SF 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.
SF Law
Largest movements
- Cash +€22,675
up €22,675 (+404%), from €5,611 to €28,286
mainly Receivables within one year (+€19,634) and Net result for the year (+€12,217)
- Receivables within one year -€19,634
down €19,634 (-74.7%), from €26,289 to €6,655
- Tangible fixed assets +€5,988
up €5,988 (+169%), from €3,547 to €9,535
- Profit (loss) carried forward +€12,217
up €12,217 (+73,372%), from €17 to €12,233
- Trade debts -€4,801
down €4,801 (-99.0%), from €4,851 to €51
- Other debts +€1,599
up €1,599 (+397%), from €403 to €2,001
- Gross operating margin -€15,619
down €15,619 (-46.7%), from €33,417 to €17,798
- Taxes -€6,462
down €6,462 (-60.6%), from €10,669 to €4,207
- Other operating charges -€897
no longer reported in 2025 (was €897)
- Depreciation +€831
up €831 (+211%), from €394 to €1,225
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 | €35,447 | €44,475 | +€9,029 | +25.5% |
| Fixed assets | 21/28 | €3,547 | €9,535 | +€5,988 | +169% |
| Tangible fixed assets | 22/27 | €3,547 | €9,535 | +€5,988 | +169% |
| Furniture and vehicles | 24 | €3,547 | €9,535 | +€5,988 | +169% |
| Current assets | 29/58 | €31,900 | €34,941 | +€3,041 | +9.5% |
| Amounts receivable within one year | 40/41 | €26,289 | €6,655 | -€19,634 | -74.7% |
| Trade receivables | 40 | €26,289 | €6,655 | -€19,634 | -74.7% |
| Cash at bank and in hand | 54/58 | €5,611 | €28,286 | +€22,675 | +404% |
| Total equity and liabilities | 10/49 | €35,447 | €44,475 | +€9,029 | +25.5% |
| Equity | 10/15 | €23,971 | €36,188 | +€12,217 | +51.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,455 | €21,455 | = | 0.0% |
| Distributable reserves | 133 | €21,455 | €21,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17 | €12,233 | +€12,217 | +73,372% |
| Amounts payable | 17/49 | €11,476 | €8,288 | -€3,188 | -27.8% |
| Amounts payable within one year | 42/48 | €11,476 | €8,288 | -€3,188 | -27.8% |
| Trade debts | 44 | €4,851 | €51 | -€4,801 | -99.0% |
| Suppliers | 440/4 | €4,851 | €51 | -€4,801 | -99.0% |
| Taxes, remuneration and social security | 45 | €6,222 | €6,236 | +€14 | +0.2% |
| Taxes | 450/3 | €6,222 | €6,236 | +€14 | +0.2% |
| Other amounts payable | 47/48 | €403 | €2,001 | +€1,599 | +397% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €1,225 | +€831 | +211% |
| Other operating charges | 640/8 | €897 | - | -€897 | |
| Gross operating margin | 9900 | €33,417 | €17,798 | -€15,619 | -46.7% |
| Operating profit (loss) | 9901 | €32,125 | €16,573 | -€15,552 | -48.4% |
| Financial income | 75/76B | €15 | €5 | -€10 | -69.1% |
| Recurring financial income | 75 | €15 | €5 | -€10 | -69.1% |
| Financial charges | 65/66B | €0 | €154 | +€154 | +771,050% |
| Recurring financial charges | 65 | €0 | €154 | +€154 | +771,050% |
| Profit (loss) for the period before taxes | 9903 | €32,140 | €16,423 | -€15,717 | -48.9% |
| Income taxes | 67/77 | €10,669 | €4,207 | -€6,462 | -60.6% |
| Profit (loss) for the period | 9904 | €21,471 | €12,217 | -€9,255 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,471 | €12,217 | -€9,255 | -43.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.