HM 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.
HM Law
Largest movements
- Receivables within one year +€11,071
up €11,071 (+36.7%), from €30,199 to €41,269
of which Trade receivables: +€8,720
- Cash +€9,140
up €9,140 (+13.4%), from €68,059 to €77,199
mainly Net result for the year (+€23,384) and Deferred charges and accrued income (+€146)
- Reserves +€22,000
up €22,000 (+28.9%), from €76,000 to €98,000
- Tax, wage and social debts -€2,503
down €2,503 (-16.2%), from €15,414 to €12,911
of which Taxes: -€2,503
- Gross operating margin -€68,806
down €68,806 (-70.4%), from €97,683 to €28,877
- Taxes -€13,691
down €13,691 (-69.2%), from €19,783 to €6,092
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 | €98,404 | €118,468 | +€20,064 | +20.4% |
| Current assets | 29/58 | €98,404 | €118,468 | +€20,064 | +20.4% |
| Amounts receivable within one year | 40/41 | €30,199 | €41,269 | +€11,071 | +36.7% |
| Trade receivables | 40 | - | €8,720 | +€8,720 | |
| Other amounts receivable | 41 | €30,199 | €32,550 | +€2,351 | +7.8% |
| Cash at bank and in hand | 54/58 | €68,059 | €77,199 | +€9,140 | +13.4% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100.0% |
| Total equity and liabilities | 10/49 | €98,404 | €118,468 | +€20,064 | +20.4% |
| Equity | 10/15 | €81,815 | €104,365 | +€22,551 | +27.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,000 | €98,000 | +€22,000 | +28.9% |
| Distributable reserves | 133 | €76,000 | €98,000 | +€22,000 | +28.9% |
| Profit (loss) carried forward | 14 | €815 | €1,365 | +€551 | +67.6% |
| Amounts payable | 17/49 | €16,590 | €14,103 | -€2,487 | -15.0% |
| Amounts payable within one year | 42/48 | €16,590 | €14,103 | -€2,487 | -15.0% |
| Trade debts | 44 | €342 | €359 | +€16 | +4.8% |
| Suppliers | 440/4 | €342 | €359 | +€16 | +4.8% |
| Taxes, remuneration and social security | 45 | €15,414 | €12,911 | -€2,503 | -16.2% |
| Taxes | 450/3 | €9,414 | €6,911 | -€2,503 | -26.6% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Other operating charges | 640/8 | €953 | €844 | -€110 | -11.5% |
| Gross operating margin | 9900 | €97,683 | €28,877 | -€68,806 | -70.4% |
| Operating profit (loss) | 9901 | €96,729 | €28,033 | -€68,697 | -71.0% |
| Financial income | 75/76B | €833 | €1,483 | +€651 | +78.1% |
| Recurring financial income | 75 | €833 | €1,483 | +€651 | +78.1% |
| Financial charges | 65/66B | €132 | €40 | -€91 | -69.3% |
| Recurring financial charges | 65 | €132 | €40 | -€91 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €97,431 | €29,476 | -€67,955 | -69.7% |
| Income taxes | 67/77 | €19,783 | €6,092 | -€13,691 | -69.2% |
| Profit (loss) for the period | 9904 | €77,648 | €23,384 | -€54,264 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,648 | €23,384 | -€54,264 | -69.9% |
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 11 October 2026 via checked.be.