LAWTAX: what changed
LAWTAX
Largest movements
- Cash -€184,667
down €184,667 (-89.7%), from €205,797 to €21,130
mainly Trade debts (-€245,310) and Current portion of long-term debt (-€98,244)
- Tangible fixed assets -€151,420
down €151,420 (-82.9%), from €182,753 to €31,333
of which Land and buildings: -€137,877
- Receivables within one year -€115,657
down €115,657 (-89.4%), from €129,421 to €13,764
of which Trade receivables: -€113,957
- Deferred charges and accrued income -€14,345
down €14,345 (-100%), from €14,345 to €0
- Trade debts -€245,310
down €245,310 (-96.8%), from €253,335 to €8,025
- Current portion of long-term debt -€98,244
down €98,244 (-74.4%), from €132,059 to €33,815
- Profit (loss) carried forward -€80,831
down €80,831, from €7,967 to -€72,864
- Debts after one year -€24,028
down €24,028 (-27.1%), from €88,803 to €64,775
- Tax, wage and social debts -€17,686
down €17,686 (-56.5%), from €31,326 to €13,641
of which Taxes: -€9,072
- Gross operating margin -€173,265
down €173,265 (-69.3%), from €250,114 to €76,849
- Staff costs -€160,134
down €160,134 (-100%), from €160,134 to €0
- Depreciation -€72,530
down €72,530 (-84.3%), from €86,073 to €13,543
- Financial income -€7,293
down €7,293 (-99.9%), from €7,300 to €7
of which Non-recurring financial income: -€7,065
- Other operating charges -€3,237
down €3,237 (-89.6%), from €3,612 to €375
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,316 | €66,227 | -€466,089 | -87.6% |
| Fixed assets | 21/28 | €182,753 | €31,333 | -€151,420 | -82.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €182,753 | €31,333 | -€151,420 | -82.9% |
| Land and buildings | 22 | €137,877 | €0 | -€137,877 | -100% |
| Furniture and vehicles | 24 | €44,876 | €31,333 | -€13,543 | -30.2% |
| Current assets | 29/58 | €349,563 | €34,894 | -€314,669 | -90.0% |
| Amounts receivable within one year | 40/41 | €129,421 | €13,764 | -€115,657 | -89.4% |
| Trade receivables | 40 | €127,721 | €13,764 | -€113,957 | -89.2% |
| Other amounts receivable | 41 | €1,700 | €0 | -€1,700 | -100% |
| Cash at bank and in hand | 54/58 | €205,797 | €21,130 | -€184,667 | -89.7% |
| Deferred charges and accrued income | 490/1 | €14,345 | €0 | -€14,345 | -100% |
| Total equity and liabilities | 10/49 | €532,316 | €66,227 | -€466,089 | -87.6% |
| Equity | 10/15 | €26,567 | -€54,264 | -€80,831 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,967 | -€72,864 | -€80,831 | |
| Amounts payable | 17/49 | €505,749 | €120,491 | -€385,258 | -76.2% |
| Amounts payable after more than one year | 17 | €88,803 | €64,775 | -€24,028 | -27.1% |
| Financial debts | 170/4 | €88,803 | €64,775 | -€24,028 | -27.1% |
| Amounts payable within one year | 42/48 | €416,946 | €55,716 | -€361,230 | -86.6% |
| Current portion of amounts payable after more than one year | 42 | €132,059 | €33,815 | -€98,244 | -74.4% |
| Trade debts | 44 | €253,335 | €8,025 | -€245,310 | -96.8% |
| Suppliers | 440/4 | €253,335 | €8,025 | -€245,310 | -96.8% |
| Taxes, remuneration and social security | 45 | €31,326 | €13,641 | -€17,686 | -56.5% |
| Taxes | 450/3 | €22,713 | €13,641 | -€9,072 | -39.9% |
| Remuneration and social security | 454/9 | €8,613 | €0 | -€8,613 | -100% |
| Other amounts payable | 47/48 | €225 | €235 | +€10 | +4.5% |
| Remuneration, social security and pensions | 62 | €160,134 | €0 | -€160,134 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,073 | €13,543 | -€72,530 | -84.3% |
| Other operating charges | 640/8 | €3,612 | €375 | -€3,237 | -89.6% |
| Non-recurring operating charges | 66A | - | €137,877 | +€137,877 | |
| Gross operating margin | 9900 | €250,114 | €76,849 | -€173,265 | -69.3% |
| Operating profit (loss) | 9901 | €296 | -€74,946 | -€75,242 | |
| Financial income | 75/76B | €7,300 | €7 | -€7,293 | -99.9% |
| Recurring financial income | 75 | €235 | €7 | -€228 | -97.1% |
| Non-recurring financial income | 76B | €7,065 | €0 | -€7,065 | -100% |
| Financial charges | 65/66B | €7,847 | €5,891 | -€1,956 | -24.9% |
| Recurring financial charges | 65 | €7,847 | €5,891 | -€1,956 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€251 | -€80,831 | -€80,579 | -32,047% |
| Income taxes | 67/77 | €2,347 | €0 | -€2,347 | -100% |
| Profit (loss) for the period | 9904 | -€2,599 | -€80,831 | -€78,232 | -3,010% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,599 | -€80,831 | -€78,232 | -3,010% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.