Lawmaker: 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.
Lawmaker
Largest movements
- Tangible fixed assets -€739,294
down €739,294 (-12.2%), from €6.0m to €5.3m
- Receivables within one year -€98,858
down €98,858 (-46.1%), from €214,239 to €115,381
- Cash +€86,101
up €86,101 (+487.0%), from €17,680 to €103,781
mainly Depreciation (+€739,294) and Receivables within one year (+€98,858)
- Debts after one year -€434,764
down €434,764 (-12.5%), from €3.5m to €3.0m
- Profit (loss) carried forward -€402,203
down €402,203 (-23.0%), from -€1.7m to -€2.2m
- Current portion of long-term debt +€69,581
up €69,581 (+23.9%), from €291,711 to €361,291
- Other operating charges -€104,410
down €104,410 (-32.7%), from €318,893 to €214,482
- Gross operating margin -€52,086
down €52,086 (-6.1%), from €851,509 to €799,423
- Financial charges -€10,354
down €10,354 (-4.0%), from €258,206 to €247,852
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 | €6,352,853 | €5,574,879 | -€777,974 | -12.2% |
| Fixed assets | 21/28 | €6,046,804 | €5,307,509 | -€739,294 | -12.2% |
| Tangible fixed assets | 22/27 | €6,046,804 | €5,307,509 | -€739,294 | -12.2% |
| Land and buildings | 22 | €6,046,804 | €5,307,509 | -€739,294 | -12.2% |
| Current assets | 29/58 | €306,050 | €267,370 | -€38,680 | -12.6% |
| Amounts receivable within one year | 40/41 | €214,239 | €115,381 | -€98,858 | -46.1% |
| Trade receivables | 40 | €214,239 | €115,381 | -€98,858 | -46.1% |
| Cash at bank and in hand | 54/58 | €17,680 | €103,781 | +€86,101 | +487.0% |
| Deferred charges and accrued income | 490/1 | €74,130 | €48,207 | -€25,923 | -35.0% |
| Total equity and liabilities | 10/49 | €6,352,853 | €5,574,879 | -€777,974 | -12.2% |
| Equity | 10/15 | €2,401,182 | €1,998,979 | -€402,203 | -16.8% |
| Contributions | 10/11 | €4,150,000 | €4,150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,748,818 | -€2,151,021 | -€402,203 | -23.0% |
| Amounts payable | 17/49 | €3,951,672 | €3,575,900 | -€375,772 | -9.5% |
| Amounts payable after more than one year | 17 | €3,473,778 | €3,039,013 | -€434,764 | -12.5% |
| Financial debts | 170/4 | €3,473,778 | €3,039,013 | -€434,764 | -12.5% |
| Amounts payable within one year | 42/48 | €369,191 | €427,139 | +€57,949 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €291,711 | €361,291 | +€69,581 | +23.9% |
| Trade debts | 44 | €39,067 | €35,245 | -€3,822 | -9.8% |
| Suppliers | 440/4 | €39,067 | €35,245 | -€3,822 | -9.8% |
| Taxes, remuneration and social security | 45 | €38,413 | €30,604 | -€7,809 | -20.3% |
| Taxes | 450/3 | €38,413 | €30,604 | -€7,809 | -20.3% |
| Accrued charges and deferred income | 492/3 | €108,704 | €109,747 | +€1,044 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741,320 | €739,294 | -€2,025 | -0.3% |
| Other operating charges | 640/8 | €318,893 | €214,482 | -€104,410 | -32.7% |
| Gross operating margin | 9900 | €851,509 | €799,423 | -€52,086 | -6.1% |
| Operating profit (loss) | 9901 | -€208,703 | -€154,353 | +€54,349 | +26.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €258,206 | €247,852 | -€10,354 | -4.0% |
| Recurring financial charges | 65 | €258,206 | €247,852 | -€10,354 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€466,909 | -€402,203 | +€64,706 | +13.9% |
| Profit (loss) for the period | 9904 | -€466,909 | -€402,203 | +€64,706 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€466,909 | -€402,203 | +€64,706 | +13.9% |
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 7 October 2026 via checked.be.