LAWBOX: 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.
LAWBOX
Largest movements
- Intangible fixed assets -€65,568
down €65,568 (-46.8%), from €140,216 to €74,648
- Receivables within one year -€11,517
down €11,517 (-10.6%), from €108,390 to €96,873
of which Trade receivables: -€11,600
- Profit (loss) carried forward -€58,535
down €58,535 (-8.6%), from -€681,973 to -€740,509
- Other debts -€7,747
down €7,747 (-76.2%), from €10,163 to €2,416
- Debts after one year -€7,000
down €7,000 (-0.8%), from €890,362 to €883,362
- Tax, wage and social debts -€3,604
no longer reported in 2025 (was €3,604)
- Depreciation +€32,491
up €32,491 (+97.0%), from €33,491 to €65,982
- Gross operating margin -€14,513
down €14,513 (-62.1%), from €23,379 to €8,866
- Other operating charges +€800
new in 2025: €800
- Staff costs +€297
up €297 (+689.9%), from €43 to €340
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 | €253,939 | €175,239 | -€78,700 | -31.0% |
| Fixed assets | 21/28 | €142,181 | €76,199 | -€65,982 | -46.4% |
| Intangible fixed assets | 21 | €140,216 | €74,648 | -€65,568 | -46.8% |
| Tangible fixed assets | 22/27 | €414 | - | -€414 | |
| Plant, machinery and equipment | 23 | €414 | - | -€414 | |
| Financial fixed assets | 28 | €1,551 | €1,551 | = | 0.0% |
| Current assets | 29/58 | €111,758 | €99,040 | -€12,717 | -11.4% |
| Amounts receivable within one year | 40/41 | €108,390 | €96,873 | -€11,517 | -10.6% |
| Trade receivables | 40 | €106,101 | €94,501 | -€11,600 | -10.9% |
| Other amounts receivable | 41 | €2,289 | €2,372 | +€83 | +3.6% |
| Cash at bank and in hand | 54/58 | €2,381 | €2,168 | -€213 | -8.9% |
| Deferred charges and accrued income | 490/1 | €988 | - | -€988 | |
| Total equity and liabilities | 10/49 | €253,939 | €175,239 | -€78,700 | -31.0% |
| Equity | 10/15 | -€670,683 | -€729,219 | -€58,535 | -8.7% |
| Contributions | 10/11 | €11,290 | €11,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€681,973 | -€740,509 | -€58,535 | -8.6% |
| Amounts payable | 17/49 | €924,622 | €904,458 | -€20,165 | -2.2% |
| Amounts payable after more than one year | 17 | €890,362 | €883,362 | -€7,000 | -0.8% |
| Financial debts | 170/4 | €890,362 | €883,362 | -€7,000 | -0.8% |
| Amounts payable within one year | 42/48 | €34,260 | €20,683 | -€13,577 | -39.6% |
| Trade debts | 44 | €20,493 | €18,268 | -€2,226 | -10.9% |
| Suppliers | 440/4 | €20,493 | €18,268 | -€2,226 | -10.9% |
| Taxes, remuneration and social security | 45 | €3,604 | - | -€3,604 | |
| Taxes | 450/3 | €3,604 | - | -€3,604 | |
| Other amounts payable | 47/48 | €10,163 | €2,416 | -€7,747 | -76.2% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Remuneration, social security and pensions | 62 | €43 | €340 | +€297 | +689.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,491 | €65,982 | +€32,491 | +97.0% |
| Other operating charges | 640/8 | - | €800 | +€800 | |
| Gross operating margin | 9900 | €23,379 | €8,866 | -€14,513 | -62.1% |
| Operating profit (loss) | 9901 | -€10,156 | -€58,256 | -€48,100 | -473.6% |
| Financial charges | 65/66B | €462 | €279 | -€183 | -39.6% |
| Recurring financial charges | 65 | €462 | €279 | -€183 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,618 | -€58,535 | -€47,917 | -451.3% |
| Profit (loss) for the period | 9904 | -€10,618 | -€58,535 | -€47,917 | -451.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,618 | -€58,535 | -€47,917 | -451.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.