LA LEGENDE: 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.
LA LEGENDE
Largest movements
- Cash -€61,566
down €61,566 (-36.3%), from €169,714 to €108,147
mainly Other debts (-€63,000) and Investment in fixed assets (net) (-€60,987)
- Receivables within one year +€47,549
up €47,549 (+4,516%), from €1,053 to €48,602
of which Trade receivables: +€47,549
- Other debts -€63,000
down €63,000 (-100%), from €63,000 to €0
- Reserves +€40,879
up €40,879 (+4.7%), from €865,361 to €906,240
of which Distributable reserves: +€40,879
- Gross operating margin -€1.2m
down €1.2m (-87.5%), from €1.3m to €164,174
- Financial charges -€32,454
down €32,454 (-98.4%), from €32,980 to €526
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 | €1,248,254 | €1,236,125 | -€12,129 | -1.0% |
| Fixed assets | 21/28 | €1,077,487 | €1,079,376 | +€1,888 | +0.2% |
| Tangible fixed assets | 22/27 | €1,077,487 | €1,079,376 | +€1,888 | +0.2% |
| Land and buildings | 22 | €1,077,487 | €1,019,376 | -€58,112 | -5.4% |
| Assets under construction and advance payments | 27 | - | €60,000 | +€60,000 | |
| Current assets | 29/58 | €170,767 | €156,749 | -€14,018 | -8.2% |
| Amounts receivable within one year | 40/41 | €1,053 | €48,602 | +€47,549 | +4,516% |
| Trade receivables | 40 | - | €47,549 | +€47,549 | |
| Other amounts receivable | 41 | €1,053 | €1,053 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169,714 | €108,147 | -€61,566 | -36.3% |
| Total equity and liabilities | 10/49 | €1,248,254 | €1,236,125 | -€12,129 | -1.0% |
| Equity | 10/15 | €871,561 | €912,440 | +€40,879 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €865,361 | €906,240 | +€40,879 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €862,630 | €862,630 | = | 0.0% |
| Distributable reserves | 133 | €871 | €41,750 | +€40,879 | +4,694% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €287,543 | €287,543 | = | 0.0% |
| Deferred taxes | 168 | €287,543 | €287,543 | = | 0.0% |
| Amounts payable | 17/49 | €89,150 | €36,141 | -€53,009 | -59.5% |
| Amounts payable within one year | 42/48 | €89,106 | €36,094 | -€53,012 | -59.5% |
| Trade debts | 44 | €13,526 | €14,462 | +€936 | +6.9% |
| Suppliers | 440/4 | €13,526 | €14,462 | +€936 | +6.9% |
| Taxes, remuneration and social security | 45 | €12,580 | €21,632 | +€9,052 | +72.0% |
| Taxes | 450/3 | €12,580 | €21,632 | +€9,052 | +72.0% |
| Other amounts payable | 47/48 | €63,000 | €0 | -€63,000 | -100% |
| Accrued charges and deferred income | 492/3 | €43 | €46 | +€3 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,063 | €59,098 | +€36 | +0.1% |
| Other operating charges | 640/8 | €47,518 | €48,789 | +€1,271 | +2.7% |
| Gross operating margin | 9900 | €1,314,508 | €164,174 | -€1.2m | -87.5% |
| Operating profit (loss) | 9901 | €1,207,928 | €56,287 | -€1.2m | -95.3% |
| Financial charges | 65/66B | €32,980 | €526 | -€32,454 | -98.4% |
| Recurring financial charges | 65 | €32,980 | €526 | -€32,454 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €1,174,947 | €55,760 | -€1.1m | -95.3% |
| Transfer to deferred taxes | 680 | €287,543 | €0 | -€287,543 | -100% |
| Income taxes | 67/77 | €6,751 | €14,881 | +€8,130 | +120% |
| Profit (loss) for the period | 9904 | €880,653 | €40,879 | -€839,774 | -95.4% |
| Transfer to tax-exempt reserves | 689 | €862,630 | €0 | -€862,630 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €18,023 | €40,879 | +€22,856 | +127% |
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 20 October 2026 via checked.be.