JP 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.
JP Law
Largest movements
- Receivables within one year +€50,668
up €50,668 (+234%), from €21,665 to €72,333
of which Trade receivables: +€27,158
- Tangible fixed assets -€37,663
down €37,663 (-4.6%), from €821,987 to €784,324
of which Land and buildings: -€37,496
- Cash +€35,261
up €35,261 (+93.5%), from €37,718 to €72,979
mainly Net result for the year (+€131,952) and Other debts (+€89,225)
- Other debts +€89,225
up €89,225 (+122%), from €73,352 to €162,577
- Debts after one year -€42,825
down €42,825 (-6.2%), from €690,762 to €647,937
- Gross operating margin +€154,766
up €154,766 (+199%), from €77,754 to €232,520
- Taxes +€35,041
up €35,041 (+818%), from €4,284 to €39,325
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
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 | €885,162 | €935,038 | +€49,875 | +5.6% |
| Fixed assets | 21/28 | €825,747 | €788,084 | -€37,663 | -4.6% |
| Tangible fixed assets | 22/27 | €821,987 | €784,324 | -€37,663 | -4.6% |
| Land and buildings | 22 | €813,553 | €776,057 | -€37,496 | -4.6% |
| Furniture and vehicles | 24 | €3,586 | €4,240 | +€654 | +18.2% |
| Other tangible fixed assets | 26 | €4,849 | €4,027 | -€822 | -17.0% |
| Financial fixed assets | 28 | €3,760 | €3,760 | = | 0.0% |
| Current assets | 29/58 | €59,415 | €146,954 | +€87,539 | +147% |
| Amounts receivable within one year | 40/41 | €21,665 | €72,333 | +€50,668 | +234% |
| Trade receivables | 40 | €8,416 | €35,575 | +€27,158 | +323% |
| Other amounts receivable | 41 | €13,249 | €36,759 | +€23,510 | +177% |
| Cash at bank and in hand | 54/58 | €37,718 | €72,979 | +€35,261 | +93.5% |
| Deferred charges and accrued income | 490/1 | €32 | €1,642 | +€1,610 | +5,020% |
| Total equity and liabilities | 10/49 | €885,162 | €935,038 | +€49,875 | +5.6% |
| Equity | 10/15 | €71,369 | €71,321 | -€48 | -0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €51,855 | €51,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €964 | €916 | -€48 | -4.9% |
| Amounts payable | 17/49 | €813,794 | €863,717 | +€49,923 | +6.1% |
| Amounts payable after more than one year | 17 | €690,762 | €647,937 | -€42,825 | -6.2% |
| Financial debts | 170/4 | €690,762 | €647,937 | -€42,825 | -6.2% |
| Amounts payable within one year | 42/48 | €123,032 | €215,779 | +€92,748 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €41,878 | €42,842 | +€965 | +2.3% |
| Trade debts | 44 | €2,302 | €1,812 | -€490 | -21.3% |
| Suppliers | 440/4 | €2,302 | €1,812 | -€490 | -21.3% |
| Taxes, remuneration and social security | 45 | €5,501 | €8,548 | +€3,048 | +55.4% |
| Taxes | 450/3 | €4,201 | €8,548 | +€4,348 | +104% |
| Remuneration and social security | 454/9 | €1,300 | €0 | -€1,300 | -100% |
| Other amounts payable | 47/48 | €73,352 | €162,577 | +€89,225 | +122% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,332 | €0 | -€1,332 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,346 | €39,279 | -€1,067 | -2.6% |
| Other operating charges | 640/8 | €2,764 | €2,147 | -€618 | -22.3% |
| Gross operating margin | 9900 | €77,754 | €232,520 | +€154,766 | +199% |
| Operating profit (loss) | 9901 | €34,644 | €191,094 | +€156,450 | +452% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €21,724 | €19,817 | -€1,907 | -8.8% |
| Recurring financial charges | 65 | €21,724 | €19,817 | -€1,907 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €12,944 | €171,277 | +€158,333 | +1,223% |
| Income taxes | 67/77 | €4,284 | €39,325 | +€35,041 | +818% |
| Profit (loss) for the period | 9904 | €8,660 | €131,952 | +€123,292 | +1,424% |
| Profit (loss) for the period to be appropriated | 9905 | €8,660 | €131,952 | +€123,292 | +1,424% |
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 23 October 2026 via checked.be.