@Econlaw: 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.
@Econlaw
Largest movements
- Cash -€94,419
down €94,419 (-28.9%), from €326,309 to €231,890
mainly Other debts (-€143,089) and Contributions, distributions and other (-€111,481)
- Receivables within one year +€49,142
up €49,142 (+99.7%), from €49,298 to €98,440
of which Trade receivables: +€47,544
- Other debts -€143,089
no longer reported in 2025 (was €143,089)
- Tax, wage and social debts +€100,374
up €100,374 (+618.1%), from €16,239 to €116,613
of which Remuneration and social security: +€111,481
- Gross operating margin -€43,613
down €43,613 (-23.4%), from €186,767 to €143,154
- Taxes -€10,617
down €10,617 (-25.3%), from €41,910 to €31,293
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 | €376,606 | €334,008 | -€42,598 | -11.3% |
| Fixed assets | 21/28 | €858 | €1,438 | +€579 | +67.5% |
| Tangible fixed assets | 22/27 | €858 | €1,438 | +€579 | +67.5% |
| Furniture and vehicles | 24 | €858 | €1,438 | +€579 | +67.5% |
| Current assets | 29/58 | €375,748 | €332,570 | -€43,178 | -11.5% |
| Amounts receivable within one year | 40/41 | €49,298 | €98,440 | +€49,142 | +99.7% |
| Trade receivables | 40 | €40,209 | €87,753 | +€47,544 | +118.2% |
| Other amounts receivable | 41 | €9,089 | €10,687 | +€1,598 | +17.6% |
| Cash at bank and in hand | 54/58 | €326,309 | €231,890 | -€94,419 | -28.9% |
| Deferred charges and accrued income | 490/1 | €141 | €2,240 | +€2,099 | +1486.1% |
| Total equity and liabilities | 10/49 | €376,606 | €334,008 | -€42,598 | -11.3% |
| Equity | 10/15 | €212,491 | €212,491 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,491 | €207,491 | = | 0.0% |
| Distributable reserves | 133 | €207,491 | €207,491 | = | 0.0% |
| Amounts payable | 17/49 | €164,115 | €121,517 | -€42,598 | -26.0% |
| Amounts payable within one year | 42/48 | €164,115 | €121,517 | -€42,598 | -26.0% |
| Trade debts | 44 | €4,788 | €4,904 | +€117 | +2.4% |
| Suppliers | 440/4 | €4,788 | €4,904 | +€117 | +2.4% |
| Taxes, remuneration and social security | 45 | €16,239 | €116,613 | +€100,374 | +618.1% |
| Taxes | 450/3 | €16,239 | €5,132 | -€11,107 | -68.4% |
| Remuneration and social security | 454/9 | - | €111,481 | +€111,481 | |
| Other amounts payable | 47/48 | €143,089 | - | -€143,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €366 | +€142 | +63.3% |
| Other operating charges | 640/8 | €516 | €531 | +€15 | +2.9% |
| Gross operating margin | 9900 | €186,767 | €143,154 | -€43,613 | -23.4% |
| Operating profit (loss) | 9901 | €186,026 | €142,257 | -€43,769 | -23.5% |
| Financial income | 75/76B | €256 | €655 | +€399 | +155.9% |
| Recurring financial income | 75 | €256 | €655 | +€399 | +155.9% |
| Financial charges | 65/66B | €1,284 | €138 | -€1,146 | -89.3% |
| Recurring financial charges | 65 | €1,284 | €138 | -€1,146 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €184,999 | €142,774 | -€42,224 | -22.8% |
| Income taxes | 67/77 | €41,910 | €31,293 | -€10,617 | -25.3% |
| Profit (loss) for the period | 9904 | €143,089 | €111,481 | -€31,608 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,089 | €111,481 | -€31,608 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.