LAW AND MORE: what changed
LAW AND MORE
Largest movements
- Receivables within one year -€167,479
down €167,479 (-61.8%), from €270,943 to €103,464
of which Trade receivables: -€172,410
- Cash +€106,727
up €106,727 (+613%), from €17,418 to €124,145
mainly Receivables within one year (+€167,479) and Net result for the year (+€29,834)
- Trade debts -€92,947
down €92,947 (-60.7%), from €153,079 to €60,132
- Reserves +€29,000
up €29,000 (+1,559%), from €1,860 to €30,860
- Other debts -€3,253
down €3,253 (-88.9%), from €3,661 to €408
- Gross operating margin +€51,419
up €51,419 (+44,818%), from €115 to €51,534
- Taxes +€14,525
up €14,525 (+907%), from €1,602 to €16,127
- Financial charges +€1,248
up €1,248 (+212%), from €588 to €1,836
- Depreciation -€919
down €919 (-25.6%), from €3,590 to €2,672
- Other operating charges +€551
up €551 (+142%), from €387 to €939
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,776 | €229,352 | -€63,424 | -21.7% |
| Fixed assets | 21/28 | €4,415 | €1,743 | -€2,672 | -60.5% |
| Tangible fixed assets | 22/27 | €4,415 | €1,743 | -€2,672 | -60.5% |
| Plant, machinery and equipment | 23 | €2,838 | €912 | -€1,925 | -67.8% |
| Furniture and vehicles | 24 | €450 | €243 | -€207 | -46.1% |
| Other tangible fixed assets | 26 | €1,127 | €588 | -€539 | -47.8% |
| Current assets | 29/58 | €288,361 | €227,609 | -€60,752 | -21.1% |
| Amounts receivable within one year | 40/41 | €270,943 | €103,464 | -€167,479 | -61.8% |
| Trade receivables | 40 | €265,635 | €93,226 | -€172,410 | -64.9% |
| Other amounts receivable | 41 | €5,307 | €10,238 | +€4,931 | +92.9% |
| Cash at bank and in hand | 54/58 | €17,418 | €124,145 | +€106,727 | +613% |
| Total equity and liabilities | 10/49 | €292,776 | €229,352 | -€63,424 | -21.7% |
| Equity | 10/15 | €122,420 | €152,254 | +€29,834 | +24.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €30,860 | +€29,000 | +1,559% |
| Distributable reserves | 133 | €1,860 | €30,860 | +€29,000 | +1,559% |
| Profit (loss) carried forward | 14 | €108,160 | €108,994 | +€834 | +0.8% |
| Amounts payable | 17/49 | €170,355 | €77,098 | -€93,257 | -54.7% |
| Amounts payable within one year | 42/48 | €170,355 | €76,698 | -€93,657 | -55.0% |
| Trade debts | 44 | €153,079 | €60,132 | -€92,947 | -60.7% |
| Suppliers | 440/4 | €153,079 | €60,132 | -€92,947 | -60.7% |
| Taxes, remuneration and social security | 45 | €13,615 | €16,158 | +€2,543 | +18.7% |
| Taxes | 450/3 | €13,615 | €16,158 | +€2,543 | +18.7% |
| Other amounts payable | 47/48 | €3,661 | €408 | -€3,253 | -88.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,590 | €2,672 | -€919 | -25.6% |
| Other operating charges | 640/8 | €387 | €939 | +€551 | +142% |
| Non-recurring operating charges | 66A | €197 | €127 | -€70 | -35.6% |
| Gross operating margin | 9900 | €115 | €51,534 | +€51,419 | +44,818% |
| Operating profit (loss) | 9901 | -€4,060 | €47,797 | +€51,856 | |
| Financial charges | 65/66B | €588 | €1,836 | +€1,248 | +212% |
| Recurring financial charges | 65 | €588 | €1,836 | +€1,248 | +212% |
| Profit (loss) for the period before taxes | 9903 | -€4,648 | €45,961 | +€50,608 | |
| Income taxes | 67/77 | €1,602 | €16,127 | +€14,525 | +907% |
| Profit (loss) for the period | 9904 | -€6,250 | €29,834 | +€36,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,250 | €29,834 | +€36,084 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.