G-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.
G-LAW
Largest movements
- Receivables within one year +€32,797
up €32,797 (+87.7%), from €37,411 to €70,207
of which Other amounts receivable: +€26,536
- Cash +€9,195
up €9,195 (+1,092%), from €842 to €10,037
mainly Net result for the year (+€25,566) and Tax, wage and social debts (+€9,966)
- Profit (loss) carried forward +€25,566
new in 2025: €25,566
- Tax, wage and social debts +€9,966
up €9,966 (+63.5%), from €15,697 to €25,664
of which Taxes: +€9,916
- Trade debts +€6,987
up €6,987 (+240%), from €2,910 to €9,897
- Staff costs +€26,840
new in 2025: €26,840
- Gross operating margin +€16,521
up €16,521 (+30.8%), from €53,698 to €70,219
- Taxes -€4,379
down €4,379 (-37.8%), from €11,579 to €7,200
- Depreciation +€1,805
up €1,805 (+75.3%), from €2,397 to €4,202
- Financial charges +€1,758
up €1,758 (+46.9%), from €3,745 to €5,502
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 | €56,139 | €98,658 | +€42,520 | +75.7% |
| Fixed assets | 21/28 | €12,623 | €13,150 | +€528 | +4.2% |
| Tangible fixed assets | 22/27 | €11,833 | €12,360 | +€528 | +4.5% |
| Plant, machinery and equipment | 23 | €5,270 | €3,079 | -€2,191 | -41.6% |
| Furniture and vehicles | 24 | €5,459 | €6,526 | +€1,068 | +19.6% |
| Other tangible fixed assets | 26 | €1,104 | €2,755 | +€1,651 | +150% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €43,516 | €85,508 | +€41,992 | +96.5% |
| Amounts receivable within one year | 40/41 | €37,411 | €70,207 | +€32,797 | +87.7% |
| Trade receivables | 40 | €15,542 | €21,802 | +€6,260 | +40.3% |
| Other amounts receivable | 41 | €21,869 | €48,406 | +€26,536 | +121% |
| Cash at bank and in hand | 54/58 | €842 | €10,037 | +€9,195 | +1,092% |
| Deferred charges and accrued income | 490/1 | €5,264 | €5,264 | = | 0.0% |
| Total equity and liabilities | 10/49 | €56,139 | €98,658 | +€42,520 | +75.7% |
| Equity | 10/15 | €37,144 | €62,710 | +€25,566 | +68.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €35,144 | €35,144 | = | 0.0% |
| Distributable reserves | 133 | €35,144 | €35,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,566 | +€25,566 | |
| Amounts payable | 17/49 | €18,995 | €35,948 | +€16,954 | +89.3% |
| Amounts payable within one year | 42/48 | €18,607 | €35,561 | +€16,954 | +91.1% |
| Trade debts | 44 | €2,910 | €9,897 | +€6,987 | +240% |
| Suppliers | 440/4 | €2,910 | €9,897 | +€6,987 | +240% |
| Taxes, remuneration and social security | 45 | €15,697 | €25,664 | +€9,966 | +63.5% |
| Taxes | 450/3 | €15,697 | €25,614 | +€9,916 | +63.2% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €26,840 | +€26,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,397 | €4,202 | +€1,805 | +75.3% |
| Other operating charges | 640/8 | €1,216 | €908 | -€308 | -25.4% |
| Gross operating margin | 9900 | €53,698 | €70,219 | +€16,521 | +30.8% |
| Operating profit (loss) | 9901 | €50,085 | €38,268 | -€11,816 | -23.6% |
| Financial income | 75/76B | €383 | - | -€383 | |
| Recurring financial income | 75 | €383 | - | -€383 | |
| Financial charges | 65/66B | €3,745 | €5,502 | +€1,758 | +46.9% |
| Recurring financial charges | 65 | €3,745 | €5,502 | +€1,758 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €46,723 | €32,766 | -€13,958 | -29.9% |
| Income taxes | 67/77 | €11,579 | €7,200 | -€4,379 | -37.8% |
| Profit (loss) for the period | 9904 | €35,144 | €25,566 | -€9,578 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,144 | €25,566 | -€9,578 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.