KABALAW: what changed
Two fiscal 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.
What changed
KABALAW
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€228,968
2024 · €188,299+€40,669
Equity
€359,942
2024 · €368,974-€9,032
Cash
€154,766
2024 · €15,952+€138,814
Balance sheet total
€948,027
2024 · €1.1m-€192,776
Largest movements
Assets
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€138,814
up €138,814 (+870.2%), from €15,952 to €154,766
mainly Current investments (+€300,000) and Net result for the year (+€228,968)
- Receivables within one year -€35,263
down €35,263 (-11.7%), from €300,782 to €265,519
of which Trade receivables: -€27,736
Equity and liabilities
- Other debts -€119,489
down €119,489 (-30.3%), from €393,753 to €274,264
- Debts after one year -€67,378
no longer reported in 2025 (was €67,378)
Income statement
- Financial income +€40,932
up €40,932 (+373.3%), from €10,965 to €51,897
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.
Result 2024
€188,299
Gross operating margin
+€1,339
Depreciation
+€195
Other operating charges
+€2
Other operating items
-€3
Financial income
+€40,932
Financial charges
-€1,883
Taxes
+€85
Result 2025
€228,968
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.
From operations
+€143,180
Investment
+€300,000
Financing
-€304,365
Cash 2024
€15,952
From operations (derived)
+€143,180
Net result for the year
+€228,968
Depreciation
+€1,752
Receivables within one year
+€35,263
Deferred charges and accrued income
-€5,426
Provisions
+€4,035
Trade debts
+€11
Tax, wage and social debts
-€1,934
Other debts
-€119,489
Investment (derived)
+€300,000
Current investments
+€300,000
Financing
-€304,365
Debts after one year
-€67,378
Current portion of long-term debt
+€1,013
Contributions, distributions and other
-€238,000
Cash 2025
€154,766
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,803 | €948,027 | -€192,776 | -16.9% |
| Fixed assets | 21/28 | €335,452 | €333,699 | -€1,752 | -0.5% |
| Tangible fixed assets | 22/27 | €5,797 | €4,044 | -€1,752 | -30.2% |
| Land and buildings | 22 | €3,890 | €3,223 | -€667 | -17.2% |
| Plant, machinery and equipment | 23 | €768 | €465 | -€302 | -39.4% |
| Furniture and vehicles | 24 | €1,139 | €356 | -€783 | -68.7% |
| Financial fixed assets | 28 | €329,655 | €329,655 | = | 0.0% |
| Current assets | 29/58 | €805,351 | €614,328 | -€191,023 | -23.7% |
| Amounts receivable after more than one year | 29 | €182,880 | €182,880 | = | 0.0% |
| Trade receivables | 290 | €182,880 | €182,880 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,782 | €265,519 | -€35,263 | -11.7% |
| Trade receivables | 40 | €252,453 | €224,718 | -€27,736 | -11.0% |
| Other amounts receivable | 41 | €48,329 | €40,802 | -€7,527 | -15.6% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €15,952 | €154,766 | +€138,814 | +870.2% |
| Deferred charges and accrued income | 490/1 | €5,737 | €11,163 | +€5,426 | +94.6% |
| Total equity and liabilities | 10/49 | €1,140,803 | €948,027 | -€192,776 | -16.9% |
| Equity | 10/15 | €368,974 | €359,942 | -€9,032 | -2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €361,650 | €351,800 | -€9,850 | -2.7% |
| Tax-exempt reserves | 132 | €273,650 | €336,800 | +€63,150 | +23.1% |
| Distributable reserves | 133 | €88,000 | €15,000 | -€73,000 | -83.0% |
| Profit (loss) carried forward | 14 | €1,124 | €1,942 | +€818 | +72.8% |
| Provisions and deferred taxes | 16 | €270,097 | €274,132 | +€4,035 | +1.5% |
| Provisions for liabilities and charges | 160/5 | €270,097 | €274,132 | +€4,035 | +1.5% |
| Environmental obligations | 163 | €270,097 | €274,132 | +€4,035 | +1.5% |
| Amounts payable | 17/49 | €501,732 | €313,953 | -€187,778 | -37.4% |
| Amounts payable after more than one year | 17 | €67,378 | - | -€67,378 | |
| Financial debts | 170/4 | €67,378 | - | -€67,378 | |
| Amounts payable within one year | 42/48 | €434,353 | €313,953 | -€120,400 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €33,185 | €34,198 | +€1,013 | +3.1% |
| Trade debts | 44 | - | €11 | +€11 | |
| Suppliers | 440/4 | - | €11 | +€11 | |
| Taxes, remuneration and social security | 45 | €7,415 | €5,481 | -€1,934 | -26.1% |
| Taxes | 450/3 | €7,415 | €5,481 | -€1,934 | -26.1% |
| Other amounts payable | 47/48 | €393,753 | €274,264 | -€119,489 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,948 | €1,752 | -€195 | -10.0% |
| Other operating charges | 640/8 | €1,129 | €1,126 | -€2 | -0.2% |
| Non-recurring operating charges | 66A | €24 | €27 | +€3 | +10.5% |
| Gross operating margin | 9900 | €261,818 | €263,157 | +€1,339 | +0.5% |
| Operating profit (loss) | 9901 | €258,717 | €260,251 | +€1,534 | +0.6% |
| Financial income | 75/76B | €10,965 | €51,897 | +€40,932 | +373.3% |
| Recurring financial income | 75 | €10,965 | €51,897 | +€40,932 | +373.3% |
| Financial charges | 65/66B | €17,782 | €19,664 | +€1,883 | +10.6% |
| Recurring financial charges | 65 | €17,782 | €19,664 | +€1,883 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €251,901 | €292,484 | +€40,583 | +16.1% |
| Income taxes | 67/77 | €63,601 | €63,516 | -€85 | -0.1% |
| Profit (loss) for the period | 9904 | €188,299 | €228,968 | +€40,669 | +21.6% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,299 | €165,818 | -€22,481 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.