YM 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.
YM Law
Largest movements
- Receivables after one year -€132,475
down €132,475 (-98.5%), from €134,440 to €1,965
- Cash +€18,740
up €18,740 (+18.8%), from €99,541 to €118,281
mainly Receivables after one year (+€132,475) and Receivables within one year (+€16,548)
- Receivables within one year -€16,548
down €16,548 (-54.3%), from €30,492 to €13,944
- Financial fixed assets -€14,996
down €14,996 (-50.0%), from €29,996 to €15,000
- Tangible fixed assets +€7,171
up €7,171 (+71.2%), from €10,067 to €17,238
of which Other tangible fixed assets: +€6,042
- Reserves -€101,313
down €101,313 (-42.3%), from €239,489 to €138,176
of which Distributable reserves: -€101,313
- Other debts -€35,150
no longer reported in 2025 (was €35,150)
- Gross operating margin -€98,722
down €98,722 (-95.7%), from €103,199 to €4,477
- Taxes -€26,382
down €26,382 (-92.2%), from €28,606 to €2,224
- Financial income +€1,854
up €1,854 (+157.5%), from €1,177 to €3,031
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.
Cash bridge derived
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 | €304,706 | €166,428 | -€138,278 | -45.4% |
| Fixed assets | 21/28 | €40,063 | €32,238 | -€7,825 | -19.5% |
| Tangible fixed assets | 22/27 | €10,067 | €17,238 | +€7,171 | +71.2% |
| Land and buildings | 22 | €4,177 | €4,046 | -€131 | -3.1% |
| Plant, machinery and equipment | 23 | - | €1,654 | +€1,654 | |
| Furniture and vehicles | 24 | €1,469 | €1,075 | -€394 | -26.8% |
| Other tangible fixed assets | 26 | €4,421 | €10,463 | +€6,042 | +136.7% |
| Financial fixed assets | 28 | €29,996 | €15,000 | -€14,996 | -50.0% |
| Current assets | 29/58 | €264,643 | €134,190 | -€130,453 | -49.3% |
| Amounts receivable after more than one year | 29 | €134,440 | €1,965 | -€132,475 | -98.5% |
| Other amounts receivable | 291 | €134,440 | €1,965 | -€132,475 | -98.5% |
| Amounts receivable within one year | 40/41 | €30,492 | €13,944 | -€16,548 | -54.3% |
| Trade receivables | 40 | €30,492 | €13,944 | -€16,548 | -54.3% |
| Cash at bank and in hand | 54/58 | €99,541 | €118,281 | +€18,740 | +18.8% |
| Deferred charges and accrued income | 490/1 | €170 | - | -€170 | |
| Total equity and liabilities | 10/49 | €304,706 | €166,428 | -€138,278 | -45.4% |
| Equity | 10/15 | €252,600 | €151,287 | -€101,313 | -40.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €239,489 | €138,176 | -€101,313 | -42.3% |
| Non-distributable reserves | 130/1 | €37 | €37 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37 | €37 | = | 0.0% |
| Tax-exempt reserves | 132 | €262 | €262 | = | 0.0% |
| Distributable reserves | 133 | €239,190 | €137,877 | -€101,313 | -42.4% |
| Profit (loss) carried forward | 14 | €711 | €711 | = | 0.0% |
| Amounts payable | 17/49 | €52,106 | €15,141 | -€36,965 | -70.9% |
| Amounts payable within one year | 42/48 | €52,106 | €15,141 | -€36,965 | -70.9% |
| Trade debts | 44 | €792 | €1,002 | +€210 | +26.5% |
| Suppliers | 440/4 | €792 | €1,002 | +€210 | +26.5% |
| Taxes, remuneration and social security | 45 | €16,164 | €14,139 | -€2,025 | -12.5% |
| Taxes | 450/3 | €16,164 | €14,139 | -€2,025 | -12.5% |
| Other amounts payable | 47/48 | €35,150 | - | -€35,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €1,887 | +€304 | +19.2% |
| Other operating charges | 640/8 | - | €86 | +€86 | |
| Gross operating margin | 9900 | €103,199 | €4,477 | -€98,722 | -95.7% |
| Operating profit (loss) | 9901 | €101,616 | €2,504 | -€99,112 | -97.5% |
| Financial income | 75/76B | €1,177 | €3,031 | +€1,854 | +157.5% |
| Recurring financial income | 75 | €1,177 | €3,031 | +€1,854 | +157.5% |
| Financial charges | 65/66B | €100 | €108 | +€8 | +8.0% |
| Recurring financial charges | 65 | €100 | €108 | +€8 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €102,693 | €5,427 | -€97,266 | -94.7% |
| Income taxes | 67/77 | €28,606 | €2,224 | -€26,382 | -92.2% |
| Profit (loss) for the period | 9904 | €74,087 | €3,203 | -€70,884 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,087 | €3,203 | -€70,884 | -95.7% |
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 10 October 2026 via checked.be.