LET LAW: what changed
Two fiscal 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.
LET LAW
Largest movements
- Cash +€31,826
up €31,826 (+76.4%), from €41,656 to €73,481
mainly Provisions (+€29,780) and Net result for the year (+€8,089)
- Current investments +€11,500
new in 2025: €11,500
- Receivables within one year +€4,865
new in 2025: €4,865
of which Other amounts receivable: +€3,556
- Tangible fixed assets -€3,000
down €3,000 (-47.3%), from €6,345 to €3,345
- Provisions +€29,780
new in 2025: €29,780
- Tax, wage and social debts +€7,699
up €7,699 (+92.3%), from €8,342 to €16,041
- Profit (loss) carried forward +€7,256
up €7,256 (+2303.3%), from €315 to €7,571
- Trade debts +€980
up €980 (+352.6%), from €278 to €1,258
- Provisions +€29,780
new in 2025: €29,780
- Gross operating margin +€13,278
up €13,278 (+32.8%), from €40,495 to €53,772
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.
Cash bridge derived
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 | €48,000 | €93,650 | +€45,650 | +95.1% |
| Fixed assets | 21/28 | €6,345 | €3,345 | -€3,000 | -47.3% |
| Tangible fixed assets | 22/27 | €6,345 | €3,345 | -€3,000 | -47.3% |
| Furniture and vehicles | 24 | €6,345 | €3,345 | -€3,000 | -47.3% |
| Current assets | 29/58 | €41,656 | €90,306 | +€48,650 | +116.8% |
| Amounts receivable within one year | 40/41 | - | €4,865 | +€4,865 | |
| Trade receivables | 40 | - | €1,309 | +€1,309 | |
| Other amounts receivable | 41 | - | €3,556 | +€3,556 | |
| Current investments | 50/53 | - | €11,500 | +€11,500 | |
| Cash at bank and in hand | 54/58 | €41,656 | €73,481 | +€31,826 | +76.4% |
| Deferred charges and accrued income | 490/1 | - | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €48,000 | €93,650 | +€45,650 | +95.1% |
| Equity | 10/15 | €39,315 | €46,571 | +€7,256 | +18.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315 | €7,571 | +€7,256 | +2303.3% |
| Provisions and deferred taxes | 16 | - | €29,780 | +€29,780 | |
| Provisions for liabilities and charges | 160/5 | - | €29,780 | +€29,780 | |
| Other liabilities and charges | 164/5 | - | €29,780 | +€29,780 | |
| Amounts payable | 17/49 | €8,685 | €17,299 | +€8,613 | +99.2% |
| Amounts payable within one year | 42/48 | €8,685 | €17,299 | +€8,613 | +99.2% |
| Trade debts | 44 | €278 | €1,258 | +€980 | +352.6% |
| Suppliers | 440/4 | €278 | €1,258 | +€980 | +352.6% |
| Taxes, remuneration and social security | 45 | €8,342 | €16,041 | +€7,699 | +92.3% |
| Taxes | 450/3 | €8,342 | €16,041 | +€7,699 | +92.3% |
| Other amounts payable | 47/48 | €66 | - | -€66 | |
| Remuneration, social security and pensions | 62 | €1,658 | €1,658 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,655 | €3,000 | +€345 | +13.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,780 | +€29,780 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €40,495 | €53,772 | +€13,278 | +32.8% |
| Operating profit (loss) | 9901 | €35,793 | €18,934 | -€16,860 | -47.1% |
| Financial income | 75/76B | €35 | €281 | +€246 | +703.7% |
| Recurring financial income | 75 | €35 | €281 | +€246 | +703.7% |
| Financial charges | 65/66B | €88 | €451 | +€363 | +413.4% |
| Recurring financial charges | 65 | €88 | €451 | +€363 | +413.4% |
| Profit (loss) for the period before taxes | 9903 | €35,741 | €18,765 | -€16,976 | -47.5% |
| Income taxes | 67/77 | €10,691 | €10,675 | -€15 | -0.1% |
| Profit (loss) for the period | 9904 | €25,050 | €8,089 | -€16,961 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,050 | €8,089 | -€16,961 | -67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.