GSLaw: 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.
GSLaw
Largest movements
- Current investments +€19,500
new in 2025: €19,500
- Receivables within one year -€9,828
down €9,828 (-99.8%), from €9,847 to €19
of which Trade receivables: -€9,847
- Cash +€7,753
up €7,753 (+68.0%), from €11,402 to €19,155
mainly Net result for the year (+€15,419) and Receivables within one year (+€9,828)
- Tangible fixed assets +€2,199
new in 2025: €2,199
- Profit (loss) carried forward +€15,419
up €15,419 (+113.3%), from €13,610 to €29,029
- Tax, wage and social debts +€4,168
up €4,168 (+78.6%), from €5,305 to €9,472
- Gross operating margin +€2,693
up €2,693 (+14.6%), from €18,492 to €21,185
- Taxes +€505
up €505 (+13.0%), from €3,901 to €4,407
- Depreciation +€321
new in 2025: €321
- Other operating charges +€244
up €244 (+113.4%), from €215 to €460
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 | €21,695 | €41,350 | +€19,655 | +90.6% |
| Fixed assets | 21/28 | €225 | €2,424 | +€2,199 | +977.1% |
| Tangible fixed assets | 22/27 | - | €2,199 | +€2,199 | |
| Furniture and vehicles | 24 | - | €2,199 | +€2,199 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €21,470 | €38,926 | +€17,456 | +81.3% |
| Amounts receivable within one year | 40/41 | €9,847 | €19 | -€9,828 | -99.8% |
| Trade receivables | 40 | €9,847 | €0 | -€9,847 | -100.0% |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Current investments | 50/53 | - | €19,500 | +€19,500 | |
| Cash at bank and in hand | 54/58 | €11,402 | €19,155 | +€7,753 | +68.0% |
| Deferred charges and accrued income | 490/1 | €221 | €252 | +€31 | +14.1% |
| Total equity and liabilities | 10/49 | €21,695 | €41,350 | +€19,655 | +90.6% |
| Equity | 10/15 | €16,110 | €31,529 | +€15,419 | +95.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,610 | €29,029 | +€15,419 | +113.3% |
| Amounts payable | 17/49 | €5,586 | €9,821 | +€4,235 | +75.8% |
| Amounts payable within one year | 42/48 | €5,586 | €9,821 | +€4,235 | +75.8% |
| Trade debts | 44 | - | €58 | +€58 | |
| Suppliers | 440/4 | - | €58 | +€58 | |
| Taxes, remuneration and social security | 45 | €5,305 | €9,472 | +€4,168 | +78.6% |
| Taxes | 450/3 | €5,305 | €9,472 | +€4,168 | +78.6% |
| Other amounts payable | 47/48 | €281 | €291 | +€10 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €321 | +€321 | |
| Other operating charges | 640/8 | €215 | €460 | +€244 | +113.4% |
| Gross operating margin | 9900 | €18,492 | €21,185 | +€2,693 | +14.6% |
| Operating profit (loss) | 9901 | €18,276 | €20,404 | +€2,128 | +11.6% |
| Financial income | 75/76B | €2 | €5 | +€3 | +121.9% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +121.9% |
| Financial charges | 65/66B | €767 | €584 | -€184 | -23.9% |
| Recurring financial charges | 65 | €767 | €584 | -€184 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €17,511 | €19,826 | +€2,315 | +13.2% |
| Income taxes | 67/77 | €3,901 | €4,407 | +€505 | +13.0% |
| Profit (loss) for the period | 9904 | €13,610 | €15,419 | +€1,809 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,610 | €15,419 | +€1,809 | +13.3% |
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 7 October 2026 via checked.be.