uLaw: 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.
uLaw
Largest movements
- Receivables within one year -€141,822
down €141,822 (-90.6%), from €156,507 to €14,685
of which Other amounts receivable: -€108,640
- Cash +€19,599
new in 2022: €19,599
mainly Receivables within one year (+€141,822) and Trade debts (+€16,888)
- Tangible fixed assets -€14,568
down €14,568 (-32.2%), from €45,214 to €30,646
- Profit (loss) carried forward -€120,724
down €120,724 (-45.8%), from -€263,564 to -€384,288
- Current portion of long-term debt -€19,233
down €19,233 (-24.1%), from €79,807 to €60,573
- Trade debts +€16,888
up €16,888 (+230.4%), from €7,329 to €24,217
- Other debts -€9,184
down €9,184 (-94.7%), from €9,694 to €510
- Accrued charges and deferred income -€4,538
no longer reported in 2022 (was €4,538)
- Gross operating margin +€44,930
up €44,930 (+30.7%), from -€146,304 to -€101,374
- Staff costs -€8,568
down €8,568, from €8,370 to -€198
- Financial charges -€6,223
down €6,223 (-70.3%), from €8,855 to €2,631
- Depreciation +€2,571
up €2,571 (+18.9%), from €13,570 to €16,141
From the 2021 result to the 2022 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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,618 | €67,827 | -€136,791 | -66.9% |
| Fixed assets | 21/28 | €48,111 | €33,543 | -€14,568 | -30.3% |
| Tangible fixed assets | 22/27 | €45,214 | €30,646 | -€14,568 | -32.2% |
| Furniture and vehicles | 24 | €45,214 | €30,646 | -€14,568 | -32.2% |
| Financial fixed assets | 28 | €2,897 | €2,897 | = | 0.0% |
| Current assets | 29/58 | €156,507 | €34,284 | -€122,223 | -78.1% |
| Amounts receivable within one year | 40/41 | €156,507 | €14,685 | -€141,822 | -90.6% |
| Trade receivables | 40 | €33,182 | - | -€33,182 | |
| Other amounts receivable | 41 | €123,325 | €14,685 | -€108,640 | -88.1% |
| Cash at bank and in hand | 54/58 | - | €19,599 | +€19,599 | |
| Total equity and liabilities | 10/49 | €204,618 | €67,827 | -€136,791 | -66.9% |
| Equity | 10/15 | -€8,564 | -€129,288 | -€120,724 | -1409.6% |
| Contributions | 10/11 | €255,000 | €255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€263,564 | -€384,288 | -€120,724 | -45.8% |
| Amounts payable | 17/49 | €213,182 | €197,115 | -€16,067 | -7.5% |
| Amounts payable after more than one year | 17 | €111,814 | €111,814 | = | 0.0% |
| Financial debts | 170/4 | €111,814 | €111,814 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,830 | €85,301 | -€11,529 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €79,807 | €60,573 | -€19,233 | -24.1% |
| Trade debts | 44 | €7,329 | €24,217 | +€16,888 | +230.4% |
| Suppliers | 440/4 | €7,329 | €24,217 | +€16,888 | +230.4% |
| Other amounts payable | 47/48 | €9,694 | €510 | -€9,184 | -94.7% |
| Accrued charges and deferred income | 492/3 | €4,538 | - | -€4,538 | |
| Remuneration, social security and pensions | 62 | €8,370 | -€198 | -€8,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,570 | €16,141 | +€2,571 | +18.9% |
| Other operating charges | 640/8 | €503 | €776 | +€273 | +54.3% |
| Gross operating margin | 9900 | -€146,304 | -€101,374 | +€44,930 | +30.7% |
| Operating profit (loss) | 9901 | -€168,747 | -€118,092 | +€50,655 | +30.0% |
| Financial charges | 65/66B | €8,855 | €2,631 | -€6,223 | -70.3% |
| Recurring financial charges | 65 | €8,855 | €2,631 | -€6,223 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | -€177,602 | -€120,724 | +€56,878 | +32.0% |
| Profit (loss) for the period | 9904 | -€177,602 | -€120,724 | +€56,878 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,602 | -€120,724 | +€56,878 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.