JD 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.
JD LAW
Largest movements
- Receivables within one year +€12,756
up €12,756 (+138.3%), from €9,222 to €21,978
of which Trade receivables: +€6,782
- Cash +€2,710
up €2,710 (+12.3%), from €22,052 to €24,762
mainly Net result for the year (+€14,226) and Tax, wage and social debts (+€7,867)
- Tangible fixed assets -€2,474
down €2,474 (-7.7%), from €32,217 to €29,743
of which Land and buildings: -€1,413
- Reserves +€14,226
up €14,226 (+54.2%), from €26,233 to €40,458
- Tax, wage and social debts +€7,867
new in 2025: €7,867
- Other debts -€4,363
down €4,363 (-73.2%), from €5,964 to €1,601
- Debts after one year -€3,989
down €3,989 (-15.3%), from €26,146 to €22,157
- Gross operating margin -€12,408
down €12,408 (-34.8%), from €35,680 to €23,272
- Taxes -€3,157
down €3,157 (-41.6%), from €7,593 to €4,437
- Depreciation +€1,945
up €1,945 (+367.2%), from €530 to €2,474
- Financial charges +€808
up €808 (+181.1%), from €446 to €1,253
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 | €64,178 | €77,633 | +€13,455 | +21.0% |
| Fixed assets | 21/28 | €32,217 | €29,743 | -€2,474 | -7.7% |
| Tangible fixed assets | 22/27 | €32,217 | €29,743 | -€2,474 | -7.7% |
| Land and buildings | 22 | €29,483 | €28,070 | -€1,413 | -4.8% |
| Furniture and vehicles | 24 | €2,734 | €1,673 | -€1,061 | -38.8% |
| Current assets | 29/58 | €31,961 | €47,890 | +€15,929 | +49.8% |
| Amounts receivable within one year | 40/41 | €9,222 | €21,978 | +€12,756 | +138.3% |
| Trade receivables | 40 | €6,225 | €13,008 | +€6,782 | +108.9% |
| Other amounts receivable | 41 | €2,996 | €8,970 | +€5,974 | +199.4% |
| Cash at bank and in hand | 54/58 | €22,052 | €24,762 | +€2,710 | +12.3% |
| Deferred charges and accrued income | 490/1 | €688 | €1,151 | +€463 | +67.3% |
| Total equity and liabilities | 10/49 | €64,178 | €77,633 | +€13,455 | +21.0% |
| Equity | 10/15 | €27,433 | €41,658 | +€14,226 | +51.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €26,233 | €40,458 | +€14,226 | +54.2% |
| Distributable reserves | 133 | €26,233 | €40,458 | +€14,226 | +54.2% |
| Amounts payable | 17/49 | €36,746 | €35,975 | -€771 | -2.1% |
| Amounts payable after more than one year | 17 | €26,146 | €22,157 | -€3,989 | -15.3% |
| Financial debts | 170/4 | €26,146 | €22,157 | -€3,989 | -15.3% |
| Amounts payable within one year | 42/48 | €10,599 | €13,818 | +€3,219 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €3,854 | €3,989 | +€136 | +3.5% |
| Trade debts | 44 | €782 | €361 | -€421 | -53.9% |
| Suppliers | 440/4 | €782 | €361 | -€421 | -53.9% |
| Taxes, remuneration and social security | 45 | - | €7,867 | +€7,867 | |
| Taxes | 450/3 | - | €7,867 | +€7,867 | |
| Other amounts payable | 47/48 | €5,964 | €1,601 | -€4,363 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €2,474 | +€1,945 | +367.2% |
| Other operating charges | 640/8 | €885 | €891 | +€6 | +0.7% |
| Gross operating margin | 9900 | €35,680 | €23,272 | -€12,408 | -34.8% |
| Operating profit (loss) | 9901 | €34,266 | €19,907 | -€14,359 | -41.9% |
| Financial income | 75/76B | €6 | €9 | +€3 | +49.8% |
| Recurring financial income | 75 | €6 | €9 | +€3 | +49.8% |
| Financial charges | 65/66B | €446 | €1,253 | +€808 | +181.1% |
| Recurring financial charges | 65 | €446 | €1,253 | +€808 | +181.1% |
| Profit (loss) for the period before taxes | 9903 | €33,826 | €18,662 | -€15,164 | -44.8% |
| Income taxes | 67/77 | €7,593 | €4,437 | -€3,157 | -41.6% |
| Profit (loss) for the period | 9904 | €26,233 | €14,226 | -€12,007 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,233 | €14,226 | -€12,007 | -45.8% |
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 12 October 2026 via checked.be.