SZ 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.
SZ Law
Largest movements
- Receivables within one year +€100,142
up €100,142 (+1,175%), from €8,521 to €108,663
of which Other amounts receivable: +€104,188
- Cash -€58,718
down €58,718 (-80.1%), from €73,286 to €14,567
mainly Receivables within one year (-€100,142) and Smaller working-capital items (-€146)
- Profit (loss) carried forward +€41,314
up €41,314 (+55.5%), from €74,457 to €115,771
- Gross operating margin +€5,309
up €5,309 (+10.4%), from €51,287 to €56,596
- Financial income +€2,302
new in 2025: €2,302
- Taxes +€2,012
up €2,012 (+14.3%), from €14,102 to €16,114
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 | €82,319 | €123,487 | +€41,168 | +50.0% |
| Fixed assets | 21/28 | €512 | €256 | -€256 | -50.0% |
| Tangible fixed assets | 22/27 | €512 | €256 | -€256 | -50.0% |
| Furniture and vehicles | 24 | €512 | €256 | -€256 | -50.0% |
| Current assets | 29/58 | €81,807 | €123,231 | +€41,424 | +50.6% |
| Amounts receivable within one year | 40/41 | €8,521 | €108,663 | +€100,142 | +1,175% |
| Trade receivables | 40 | €7,930 | €3,884 | -€4,046 | -51.0% |
| Other amounts receivable | 41 | €591 | €104,779 | +€104,188 | +17,623% |
| Cash at bank and in hand | 54/58 | €73,286 | €14,567 | -€58,718 | -80.1% |
| Total equity and liabilities | 10/49 | €82,319 | €123,487 | +€41,168 | +50.0% |
| Equity | 10/15 | €76,957 | €118,271 | +€41,314 | +53.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,457 | €115,771 | +€41,314 | +55.5% |
| Amounts payable | 17/49 | €5,361 | €5,216 | -€146 | -2.7% |
| Amounts payable within one year | 42/48 | €5,361 | €5,216 | -€146 | -2.7% |
| Trade debts | 44 | €45 | €85 | +€40 | +88.9% |
| Suppliers | 440/4 | €45 | €85 | +€40 | +88.9% |
| Taxes, remuneration and social security | 45 | €5,316 | €5,131 | -€186 | -3.5% |
| Taxes | 450/3 | €5,316 | €5,131 | -€186 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €256 | = | 0.0% |
| Other operating charges | 640/8 | €858 | €886 | +€28 | +3.3% |
| Gross operating margin | 9900 | €51,287 | €56,596 | +€5,309 | +10.4% |
| Operating profit (loss) | 9901 | €50,173 | €55,454 | +€5,281 | +10.5% |
| Financial income | 75/76B | - | €2,302 | +€2,302 | |
| Recurring financial income | 75 | - | €2,302 | +€2,302 | |
| Financial charges | 65/66B | €406 | €328 | -€77 | -19.1% |
| Recurring financial charges | 65 | €406 | €328 | -€77 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €49,767 | €57,427 | +€7,660 | +15.4% |
| Income taxes | 67/77 | €14,102 | €16,114 | +€2,012 | +14.3% |
| Profit (loss) for the period | 9904 | €35,665 | €41,314 | +€5,649 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,665 | €41,314 | +€5,649 | +15.8% |
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 28 October 2026 via checked.be.