LR 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.
LR LAW
Largest movements
- Cash -€18,701
down €18,701 (-9.0%), from €208,456 to €189,755
mainly Contributions, distributions and other (-€270,000) and Investment in fixed assets (net) (-€6,170)
- Tangible fixed assets -€9,785
down €9,785 (-17.0%), from €57,587 to €47,803
of which Furniture and vehicles: -€15,117
- Reserves -€146,032
down €146,032 (-98.4%), from €148,415 to €2,383
- Other debts +€120,000
up €120,000 (+80.0%), from €150,000 to €270,000
- Tax, wage and social debts -€5,748
down €5,748 (-33.3%), from €17,241 to €11,493
of which Taxes: -€3,248
- Trade debts +€4,286
new in 2025: €4,286
- Gross operating margin +€47,192
up €47,192 (+36.6%), from €129,040 to €176,232
- Depreciation +€12,975
up €12,975 (+435.6%), from €2,979 to €15,954
- Taxes +€8,513
up €8,513 (+30.3%), from €28,125 to €36,638
- Other operating charges +€2,411
up €2,411 (+360.0%), from €670 to €3,081
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 | €316,767 | €289,250 | -€27,517 | -8.7% |
| Fixed assets | 21/28 | €57,587 | €47,803 | -€9,785 | -17.0% |
| Tangible fixed assets | 22/27 | €57,587 | €47,803 | -€9,785 | -17.0% |
| Furniture and vehicles | 24 | €57,587 | €42,471 | -€15,117 | -26.3% |
| Other tangible fixed assets | 26 | - | €5,332 | +€5,332 | |
| Current assets | 29/58 | €259,180 | €241,448 | -€17,733 | -6.8% |
| Amounts receivable within one year | 40/41 | €46,290 | €46,467 | +€176 | +0.4% |
| Trade receivables | 40 | €382 | €3,853 | +€3,471 | +908.9% |
| Other amounts receivable | 41 | €45,908 | €42,614 | -€3,295 | -7.2% |
| Cash at bank and in hand | 54/58 | €208,456 | €189,755 | -€18,701 | -9.0% |
| Deferred charges and accrued income | 490/1 | €4,434 | €5,226 | +€792 | +17.9% |
| Total equity and liabilities | 10/49 | €316,767 | €289,250 | -€27,517 | -8.7% |
| Equity | 10/15 | €149,415 | €3,383 | -€146,032 | -97.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €148,415 | €2,383 | -€146,032 | -98.4% |
| Distributable reserves | 133 | €148,415 | €2,383 | -€146,032 | -98.4% |
| Amounts payable | 17/49 | €167,353 | €285,867 | +€118,515 | +70.8% |
| Amounts payable within one year | 42/48 | €167,241 | €285,779 | +€118,538 | +70.9% |
| Trade debts | 44 | - | €4,286 | +€4,286 | |
| Suppliers | 440/4 | - | €4,286 | +€4,286 | |
| Taxes, remuneration and social security | 45 | €17,241 | €11,493 | -€5,748 | -33.3% |
| Taxes | 450/3 | €14,741 | €11,493 | -€3,248 | -22.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €150,000 | €270,000 | +€120,000 | +80.0% |
| Accrued charges and deferred income | 492/3 | €112 | €88 | -€23 | -21.0% |
| Non-recurring operating income | 76A | €4,997 | - | -€4,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €15,954 | +€12,975 | +435.6% |
| Other operating charges | 640/8 | €670 | €3,081 | +€2,411 | +360.0% |
| Non-recurring operating charges | 66A | €50 | €63 | +€13 | +26.2% |
| Gross operating margin | 9900 | €129,040 | €176,232 | +€47,192 | +36.6% |
| Operating profit (loss) | 9901 | €125,341 | €157,133 | +€31,792 | +25.4% |
| Financial income | 75/76B | €2,499 | €3,585 | +€1,087 | +43.5% |
| Recurring financial income | 75 | €2,499 | €3,585 | +€1,087 | +43.5% |
| Financial charges | 65/66B | €106 | €112 | +€6 | +6.0% |
| Recurring financial charges | 65 | €106 | €112 | +€6 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €127,734 | €160,606 | +€32,872 | +25.7% |
| Income taxes | 67/77 | €28,125 | €36,638 | +€8,513 | +30.3% |
| Profit (loss) for the period | 9904 | €99,609 | €123,968 | +€24,360 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,609 | €123,968 | +€24,360 | +24.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.