BeLegend: 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.
BeLegend
Largest movements
- Receivables within one year +€99,296
up €99,296 (+181%), from €54,912 to €154,208
of which Trade receivables: +€84,803
- Cash +€8,512
new in 2025: €8,512
mainly Trade debts (+€101,228) and Tax, wage and social debts (+€17,888)
- Tangible fixed assets -€5,363
down €5,363 (-35.9%), from €14,952 to €9,589
of which Furniture and vehicles: -€6,506
- Trade debts +€101,228
up €101,228 (+991%), from €10,215 to €111,444
- Tax, wage and social debts +€17,888
up €17,888 (+183%), from €9,801 to €27,689
of which Taxes: +€14,888
- Other debts -€10,897
down €10,897 (-100%), from €10,897 to €0
- Current portion of long-term debt +€5,180
up €5,180 (+54.3%), from €9,540 to €14,720
- Short-term financial debts -€4,814
no longer reported in 2025 (was €4,814)
- Gross operating margin -€49,476
down €49,476 (-89.4%), from €55,334 to €5,858
- Depreciation +€2,070
up €2,070 (+45.3%), from €4,568 to €6,638
- Other operating charges +€1,004
up €1,004 (+225%), from €446 to €1,450
- Financial charges -€781
down €781 (-36.0%), from €2,172 to €1,391
- Taxes -€674
down €674 (-86.9%), from €775 to €102
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 | €70,041 | €172,630 | +€102,589 | +146% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,952 | €9,589 | -€5,363 | -35.9% |
| Tangible fixed assets | 22/27 | €14,952 | €9,589 | -€5,363 | -35.9% |
| Plant, machinery and equipment | 23 | - | €1,144 | +€1,144 | |
| Furniture and vehicles | 24 | €14,952 | €8,446 | -€6,506 | -43.5% |
| Current assets | 29/58 | €55,090 | €163,041 | +€107,952 | +196% |
| Amounts receivable within one year | 40/41 | €54,912 | €154,208 | +€99,296 | +181% |
| Trade receivables | 40 | €54,912 | €139,715 | +€84,803 | +154% |
| Other amounts receivable | 41 | - | €14,493 | +€14,493 | |
| Cash at bank and in hand | 54/58 | - | €8,512 | +€8,512 | |
| Deferred charges and accrued income | 490/1 | €178 | €321 | +€143 | +80.3% |
| Total equity and liabilities | 10/49 | €70,041 | €172,630 | +€102,589 | +146% |
| Equity | 10/15 | €9,552 | €5,669 | -€3,883 | -40.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412 | €412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €412 | €412 | = | 0.0% |
| Reserves not available under the articles | 1311 | €412 | €412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,940 | -€943 | -€3,883 | |
| Amounts payable | 17/49 | €60,489 | €166,961 | +€106,472 | +176% |
| Amounts payable after more than one year | 17 | €15,221 | €13,108 | -€2,113 | -13.9% |
| Financial debts | 170/4 | €15,221 | €13,108 | -€2,113 | -13.9% |
| Amounts payable within one year | 42/48 | €45,268 | €153,853 | +€108,585 | +240% |
| Current portion of amounts payable after more than one year | 42 | €9,540 | €14,720 | +€5,180 | +54.3% |
| Financial debts | 43 | €4,814 | - | -€4,814 | |
| Credit institutions | 430/8 | €4,814 | - | -€4,814 | |
| Trade debts | 44 | €10,215 | €111,444 | +€101,228 | +991% |
| Suppliers | 440/4 | €10,215 | €111,444 | +€101,228 | +991% |
| Taxes, remuneration and social security | 45 | €9,801 | €27,689 | +€17,888 | +183% |
| Taxes | 450/3 | €9,801 | €24,689 | +€14,888 | +152% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €10,897 | €0 | -€10,897 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,568 | €6,638 | +€2,070 | +45.3% |
| Other operating charges | 640/8 | €446 | €1,450 | +€1,004 | +225% |
| Non-recurring operating charges | 66A | €159 | €159 | = | 0.0% |
| Gross operating margin | 9900 | €55,334 | €5,858 | -€49,476 | -89.4% |
| Operating profit (loss) | 9901 | €50,161 | -€2,390 | -€52,551 | |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €2,172 | €1,391 | -€781 | -36.0% |
| Recurring financial charges | 65 | €2,172 | €1,391 | -€781 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €48,030 | -€3,781 | -€51,811 | |
| Income taxes | 67/77 | €775 | €102 | -€674 | -86.9% |
| Profit (loss) for the period | 9904 | €47,254 | -€3,883 | -€51,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,254 | -€3,883 | -€51,137 |
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 18 October 2026 via checked.be.