LAWR2: 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.
LAWR2
Largest movements
- Cash +€32,011
up €32,011 (+51.2%), from €62,565 to €94,576
mainly Other debts (+€122,663) and Net result for the year (+€100,000)
- Tangible fixed assets -€6,410
down €6,410 (-96.6%), from €6,634 to €223
- Other debts +€122,663
up €122,663 (+615%), from €19,936 to €142,598
- Profit (loss) carried forward -€47,358
no longer reported in 2025 (was €47,358)
- Debts after one year -€38,019
down €38,019 (-10.6%), from €357,426 to €319,407
- Tax, wage and social debts -€10,775
down €10,775 (-61.8%), from €17,448 to €6,672
- Gross operating margin +€96,002
up €96,002 (+174%), from €55,194 to €151,197
- Taxes +€24,169
up €24,169 (+214%), from €11,282 to €35,451
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 | €485,246 | €513,417 | +€28,171 | +5.8% |
| Fixed assets | 21/28 | €422,034 | €415,623 | -€6,410 | -1.5% |
| Tangible fixed assets | 22/27 | €6,634 | €223 | -€6,410 | -96.6% |
| Furniture and vehicles | 24 | €6,634 | €223 | -€6,410 | -96.6% |
| Financial fixed assets | 28 | €415,400 | €415,400 | = | 0.0% |
| Current assets | 29/58 | €63,212 | €97,794 | +€34,581 | +54.7% |
| Amounts receivable within one year | 40/41 | - | €2,549 | +€2,549 | |
| Other amounts receivable | 41 | - | €2,549 | +€2,549 | |
| Cash at bank and in hand | 54/58 | €62,565 | €94,576 | +€32,011 | +51.2% |
| Deferred charges and accrued income | 490/1 | €647 | €668 | +€22 | +3.4% |
| Total equity and liabilities | 10/49 | €485,246 | €513,417 | +€28,171 | +5.8% |
| Equity | 10/15 | €48,558 | €1,200 | -€47,358 | -97.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,358 | - | -€47,358 | |
| Amounts payable | 17/49 | €436,688 | €512,217 | +€75,529 | +17.3% |
| Amounts payable after more than one year | 17 | €357,426 | €319,407 | -€38,019 | -10.6% |
| Financial debts | 170/4 | €357,426 | €319,407 | -€38,019 | -10.6% |
| Amounts payable within one year | 42/48 | €75,267 | €188,815 | +€113,548 | +151% |
| Current portion of amounts payable after more than one year | 42 | €36,926 | €38,019 | +€1,093 | +3.0% |
| Trade debts | 44 | €957 | €1,525 | +€568 | +59.3% |
| Suppliers | 440/4 | €957 | €1,525 | +€568 | +59.3% |
| Taxes, remuneration and social security | 45 | €17,448 | €6,672 | -€10,775 | -61.8% |
| Taxes | 450/3 | €17,448 | €6,672 | -€10,775 | -61.8% |
| Other amounts payable | 47/48 | €19,936 | €142,598 | +€122,663 | +615% |
| Accrued charges and deferred income | 492/3 | €3,996 | €3,996 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,984 | €6,410 | -€574 | -8.2% |
| Other operating charges | 640/8 | €395 | €801 | +€406 | +103% |
| Gross operating margin | 9900 | €55,194 | €151,197 | +€96,002 | +174% |
| Operating profit (loss) | 9901 | €47,815 | €143,985 | +€96,170 | +201% |
| Financial charges | 65/66B | €7,087 | €8,534 | +€1,447 | +20.4% |
| Recurring financial charges | 65 | €7,087 | €8,534 | +€1,447 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €40,728 | €135,451 | +€94,723 | +233% |
| Income taxes | 67/77 | €11,282 | €35,451 | +€24,169 | +214% |
| Profit (loss) for the period | 9904 | €29,446 | €100,000 | +€70,554 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €29,446 | €100,000 | +€70,554 | +240% |
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 20 October 2026 via checked.be.