L.E.G IDEAS: 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.
L.E.G IDEAS
Largest movements
- Financial fixed assets -€123,200
down €123,200 (-99.8%), from €123,450 to €250
- Receivables within one year -€45,066
down €45,066 (-56.6%), from €79,618 to €34,552
of which Trade receivables: -€44,085
- Cash -€42,421
down €42,421 (-24.0%), from €177,075 to €134,655
mainly Trade debts (-€96,485) and Net result for the year (-€83,319)
- Tangible fixed assets +€12,677
up €12,677 (+25.5%), from €49,634 to €62,311
of which Plant, machinery and equipment: +€13,241
- Deferred charges and accrued income -€5,760
down €5,760 (-85.4%), from €6,746 to €987
- Trade debts -€96,485
down €96,485 (-52.5%), from €183,925 to €87,440
- Profit (loss) carried forward -€83,319
down €83,319 (-64.4%), from €129,394 to €46,075
- Debts after one year -€21,004
no longer reported in 2025 (was €21,004)
- Tax, wage and social debts -€8,053
down €8,053 (-11.8%), from €68,183 to €60,130
of which Taxes: -€9,858
- Financial charges +€93,790
up €93,790 (+271%), from €34,573 to €128,362
of which Non-recurring financial charges: +€123,200
- Write-downs -€54,937
down €54,937 (-99.1%), from €55,437 to €500
- Gross operating margin -€51,259
down €51,259 (-13.8%), from €371,426 to €320,167
- Depreciation +€5,629
up €5,629 (+44.2%), from €12,750 to €18,379
- Other operating charges +€4,832
up €4,832 (+184%), from €2,625 to €7,457
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 | €453,866 | €245,272 | -€208,593 | -46.0% |
| Fixed assets | 21/28 | €175,929 | €64,806 | -€111,123 | -63.2% |
| Intangible fixed assets | 21 | €2,846 | €2,246 | -€600 | -21.1% |
| Tangible fixed assets | 22/27 | €49,634 | €62,311 | +€12,677 | +25.5% |
| Plant, machinery and equipment | 23 | €48,908 | €62,150 | +€13,241 | +27.1% |
| Furniture and vehicles | 24 | €725 | €161 | -€564 | -77.8% |
| Financial fixed assets | 28 | €123,450 | €250 | -€123,200 | -99.8% |
| Current assets | 29/58 | €277,936 | €180,466 | -€97,470 | -35.1% |
| Stocks and contracts in progress | 3 | €14,496 | €10,272 | -€4,224 | -29.1% |
| Stocks | 30/36 | €14,496 | €10,272 | -€4,224 | -29.1% |
| Amounts receivable within one year | 40/41 | €79,618 | €34,552 | -€45,066 | -56.6% |
| Trade receivables | 40 | €78,463 | €34,379 | -€44,085 | -56.2% |
| Other amounts receivable | 41 | €1,155 | €173 | -€981 | -85.0% |
| Cash at bank and in hand | 54/58 | €177,075 | €134,655 | -€42,421 | -24.0% |
| Deferred charges and accrued income | 490/1 | €6,746 | €987 | -€5,760 | -85.4% |
| Total equity and liabilities | 10/49 | €453,866 | €245,272 | -€208,593 | -46.0% |
| Equity | 10/15 | €157,754 | €74,435 | -€83,319 | -52.8% |
| Reserves | 13 | €28,360 | €28,360 | = | 0.0% |
| Distributable reserves | 133 | €28,360 | €28,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,394 | €46,075 | -€83,319 | -64.4% |
| Amounts payable | 17/49 | €296,112 | €170,837 | -€125,275 | -42.3% |
| Amounts payable after more than one year | 17 | €21,004 | - | -€21,004 | |
| Financial debts | 170/4 | €21,004 | - | -€21,004 | |
| Amounts payable within one year | 42/48 | €275,108 | €170,569 | -€104,538 | -38.0% |
| Trade debts | 44 | €183,925 | €87,440 | -€96,485 | -52.5% |
| Suppliers | 440/4 | €183,925 | €87,440 | -€96,485 | -52.5% |
| Taxes, remuneration and social security | 45 | €68,183 | €60,130 | -€8,053 | -11.8% |
| Taxes | 450/3 | €18,870 | €9,012 | -€9,858 | -52.2% |
| Remuneration and social security | 454/9 | €49,313 | €51,118 | +€1,805 | +3.7% |
| Other amounts payable | 47/48 | €23,000 | €23,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €268 | +€268 | |
| Non-recurring operating income | 76A | €11,322 | - | -€11,322 | |
| Remuneration, social security and pensions | 62 | €253,157 | €248,737 | -€4,420 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,750 | €18,379 | +€5,629 | +44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,437 | €500 | -€54,937 | -99.1% |
| Other operating charges | 640/8 | €2,625 | €7,457 | +€4,832 | +184% |
| Non-recurring operating charges | 66A | €76 | - | -€76 | |
| Gross operating margin | 9900 | €371,426 | €320,167 | -€51,259 | -13.8% |
| Operating profit (loss) | 9901 | €47,381 | €45,094 | -€2,287 | -4.8% |
| Financial income | 75/76B | - | €371 | +€371 | |
| Recurring financial income | 75 | - | €371 | +€371 | |
| Financial charges | 65/66B | €34,573 | €128,362 | +€93,790 | +271% |
| Recurring financial charges | 65 | €34,573 | €5,162 | -€29,410 | -85.1% |
| Non-recurring financial charges | 66B | - | €123,200 | +€123,200 | |
| Profit (loss) for the period before taxes | 9903 | €12,809 | -€82,897 | -€95,706 | |
| Income taxes | 67/77 | €4,873 | €422 | -€4,452 | -91.3% |
| Profit (loss) for the period | 9904 | €7,935 | -€83,319 | -€91,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,935 | -€83,319 | -€91,254 |
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 19 October 2026 via checked.be.