LEGAL PLAN: what changed
LEGAL PLAN
Largest movements
- Receivables within one year +€33,276
up €33,276 (+51.0%), from €65,249 to €98,525
- Cash -€12,918
down €12,918 (-11.4%), from €113,067 to €100,149
mainly Contributions, distributions and other (-€62,084) and Receivables within one year (-€33,276)
- Reserves +€21,050
up €21,050 (+32.7%), from €64,303 to €85,353
of which Tax-exempt reserves: +€21,050
- Tax, wage and social debts -€10,231
down €10,231 (-33.8%), from €30,293 to €20,062
of which Taxes: -€10,231
- Short-term financial debts +€10,000
new in 2025: €10,000
- Gross operating margin -€56,115
down €56,115 (-34.8%), from €161,120 to €105,005
- Taxes -€18,345
down €18,345 (-46.2%), from €39,717 to €21,372
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 | €178,984 | €198,674 | +€19,690 | +11.0% |
| Current assets | 29/58 | €178,984 | €198,674 | +€19,690 | +11.0% |
| Amounts receivable within one year | 40/41 | €65,249 | €98,525 | +€33,276 | +51.0% |
| Trade receivables | 40 | €65,249 | €98,525 | +€33,276 | +51.0% |
| Cash at bank and in hand | 54/58 | €113,067 | €100,149 | -€12,918 | -11.4% |
| Deferred charges and accrued income | 490/1 | €668 | €0 | -€668 | -100% |
| Total equity and liabilities | 10/49 | €178,984 | €198,674 | +€19,690 | +11.0% |
| Equity | 10/15 | €82,903 | €103,953 | +€21,050 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,303 | €85,353 | +€21,050 | +32.7% |
| Non-distributable reserves | 130/1 | €1,153 | €1,153 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,153 | €1,153 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €84,200 | +€21,050 | +33.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,081 | €94,721 | -€1,360 | -1.4% |
| Amounts payable within one year | 42/48 | €96,081 | €94,721 | -€1,360 | -1.4% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €2,769 | €2,575 | -€194 | -7.0% |
| Suppliers | 440/4 | €2,769 | €2,575 | -€194 | -7.0% |
| Taxes, remuneration and social security | 45 | €30,293 | €20,062 | -€10,231 | -33.8% |
| Taxes | 450/3 | €30,293 | €20,062 | -€10,231 | -33.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,019 | €62,084 | -€935 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,674 | €520 | -€1,153 | -68.9% |
| Other operating charges | 640/8 | €387 | €480 | +€92 | +23.9% |
| Gross operating margin | 9900 | €161,120 | €105,005 | -€56,115 | -34.8% |
| Operating profit (loss) | 9901 | €159,059 | €104,005 | -€55,054 | -34.6% |
| Financial income | 75/76B | €582 | €619 | +€37 | +6.4% |
| Recurring financial income | 75 | €582 | €619 | +€37 | +6.4% |
| Financial charges | 65/66B | €281 | €117 | -€163 | -58.2% |
| Recurring financial charges | 65 | €281 | €117 | -€163 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €159,360 | €104,506 | -€54,854 | -34.4% |
| Income taxes | 67/77 | €39,717 | €21,372 | -€18,345 | -46.2% |
| Profit (loss) for the period | 9904 | €119,643 | €83,134 | -€36,509 | -30.5% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €21,050 | -€42,100 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,493 | €62,084 | +€5,591 | +9.9% |
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 2 November 2026 via checked.be.