Lorenz Wellinger 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.
Lorenz Wellinger Law
Largest movements
- Cash +€68,890
up €68,890 (+2,756%), from €2,500 to €71,390
mainly Net result for the year (+€48,284) and Tax, wage and social debts (+€19,628)
- Receivables within one year -€931
down €931 (-62.1%), from €1,501 to €569
- Profit (loss) carried forward +€48,284
up €48,284, from -€1,042 to €47,242
- Tax, wage and social debts +€19,628
new in 2025: €19,628
- Other debts +€828
up €828 (+67.4%), from €1,229 to €2,057
- Trade debts -€781
down €781 (-59.5%), from €1,314 to €532
- Gross operating margin +€61,499
up €61,499, from -€1,042 to €60,458
- Taxes +€11,934
new in 2025: €11,934
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 | €4,001 | €71,960 | +€67,959 | +1,699% |
| Current assets | 29/58 | €4,001 | €71,960 | +€67,959 | +1,699% |
| Amounts receivable within one year | 40/41 | €1,501 | €569 | -€931 | -62.1% |
| Trade receivables | 40 | €1,501 | €569 | -€931 | -62.1% |
| Cash at bank and in hand | 54/58 | €2,500 | €71,390 | +€68,890 | +2,756% |
| Total equity and liabilities | 10/49 | €4,001 | €71,960 | +€67,959 | +1,699% |
| Equity | 10/15 | €1,458 | €49,742 | +€48,284 | +3,311% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,042 | €47,242 | +€48,284 | |
| Amounts payable | 17/49 | €2,543 | €22,218 | +€19,675 | +774% |
| Amounts payable within one year | 42/48 | €2,543 | €22,218 | +€19,675 | +774% |
| Trade debts | 44 | €1,314 | €532 | -€781 | -59.5% |
| Suppliers | 440/4 | €1,314 | €532 | -€781 | -59.5% |
| Taxes, remuneration and social security | 45 | - | €19,628 | +€19,628 | |
| Taxes | 450/3 | - | €19,628 | +€19,628 | |
| Other amounts payable | 47/48 | €1,229 | €2,057 | +€828 | +67.4% |
| Gross operating margin | 9900 | -€1,042 | €60,458 | +€61,499 | |
| Operating profit (loss) | 9901 | -€1,042 | €60,458 | +€61,499 | |
| Financial charges | 65/66B | - | €240 | +€240 | |
| Recurring financial charges | 65 | - | €240 | +€240 | |
| Profit (loss) for the period before taxes | 9903 | -€1,042 | €60,218 | +€61,259 | |
| Income taxes | 67/77 | - | €11,934 | +€11,934 | |
| Profit (loss) for the period | 9904 | -€1,042 | €48,284 | +€49,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,042 | €48,284 | +€49,326 |
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 29 October 2026 via checked.be.