R 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.
R Law
Largest movements
- Cash -€11,080
down €11,080 (-81.5%), from €13,599 to €2,519
mainly Contributions, distributions and other (-€40,254) and Investment in fixed assets (net) (-€4,340)
- Receivables within one year -€8,483
down €8,483 (-26.1%), from €32,548 to €24,065
of which Trade receivables: -€9,111
- Financial fixed assets +€2,990
new in 2025: €2,990
- Intangible fixed assets -€1,259
down €1,259 (-60.5%), from €2,080 to €821
- Reserves -€27,862
down €27,862 (-92.1%), from €30,254 to €2,392
- Other debts +€11,853
up €11,853, from €0 to €11,853
- Contributions -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Trade debts +€4,976
up €4,976 (+168%), from €2,953 to €7,929
- Advances received +€2,736
up €2,736 (+171%), from €1,602 to €4,338
- Gross operating margin -€34,545
down €34,545 (-76.6%), from €45,093 to €10,548
- Taxes -€8,691
down €8,691 (-64.7%), from €13,432 to €4,741
- Depreciation +€898
up €898 (+47.1%), from €1,907 to €2,805
- Financial income -€628
down €628 (-69.5%), from €903 to €276
- Other operating charges -€500
down €500 (-52.0%), from €962 to €462
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 | €57,428 | €39,409 | -€18,019 | -31.4% |
| Fixed assets | 21/28 | €10,938 | €12,473 | +€1,535 | +14.0% |
| Intangible fixed assets | 21 | €2,080 | €821 | -€1,259 | -60.5% |
| Tangible fixed assets | 22/27 | €8,857 | €8,661 | -€196 | -2.2% |
| Land and buildings | 22 | €3,462 | €3,066 | -€396 | -11.4% |
| Furniture and vehicles | 24 | €5,395 | €5,595 | +€200 | +3.7% |
| Financial fixed assets | 28 | - | €2,990 | +€2,990 | |
| Current assets | 29/58 | €46,490 | €26,937 | -€19,554 | -42.1% |
| Amounts receivable within one year | 40/41 | €32,548 | €24,065 | -€8,483 | -26.1% |
| Trade receivables | 40 | €30,143 | €21,032 | -€9,111 | -30.2% |
| Other amounts receivable | 41 | €2,405 | €3,033 | +€628 | +26.1% |
| Cash at bank and in hand | 54/58 | €13,599 | €2,519 | -€11,080 | -81.5% |
| Deferred charges and accrued income | 490/1 | €344 | €353 | +€9 | +2.7% |
| Total equity and liabilities | 10/49 | €57,428 | €39,409 | -€18,019 | -31.4% |
| Equity | 10/15 | €45,254 | €7,392 | -€37,862 | -83.7% |
| Contributions | 10/11 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Reserves | 13 | €30,254 | €2,392 | -€27,862 | -92.1% |
| Distributable reserves | 133 | €30,254 | €2,392 | -€27,862 | -92.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,174 | €32,017 | +€19,843 | +163% |
| Amounts payable within one year | 42/48 | €11,651 | €32,017 | +€20,366 | +175% |
| Trade debts | 44 | €2,953 | €7,929 | +€4,976 | +168% |
| Suppliers | 440/4 | €2,953 | €7,929 | +€4,976 | +168% |
| Advances received on contracts in progress | 46 | €1,602 | €4,338 | +€2,736 | +171% |
| Taxes, remuneration and social security | 45 | €7,095 | €7,897 | +€801 | +11.3% |
| Taxes | 450/3 | €7,095 | €7,897 | +€801 | +11.3% |
| Other amounts payable | 47/48 | €0 | €11,853 | +€11,853 | |
| Accrued charges and deferred income | 492/3 | €524 | €0 | -€524 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,907 | €2,805 | +€898 | +47.1% |
| Other operating charges | 640/8 | €962 | €462 | -€500 | -52.0% |
| Gross operating margin | 9900 | €45,093 | €10,548 | -€34,545 | -76.6% |
| Operating profit (loss) | 9901 | €42,225 | €7,281 | -€34,944 | -82.8% |
| Financial income | 75/76B | €903 | €276 | -€628 | -69.5% |
| Recurring financial income | 75 | €903 | €276 | -€628 | -69.5% |
| Financial charges | 65/66B | €226 | €424 | +€197 | +87.1% |
| Recurring financial charges | 65 | €226 | €424 | +€197 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €42,902 | €7,133 | -€35,768 | -83.4% |
| Income taxes | 67/77 | €13,432 | €4,741 | -€8,691 | -64.7% |
| Profit (loss) for the period | 9904 | €29,470 | €2,392 | -€27,078 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,470 | €2,392 | -€27,078 | -91.9% |
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 27 October 2026 via checked.be.