MN 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.
MN Law
Largest movements
- Cash +€50,535
up €50,535 (+32.5%), from €155,471 to €206,006
mainly Net result for the year (+€72,283) and Other debts (+€5,903)
- Receivables within one year +€21,691
up €21,691 (+77.8%), from €27,865 to €49,556
- Profit (loss) carried forward +€72,283
up €72,283 (+48.4%), from €149,360 to €221,643
- Tax, wage and social debts -€6,115
down €6,115 (-78.1%), from €7,832 to €1,717
- Other debts +€5,903
up €5,903 (+26.8%), from €22,001 to €27,904
- Gross operating margin +€36,921
up €36,921 (+66.8%), from €55,292 to €92,213
- Taxes +€7,627
up €7,627 (+67.0%), from €11,390 to €19,017
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 | €186,701 | €258,520 | +€71,819 | +38.5% |
| Fixed assets | 21/28 | €1,119 | €712 | -€407 | -36.4% |
| Tangible fixed assets | 22/27 | €1,119 | €712 | -€407 | -36.4% |
| Furniture and vehicles | 24 | €1,119 | €712 | -€407 | -36.4% |
| Current assets | 29/58 | €185,582 | €257,808 | +€72,226 | +38.9% |
| Amounts receivable within one year | 40/41 | €27,865 | €49,556 | +€21,691 | +77.8% |
| Other amounts receivable | 41 | €27,865 | €49,556 | +€21,691 | +77.8% |
| Cash at bank and in hand | 54/58 | €155,471 | €206,006 | +€50,535 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,246 | €2,246 | = | 0.0% |
| Total equity and liabilities | 10/49 | €186,701 | €258,520 | +€71,819 | +38.5% |
| Equity | 10/15 | €154,360 | €226,643 | +€72,283 | +46.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,360 | €221,643 | +€72,283 | +48.4% |
| Amounts payable | 17/49 | €32,340 | €31,876 | -€464 | -1.4% |
| Amounts payable within one year | 42/48 | €32,340 | €31,876 | -€464 | -1.4% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €2,508 | €2,246 | -€261 | -10.4% |
| Suppliers | 440/4 | €2,508 | €2,246 | -€261 | -10.4% |
| Taxes, remuneration and social security | 45 | €7,832 | €1,717 | -€6,115 | -78.1% |
| Taxes | 450/3 | €7,832 | €1,717 | -€6,115 | -78.1% |
| Other amounts payable | 47/48 | €22,001 | €27,904 | +€5,903 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €407 | +€303 | +292.0% |
| Other operating charges | 640/8 | €421 | €434 | +€12 | +2.9% |
| Gross operating margin | 9900 | €55,292 | €92,213 | +€36,921 | +66.8% |
| Operating profit (loss) | 9901 | €54,767 | €91,372 | +€36,605 | +66.8% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.5% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.5% |
| Financial charges | 65/66B | €59 | €72 | +€14 | +23.5% |
| Recurring financial charges | 65 | €59 | €72 | +€14 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €54,721 | €91,300 | +€36,579 | +66.8% |
| Income taxes | 67/77 | €11,390 | €19,017 | +€7,627 | +67.0% |
| Profit (loss) for the period | 9904 | €43,332 | €72,283 | +€28,952 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,332 | €72,283 | +€28,952 | +66.8% |
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 11 October 2026 via checked.be.