Katrien Antonis 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.
Katrien Antonis Law
Largest movements
- Cash +€5,736
up €5,736 (+12.4%), from €46,138 to €51,874
mainly Net result for the year (+€19,002) and Depreciation (+€923)
- Receivables within one year +€5,625
up €5,625 (+84.2%), from €6,677 to €12,303
of which Other amounts receivable: +€5,476
- Tangible fixed assets +€3,434
up €3,434 (+485%), from €708 to €4,141
- Reserves +€19,000
up €19,000 (+62.1%), from €30,600 to €49,600
- Trade debts -€3,645
down €3,645 (-96.7%), from €3,770 to €125
- Gross operating margin -€8,019
down €8,019 (-26.4%), from €30,417 to €22,398
- Taxes -€4,000
down €4,000 (-64.2%), from €6,230 to €2,230
- Financial charges -€1,769
down €1,769 (-90.3%), from €1,958 to €190
- Depreciation +€549
up €549 (+147%), from €374 to €923
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 | €53,523 | €68,318 | +€14,795 | +27.6% |
| Fixed assets | 21/28 | €708 | €4,141 | +€3,434 | +485% |
| Tangible fixed assets | 22/27 | €708 | €4,141 | +€3,434 | +485% |
| Furniture and vehicles | 24 | €708 | €4,141 | +€3,434 | +485% |
| Current assets | 29/58 | €52,815 | €64,177 | +€11,362 | +21.5% |
| Amounts receivable within one year | 40/41 | €6,677 | €12,303 | +€5,625 | +84.2% |
| Trade receivables | 40 | €4,500 | €4,649 | +€149 | +3.3% |
| Other amounts receivable | 41 | €2,177 | €7,653 | +€5,476 | +252% |
| Cash at bank and in hand | 54/58 | €46,138 | €51,874 | +€5,736 | +12.4% |
| Total equity and liabilities | 10/49 | €53,523 | €68,318 | +€14,795 | +27.6% |
| Equity | 10/15 | €33,660 | €52,663 | +€19,002 | +56.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,600 | €49,600 | +€19,000 | +62.1% |
| Distributable reserves | 133 | €30,600 | €49,600 | +€19,000 | +62.1% |
| Profit (loss) carried forward | 14 | €60 | €63 | +€2 | +3.8% |
| Amounts payable | 17/49 | €19,862 | €15,655 | -€4,207 | -21.2% |
| Amounts payable within one year | 42/48 | €19,862 | €15,655 | -€4,207 | -21.2% |
| Trade debts | 44 | €3,770 | €125 | -€3,645 | -96.7% |
| Suppliers | 440/4 | €3,770 | €125 | -€3,645 | -96.7% |
| Taxes, remuneration and social security | 45 | €16,092 | €15,530 | -€562 | -3.5% |
| Taxes | 450/3 | €16,092 | €15,307 | -€785 | -4.9% |
| Remuneration and social security | 454/9 | €0 | €223 | +€223 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €923 | +€549 | +147% |
| Other operating charges | 640/8 | €208 | €53 | -€155 | -74.5% |
| Gross operating margin | 9900 | €30,417 | €22,398 | -€8,019 | -26.4% |
| Operating profit (loss) | 9901 | €29,835 | €21,421 | -€8,413 | -28.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €1,958 | €190 | -€1,769 | -90.3% |
| Recurring financial charges | 65 | €1,958 | €190 | -€1,769 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €27,876 | €21,232 | -€6,645 | -23.8% |
| Income taxes | 67/77 | €6,230 | €2,230 | -€4,000 | -64.2% |
| Profit (loss) for the period | 9904 | €21,646 | €19,002 | -€2,644 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,646 | €19,002 | -€2,644 | -12.2% |
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 29 October 2026 via checked.be.