EQ 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.
EQ Law
Largest movements
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€13,418
down €13,418 (-26.6%), from €50,351 to €36,933
of which Furniture and vehicles: -€10,465
- Cash +€7,629
up €7,629 (+9.4%), from €81,377 to €89,006
mainly Net result for the year (+€57,791) and Current investments (+€15,000)
- Receivables within one year -€4,222
down €4,222 (-30.8%), from €13,722 to €9,500
of which Trade receivables: -€5,000
- Deferred charges and accrued income -€1,669
no longer reported in 2025 (was €1,669)
- Reserves -€32,209
down €32,209 (-26.3%), from €122,390 to €90,181
- Tax, wage and social debts +€12,622
up €12,622 (+121%), from €10,441 to €23,063
- Debts after one year -€8,310
down €8,310 (-46.9%), from €17,730 to €9,420
- Financial income +€3,021
up €3,021 (+464,700%), from €1 to €3,021
- Gross operating margin -€1,883
down €1,883 (-2.2%), from €86,955 to €85,072
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 | €162,119 | €135,439 | -€26,680 | -16.5% |
| Fixed assets | 21/28 | €50,351 | €36,933 | -€13,418 | -26.6% |
| Tangible fixed assets | 22/27 | €50,351 | €36,933 | -€13,418 | -26.6% |
| Plant, machinery and equipment | 23 | €1,616 | €1,404 | -€212 | -13.1% |
| Furniture and vehicles | 24 | €32,165 | €21,700 | -€10,465 | -32.5% |
| Other tangible fixed assets | 26 | €16,570 | €13,829 | -€2,742 | -16.5% |
| Current assets | 29/58 | €111,768 | €98,506 | -€13,262 | -11.9% |
| Amounts receivable within one year | 40/41 | €13,722 | €9,500 | -€4,222 | -30.8% |
| Trade receivables | 40 | €12,500 | €7,500 | -€5,000 | -40.0% |
| Other amounts receivable | 41 | €1,222 | €2,000 | +€778 | +63.6% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €81,377 | €89,006 | +€7,629 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,669 | - | -€1,669 | |
| Total equity and liabilities | 10/49 | €162,119 | €135,439 | -€26,680 | -16.5% |
| Equity | 10/15 | €123,390 | €91,181 | -€32,209 | -26.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €122,390 | €90,181 | -€32,209 | -26.3% |
| Distributable reserves | 133 | €122,390 | €90,181 | -€32,209 | -26.3% |
| Amounts payable | 17/49 | €38,729 | €44,258 | +€5,529 | +14.3% |
| Amounts payable after more than one year | 17 | €17,730 | €9,420 | -€8,310 | -46.9% |
| Financial debts | 170/4 | €17,730 | €9,420 | -€8,310 | -46.9% |
| Amounts payable within one year | 42/48 | €20,298 | €34,137 | +€13,839 | +68.2% |
| Current portion of amounts payable after more than one year | 42 | €7,956 | €8,310 | +€354 | +4.4% |
| Trade debts | 44 | €22 | €848 | +€825 | +3,682% |
| Suppliers | 440/4 | €22 | €848 | +€825 | +3,682% |
| Taxes, remuneration and social security | 45 | €10,441 | €23,063 | +€12,622 | +121% |
| Taxes | 450/3 | €10,441 | €23,063 | +€12,622 | +121% |
| Other amounts payable | 47/48 | €1,878 | €1,916 | +€38 | +2.0% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,893 | €13,418 | +€525 | +4.1% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €86,955 | €85,072 | -€1,883 | -2.2% |
| Operating profit (loss) | 9901 | €73,943 | €71,134 | -€2,809 | -3.8% |
| Financial income | 75/76B | €1 | €3,021 | +€3,021 | +464,700% |
| Recurring financial income | 75 | €1 | €3,021 | +€3,021 | +464,700% |
| Financial charges | 65/66B | €1,471 | €1,133 | -€338 | -23.0% |
| Recurring financial charges | 65 | €1,471 | €1,133 | -€338 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €72,473 | €73,022 | +€550 | +0.8% |
| Income taxes | 67/77 | €14,678 | €15,232 | +€554 | +3.8% |
| Profit (loss) for the period | 9904 | €57,795 | €57,791 | -€4 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,795 | €57,791 | -€4 | 0.0% |
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 16 October 2026 via checked.be.