Law-Online: 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.
Law-Online
Largest movements
- Current investments +€111,582
up €111,582 (+33.3%), from €335,000 to €446,582
- Cash +€92,356
up €92,356 (+55.5%), from €166,440 to €258,796
mainly Net result for the year (+€199,149) and Trade debts (+€11,076)
- Receivables within one year -€10,155
down €10,155 (-8.4%), from €120,590 to €110,435
of which Trade receivables: -€34,200
- Reserves +€199,149
up €199,149 (+38.7%), from €514,841 to €713,990
of which Distributable reserves: +€114,949
- Tax, wage and social debts -€29,606
down €29,606 (-90.3%), from €32,768 to €3,162
- Trade debts +€11,076
up €11,076 (+182%), from €6,101 to €17,177
- Current portion of long-term debt +€8,411
new in 2025: €8,411
- Gross operating margin +€45,958
up €45,958 (+20.2%), from €227,935 to €273,893
- Taxes +€12,570
up €12,570 (+18.1%), from €69,348 to €81,918
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 | €630,711 | €824,741 | +€194,030 | +30.8% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,000 | €4,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €626,711 | €820,741 | +€194,030 | +31.0% |
| Amounts receivable within one year | 40/41 | €120,590 | €110,435 | -€10,155 | -8.4% |
| Trade receivables | 40 | €55,980 | €21,780 | -€34,200 | -61.1% |
| Other amounts receivable | 41 | €64,610 | €88,655 | +€24,045 | +37.2% |
| Current investments | 50/53 | €335,000 | €446,582 | +€111,582 | +33.3% |
| Cash at bank and in hand | 54/58 | €166,440 | €258,796 | +€92,356 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,681 | €4,928 | +€248 | +5.3% |
| Total equity and liabilities | 10/49 | €630,711 | €824,741 | +€194,030 | +30.8% |
| Equity | 10/15 | €576,841 | €775,990 | +€199,149 | +34.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €514,841 | €713,990 | +€199,149 | +38.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,775 | €199,975 | +€84,200 | +72.7% |
| Distributable reserves | 133 | €392,866 | €507,815 | +€114,949 | +29.3% |
| Amounts payable | 17/49 | €53,869 | €48,751 | -€5,119 | -9.5% |
| Amounts payable within one year | 42/48 | €53,869 | €48,751 | -€5,119 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,411 | +€8,411 | |
| Trade debts | 44 | €6,101 | €17,177 | +€11,076 | +182% |
| Suppliers | 440/4 | €6,101 | €17,177 | +€11,076 | +182% |
| Taxes, remuneration and social security | 45 | €32,768 | €3,162 | -€29,606 | -90.3% |
| Taxes | 450/3 | €32,768 | €3,162 | -€29,606 | -90.3% |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | €227,935 | €273,893 | +€45,958 | +20.2% |
| Operating profit (loss) | 9901 | €227,230 | €273,174 | +€45,944 | +20.2% |
| Financial income | 75/76B | €10,843 | €11,574 | +€731 | +6.7% |
| Recurring financial income | 75 | €10,843 | €11,574 | +€731 | +6.7% |
| Financial charges | 65/66B | €1,079 | €3,680 | +€2,601 | +241% |
| Recurring financial charges | 65 | €1,079 | €1,201 | +€122 | +11.3% |
| Non-recurring financial charges | 66B | - | €2,479 | +€2,479 | |
| Profit (loss) for the period before taxes | 9903 | €236,994 | €281,067 | +€44,073 | +18.6% |
| Income taxes | 67/77 | €69,348 | €81,918 | +€12,570 | +18.1% |
| Profit (loss) for the period | 9904 | €167,646 | €199,149 | +€31,503 | +18.8% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €84,200 | +€21,050 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,496 | €114,949 | +€10,453 | +10.0% |
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 28 October 2026 via checked.be.