UP-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.
UP-LAW
Largest movements
- Cash -€43,651
down €43,651 (-72.6%), from €60,116 to €16,465
mainly Contributions, distributions and other (-€100,000) and Other debts (-€70,400)
- Receivables within one year -€21,785
down €21,785 (-91.6%), from €23,789 to €2,004
of which Trade receivables: -€19,045
- Tangible fixed assets +€2,586
up €2,586 (+16.2%), from €15,970 to €18,556
of which Other tangible fixed assets: +€3,984
- Other debts -€70,400
down €70,400 (-99.2%), from €71,000 to €600
- Tax, wage and social debts +€10,797
up €10,797 (+89.8%), from €12,018 to €22,815
- Profit (loss) carried forward -€2,992
down €2,992 (-18.0%), from €16,615 to €13,623
- Gross operating margin +€24,808
up €24,808 (+22.4%), from €110,606 to €135,413
- Taxes +€7,144
up €7,144 (+26.1%), from €27,322 to €34,466
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 | €100,042 | €37,741 | -€62,301 | -62.3% |
| Fixed assets | 21/28 | €15,970 | €18,556 | +€2,586 | +16.2% |
| Tangible fixed assets | 22/27 | €15,970 | €18,556 | +€2,586 | +16.2% |
| Plant, machinery and equipment | 23 | €2,136 | €1,462 | -€674 | -31.6% |
| Furniture and vehicles | 24 | €2,056 | €1,331 | -€725 | -35.3% |
| Other tangible fixed assets | 26 | €11,779 | €15,763 | +€3,984 | +33.8% |
| Current assets | 29/58 | €84,072 | €19,185 | -€64,887 | -77.2% |
| Amounts receivable within one year | 40/41 | €23,789 | €2,004 | -€21,785 | -91.6% |
| Trade receivables | 40 | €20,997 | €1,952 | -€19,045 | -90.7% |
| Other amounts receivable | 41 | €2,792 | €51 | -€2,740 | -98.2% |
| Current investments | 50/53 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €60,116 | €16,465 | -€43,651 | -72.6% |
| Deferred charges and accrued income | 490/1 | €168 | €177 | +€9 | +5.6% |
| Total equity and liabilities | 10/49 | €100,042 | €37,741 | -€62,301 | -62.3% |
| Equity | 10/15 | €16,616 | €13,624 | -€2,992 | -18.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,615 | €13,623 | -€2,992 | -18.0% |
| Amounts payable | 17/49 | €83,427 | €24,117 | -€59,309 | -71.1% |
| Amounts payable within one year | 42/48 | €83,427 | €24,117 | -€59,309 | -71.1% |
| Trade debts | 44 | €409 | €702 | +€294 | +71.9% |
| Suppliers | 440/4 | €409 | €702 | +€294 | +71.9% |
| Taxes, remuneration and social security | 45 | €12,018 | €22,815 | +€10,797 | +89.8% |
| Taxes | 450/3 | €12,018 | €22,815 | +€10,797 | +89.8% |
| Other amounts payable | 47/48 | €71,000 | €600 | -€70,400 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,308 | €2,736 | +€428 | +18.6% |
| Other operating charges | 640/8 | €2,040 | €1,057 | -€983 | -48.2% |
| Gross operating margin | 9900 | €110,606 | €135,413 | +€24,808 | +22.4% |
| Operating profit (loss) | 9901 | €106,258 | €131,620 | +€25,362 | +23.9% |
| Financial income | 75/76B | €90 | €5 | -€85 | -94.9% |
| Recurring financial income | 75 | €90 | €5 | -€85 | -94.9% |
| Financial charges | 65/66B | €185 | €150 | -€34 | -18.7% |
| Recurring financial charges | 65 | €185 | €150 | -€34 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €106,163 | €131,474 | +€25,311 | +23.8% |
| Income taxes | 67/77 | €27,322 | €34,466 | +€7,144 | +26.1% |
| Profit (loss) for the period | 9904 | €78,841 | €97,008 | +€18,167 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,841 | €97,008 | +€18,167 | +23.0% |
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 15 October 2026 via checked.be.