PN 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.
PN Law
Largest movements
- Cash +€54,252
up €54,252 (+126%), from €43,016 to €97,268
mainly Net result for the year (+€41,372) and Tax, wage and social debts (+€11,256)
- Reserves +€41,372
up €41,372 (+115%), from €36,001 to €77,372
- Tax, wage and social debts +€11,256
up €11,256 (+304%), from €3,701 to €14,957
- Trade debts +€1,654
up €1,654 (+421%), from €393 to €2,047
- Taxes -€2,908
down €2,908 (-21.4%), from €13,611 to €10,703
- Gross operating margin +€2,607
up €2,607 (+5.3%), from €49,650 to €52,257
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 | €44,405 | €99,438 | +€55,033 | +124% |
| Current assets | 29/58 | €44,405 | €99,438 | +€55,033 | +124% |
| Amounts receivable within one year | 40/41 | €1,389 | €2,170 | +€781 | +56.2% |
| Trade receivables | 40 | - | €2,170 | +€2,170 | |
| Other amounts receivable | 41 | €1,389 | €0 | -€1,389 | -100% |
| Cash at bank and in hand | 54/58 | €43,016 | €97,268 | +€54,252 | +126% |
| Total equity and liabilities | 10/49 | €44,405 | €99,438 | +€55,033 | +124% |
| Equity | 10/15 | €39,001 | €80,372 | +€41,372 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,001 | €77,372 | +€41,372 | +115% |
| Distributable reserves | 133 | €36,001 | €77,372 | +€41,372 | +115% |
| Amounts payable | 17/49 | €5,404 | €19,066 | +€13,662 | +253% |
| Amounts payable within one year | 42/48 | €5,404 | €19,066 | +€13,662 | +253% |
| Trade debts | 44 | €393 | €2,047 | +€1,654 | +421% |
| Suppliers | 440/4 | €393 | €2,047 | +€1,654 | +421% |
| Taxes, remuneration and social security | 45 | €3,701 | €14,957 | +€11,256 | +304% |
| Taxes | 450/3 | €3,701 | €14,957 | +€11,256 | +304% |
| Other amounts payable | 47/48 | €1,310 | €2,062 | +€751 | +57.3% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €49,650 | €52,257 | +€2,607 | +5.3% |
| Operating profit (loss) | 9901 | €49,650 | €52,113 | +€2,463 | +5.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €39 | €38 | -€1 | -3.6% |
| Recurring financial charges | 65 | €39 | €38 | -€1 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €49,612 | €52,075 | +€2,463 | +5.0% |
| Income taxes | 67/77 | €13,611 | €10,703 | -€2,908 | -21.4% |
| Profit (loss) for the period | 9904 | €36,001 | €41,372 | +€5,371 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,001 | €41,372 | +€5,371 | +14.9% |
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 1 November 2026 via checked.be.