SD LAW BV: 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.
SD LAW BV
Largest movements
- Cash +€42,296
up €42,296 (+153%), from €27,633 to €69,929
mainly Other debts (+€24,000) and Net result for the year (+€16,183)
- Current investments -€15,000
down €15,000 (-100%), from €15,000 to €0
- Receivables within one year -€7,751
down €7,751 (-54.2%), from €14,315 to €6,563
of which Trade receivables: -€11,066
- Other debts +€24,000
new in 2025: €24,000
- Reserves -€13,817
down €13,817 (-27.5%), from €50,230 to €36,414
- Tax, wage and social debts +€5,880
up €5,880 (+72.0%), from €8,161 to €14,041
- Short-term financial debts +€2,858
up €2,858 (+564%), from €507 to €3,365
- Trade debts -€967
down €967 (-50.8%), from €1,901 to €935
- Gross operating margin +€6,385
up €6,385 (+36.4%), from €17,544 to €23,929
- Taxes +€1,647
up €1,647 (+42.3%), from €3,894 to €5,541
- Financial income +€468
up €468 (+1,559,233%), from €0 to €468
- Financial charges -€270
down €270 (-17.5%), from €1,544 to €1,274
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 | €64,306 | €82,978 | +€18,672 | +29.0% |
| Fixed assets | 21/28 | €3,819 | €3,080 | -€739 | -19.4% |
| Tangible fixed assets | 22/27 | €3,819 | €3,080 | -€739 | -19.4% |
| Furniture and vehicles | 24 | €420 | €32 | -€388 | -92.3% |
| Other tangible fixed assets | 26 | €3,399 | €3,048 | -€352 | -10.3% |
| Current assets | 29/58 | €60,487 | €79,898 | +€19,411 | +32.1% |
| Amounts receivable within one year | 40/41 | €14,315 | €6,563 | -€7,751 | -54.2% |
| Trade receivables | 40 | €12,377 | €1,311 | -€11,066 | -89.4% |
| Other amounts receivable | 41 | €1,937 | €5,252 | +€3,315 | +171% |
| Current investments | 50/53 | €15,000 | €0 | -€15,000 | -100% |
| Cash at bank and in hand | 54/58 | €27,633 | €69,929 | +€42,296 | +153% |
| Deferred charges and accrued income | 490/1 | €3,539 | €3,406 | -€134 | -3.8% |
| Total equity and liabilities | 10/49 | €64,306 | €82,978 | +€18,672 | +29.0% |
| Equity | 10/15 | €53,230 | €39,414 | -€13,817 | -26.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,230 | €36,414 | -€13,817 | -27.5% |
| Distributable reserves | 133 | €50,230 | €36,414 | -€13,817 | -27.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,075 | €43,564 | +€32,489 | +293% |
| Amounts payable within one year | 42/48 | €10,570 | €42,341 | +€31,771 | +301% |
| Financial debts | 43 | €507 | €3,365 | +€2,858 | +564% |
| Credit institutions | 430/8 | €507 | €3,365 | +€2,858 | +564% |
| Trade debts | 44 | €1,901 | €935 | -€967 | -50.8% |
| Suppliers | 440/4 | €1,901 | €935 | -€967 | -50.8% |
| Taxes, remuneration and social security | 45 | €8,161 | €14,041 | +€5,880 | +72.0% |
| Taxes | 450/3 | €8,161 | €14,041 | +€5,880 | +72.0% |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Accrued charges and deferred income | 492/3 | €505 | €1,223 | +€718 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €739 | +€98 | +15.2% |
| Other operating charges | 640/8 | €641 | €660 | +€19 | +3.0% |
| Gross operating margin | 9900 | €17,544 | €23,929 | +€6,385 | +36.4% |
| Operating profit (loss) | 9901 | €16,262 | €22,530 | +€6,268 | +38.5% |
| Financial income | 75/76B | €0 | €468 | +€468 | +1,559,233% |
| Recurring financial income | 75 | €0 | €468 | +€468 | +1,559,233% |
| Financial charges | 65/66B | €1,544 | €1,274 | -€270 | -17.5% |
| Recurring financial charges | 65 | €1,544 | €1,274 | -€270 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €14,718 | €21,724 | +€7,006 | +47.6% |
| Income taxes | 67/77 | €3,894 | €5,541 | +€1,647 | +42.3% |
| Profit (loss) for the period | 9904 | €10,824 | €16,183 | +€5,359 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,824 | €16,183 | +€5,359 | +49.5% |
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 31 October 2026 via checked.be.