Just 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.
Just Law
Largest movements
- Cash +€10,177
up €10,177 (+220%), from €4,630 to €14,807
mainly Net result for the year (+€17,469) and Depreciation (+€12,424)
- Tangible fixed assets -€10,029
down €10,029 (-5.4%), from €184,417 to €174,388
of which Land and buildings: -€8,988
- Receivables within one year +€6,628
up €6,628 (+26.7%), from €24,785 to €31,413
of which Trade receivables: +€9,554
- Deferred charges and accrued income +€2,800
up €2,800 (+58.3%), from €4,800 to €7,600
- Profit (loss) carried forward +€15,469
up €15,469 (+4,800%), from €322 to €15,791
- Debts after one year -€12,912
down €12,912 (-7.5%), from €172,585 to €159,673
- Trade debts +€4,757
up €4,757 (+404%), from €1,177 to €5,934
- Tax, wage and social debts +€3,413
up €3,413 (+75.7%), from €4,506 to €7,919
of which Remuneration and social security: +€2,000
- Gross operating margin +€21,395
up €21,395 (+86.1%), from €24,851 to €46,246
- Taxes +€4,866
up €4,866 (+1,266%), from €384 to €5,251
- Other operating charges -€1,710
down €1,710 (-33.2%), from €5,152 to €3,442
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 | €218,797 | €228,540 | +€9,743 | +4.5% |
| Fixed assets | 21/28 | €184,582 | €174,720 | -€9,863 | -5.3% |
| Tangible fixed assets | 22/27 | €184,417 | €174,388 | -€10,029 | -5.4% |
| Land and buildings | 22 | €177,283 | €168,295 | -€8,988 | -5.1% |
| Plant, machinery and equipment | 23 | €4,658 | €3,536 | -€1,121 | -24.1% |
| Furniture and vehicles | 24 | €2,477 | €2,557 | +€80 | +3.2% |
| Financial fixed assets | 28 | €165 | €331 | +€166 | +101% |
| Current assets | 29/58 | €34,215 | €53,820 | +€19,606 | +57.3% |
| Amounts receivable within one year | 40/41 | €24,785 | €31,413 | +€6,628 | +26.7% |
| Trade receivables | 40 | €21,329 | €30,883 | +€9,554 | +44.8% |
| Other amounts receivable | 41 | €3,456 | €530 | -€2,926 | -84.7% |
| Cash at bank and in hand | 54/58 | €4,630 | €14,807 | +€10,177 | +220% |
| Deferred charges and accrued income | 490/1 | €4,800 | €7,600 | +€2,800 | +58.3% |
| Total equity and liabilities | 10/49 | €218,797 | €228,540 | +€9,743 | +4.5% |
| Equity | 10/15 | €14,122 | €29,591 | +€15,469 | +110% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322 | €15,791 | +€15,469 | +4,800% |
| Amounts payable | 17/49 | €204,675 | €198,949 | -€5,726 | -2.8% |
| Amounts payable after more than one year | 17 | €172,585 | €159,673 | -€12,912 | -7.5% |
| Financial debts | 170/4 | €172,585 | €159,673 | -€12,912 | -7.5% |
| Amounts payable within one year | 42/48 | €32,090 | €39,276 | +€7,186 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €14,169 | €12,912 | -€1,257 | -8.9% |
| Trade debts | 44 | €1,177 | €5,934 | +€4,757 | +404% |
| Suppliers | 440/4 | €1,177 | €5,934 | +€4,757 | +404% |
| Advances received on contracts in progress | 46 | €6,469 | €6,767 | +€297 | +4.6% |
| Taxes, remuneration and social security | 45 | €4,506 | €7,919 | +€3,413 | +75.7% |
| Taxes | 450/3 | €4,506 | €5,919 | +€1,413 | +31.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €5,768 | €5,744 | -€24 | -0.4% |
| Non-recurring operating income | 76A | €4,546 | - | -€4,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,630 | €12,424 | -€206 | -1.6% |
| Other operating charges | 640/8 | €5,152 | €3,442 | -€1,710 | -33.2% |
| Non-recurring operating charges | 66A | €301 | €507 | +€206 | +68.6% |
| Gross operating margin | 9900 | €24,851 | €46,246 | +€21,395 | +86.1% |
| Operating profit (loss) | 9901 | €6,768 | €29,874 | +€23,105 | +341% |
| Financial income | 75/76B | €38 | €92 | +€55 | +146% |
| Recurring financial income | 75 | €38 | €92 | +€55 | +146% |
| Financial charges | 65/66B | €7,699 | €7,246 | -€453 | -5.9% |
| Recurring financial charges | 65 | €7,699 | €7,246 | -€453 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€893 | €22,720 | +€23,613 | |
| Income taxes | 67/77 | €384 | €5,251 | +€4,866 | +1,266% |
| Profit (loss) for the period | 9904 | -€1,278 | €17,469 | +€18,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,278 | €17,469 | +€18,746 |
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 15 October 2026 via checked.be.