,596 | €18,885 | +€17,289 | +1,084% |
| Income taxes | 67/77 | €1,455 | €3,260 | +€1,805 | +124% |
| Profit (loss) for the period | 9904 | €141 | €15,625 | +€15,484 | +10,985% |
| Profit (loss) for the period to be appropriated | 9905 | €141 | €15,625 | +€15,484 | +10,985% |
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 18 October 2026 via checked.be.