G.E. - 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.
G.E. - LAW
Largest movements
- Financial fixed assets -€713,000
down €713,000 (-99.7%), from €715,500 to €2,500
- Tangible fixed assets +€454,239
up €454,239 (+26.6%), from €1.7m to €2.2m
of which Land and buildings: +€505,502
- Cash +€426,068
up €426,068 (+1322.5%), from €32,217 to €458,285
mainly Net result for the year (+€912,910) and Provisions (+€212,712)
- Receivables within one year +€50,151
up €50,151 (+817.7%), from €6,133 to €56,284
of which Other amounts receivable: +€51,576
- Reserves +€638,135
up €638,135 (+159.5%), from €400,114 to €1.0m
of which Tax-exempt reserves: +€638,135
- Other debts -€637,654
down €637,654 (-71.8%), from €888,138 to €250,484
- Profit (loss) carried forward +€274,775
up €274,775 (+129.0%), from €212,971 to €487,746
- Debts after one year -€239,005
down €239,005 (-39.8%), from €600,829 to €361,824
- Provisions +€212,712
up €212,712 (+222.6%), from €95,563 to €308,274
- Gross operating margin +€512,172
up €512,172 (+133.7%), from €383,138 to €895,310
- Financial income +€399,390
up €399,390 (+1343389.2%), from €30 to €399,419
- Financial charges -€45,675
down €45,675 (-63.9%), from €71,479 to €25,804
- Depreciation +€18,001
up €18,001 (+16.4%), from €109,945 to €127,946
- Taxes -€16,615
down €16,615 (-99.7%), from €16,668 to €53
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 | €2,465,058 | €2,681,739 | +€216,681 | +8.8% |
| Fixed assets | 21/28 | €2,422,376 | €2,163,615 | -€258,761 | -10.7% |
| Tangible fixed assets | 22/27 | €1,706,876 | €2,161,115 | +€454,239 | +26.6% |
| Land and buildings | 22 | €1,647,749 | €2,153,251 | +€505,502 | +30.7% |
| Plant, machinery and equipment | 23 | - | €2,496 | +€2,496 | |
| Furniture and vehicles | 24 | €51,970 | - | -€51,970 | |
| Other tangible fixed assets | 26 | €7,158 | €5,368 | -€1,789 | -25.0% |
| Financial fixed assets | 28 | €715,500 | €2,500 | -€713,000 | -99.7% |
| Current assets | 29/58 | €42,682 | €518,124 | +€475,442 | +1113.9% |
| Amounts receivable within one year | 40/41 | €6,133 | €56,284 | +€50,151 | +817.7% |
| Trade receivables | 40 | €1,425 | - | -€1,425 | |
| Other amounts receivable | 41 | €4,709 | €56,284 | +€51,576 | +1095.3% |
| Cash at bank and in hand | 54/58 | €32,217 | €458,285 | +€426,068 | +1322.5% |
| Deferred charges and accrued income | 490/1 | €4,331 | €3,554 | -€777 | -17.9% |
| Total equity and liabilities | 10/49 | €2,465,058 | €2,681,739 | +€216,681 | +8.8% |
| Equity | 10/15 | €763,085 | €1,675,995 | +€912,910 | +119.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €400,114 | €1,038,249 | +€638,135 | +159.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €235,114 | €873,249 | +€638,135 | +271.4% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,971 | €487,746 | +€274,775 | +129.0% |
| Provisions and deferred taxes | 16 | €95,563 | €308,274 | +€212,712 | +222.6% |
| Deferred taxes | 168 | €95,563 | €308,274 | +€212,712 | +222.6% |
| Amounts payable | 17/49 | €1,606,411 | €697,470 | -€908,941 | -56.6% |
| Amounts payable after more than one year | 17 | €600,829 | €361,824 | -€239,005 | -39.8% |
| Financial debts | 170/4 | €600,829 | €361,824 | -€239,005 | -39.8% |
| Amounts payable within one year | 42/48 | €984,339 | €335,646 | -€648,693 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €74,933 | €69,005 | -€5,928 | -7.9% |
| Trade debts | 44 | €5,134 | €5,213 | +€78 | +1.5% |
| Suppliers | 440/4 | €5,134 | €5,213 | +€78 | +1.5% |
| Taxes, remuneration and social security | 45 | €16,134 | €10,945 | -€5,189 | -32.2% |
| Taxes | 450/3 | €16,134 | €10,945 | -€5,189 | -32.2% |
| Other amounts payable | 47/48 | €888,138 | €250,484 | -€637,654 | -71.8% |
| Accrued charges and deferred income | 492/3 | €21,243 | - | -€21,243 | |
| Non-recurring operating income | 76A | €162,228 | €898,676 | +€736,448 | +454.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,945 | €127,946 | +€18,001 | +16.4% |
| Other operating charges | 640/8 | €6,629 | €5,220 | -€1,409 | -21.3% |
| Non-recurring operating charges | 66A | - | €10,086 | +€10,086 | |
| Gross operating margin | 9900 | €383,138 | €895,310 | +€512,172 | +133.7% |
| Operating profit (loss) | 9901 | €266,564 | €752,059 | +€485,495 | +182.1% |
| Financial income | 75/76B | €30 | €399,419 | +€399,390 | +1343389.2% |
| Recurring financial income | 75 | €30 | €399,419 | +€399,390 | +1343389.2% |
| Financial charges | 65/66B | €71,479 | €25,804 | -€45,675 | -63.9% |
| Recurring financial charges | 65 | €71,479 | €25,804 | -€45,675 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €195,114 | €1,125,675 | +€930,560 | +476.9% |
| Transfer from deferred taxes | 780 | €2,991 | €11,867 | +€8,876 | +296.8% |
| Transfer to deferred taxes | 680 | €40,557 | €224,578 | +€184,021 | +453.7% |
| Income taxes | 67/77 | €16,668 | €53 | -€16,615 | -99.7% |
| Profit (loss) for the period | 9904 | €140,880 | €912,910 | +€772,029 | +548.0% |
| Transfer from tax-exempt reserves | 789 | €8,973 | €35,600 | +€26,627 | +296.8% |
| Transfer to tax-exempt reserves | 689 | €121,671 | €673,735 | +€552,064 | +453.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,183 | €274,775 | +€246,593 | +875.0% |
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 5 October 2026 via checked.be.