OPEN 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.
OPEN LAW
Largest movements
- Financial fixed assets +€15,000
up €15,000 (+11.4%), from €131,448 to €146,448
- Tangible fixed assets -€7,735
down €7,735 (-15.6%), from €49,743 to €42,008
of which Other tangible fixed assets: -€6,500
- Receivables within one year -€6,794
down €6,794 (-42.0%), from €16,188 to €9,394
of which Trade receivables: -€4,651
- Profit (loss) carried forward +€24,590
up €24,590 (+34.9%), from €70,525 to €95,116
- Other debts -€11,437
down €11,437 (-13.0%), from €87,857 to €76,420
- Debts after one year -€6,542
down €6,542 (-79.9%), from €8,190 to €1,648
- Advances received -€6,000
no longer reported in 2025 (was €6,000)
- Short-term financial debts +€4,251
new in 2025: €4,251
- Gross operating margin +€9,215
up €9,215 (+21.4%), from €43,055 to €52,270
- Taxes +€1,936
up €1,936 (+23.8%), from €8,132 to €10,068
- Financial charges +€829
up €829 (+10.3%), from €8,017 to €8,847
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 | €202,017 | €201,738 | -€279 | -0.1% |
| Fixed assets | 21/28 | €181,191 | €188,456 | +€7,265 | +4.0% |
| Tangible fixed assets | 22/27 | €49,743 | €42,008 | -€7,735 | -15.6% |
| Furniture and vehicles | 24 | €4,799 | €3,563 | -€1,236 | -25.7% |
| Other tangible fixed assets | 26 | €44,945 | €38,445 | -€6,500 | -14.5% |
| Financial fixed assets | 28 | €131,448 | €146,448 | +€15,000 | +11.4% |
| Current assets | 29/58 | €20,826 | €13,282 | -€7,544 | -36.2% |
| Amounts receivable within one year | 40/41 | €16,188 | €9,394 | -€6,794 | -42.0% |
| Trade receivables | 40 | €7,245 | €2,594 | -€4,651 | -64.2% |
| Other amounts receivable | 41 | €8,943 | €6,799 | -€2,143 | -24.0% |
| Cash at bank and in hand | 54/58 | €3,069 | €1,186 | -€1,883 | -61.4% |
| Deferred charges and accrued income | 490/1 | €1,570 | €2,703 | +€1,134 | +72.2% |
| Total equity and liabilities | 10/49 | €202,017 | €201,738 | -€279 | -0.1% |
| Equity | 10/15 | €73,525 | €98,116 | +€24,590 | +33.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,525 | €95,116 | +€24,590 | +34.9% |
| Amounts payable | 17/49 | €128,492 | €103,622 | -€24,869 | -19.4% |
| Amounts payable after more than one year | 17 | €8,190 | €1,648 | -€6,542 | -79.9% |
| Financial debts | 170/4 | €8,190 | €1,648 | -€6,542 | -79.9% |
| Amounts payable within one year | 42/48 | €115,791 | €96,560 | -€19,231 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,720 | €6,542 | -€4,178 | -39.0% |
| Financial debts | 43 | - | €4,251 | +€4,251 | |
| Credit institutions | 430/8 | - | €4,251 | +€4,251 | |
| Trade debts | 44 | €8,783 | €6,348 | -€2,435 | -27.7% |
| Suppliers | 440/4 | €8,783 | €6,348 | -€2,435 | -27.7% |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | €2,431 | €3,000 | +€569 | +23.4% |
| Taxes | 450/3 | €2,431 | €3,000 | +€569 | +23.4% |
| Other amounts payable | 47/48 | €87,857 | €76,420 | -€11,437 | -13.0% |
| Accrued charges and deferred income | 492/3 | €4,511 | €5,414 | +€903 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,267 | €7,735 | +€468 | +6.4% |
| Other operating charges | 640/8 | €1,051 | €1,029 | -€21 | -2.0% |
| Gross operating margin | 9900 | €43,055 | €52,270 | +€9,215 | +21.4% |
| Operating profit (loss) | 9901 | €34,737 | €43,505 | +€8,768 | +25.2% |
| Financial charges | 65/66B | €8,017 | €8,847 | +€829 | +10.3% |
| Recurring financial charges | 65 | €8,017 | €8,847 | +€829 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €26,720 | €34,658 | +€7,939 | +29.7% |
| Income taxes | 67/77 | €8,132 | €10,068 | +€1,936 | +23.8% |
| Profit (loss) for the period | 9904 | €18,587 | €24,590 | +€6,003 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,587 | €24,590 | +€6,003 | +32.3% |
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 27 October 2026 via checked.be.