FEB LAW: what changed
Two fiscal 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.
FEB LAW
Largest movements
- Cash -€44,102
down €44,102 (-95.0%), from €46,403 to €2,302
mainly Trade debts (-€61,684) and Net result for the year (-€21,969)
- Receivables within one year -€28,127
down €28,127 (-47.1%), from €59,671 to €31,544
of which Trade receivables: -€27,495
- Trade debts -€61,684
down €61,684 (-91.5%), from €67,394 to €5,711
of which Bills of exchange payable: -€56,138
- Profit (loss) carried forward -€22,157
down €22,157 (-97.3%), from €22,783 to €626
- Other debts +€8,057
up €8,057 (+354.1%), from €2,275 to €10,332
- Tax, wage and social debts +€3,514
up €3,514 (+25.8%), from €13,645 to €17,159
- Gross operating margin -€54,375
down €54,375, from €36,831 to -€17,544
- Taxes -€10,831
down €10,831 (-98.1%), from €11,045 to €213
- Other operating charges +€987
up €987 (+83.2%), from €1,186 to €2,174
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 | €108,098 | €35,828 | -€72,270 | -66.9% |
| Fixed assets | 21/28 | €690 | €357 | -€333 | -48.3% |
| Tangible fixed assets | 22/27 | €690 | €357 | -€333 | -48.3% |
| Furniture and vehicles | 24 | €690 | €357 | -€333 | -48.3% |
| Current assets | 29/58 | €107,408 | €35,471 | -€71,936 | -67.0% |
| Amounts receivable within one year | 40/41 | €59,671 | €31,544 | -€28,127 | -47.1% |
| Trade receivables | 40 | €59,039 | €31,544 | -€27,495 | -46.6% |
| Other amounts receivable | 41 | €632 | €0 | -€632 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,403 | €2,302 | -€44,102 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,625 | +€292 | +21.9% |
| Total equity and liabilities | 10/49 | €108,098 | €35,828 | -€72,270 | -66.9% |
| Equity | 10/15 | €24,783 | €2,626 | -€22,157 | -89.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,783 | €626 | -€22,157 | -97.3% |
| Amounts payable | 17/49 | €83,314 | €33,202 | -€50,112 | -60.1% |
| Amounts payable within one year | 42/48 | €83,314 | €33,202 | -€50,112 | -60.1% |
| Trade debts | 44 | €67,394 | €5,711 | -€61,684 | -91.5% |
| Suppliers | 440/4 | €7,318 | €1,772 | -€5,546 | -75.8% |
| Bills of exchange payable | 441 | €60,077 | €3,939 | -€56,138 | -93.4% |
| Taxes, remuneration and social security | 45 | €13,645 | €17,159 | +€3,514 | +25.8% |
| Taxes | 450/3 | €13,645 | €17,159 | +€3,514 | +25.8% |
| Other amounts payable | 47/48 | €2,275 | €10,332 | +€8,057 | +354.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €333 | +€24 | +7.8% |
| Other operating charges | 640/8 | €1,186 | €2,174 | +€987 | +83.2% |
| Gross operating margin | 9900 | €36,831 | -€17,544 | -€54,375 | |
| Operating profit (loss) | 9901 | €35,335 | -€20,051 | -€55,386 | |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €1,507 | €1,782 | +€275 | +18.2% |
| Recurring financial charges | 65 | €1,507 | €1,782 | +€275 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €33,828 | -€21,756 | -€55,584 | |
| Income taxes | 67/77 | €11,045 | €213 | -€10,831 | -98.1% |
| Profit (loss) for the period | 9904 | €22,783 | -€21,969 | -€44,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,783 | -€21,969 | -€44,753 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.