L.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.
L.LAW
Largest movements
- Receivables within one year +€43,053
up €43,053 (+119.3%), from €36,095 to €79,148
of which Trade receivables: +€23,935
- Cash +€24,061
up €24,061 (+3701.5%), from €650 to €24,711
mainly Net result for the year (+€58,745) and Tax, wage and social debts (+€23,131)
- Intangible fixed assets +€2,091
new in 2025: €2,091
- Reserves +€36,588
up €36,588 (+165.1%), from €22,157 to €58,745
- Tax, wage and social debts +€23,131
up €23,131 (+145.2%), from €15,928 to €39,060
of which Taxes: +€39,060
- Profit (loss) carried forward +€22,157
up €22,157, from -€21,338 to €819
- Advances received -€14,000
down €14,000 (-100.0%), from €14,000 to €0
- Gross operating margin +€77,312
up €77,312 (+474.5%), from €16,293 to €93,606
- Taxes +€22,926
up €22,926 (+1579.2%), from €1,452 to €24,378
- Depreciation -€2,673
down €2,673 (-39.6%), from €6,744 to €4,071
- Other operating charges -€1,161
down €1,161 (-18.1%), from €6,424 to €5,263
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 | €66,054 | €135,085 | +€69,031 | +104.5% |
| Fixed assets | 21/28 | €16,358 | €18,876 | +€2,518 | +15.4% |
| Intangible fixed assets | 21 | - | €2,091 | +€2,091 | |
| Tangible fixed assets | 22/27 | €16,358 | €16,785 | +€427 | +2.6% |
| Plant, machinery and equipment | 23 | €9,029 | €8,190 | -€838 | -9.3% |
| Furniture and vehicles | 24 | €7,329 | €8,595 | +€1,266 | +17.3% |
| Current assets | 29/58 | €49,696 | €116,209 | +€66,513 | +133.8% |
| Amounts receivable within one year | 40/41 | €36,095 | €79,148 | +€43,053 | +119.3% |
| Trade receivables | 40 | €1,714 | €25,648 | +€23,935 | +1396.5% |
| Other amounts receivable | 41 | €34,381 | €53,499 | +€19,119 | +55.6% |
| Cash at bank and in hand | 54/58 | €650 | €24,711 | +€24,061 | +3701.5% |
| Deferred charges and accrued income | 490/1 | €12,951 | €12,350 | -€601 | -4.6% |
| Total equity and liabilities | 10/49 | €66,054 | €135,085 | +€69,031 | +104.5% |
| Equity | 10/15 | €19,419 | €78,164 | +€58,745 | +302.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,157 | €58,745 | +€36,588 | +165.1% |
| Distributable reserves | 133 | €22,157 | €58,745 | +€36,588 | +165.1% |
| Profit (loss) carried forward | 14 | -€21,338 | €819 | +€22,157 | |
| Amounts payable | 17/49 | €46,635 | €56,921 | +€10,286 | +22.1% |
| Amounts payable within one year | 42/48 | €46,635 | €56,921 | +€10,286 | +22.1% |
| Trade debts | 44 | €14,707 | €15,861 | +€1,155 | +7.9% |
| Suppliers | 440/4 | €14,707 | €15,861 | +€1,155 | +7.9% |
| Advances received on contracts in progress | 46 | €14,000 | €0 | -€14,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,928 | €39,060 | +€23,131 | +145.2% |
| Taxes | 450/3 | €0 | €39,060 | +€39,060 | |
| Remuneration and social security | 454/9 | €15,928 | - | -€15,928 | |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €4,071 | -€2,673 | -39.6% |
| Other operating charges | 640/8 | €6,424 | €5,263 | -€1,161 | -18.1% |
| Gross operating margin | 9900 | €16,293 | €93,606 | +€77,312 | +474.5% |
| Operating profit (loss) | 9901 | €3,126 | €84,272 | +€81,146 | +2596.1% |
| Financial income | 75/76B | €2,006 | €2,403 | +€397 | +19.8% |
| Recurring financial income | 75 | €1,906 | €2,403 | +€498 | +26.1% |
| Non-recurring financial income | 76B | €100 | - | -€100 | |
| Financial charges | 65/66B | €2,861 | €3,553 | +€692 | +24.2% |
| Recurring financial charges | 65 | €2,861 | €3,553 | +€692 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €2,271 | €83,123 | +€80,852 | +3560.5% |
| Income taxes | 67/77 | €1,452 | €24,378 | +€22,926 | +1579.2% |
| Profit (loss) for the period | 9904 | €819 | €58,745 | +€57,926 | +7071.8% |
| Profit (loss) for the period to be appropriated | 9905 | €819 | €58,745 | +€57,926 | +7071.8% |
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.