LD 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.
LD LAW
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-16.7%), from €120,000 to €100,000
- Tangible fixed assets +€4,888
new in 2025: €4,888
- Receivables within one year +€3,939
up €3,939 (+25.2%), from €15,662 to €19,601
of which Other amounts receivable: +€3,866
- Cash -€2,546
down €2,546 (-28.5%), from €8,946 to €6,400
mainly Other debts (-€91,978) and Accrued charges and deferred income (-€6,877)
- Other debts -€91,978
down €91,978 (-100%), from €91,978 to €0
- Profit (loss) carried forward +€54,086
up €54,086 (+339%), from €15,932 to €70,018
- Current portion of long-term debt +€30,158
new in 2025: €30,158
- Accrued charges and deferred income -€6,877
down €6,877 (-67.6%), from €10,173 to €3,296
- Short-term financial debts +€2,031
new in 2025: €2,031
- Gross operating margin +€38,643
up €38,643 (+68.0%), from €56,817 to €95,461
- Taxes +€7,324
up €7,324 (+93.6%), from €7,828 to €15,152
- Financial charges -€6,503
down €6,503 (-57.7%), from €11,267 to €4,764
- Other operating charges -€1,024
down €1,024 (-57.2%), from €1,790 to €766
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 | €144,608 | €131,029 | -€13,579 | -9.4% |
| Fixed assets | 21/28 | €120,000 | €104,888 | -€15,112 | -12.6% |
| Intangible fixed assets | 21 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Tangible fixed assets | 22/27 | - | €4,888 | +€4,888 | |
| Furniture and vehicles | 24 | - | €4,888 | +€4,888 | |
| Current assets | 29/58 | €24,608 | €26,141 | +€1,533 | +6.2% |
| Amounts receivable within one year | 40/41 | €15,662 | €19,601 | +€3,939 | +25.2% |
| Trade receivables | 40 | €9,412 | €9,485 | +€73 | +0.8% |
| Other amounts receivable | 41 | €6,250 | €10,116 | +€3,866 | +61.9% |
| Cash at bank and in hand | 54/58 | €8,946 | €6,400 | -€2,546 | -28.5% |
| Deferred charges and accrued income | 490/1 | - | €140 | +€140 | |
| Total equity and liabilities | 10/49 | €144,608 | €131,029 | -€13,579 | -9.4% |
| Equity | 10/15 | €17,932 | €72,018 | +€54,086 | +302% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,932 | €70,018 | +€54,086 | +339% |
| Amounts payable | 17/49 | €126,676 | €59,011 | -€67,665 | -53.4% |
| Amounts payable within one year | 42/48 | €116,503 | €55,715 | -€60,788 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | - | €30,158 | +€30,158 | |
| Financial debts | 43 | - | €2,031 | +€2,031 | |
| Credit institutions | 430/8 | - | €2,031 | +€2,031 | |
| Trade debts | 44 | €1,858 | €850 | -€1,009 | -54.3% |
| Suppliers | 440/4 | €1,858 | €850 | -€1,009 | -54.3% |
| Taxes, remuneration and social security | 45 | €22,667 | €22,676 | +€10 | 0.0% |
| Taxes | 450/3 | €22,667 | €22,676 | +€10 | 0.0% |
| Other amounts payable | 47/48 | €91,978 | €0 | -€91,978 | -100% |
| Accrued charges and deferred income | 492/3 | €10,173 | €3,296 | -€6,877 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,000 | €20,751 | +€751 | +3.8% |
| Other operating charges | 640/8 | €1,790 | €766 | -€1,024 | -57.2% |
| Gross operating margin | 9900 | €56,817 | €95,461 | +€38,643 | +68.0% |
| Operating profit (loss) | 9901 | €35,027 | €73,943 | +€38,916 | +111% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €11,267 | €4,764 | -€6,503 | -57.7% |
| Recurring financial charges | 65 | €11,267 | €4,764 | -€6,503 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €23,760 | €69,238 | +€45,478 | +191% |
| Income taxes | 67/77 | €7,828 | €15,152 | +€7,324 | +93.6% |
| Profit (loss) for the period | 9904 | €15,932 | €54,086 | +€38,154 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €15,932 | €54,086 | +€38,154 | +239% |
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.