MR 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.
MR LAW
Largest movements
- Receivables within one year +€77,682
up €77,682 (+105,446%), from €74 to €77,756
of which Other amounts receivable: +€77,756
- Cash -€59,627
down €59,627 (-78.9%), from €75,604 to €15,976
mainly Receivables within one year (-€77,682) and Investment in fixed assets (net) (-€9,388)
- Deferred charges and accrued income +€6,582
up €6,582 (+58.4%), from €11,271 to €17,853
- Tangible fixed assets +€3,287
up €3,287 (+7.1%), from €46,408 to €49,695
- Advances received +€18,215
new in 2025: €18,215
- Reserves +€13,248
up €13,248 (+13.7%), from €96,964 to €110,212
- Tax, wage and social debts -€5,481
down €5,481 (-22.4%), from €24,503 to €19,022
- Gross operating margin -€30,619
down €30,619 (-55.2%), from €55,494 to €24,875
- Taxes -€5,443
down €5,443 (-50.7%), from €10,741 to €5,297
- Depreciation +€2,354
up €2,354 (+62.8%), from €3,748 to €6,101
- Financial income +€1,022
up €1,022 (+1,924%), from €53 to €1,075
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 | €133,356 | €161,280 | +€27,924 | +20.9% |
| Fixed assets | 21/28 | €46,408 | €49,695 | +€3,287 | +7.1% |
| Tangible fixed assets | 22/27 | €46,408 | €49,695 | +€3,287 | +7.1% |
| Plant, machinery and equipment | 23 | €46,408 | €49,695 | +€3,287 | +7.1% |
| Current assets | 29/58 | €86,948 | €111,585 | +€24,637 | +28.3% |
| Amounts receivable within one year | 40/41 | €74 | €77,756 | +€77,682 | +105,446% |
| Trade receivables | 40 | €74 | - | -€74 | |
| Other amounts receivable | 41 | - | €77,756 | +€77,756 | |
| Cash at bank and in hand | 54/58 | €75,604 | €15,976 | -€59,627 | -78.9% |
| Deferred charges and accrued income | 490/1 | €11,271 | €17,853 | +€6,582 | +58.4% |
| Total equity and liabilities | 10/49 | €133,356 | €161,280 | +€27,924 | +20.9% |
| Equity | 10/15 | €98,964 | €112,212 | +€13,248 | +13.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,964 | €110,212 | +€13,248 | +13.7% |
| Distributable reserves | 133 | €96,964 | €110,212 | +€13,248 | +13.7% |
| Amounts payable | 17/49 | €34,392 | €49,068 | +€14,676 | +42.7% |
| Amounts payable within one year | 42/48 | €34,392 | €49,068 | +€14,676 | +42.7% |
| Trade debts | 44 | €781 | €1,875 | +€1,095 | +140% |
| Suppliers | 440/4 | €781 | €1,875 | +€1,095 | +140% |
| Advances received on contracts in progress | 46 | - | €18,215 | +€18,215 | |
| Taxes, remuneration and social security | 45 | €24,503 | €19,022 | -€5,481 | -22.4% |
| Taxes | 450/3 | €24,503 | €19,022 | -€5,481 | -22.4% |
| Other amounts payable | 47/48 | €9,108 | €9,956 | +€848 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,748 | €6,101 | +€2,354 | +62.8% |
| Other operating charges | 640/8 | €255 | €539 | +€285 | +112% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €55,494 | €24,875 | -€30,619 | -55.2% |
| Operating profit (loss) | 9901 | €51,492 | €17,857 | -€33,636 | -65.3% |
| Financial income | 75/76B | €53 | €1,075 | +€1,022 | +1,924% |
| Recurring financial income | 75 | €53 | €1,075 | +€1,022 | +1,924% |
| Financial charges | 65/66B | €103 | €387 | +€284 | +275% |
| Recurring financial charges | 65 | €103 | €387 | +€284 | +275% |
| Profit (loss) for the period before taxes | 9903 | €51,442 | €18,545 | -€32,897 | -63.9% |
| Income taxes | 67/77 | €10,741 | €5,297 | -€5,443 | -50.7% |
| Profit (loss) for the period | 9904 | €40,702 | €13,248 | -€27,454 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,702 | €13,248 | -€27,454 | -67.5% |
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 16 October 2026 via checked.be.