E.O. 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.
E.O. Law
Largest movements
- Cash +€20,172
up €20,172 (+61.6%), from €32,745 to €52,917
mainly Net result for the year (+€19,779) and Trade debts (+€3,454)
- Receivables within one year +€2,176
up €2,176 (+301.8%), from €721 to €2,897
- Deferred charges and accrued income +€906
new in 2025: €906
- Profit (loss) carried forward +€19,779
up €19,779 (+91.6%), from €21,590 to €41,369
- Trade debts +€3,454
new in 2025: €3,454
- Contributions -€1,000
no longer reported in 2025 (was €1,000)
- Reserves +€1,000
new in 2025: €1,000
- Gross operating margin -€3,544
down €3,544 (-11.0%), from €32,357 to €28,812
- Financial charges -€1,509
down €1,509 (-36.2%), from €4,164 to €2,655
- Other operating charges -€410
down €410 (-65.3%), from €628 to €218
- Depreciation +€397
up €397 (+5920.3%), from €7 to €403
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 | €34,773 | €57,624 | +€22,851 | +65.7% |
| Fixed assets | 21/28 | €1,307 | €904 | -€403 | -30.9% |
| Tangible fixed assets | 22/27 | €1,216 | €812 | -€403 | -33.2% |
| Furniture and vehicles | 24 | €1,216 | €812 | -€403 | -33.2% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €33,466 | €56,720 | +€23,254 | +69.5% |
| Amounts receivable within one year | 40/41 | €721 | €2,897 | +€2,176 | +301.8% |
| Trade receivables | 40 | €721 | €2,897 | +€2,176 | +301.8% |
| Cash at bank and in hand | 54/58 | €32,745 | €52,917 | +€20,172 | +61.6% |
| Deferred charges and accrued income | 490/1 | - | €906 | +€906 | |
| Total equity and liabilities | 10/49 | €34,773 | €57,624 | +€22,851 | +65.7% |
| Equity | 10/15 | €22,590 | €42,369 | +€19,779 | +87.6% |
| Contributions | 10/11 | €1,000 | - | -€1,000 | |
| Reserves | 13 | - | €1,000 | +€1,000 | |
| Non-distributable reserves | 130/1 | - | €1,000 | +€1,000 | |
| Reserves not available under the articles | 1311 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €21,590 | €41,369 | +€19,779 | +91.6% |
| Amounts payable | 17/49 | €12,183 | €15,255 | +€3,072 | +25.2% |
| Amounts payable within one year | 42/48 | €12,183 | €15,255 | +€3,072 | +25.2% |
| Trade debts | 44 | - | €3,454 | +€3,454 | |
| Suppliers | 440/4 | - | €3,454 | +€3,454 | |
| Taxes, remuneration and social security | 45 | €11,953 | €11,549 | -€405 | -3.4% |
| Taxes | 450/3 | €10,657 | €10,229 | -€429 | -4.0% |
| Remuneration and social security | 454/9 | €1,296 | €1,320 | +€24 | +1.9% |
| Other amounts payable | 47/48 | €230 | €252 | +€22 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €403 | +€397 | +5920.3% |
| Other operating charges | 640/8 | €628 | €218 | -€410 | -65.3% |
| Gross operating margin | 9900 | €32,357 | €28,812 | -€3,544 | -11.0% |
| Operating profit (loss) | 9901 | €31,722 | €28,191 | -€3,531 | -11.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,164 | €2,655 | -€1,509 | -36.2% |
| Recurring financial charges | 65 | €4,164 | €2,655 | -€1,509 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €27,558 | €25,537 | -€2,021 | -7.3% |
| Income taxes | 67/77 | €5,968 | €5,758 | -€210 | -3.5% |
| Profit (loss) for the period | 9904 | €21,590 | €19,779 | -€1,811 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,590 | €19,779 | -€1,811 | -8.4% |
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 11 October 2026 via checked.be.