LC Law: 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.
LC Law
Largest movements
- Cash +€23,254
up €23,254 (+24.9%), from €93,498 to €116,752
mainly Net result for the year (+€49,244) and Trade debts (+€3,049)
- Current investments +€18,000
new in 2025: €18,000
- Receivables within one year +€11,140
up €11,140 (+28.7%), from €38,759 to €49,898
of which Other amounts receivable: +€10,647
- Tangible fixed assets -€2,770
down €2,770 (-50.1%), from €5,534 to €2,764
of which Furniture and vehicles: -€2,290
- Reserves +€49,244
up €49,244 (+50.8%), from €96,873 to €146,117
- Trade debts +€3,049
up €3,049 (+1,860%), from €164 to €3,213
- Tax, wage and social debts -€2,670
down €2,670 (-7.4%), from €36,004 to €33,334
- Gross operating margin +€5,226
up €5,226 (+8.6%), from €60,719 to €65,945
- Taxes +€950
up €950 (+7.8%), from €12,208 to €13,158
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 | €138,041 | €187,665 | +€49,623 | +35.9% |
| Fixed assets | 21/28 | €5,534 | €2,764 | -€2,770 | -50.1% |
| Tangible fixed assets | 22/27 | €5,534 | €2,764 | -€2,770 | -50.1% |
| Plant, machinery and equipment | 23 | €2,149 | €1,669 | -€480 | -22.3% |
| Furniture and vehicles | 24 | €3,385 | €1,095 | -€2,290 | -67.7% |
| Current assets | 29/58 | €132,507 | €184,900 | +€52,393 | +39.5% |
| Amounts receivable within one year | 40/41 | €38,759 | €49,898 | +€11,140 | +28.7% |
| Trade receivables | 40 | €12,100 | €12,592 | +€492 | +4.1% |
| Other amounts receivable | 41 | €26,659 | €37,306 | +€10,647 | +39.9% |
| Current investments | 50/53 | - | €18,000 | +€18,000 | |
| Cash at bank and in hand | 54/58 | €93,498 | €116,752 | +€23,254 | +24.9% |
| Deferred charges and accrued income | 490/1 | €250 | €250 | = | 0.0% |
| Total equity and liabilities | 10/49 | €138,041 | €187,665 | +€49,623 | +35.9% |
| Equity | 10/15 | €101,873 | €151,117 | +€49,244 | +48.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,873 | €146,117 | +€49,244 | +50.8% |
| Distributable reserves | 133 | €96,873 | €146,117 | +€49,244 | +50.8% |
| Amounts payable | 17/49 | €36,168 | €36,548 | +€379 | +1.0% |
| Amounts payable within one year | 42/48 | €36,168 | €36,548 | +€379 | +1.0% |
| Trade debts | 44 | €164 | €3,213 | +€3,049 | +1,860% |
| Suppliers | 440/4 | €164 | €3,213 | +€3,049 | +1,860% |
| Taxes, remuneration and social security | 45 | €36,004 | €33,334 | -€2,670 | -7.4% |
| Taxes | 450/3 | €36,004 | €33,334 | -€2,670 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,792 | €2,770 | -€22 | -0.8% |
| Other operating charges | 640/8 | €806 | €1,084 | +€278 | +34.5% |
| Gross operating margin | 9900 | €60,719 | €65,945 | +€5,226 | +8.6% |
| Operating profit (loss) | 9901 | €57,121 | €62,091 | +€4,970 | +8.7% |
| Financial income | 75/76B | €901 | €405 | -€496 | -55.1% |
| Recurring financial income | 75 | €901 | €405 | -€496 | -55.1% |
| Financial charges | 65/66B | €185 | €94 | -€91 | -49.0% |
| Recurring financial charges | 65 | €185 | €94 | -€91 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €57,838 | €62,402 | +€4,564 | +7.9% |
| Income taxes | 67/77 | €12,208 | €13,158 | +€950 | +7.8% |
| Profit (loss) for the period | 9904 | €45,630 | €49,244 | +€3,614 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,630 | €49,244 | +€3,614 | +7.9% |
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 16 October 2026 via checked.be.