Dlaw: 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.
Dlaw
Largest movements
- Cash +€39,906
up €39,906 (+55.1%), from €72,365 to €112,271
mainly Net result for the year (+€25,499) and Depreciation (+€12,846)
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year -€7,760
down €7,760 (-45.2%), from €17,181 to €9,421
- Tangible fixed assets +€2,484
up €2,484 (+11.7%), from €21,302 to €23,786
of which Furniture and vehicles: +€2,583
- Reserves +€24,666
up €24,666 (+54.5%), from €45,287 to €69,953
- Other debts +€7,391
up €7,391 (+22.2%), from €33,222 to €40,613
- Debts after one year -€6,000
down €6,000 (-57.1%), from €10,500 to €4,500
- Gross operating margin -€22,765
down €22,765 (-30.2%), from €75,260 to €52,494
- Taxes -€6,948
down €6,948 (-40.6%), from €17,108 to €10,160
- Depreciation +€3,378
up €3,378 (+35.7%), from €9,468 to €12,846
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 | €122,006 | €147,570 | +€25,564 | +21.0% |
| Fixed assets | 21/28 | €21,302 | €23,786 | +€2,484 | +11.7% |
| Tangible fixed assets | 22/27 | €21,302 | €23,786 | +€2,484 | +11.7% |
| Plant, machinery and equipment | 23 | €111 | €12 | -€99 | -88.8% |
| Furniture and vehicles | 24 | €21,191 | €23,774 | +€2,583 | +12.2% |
| Current assets | 29/58 | €100,704 | €123,784 | +€23,080 | +22.9% |
| Amounts receivable within one year | 40/41 | €17,181 | €9,421 | -€7,760 | -45.2% |
| Trade receivables | 40 | €17,181 | €9,421 | -€7,760 | -45.2% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €72,365 | €112,271 | +€39,906 | +55.1% |
| Deferred charges and accrued income | 490/1 | €1,158 | €2,093 | +€934 | +80.7% |
| Total equity and liabilities | 10/49 | €122,006 | €147,570 | +€25,564 | +21.0% |
| Equity | 10/15 | €63,887 | €88,553 | +€24,666 | +38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,287 | €69,953 | +€24,666 | +54.5% |
| Distributable reserves | 133 | €45,287 | €69,953 | +€24,666 | +54.5% |
| Amounts payable | 17/49 | €58,119 | €59,017 | +€898 | +1.5% |
| Amounts payable after more than one year | 17 | €10,500 | €4,500 | -€6,000 | -57.1% |
| Financial debts | 170/4 | €10,500 | €4,500 | -€6,000 | -57.1% |
| Amounts payable within one year | 42/48 | €45,176 | €51,771 | +€6,595 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €116 | €233 | +€117 | +101% |
| Suppliers | 440/4 | €116 | €233 | +€117 | +101% |
| Taxes, remuneration and social security | 45 | €5,839 | €4,925 | -€914 | -15.6% |
| Taxes | 450/3 | €5,839 | €4,925 | -€914 | -15.6% |
| Other amounts payable | 47/48 | €33,222 | €40,613 | +€7,391 | +22.2% |
| Accrued charges and deferred income | 492/3 | €2,443 | €2,746 | +€303 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,468 | €12,846 | +€3,378 | +35.7% |
| Other operating charges | 640/8 | €1,201 | €1,413 | +€212 | +17.6% |
| Gross operating margin | 9900 | €75,260 | €52,494 | -€22,765 | -30.2% |
| Operating profit (loss) | 9901 | €64,591 | €38,235 | -€26,355 | -40.8% |
| Financial income | 75/76B | €303 | €324 | +€22 | +7.2% |
| Recurring financial income | 75 | €303 | €324 | +€22 | +7.2% |
| Financial charges | 65/66B | €2,663 | €2,901 | +€238 | +8.9% |
| Recurring financial charges | 65 | €2,663 | €2,901 | +€238 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €62,230 | €35,659 | -€26,571 | -42.7% |
| Income taxes | 67/77 | €17,108 | €10,160 | -€6,948 | -40.6% |
| Profit (loss) for the period | 9904 | €45,123 | €25,499 | -€19,624 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,123 | €25,499 | -€19,624 | -43.5% |
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 19 October 2026 via checked.be.