MY 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.
MY LAW
Largest movements
- Tangible fixed assets -€167,440
down €167,440 (-93.7%), from €178,622 to €11,182
of which Land and buildings: -€160,433
- Receivables within one year +€81,736
up €81,736 (+934%), from €8,752 to €90,488
of which Trade receivables: +€69,675
- Deferred charges and accrued income -€66,282
down €66,282 (-98.0%), from €67,602 to €1,321
- Cash +€59,527
up €59,527 (+131,698%), from €45 to €59,573
mainly Investment in fixed assets (net) (+€159,308) and Deferred charges and accrued income (+€66,282)
- Debts after one year -€123,848
down €123,848 (-98.3%), from €125,965 to €2,117
- Reserves +€63,449
up €63,449 (+229%), from €27,767 to €91,215
- Other debts -€31,493
down €31,493 (-96.4%), from €32,664 to €1,170
- Current portion of long-term debt -€9,929
down €9,929 (-54.3%), from €18,300 to €8,371
- Tax, wage and social debts +€9,823
up €9,823 (+77.2%), from €12,720 to €22,543
- Gross operating margin +€62,590
up €62,590 (+164%), from €38,172 to €100,761
- Taxes +€14,570
up €14,570 (+247%), from €5,890 to €20,460
- Depreciation -€4,024
down €4,024 (-33.1%), from €12,155 to €8,131
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 | €255,021 | €162,563 | -€92,458 | -36.3% |
| Fixed assets | 21/28 | €178,622 | €11,182 | -€167,440 | -93.7% |
| Tangible fixed assets | 22/27 | €178,622 | €11,182 | -€167,440 | -93.7% |
| Land and buildings | 22 | €160,433 | €0 | -€160,433 | -100% |
| Plant, machinery and equipment | 23 | €949 | €1,213 | +€265 | +27.9% |
| Furniture and vehicles | 24 | €17,240 | €9,968 | -€7,271 | -42.2% |
| Current assets | 29/58 | €76,399 | €151,381 | +€74,982 | +98.1% |
| Amounts receivable within one year | 40/41 | €8,752 | €90,488 | +€81,736 | +934% |
| Trade receivables | 40 | €8,752 | €78,427 | +€69,675 | +796% |
| Other amounts receivable | 41 | €0 | €12,061 | +€12,061 | |
| Cash at bank and in hand | 54/58 | €45 | €59,573 | +€59,527 | +131,698% |
| Deferred charges and accrued income | 490/1 | €67,602 | €1,321 | -€66,282 | -98.0% |
| Total equity and liabilities | 10/49 | €255,021 | €162,563 | -€92,458 | -36.3% |
| Equity | 10/15 | €52,767 | €116,215 | +€63,449 | +120% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €27,767 | €91,215 | +€63,449 | +229% |
| Distributable reserves | 133 | €27,767 | €91,215 | +€63,449 | +229% |
| Amounts payable | 17/49 | €202,255 | €46,348 | -€155,907 | -77.1% |
| Amounts payable after more than one year | 17 | €125,965 | €2,117 | -€123,848 | -98.3% |
| Financial debts | 170/4 | €125,965 | €2,117 | -€123,848 | -98.3% |
| Amounts payable within one year | 42/48 | €70,105 | €37,685 | -€32,420 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €18,300 | €8,371 | -€9,929 | -54.3% |
| Financial debts | 43 | €636 | €1,119 | +€483 | +75.9% |
| Credit institutions | 430/8 | €636 | €1,119 | +€483 | +75.9% |
| Trade debts | 44 | €5,786 | €4,483 | -€1,303 | -22.5% |
| Suppliers | 440/4 | €5,786 | €4,483 | -€1,303 | -22.5% |
| Taxes, remuneration and social security | 45 | €12,720 | €22,543 | +€9,823 | +77.2% |
| Taxes | 450/3 | €12,720 | €22,543 | +€9,823 | +77.2% |
| Other amounts payable | 47/48 | €32,664 | €1,170 | -€31,493 | -96.4% |
| Accrued charges and deferred income | 492/3 | €6,185 | €6,545 | +€361 | +5.8% |
| Non-recurring operating income | 76A | - | €59,567 | +€59,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,155 | €8,131 | -€4,024 | -33.1% |
| Other operating charges | 640/8 | €2,479 | €3,406 | +€927 | +37.4% |
| Gross operating margin | 9900 | €38,172 | €100,761 | +€62,590 | +164% |
| Operating profit (loss) | 9901 | €23,537 | €89,224 | +€65,687 | +279% |
| Financial income | 75/76B | €8 | €410 | +€402 | +4,938% |
| Recurring financial income | 75 | €8 | €410 | +€402 | +4,938% |
| Financial charges | 65/66B | €5,358 | €5,725 | +€367 | +6.8% |
| Recurring financial charges | 65 | €5,358 | €5,725 | +€367 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €18,187 | €83,909 | +€65,722 | +361% |
| Income taxes | 67/77 | €5,890 | €20,460 | +€14,570 | +247% |
| Profit (loss) for the period | 9904 | €12,297 | €63,449 | +€51,152 | +416% |
| Profit (loss) for the period to be appropriated | 9905 | €12,297 | €63,449 | +€51,152 | +416% |
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 24 October 2026 via checked.be.