JC 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.
JC LAW
Largest movements
- Receivables within one year -€49,315
down €49,315 (-30.9%), from €159,770 to €110,455
of which Trade receivables: -€72,421
- Deferred charges and accrued income -€3,188
down €3,188 (-92.8%), from €3,434 to €247
- Profit (loss) carried forward -€32,055
down €32,055 (-35.1%), from €91,404 to €59,349
- Trade debts -€15,598
down €15,598 (-55.2%), from €28,252 to €12,654
- Other debts +€10,000
new in 2025: €10,000
- Debts after one year -€9,868
down €9,868 (-34.9%), from €28,305 to €18,437
- Current portion of long-term debt -€7,835
down €7,835 (-44.3%), from €17,703 to €9,868
- Gross operating margin -€57,368
down €57,368, from €56,729 to -€639
- Taxes -€11,530
down €11,530 (-88.1%), from €13,088 to €1,558
- Financial income +€3,512
up €3,512 (+305%), from €1,150 to €4,662
of which Financial income: +€3,762
- Other operating charges -€3,122
down €3,122 (-88.6%), from €3,522 to €400
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,621 | €132,816 | -€53,804 | -28.8% |
| Fixed assets | 21/28 | €23,417 | €22,115 | -€1,302 | -5.6% |
| Tangible fixed assets | 22/27 | €3,417 | €2,115 | -€1,302 | -38.1% |
| Furniture and vehicles | 24 | €3,417 | €2,115 | -€1,302 | -38.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €163,204 | €110,702 | -€52,502 | -32.2% |
| Amounts receivable within one year | 40/41 | €159,770 | €110,455 | -€49,315 | -30.9% |
| Trade receivables | 40 | €82,860 | €10,439 | -€72,421 | -87.4% |
| Other amounts receivable | 41 | €76,910 | €100,016 | +€23,106 | +30.0% |
| Deferred charges and accrued income | 490/1 | €3,434 | €247 | -€3,188 | -92.8% |
| Total equity and liabilities | 10/49 | €186,621 | €132,816 | -€53,804 | -28.8% |
| Equity | 10/15 | €93,904 | €61,849 | -€32,055 | -34.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,404 | €59,349 | -€32,055 | -35.1% |
| Amounts payable | 17/49 | €92,717 | €70,967 | -€21,749 | -23.5% |
| Amounts payable after more than one year | 17 | €28,305 | €18,437 | -€9,868 | -34.9% |
| Financial debts | 170/4 | €28,305 | €18,437 | -€9,868 | -34.9% |
| Amounts payable within one year | 42/48 | €64,411 | €52,530 | -€11,881 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €17,703 | €9,868 | -€7,835 | -44.3% |
| Financial debts | 43 | €788 | €4,581 | +€3,793 | +481% |
| Credit institutions | 430/8 | €788 | €4,581 | +€3,793 | +481% |
| Trade debts | 44 | €28,252 | €12,654 | -€15,598 | -55.2% |
| Suppliers | 440/4 | €28,252 | €12,654 | -€15,598 | -55.2% |
| Advances received on contracts in progress | 46 | €7,852 | €3,813 | -€4,039 | -51.4% |
| Taxes, remuneration and social security | 45 | €9,816 | €11,614 | +€1,798 | +18.3% |
| Taxes | 450/3 | €9,088 | €9,979 | +€891 | +9.8% |
| Remuneration and social security | 454/9 | €728 | €1,635 | +€907 | +125% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | €106 | - | -€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,302 | €1,302 | = | 0.0% |
| Other operating charges | 640/8 | €3,522 | €400 | -€3,122 | -88.6% |
| Gross operating margin | 9900 | €56,729 | -€639 | -€57,368 | |
| Operating profit (loss) | 9901 | €51,906 | -€2,340 | -€54,246 | |
| Financial income | 75/76B | €1,150 | €4,662 | +€3,512 | +305% |
| Recurring financial income | 75 | €900 | €4,662 | +€3,762 | +418% |
| Non-recurring financial income | 76B | €250 | - | -€250 | |
| Financial charges | 65/66B | €2,546 | €2,819 | +€272 | +10.7% |
| Recurring financial charges | 65 | €2,546 | €2,819 | +€272 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €50,509 | -€497 | -€51,006 | |
| Income taxes | 67/77 | €13,088 | €1,558 | -€11,530 | -88.1% |
| Profit (loss) for the period | 9904 | €37,421 | -€2,055 | -€39,476 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,421 | -€2,055 | -€39,476 |
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 19 October 2026 via checked.be.