JOACKIM LEGRAND CONSTRUCTION: 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.
JOACKIM LEGRAND CONSTRUCTION
Largest movements
- Tangible fixed assets +€199,691
up €199,691 (+47.7%), from €418,400 to €618,091
of which Land and buildings: +€243,036
- Receivables within one year +€63,781
up €63,781 (+127%), from €50,184 to €113,965
of which Trade receivables: +€54,096
- Cash -€53,302
down €53,302 (-17.6%), from €303,065 to €249,763
mainly Investment in fixed assets (net) (-€273,000) and Receivables within one year (-€63,781)
- Debts after one year +€133,340
up €133,340 (+61.3%), from €217,567 to €350,908
- Reserves +€75,000
up €75,000 (+73.6%), from €101,860 to €176,860
of which Distributable reserves: +€75,000
- Gross operating margin +€90,381
up €90,381 (+15.1%), from €598,248 to €688,629
- Staff costs +€68,560
up €68,560 (+16.4%), from €416,886 to €485,447
- Taxes +€11,198
up €11,198 (+55.6%), from €20,124 to €31,322
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 | €786,605 | €1,005,192 | +€218,586 | +27.8% |
| Fixed assets | 21/28 | €418,492 | €618,183 | +€199,691 | +47.7% |
| Tangible fixed assets | 22/27 | €418,400 | €618,091 | +€199,691 | +47.7% |
| Land and buildings | 22 | €201,968 | €445,004 | +€243,036 | +120% |
| Plant, machinery and equipment | 23 | €92,599 | €87,022 | -€5,578 | -6.0% |
| Furniture and vehicles | 24 | €123,833 | €86,065 | -€37,768 | -30.5% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €368,114 | €387,009 | +€18,895 | +5.1% |
| Amounts receivable within one year | 40/41 | €50,184 | €113,965 | +€63,781 | +127% |
| Trade receivables | 40 | €31,781 | €85,876 | +€54,096 | +170% |
| Other amounts receivable | 41 | €18,403 | €28,089 | +€9,686 | +52.6% |
| Cash at bank and in hand | 54/58 | €303,065 | €249,763 | -€53,302 | -17.6% |
| Deferred charges and accrued income | 490/1 | €14,865 | €23,280 | +€8,416 | +56.6% |
| Total equity and liabilities | 10/49 | €786,605 | €1,005,192 | +€218,586 | +27.8% |
| Equity | 10/15 | €443,917 | €521,125 | +€77,208 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €101,860 | €176,860 | +€75,000 | +73.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €175,000 | +€75,000 | +75.0% |
| Profit (loss) carried forward | 14 | €323,457 | €325,665 | +€2,208 | +0.7% |
| Provisions and deferred taxes | 16 | €1,000 | - | -€1,000 | |
| Provisions for liabilities and charges | 160/5 | €1,000 | - | -€1,000 | |
| Other liabilities and charges | 164/5 | €1,000 | - | -€1,000 | |
| Amounts payable | 17/49 | €341,688 | €484,067 | +€142,379 | +41.7% |
| Amounts payable after more than one year | 17 | €217,567 | €350,908 | +€133,340 | +61.3% |
| Financial debts | 170/4 | €217,567 | €350,908 | +€133,340 | +61.3% |
| Amounts payable within one year | 42/48 | €124,121 | €133,160 | +€9,039 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €50,967 | €53,430 | +€2,463 | +4.8% |
| Trade debts | 44 | €25,035 | €27,266 | +€2,231 | +8.9% |
| Suppliers | 440/4 | €25,035 | €27,266 | +€2,231 | +8.9% |
| Taxes, remuneration and social security | 45 | €48,119 | €52,464 | +€4,345 | +9.0% |
| Taxes | 450/3 | €38,741 | €35,581 | -€3,160 | -8.2% |
| Remuneration and social security | 454/9 | €9,377 | €16,882 | +€7,505 | +80.0% |
| Non-recurring operating income | 76A | €2,343 | - | -€2,343 | |
| Remuneration, social security and pensions | 62 | €416,886 | €485,447 | +€68,560 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,151 | €73,309 | -€5,843 | -7.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,000 | -€1,000 | |
| Other operating charges | 640/8 | €6,683 | €6,504 | -€179 | -2.7% |
| Non-recurring operating charges | 66A | - | €322 | +€322 | |
| Gross operating margin | 9900 | €598,248 | €688,629 | +€90,381 | +15.1% |
| Operating profit (loss) | 9901 | €95,527 | €124,048 | +€28,520 | +29.9% |
| Financial income | 75/76B | €195 | €25 | -€170 | -87.2% |
| Recurring financial income | 75 | €195 | €25 | -€170 | -87.2% |
| Financial charges | 65/66B | €16,116 | €15,543 | -€572 | -3.6% |
| Recurring financial charges | 65 | €16,116 | €15,543 | -€572 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €79,607 | €108,529 | +€28,922 | +36.3% |
| Income taxes | 67/77 | €20,124 | €31,322 | +€11,198 | +55.6% |
| Profit (loss) for the period | 9904 | €59,483 | €77,208 | +€17,724 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,483 | €77,208 | +€17,724 | +29.8% |
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 31 October 2026 via checked.be.