L.E.G.O°: 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.O°
Largest movements
- Cash +€21,905
up €21,905 (+19.8%), from €110,470 to €132,375
mainly Net result for the year (+€23,778) and Receivables within one year (+€4,604)
- Receivables within one year -€4,604
down €4,604 (-34.6%), from €13,288 to €8,684
of which Trade receivables: -€3,401
- Reserves +€23,700
up €23,700 (+27.9%), from €85,060 to €108,760
of which Distributable reserves: +€23,700
- Other debts -€11,014
down €11,014 (-70.0%), from €15,730 to €4,716
- Tax, wage and social debts +€3,373
up €3,373 (+97.1%), from €3,473 to €6,846
of which Taxes: +€3,373
- Gross operating margin +€29,926
up €29,926 (+410%), from €7,301 to €37,227
- Taxes +€9,882
up €9,882 (+712%), from €1,388 to €11,270
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 | €126,174 | €142,275 | +€16,101 | +12.8% |
| Fixed assets | 21/28 | €2,389 | €1,189 | -€1,200 | -50.2% |
| Tangible fixed assets | 22/27 | €2,389 | €1,189 | -€1,200 | -50.2% |
| Plant, machinery and equipment | 23 | €41 | - | -€41 | |
| Furniture and vehicles | 24 | €2,348 | €1,189 | -€1,159 | -49.4% |
| Current assets | 29/58 | €123,785 | €141,086 | +€17,301 | +14.0% |
| Amounts receivable within one year | 40/41 | €13,288 | €8,684 | -€4,604 | -34.6% |
| Trade receivables | 40 | €9,565 | €6,164 | -€3,401 | -35.6% |
| Other amounts receivable | 41 | €3,723 | €2,520 | -€1,203 | -32.3% |
| Cash at bank and in hand | 54/58 | €110,470 | €132,375 | +€21,905 | +19.8% |
| Deferred charges and accrued income | 490/1 | €27 | €27 | = | 0.0% |
| Total equity and liabilities | 10/49 | €126,174 | €142,275 | +€16,101 | +12.8% |
| Equity | 10/15 | €101,684 | €125,462 | +€23,778 | +23.4% |
| Contributions | 10/11 | €9,100 | €9,100 | = | 0.0% |
| Reserves | 13 | €85,060 | €108,760 | +€23,700 | +27.9% |
| 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 | €83,200 | €106,900 | +€23,700 | +28.5% |
| Profit (loss) carried forward | 14 | €7,524 | €7,602 | +€78 | +1.0% |
| Amounts payable | 17/49 | €24,490 | €16,813 | -€7,677 | -31.3% |
| Amounts payable within one year | 42/48 | €24,490 | €16,813 | -€7,677 | -31.3% |
| Trade debts | 44 | €5,287 | €5,251 | -€36 | -0.7% |
| Suppliers | 440/4 | €5,287 | €5,251 | -€36 | -0.7% |
| Taxes, remuneration and social security | 45 | €3,473 | €6,846 | +€3,373 | +97.1% |
| Taxes | 450/3 | €2,473 | €5,846 | +€3,373 | +136% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €15,730 | €4,716 | -€11,014 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €1,200 | +€51 | +4.4% |
| Other operating charges | 640/8 | €573 | €893 | +€320 | +55.8% |
| Non-recurring operating charges | 66A | €229 | - | -€229 | |
| Gross operating margin | 9900 | €7,301 | €37,227 | +€29,926 | +410% |
| Operating profit (loss) | 9901 | €5,350 | €35,134 | +€29,784 | +557% |
| Financial income | 75/76B | €46 | €46 | = | 0.0% |
| Recurring financial income | 75 | €46 | €46 | = | 0.0% |
| Financial charges | 65/66B | €130 | €132 | +€2 | +1.5% |
| Recurring financial charges | 65 | €130 | €132 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,266 | €35,048 | +€29,782 | +566% |
| Income taxes | 67/77 | €1,388 | €11,270 | +€9,882 | +712% |
| Profit (loss) for the period | 9904 | €3,878 | €23,778 | +€19,900 | +513% |
| Profit (loss) for the period to be appropriated | 9905 | €3,878 | €23,778 | +€19,900 | +513% |
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 15 October 2026 via checked.be.