WM 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.
WM LAW
Largest movements
- Cash +€168,388
up €168,388 (+316%), from €53,329 to €221,717
mainly Net result for the year (+€269,397) and Tax, wage and social debts (+€90,731)
- Receivables after one year +€72,580
new in 2025: €72,580
- Receivables within one year +€58,133
up €58,133 (+2,502%), from €2,323 to €60,457
- Current investments +€55,117
new in 2025: €55,117
- Profit (loss) carried forward +€269,397
new in 2025: €269,397
- Tax, wage and social debts +€90,731
up €90,731 (+487%), from €18,616 to €109,347
- Trade debts -€5,611
no longer reported in 2025 (was €5,611)
- Gross operating margin +€307,938
up €307,938 (+736%), from €41,816 to €349,754
- Taxes +€75,743
up €75,743 (+963%), from €7,866 to €83,608
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 | €55,653 | €410,170 | +€354,517 | +637% |
| Current assets | 29/58 | €55,653 | €410,170 | +€354,517 | +637% |
| Amounts receivable after more than one year | 29 | - | €72,580 | +€72,580 | |
| Other amounts receivable | 291 | - | €72,580 | +€72,580 | |
| Amounts receivable within one year | 40/41 | €2,323 | €60,457 | +€58,133 | +2,502% |
| Other amounts receivable | 41 | €2,323 | €60,457 | +€58,133 | +2,502% |
| Current investments | 50/53 | - | €55,117 | +€55,117 | |
| Cash at bank and in hand | 54/58 | €53,329 | €221,717 | +€168,388 | +316% |
| Deferred charges and accrued income | 490/1 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €55,653 | €410,170 | +€354,517 | +637% |
| Equity | 10/15 | €31,426 | €300,823 | +€269,397 | +857% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €31,326 | €31,326 | = | 0.0% |
| Distributable reserves | 133 | €31,326 | €31,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €269,397 | +€269,397 | |
| Amounts payable | 17/49 | €24,227 | €109,347 | +€85,120 | +351% |
| Amounts payable within one year | 42/48 | €24,227 | €109,347 | +€85,120 | +351% |
| Trade debts | 44 | €5,611 | - | -€5,611 | |
| Suppliers | 440/4 | €5,611 | - | -€5,611 | |
| Taxes, remuneration and social security | 45 | €18,616 | €109,347 | +€90,731 | +487% |
| Taxes | 450/3 | €18,616 | €109,347 | +€90,731 | +487% |
| Other operating charges | 640/8 | €2,643 | - | -€2,643 | |
| Gross operating margin | 9900 | €41,816 | €349,754 | +€307,938 | +736% |
| Operating profit (loss) | 9901 | €39,173 | €349,754 | +€310,581 | +793% |
| Financial income | 75/76B | €18 | €3,308 | +€3,289 | +18,024% |
| Recurring financial income | 75 | €18 | €3,308 | +€3,289 | +18,024% |
| Financial charges | 65/66B | - | €57 | +€57 | |
| Recurring financial charges | 65 | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | €39,191 | €353,005 | +€313,814 | +801% |
| Income taxes | 67/77 | €7,866 | €83,608 | +€75,743 | +963% |
| Profit (loss) for the period | 9904 | €31,326 | €269,397 | +€238,071 | +760% |
| Profit (loss) for the period to be appropriated | 9905 | €31,326 | €269,397 | +€238,071 | +760% |
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 16 October 2026 via checked.be.