Law-Right: 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.
Law-Right
Largest movements
- Receivables within one year -€103,208
down €103,208 (-32.6%), from €316,586 to €213,379
of which Trade receivables: -€66,942
- Cash -€24,583
down €24,583 (-15.6%), from €158,055 to €133,472
mainly Other debts (-€60,000) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€13,406
down €13,406 (-22.8%), from €58,702 to €45,296
of which Plant, machinery and equipment: -€12,505
- Other debts -€60,000
down €60,000 (-38.7%), from €155,000 to €95,000
- Profit (loss) carried forward -€45,193
down €45,193 (-45.5%), from €99,419 to €54,226
- Debts after one year -€39,734
down €39,734 (-19.9%), from €199,368 to €159,634
of which Other amounts payable: -€139,506
- Gross operating margin -€141,523
down €141,523 (-51.4%), from €275,155 to €133,632
- Other operating charges +€48,347
up €48,347 (+743.8%), from €6,500 to €54,847
- Write-downs -€41,673
new in 2024: -€41,673
- Depreciation -€11,980
down €11,980 (-45.2%), from €26,515 to €14,535
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,197 | €621,396 | -€135,801 | -17.9% |
| Fixed assets | 21/28 | €58,702 | €45,296 | -€13,406 | -22.8% |
| Tangible fixed assets | 22/27 | €58,702 | €45,296 | -€13,406 | -22.8% |
| Plant, machinery and equipment | 23 | €55,178 | €42,673 | -€12,505 | -22.7% |
| Furniture and vehicles | 24 | €3,524 | €2,623 | -€901 | -25.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €698,495 | €576,100 | -€122,395 | -17.5% |
| Amounts receivable within one year | 40/41 | €316,586 | €213,379 | -€103,208 | -32.6% |
| Trade receivables | 40 | €84,158 | €17,217 | -€66,942 | -79.5% |
| Other amounts receivable | 41 | €232,428 | €196,162 | -€36,266 | -15.6% |
| Current investments | 50/53 | €218,969 | €221,969 | +€3,000 | +1.4% |
| Cash at bank and in hand | 54/58 | €158,055 | €133,472 | -€24,583 | -15.6% |
| Deferred charges and accrued income | 490/1 | €4,885 | €7,280 | +€2,395 | +49.0% |
| Total equity and liabilities | 10/49 | €757,197 | €621,396 | -€135,801 | -17.9% |
| Equity | 10/15 | €174,699 | €129,506 | -€45,193 | -25.9% |
| Contributions | 10/11 | €36,200 | €36,200 | = | 0.0% |
| Reserves | 13 | €39,080 | €39,080 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,460 | €35,460 | = | 0.0% |
| Distributable reserves | 133 | €3,620 | €3,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,419 | €54,226 | -€45,193 | -45.5% |
| Amounts payable | 17/49 | €582,498 | €491,890 | -€90,608 | -15.6% |
| Amounts payable after more than one year | 17 | €199,368 | €159,634 | -€39,734 | -19.9% |
| Financial debts | 170/4 | €59,862 | €159,634 | +€99,772 | +166.7% |
| Other amounts payable | 178/9 | €139,506 | - | -€139,506 | |
| Amounts payable within one year | 42/48 | €366,997 | €316,123 | -€50,874 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €37,861 | €39,734 | +€1,873 | +4.9% |
| Trade debts | 44 | €124,731 | €126,375 | +€1,644 | +1.3% |
| Suppliers | 440/4 | €124,731 | €126,375 | +€1,644 | +1.3% |
| Taxes, remuneration and social security | 45 | €49,405 | €55,014 | +€5,609 | +11.4% |
| Taxes | 450/3 | €35,541 | €41,154 | +€5,612 | +15.8% |
| Remuneration and social security | 454/9 | €13,864 | €13,860 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €155,000 | €95,000 | -€60,000 | -38.7% |
| Accrued charges and deferred income | 492/3 | €16,133 | €16,133 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €44,986 | €43,048 | -€1,938 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,515 | €14,535 | -€11,980 | -45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€41,673 | -€41,673 | |
| Other operating charges | 640/8 | €6,500 | €54,847 | +€48,347 | +743.8% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €275,155 | €133,632 | -€141,523 | -51.4% |
| Operating profit (loss) | 9901 | €197,155 | €32,875 | -€164,280 | -83.3% |
| Financial income | 75/76B | €1,491 | €2,282 | +€791 | +53.1% |
| Recurring financial income | 75 | €1,491 | €2,282 | +€791 | +53.1% |
| Financial charges | 65/66B | €6,730 | €4,341 | -€2,388 | -35.5% |
| Recurring financial charges | 65 | €6,730 | €4,341 | -€2,388 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €191,916 | €30,815 | -€161,100 | -83.9% |
| Income taxes | 67/77 | €16,266 | €16,009 | -€258 | -1.6% |
| Profit (loss) for the period | 9904 | €175,650 | €14,807 | -€160,843 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,650 | €14,807 | -€160,843 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.