GLLaw: 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.
GLLaw
Largest movements
- Cash +€65,365
up €65,365 (+44.0%), from €148,490 to €213,854
mainly Net result for the year (+€80,270) and Depreciation (+€3,032)
- Receivables within one year +€3,820
up €3,820 (+35.0%), from €10,916 to €14,736
of which Trade receivables: +€3,820
- Reserves +€80,270
up €80,270 (+46.5%), from €172,804 to €253,074
- Other debts -€9,125
down €9,125 (-18.1%), from €50,486 to €41,360
- Debts after one year -€7,328
down €7,328 (-15.3%), from €47,915 to €40,587
- Gross operating margin +€22,995
up €22,995 (+26.6%), from €86,471 to €109,466
- Taxes +€3,962
up €3,962 (+22.1%), from €17,936 to €21,897
- Financial charges +€3,243
up €3,243 (+713.6%), from €454 to €3,697
- Depreciation +€1,713
up €1,713 (+129.9%), from €1,319 to €3,032
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 | €299,089 | €364,141 | +€65,053 | +21.8% |
| Fixed assets | 21/28 | €74,729 | €71,697 | -€3,032 | -4.1% |
| Tangible fixed assets | 22/27 | €5,732 | €2,700 | -€3,032 | -52.9% |
| Furniture and vehicles | 24 | €5,732 | €2,700 | -€3,032 | -52.9% |
| Financial fixed assets | 28 | €68,997 | €68,997 | = | 0.0% |
| Current assets | 29/58 | €224,359 | €292,444 | +€68,085 | +30.3% |
| Amounts receivable within one year | 40/41 | €10,916 | €14,736 | +€3,820 | +35.0% |
| Trade receivables | 40 | €10,916 | €14,736 | +€3,820 | +35.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €148,490 | €213,854 | +€65,365 | +44.0% |
| Deferred charges and accrued income | 490/1 | €64,954 | €63,853 | -€1,100 | -1.7% |
| Total equity and liabilities | 10/49 | €299,089 | €364,141 | +€65,053 | +21.8% |
| Equity | 10/15 | €177,804 | €258,074 | +€80,270 | +45.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €172,804 | €253,074 | +€80,270 | +46.5% |
| Distributable reserves | 133 | €172,804 | €253,074 | +€80,270 | +46.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,284 | €106,067 | -€15,217 | -12.5% |
| Amounts payable after more than one year | 17 | €47,915 | €40,587 | -€7,328 | -15.3% |
| Financial debts | 170/4 | €47,915 | €40,587 | -€7,328 | -15.3% |
| Amounts payable within one year | 42/48 | €73,369 | €64,258 | -€9,112 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €7,085 | €7,328 | +€243 | +3.4% |
| Trade debts | 44 | €1,617 | €2,074 | +€458 | +28.3% |
| Suppliers | 440/4 | €1,617 | €2,074 | +€458 | +28.3% |
| Taxes, remuneration and social security | 45 | €14,182 | €13,495 | -€687 | -4.8% |
| Taxes | 450/3 | €14,182 | €13,495 | -€687 | -4.8% |
| Other amounts payable | 47/48 | €50,486 | €41,360 | -€9,125 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €1,223 | +€1,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,319 | €3,032 | +€1,713 | +129.9% |
| Other operating charges | 640/8 | €995 | €899 | -€97 | -9.7% |
| Gross operating margin | 9900 | €86,471 | €109,466 | +€22,995 | +26.6% |
| Operating profit (loss) | 9901 | €84,157 | €105,536 | +€21,379 | +25.4% |
| Financial income | 75/76B | €0 | €329 | +€329 | +547583.3% |
| Recurring financial income | 75 | €0 | €329 | +€329 | +547583.3% |
| Financial charges | 65/66B | €454 | €3,697 | +€3,243 | +713.6% |
| Recurring financial charges | 65 | €454 | €3,697 | +€3,243 | +713.6% |
| Profit (loss) for the period before taxes | 9903 | €83,703 | €102,167 | +€18,465 | +22.1% |
| Income taxes | 67/77 | €17,936 | €21,897 | +€3,962 | +22.1% |
| Profit (loss) for the period | 9904 | €65,767 | €80,270 | +€14,503 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,767 | €80,270 | +€14,503 | +22.1% |
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 9 October 2026 via checked.be.