LEGAB: 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.
LEGAB
Largest movements
- Cash +€602,284
up €602,284 (+604.5%), from €99,627 to €701,911
mainly Other debts (+€578,729) and Net result for the year (+€487,152)
- Current investments -€134,716
no longer reported in 2025 (was €134,716)
- Tangible fixed assets -€8,374
down €8,374 (-23.0%), from €36,427 to €28,053
of which Furniture and vehicles: -€7,948
- Other debts +€578,729
up €578,729 (+3255.8%), from €17,776 to €596,505
- Profit (loss) carried forward -€185,848
down €185,848 (-73.5%), from €253,005 to €67,157
- Tax, wage and social debts +€63,000
new in 2025: €63,000
- Gross operating margin +€329,044
up €329,044 (+101.4%), from €324,623 to €653,667
- Taxes +€81,159
up €81,159 (+103.2%), from €78,671 to €159,830
- Financial income -€8,509
down €8,509 (-68.0%), from €12,506 to €3,997
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.
Cash bridge derived
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 | €280,981 | €737,317 | +€456,336 | +162.4% |
| Fixed assets | 21/28 | €36,477 | €28,103 | -€8,374 | -23.0% |
| Tangible fixed assets | 22/27 | €36,427 | €28,053 | -€8,374 | -23.0% |
| Furniture and vehicles | 24 | €34,065 | €26,117 | -€7,948 | -23.3% |
| Other tangible fixed assets | 26 | €2,362 | €1,936 | -€426 | -18.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €244,505 | €709,215 | +€464,710 | +190.1% |
| Amounts receivable within one year | 40/41 | €9,580 | €6,504 | -€3,076 | -32.1% |
| Trade receivables | 40 | - | €135 | +€135 | |
| Other amounts receivable | 41 | €9,580 | €6,369 | -€3,211 | -33.5% |
| Current investments | 50/53 | €134,716 | - | -€134,716 | |
| Cash at bank and in hand | 54/58 | €99,627 | €701,911 | +€602,284 | +604.5% |
| Deferred charges and accrued income | 490/1 | €581 | €800 | +€219 | +37.7% |
| Total equity and liabilities | 10/49 | €280,981 | €737,317 | +€456,336 | +162.4% |
| Equity | 10/15 | €256,005 | €70,157 | -€185,848 | -72.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,005 | €67,157 | -€185,848 | -73.5% |
| Amounts payable | 17/49 | €24,977 | €667,160 | +€642,184 | +2571.1% |
| Amounts payable within one year | 42/48 | €24,977 | €667,160 | +€642,184 | +2571.1% |
| Trade debts | 44 | €7,201 | €7,655 | +€454 | +6.3% |
| Suppliers | 440/4 | €7,201 | €7,655 | +€454 | +6.3% |
| Taxes, remuneration and social security | 45 | - | €63,000 | +€63,000 | |
| Taxes | 450/3 | - | €63,000 | +€63,000 | |
| Other amounts payable | 47/48 | €17,776 | €596,505 | +€578,729 | +3255.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,284 | €8,374 | +€3,090 | +58.5% |
| Other operating charges | 640/8 | €1,540 | €572 | -€968 | -62.9% |
| Gross operating margin | 9900 | €324,623 | €653,667 | +€329,044 | +101.4% |
| Operating profit (loss) | 9901 | €317,799 | €644,721 | +€326,922 | +102.9% |
| Financial income | 75/76B | €12,506 | €3,997 | -€8,509 | -68.0% |
| Recurring financial income | 75 | €12,506 | €3,997 | -€8,509 | -68.0% |
| Financial charges | 65/66B | €732 | €1,736 | +€1,004 | +137.1% |
| Recurring financial charges | 65 | €732 | €263 | -€469 | -64.1% |
| Non-recurring financial charges | 66B | - | €1,473 | +€1,473 | |
| Profit (loss) for the period before taxes | 9903 | €329,573 | €646,983 | +€317,409 | +96.3% |
| Income taxes | 67/77 | €78,671 | €159,830 | +€81,159 | +103.2% |
| Profit (loss) for the period | 9904 | €250,902 | €487,152 | +€236,250 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €250,902 | €487,152 | +€236,250 | +94.2% |
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 12 October 2026 via checked.be.