Lawcom: 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.
Lawcom
Largest movements
- Intangible fixed assets -€86,625
down €86,625 (-20.1%), from €431,047 to €344,422
- Receivables within one year +€34,549
up €34,549 (+59.9%), from €57,631 to €92,180
of which Trade receivables: +€32,508
- Cash -€32,947
down €32,947 (-44.2%), from €74,495 to €41,548
mainly Short-term financial debts (-€133,147) and Trade debts (-€57,455)
- Tangible fixed assets -€8,437
down €8,437 (-35.2%), from €23,974 to €15,537
of which Furniture and vehicles: -€5,609
- Short-term financial debts -€133,147
down €133,147 (-99.7%), from €133,544 to €397
of which Other loans: -€133,453
- Debts after one year +€80,290
up €80,290 (+24.0%), from €335,000 to €415,290
of which Other amounts payable: +€140,290
- Trade debts -€57,455
down €57,455 (-86.3%), from €66,560 to €9,105
- Advances received +€17,320
up €17,320 (+325.9%), from €5,314 to €22,634
- Gross operating margin +€78,796
up €78,796 (+35.4%), from €222,621 to €301,417
- Staff costs +€13,108
up €13,108 (+8.0%), from €164,252 to €177,361
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 | €594,584 | €501,556 | -€93,027 | -15.6% |
| Fixed assets | 21/28 | €455,021 | €359,959 | -€95,062 | -20.9% |
| Intangible fixed assets | 21 | €431,047 | €344,422 | -€86,625 | -20.1% |
| Tangible fixed assets | 22/27 | €23,974 | €15,537 | -€8,437 | -35.2% |
| Plant, machinery and equipment | 23 | €5,406 | €388 | -€5,018 | -92.8% |
| Furniture and vehicles | 24 | €7,015 | €1,406 | -€5,609 | -80.0% |
| Other tangible fixed assets | 26 | €11,553 | €13,743 | +€2,190 | +19.0% |
| Current assets | 29/58 | €139,563 | €141,598 | +€2,034 | +1.5% |
| Amounts receivable within one year | 40/41 | €57,631 | €92,180 | +€34,549 | +59.9% |
| Trade receivables | 40 | €53,647 | €86,155 | +€32,508 | +60.6% |
| Other amounts receivable | 41 | €3,985 | €6,025 | +€2,040 | +51.2% |
| Cash at bank and in hand | 54/58 | €74,495 | €41,548 | -€32,947 | -44.2% |
| Deferred charges and accrued income | 490/1 | €7,437 | €7,870 | +€432 | +5.8% |
| Total equity and liabilities | 10/49 | €594,584 | €501,556 | -€93,027 | -15.6% |
| Equity | 10/15 | -€46,886 | -€42,485 | +€4,401 | +9.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€47,886 | -€43,485 | +€4,401 | +9.2% |
| Amounts payable | 17/49 | €641,470 | €544,041 | -€97,429 | -15.2% |
| Amounts payable after more than one year | 17 | €335,000 | €415,290 | +€80,290 | +24.0% |
| Financial debts | 170/4 | €245,000 | €185,000 | -€60,000 | -24.5% |
| Other amounts payable | 178/9 | €90,000 | €230,290 | +€140,290 | +155.9% |
| Amounts payable within one year | 42/48 | €306,470 | €128,751 | -€177,719 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 43 | €133,544 | €397 | -€133,147 | -99.7% |
| Credit institutions | 430/8 | €91 | €397 | +€306 | +337.4% |
| Other loans | 439 | €133,453 | €0 | -€133,453 | -100.0% |
| Trade debts | 44 | €66,560 | €9,105 | -€57,455 | -86.3% |
| Suppliers | 440/4 | €66,560 | €9,105 | -€57,455 | -86.3% |
| Advances received on contracts in progress | 46 | €5,314 | €22,634 | +€17,320 | +325.9% |
| Taxes, remuneration and social security | 45 | €36,547 | €36,615 | +€68 | +0.2% |
| Taxes | 450/3 | €16,347 | €16,554 | +€207 | +1.3% |
| Remuneration and social security | 454/9 | €20,201 | €20,061 | -€139 | -0.7% |
| Other amounts payable | 47/48 | €4,504 | €0 | -€4,504 | -100.0% |
| Non-recurring operating income | 76A | - | €590 | +€590 | |
| Remuneration, social security and pensions | 62 | €164,252 | €177,361 | +€13,108 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,111 | €98,315 | +€204 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€155 | €825 | +€980 | |
| Other operating charges | 640/8 | €1,330 | €1,076 | -€254 | -19.1% |
| Non-recurring operating charges | 66A | - | €4,532 | +€4,532 | |
| Gross operating margin | 9900 | €222,621 | €301,417 | +€78,796 | +35.4% |
| Operating profit (loss) | 9901 | -€40,917 | €19,308 | +€60,225 | |
| Financial income | 75/76B | €1 | €191 | +€191 | +26123.3% |
| Recurring financial income | 75 | €1 | €191 | +€191 | +26123.3% |
| Financial charges | 65/66B | €17,894 | €15,013 | -€2,882 | -16.1% |
| Recurring financial charges | 65 | €17,894 | €15,013 | -€2,882 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€58,811 | €4,487 | +€63,298 | |
| Income taxes | 67/77 | €75 | €85 | +€10 | +13.7% |
| Profit (loss) for the period | 9904 | -€58,886 | €4,401 | +€63,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,886 | €4,401 | +€63,288 |
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 11 October 2026 via checked.be.