DV 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.
DV LAW
Largest movements
- Receivables within one year -€22,564
down €22,564 (-80.6%), from €28,004 to €5,440
- Cash +€15,738
up €15,738 (+42.2%), from €37,297 to €53,035
mainly Receivables within one year (+€22,564) and Deferred charges and accrued income (+€2,300)
- Deferred charges and accrued income -€2,300
no longer reported in 2025 (was €2,300)
- Tax, wage and social debts -€11,780
down €11,780 (-82.8%), from €14,228 to €2,448
- Profit (loss) carried forward +€1,998
up €1,998 (+3.9%), from €50,682 to €52,680
- Gross operating margin -€27,732
down €27,732 (-84.1%), from €32,979 to €5,248
- Taxes -€10,257
down €10,257 (-83.3%), from €12,308 to €2,051
- Other operating charges -€436
down €436 (-43.4%), from €1,007 to €570
- Depreciation +€415
up €415 (+293.6%), from €141 to €556
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 | €69,145 | €59,462 | -€9,682 | -14.0% |
| Fixed assets | 21/28 | €1,544 | €988 | -€556 | -36.0% |
| Tangible fixed assets | 22/27 | €1,544 | €988 | -€556 | -36.0% |
| Plant, machinery and equipment | 23 | €1,544 | €988 | -€556 | -36.0% |
| Current assets | 29/58 | €67,601 | €58,475 | -€9,126 | -13.5% |
| Amounts receivable within one year | 40/41 | €28,004 | €5,440 | -€22,564 | -80.6% |
| Trade receivables | 40 | €28,004 | €5,440 | -€22,564 | -80.6% |
| Cash at bank and in hand | 54/58 | €37,297 | €53,035 | +€15,738 | +42.2% |
| Deferred charges and accrued income | 490/1 | €2,300 | - | -€2,300 | |
| Total equity and liabilities | 10/49 | €69,145 | €59,462 | -€9,682 | -14.0% |
| Equity | 10/15 | €53,682 | €55,680 | +€1,998 | +3.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,682 | €52,680 | +€1,998 | +3.9% |
| Amounts payable | 17/49 | €15,462 | €3,782 | -€11,680 | -75.5% |
| Amounts payable within one year | 42/48 | €15,462 | €3,782 | -€11,680 | -75.5% |
| Financial debts | 43 | €857 | €833 | -€25 | -2.9% |
| Credit institutions | 430/8 | €857 | €833 | -€25 | -2.9% |
| Trade debts | 44 | €377 | €501 | +€125 | +33.1% |
| Suppliers | 440/4 | €377 | €501 | +€125 | +33.1% |
| Taxes, remuneration and social security | 45 | €14,228 | €2,448 | -€11,780 | -82.8% |
| Taxes | 450/3 | €14,228 | €2,448 | -€11,780 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €556 | +€415 | +293.6% |
| Other operating charges | 640/8 | €1,007 | €570 | -€436 | -43.4% |
| Gross operating margin | 9900 | €32,979 | €5,248 | -€27,732 | -84.1% |
| Operating profit (loss) | 9901 | €31,831 | €4,121 | -€27,710 | -87.1% |
| Financial charges | 65/66B | €73 | €73 | -€0 | -0.5% |
| Recurring financial charges | 65 | €73 | €73 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €31,758 | €4,048 | -€27,710 | -87.3% |
| Income taxes | 67/77 | €12,308 | €2,051 | -€10,257 | -83.3% |
| Profit (loss) for the period | 9904 | €19,450 | €1,998 | -€17,452 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,450 | €1,998 | -€17,452 | -89.7% |
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 10 October 2026 via checked.be.