W.A.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.
W.A.LAW
Largest movements
- Receivables within one year +€23,173
up €23,173 (+366%), from €6,339 to €29,512
- Cash -€14,210
down €14,210 (-43.9%), from €32,363 to €18,153
mainly Receivables within one year (-€23,173) and Other debts (-€8,848)
- Deferred charges and accrued income +€2,870
new in 2025: €2,870
- Tangible fixed assets -€585
down €585 (-12.9%), from €4,529 to €3,945
of which Other tangible fixed assets: -€359
- Profit (loss) carried forward +€13,845
up €13,845 (+187%), from €7,390 to €21,234
- Other debts -€8,848
down €8,848 (-68.0%), from €13,016 to €4,168
- Tax, wage and social debts +€3,129
up €3,129 (+33.5%), from €9,332 to €12,461
- Trade debts +€3,124
up €3,124 (+34.7%), from €8,993 to €12,117
- Gross operating margin +€8,678
up €8,678 (+76.1%), from €11,397 to €20,076
- Taxes +€1,503
up €1,503 (+49.8%), from €3,016 to €4,519
- Depreciation +€398
up €398 (+213%), from €187 to €585
- Other operating charges +€216
up €216 (+29.3%), from €739 to €956
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 | €43,231 | €54,481 | +€11,250 | +26.0% |
| Fixed assets | 21/28 | €4,529 | €3,945 | -€585 | -12.9% |
| Tangible fixed assets | 22/27 | €4,529 | €3,945 | -€585 | -12.9% |
| Furniture and vehicles | 24 | €1,030 | €804 | -€226 | -21.9% |
| Other tangible fixed assets | 26 | €3,499 | €3,140 | -€359 | -10.3% |
| Current assets | 29/58 | €38,702 | €50,536 | +€11,834 | +30.6% |
| Amounts receivable within one year | 40/41 | €6,339 | €29,512 | +€23,173 | +366% |
| Trade receivables | 40 | €6,339 | €29,512 | +€23,173 | +366% |
| Cash at bank and in hand | 54/58 | €32,363 | €18,153 | -€14,210 | -43.9% |
| Deferred charges and accrued income | 490/1 | - | €2,870 | +€2,870 | |
| Total equity and liabilities | 10/49 | €43,231 | €54,481 | +€11,250 | +26.0% |
| Equity | 10/15 | €11,890 | €25,734 | +€13,845 | +116% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,390 | €21,234 | +€13,845 | +187% |
| Amounts payable | 17/49 | €31,342 | €28,747 | -€2,595 | -8.3% |
| Amounts payable within one year | 42/48 | €31,342 | €28,747 | -€2,595 | -8.3% |
| Trade debts | 44 | €8,993 | €12,117 | +€3,124 | +34.7% |
| Suppliers | 440/4 | €8,993 | €12,117 | +€3,124 | +34.7% |
| Taxes, remuneration and social security | 45 | €9,332 | €12,461 | +€3,129 | +33.5% |
| Taxes | 450/3 | €9,332 | €12,461 | +€3,129 | +33.5% |
| Other amounts payable | 47/48 | €13,016 | €4,168 | -€8,848 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €585 | +€398 | +213% |
| Other operating charges | 640/8 | €739 | €956 | +€216 | +29.3% |
| Gross operating margin | 9900 | €11,397 | €20,076 | +€8,678 | +76.1% |
| Operating profit (loss) | 9901 | €10,471 | €18,535 | +€8,064 | +77.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €66 | €177 | +€110 | +167% |
| Recurring financial charges | 65 | €66 | €177 | +€110 | +167% |
| Profit (loss) for the period before taxes | 9903 | €10,405 | €18,364 | +€7,958 | +76.5% |
| Income taxes | 67/77 | €3,016 | €4,519 | +€1,503 | +49.8% |
| Profit (loss) for the period | 9904 | €7,390 | €13,845 | +€6,455 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,390 | €13,845 | +€6,455 | +87.4% |
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 30 October 2026 via checked.be.