LEGABIRD: what changed
Two fiscal 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.
LEGABIRD
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+50.6%), from €3.3m to €4.9m
- Cash +€1.4m
up €1.4m (+4337.4%), from €33,292 to €1.5m
mainly Contributions, distributions and other (+€4.0m) and Trade debts (+€141,091)
- Formation expenses +€357,927
new in 2025: €357,927
- Receivables within one year +€244,077
up €244,077 (+369.4%), from €66,079 to €310,156
of which Other amounts receivable: +€287,632
- Receivables after one year +€203,280
up €203,280 (+60.6%), from €335,308 to €538,588
- Contributions +€4.0m
up €4.0m (+222.0%), from €1.8m to €5.8m
- Profit (loss) carried forward -€272,974
down €272,974 (-470.1%), from -€58,069 to -€331,042
- Trade debts +€141,091
up €141,091 (+261.9%), from €53,878 to €194,969
- Other debts +€100,669
new in 2025: €100,669
- Gross operating margin -€226,467
down €226,467 (-92.5%), from €244,703 to €18,236
- Staff costs +€73,541
up €73,541 (+97.7%), from €75,239 to €148,780
- Depreciation +€13,053
up €13,053 (+54.7%), from €23,845 to €36,898
- Financial charges +€6,687
up €6,687 (+6.6%), from €101,049 to €107,737
- Financial income +€3,190
up €3,190 (+2643.0%), from €121 to €3,311
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 | €3,755,838 | €7,650,569 | +€3.9m | +103.7% |
| Formation expenses | 20 | - | €357,927 | +€357,927 | |
| Fixed assets | 21/28 | €3,319,067 | €4,936,112 | +€1.6m | +48.7% |
| Tangible fixed assets | 22/27 | €67,292 | €39,957 | -€27,335 | -40.6% |
| Plant, machinery and equipment | 23 | €1,045 | €810 | -€235 | -22.5% |
| Furniture and vehicles | 24 | €66,247 | €39,147 | -€27,100 | -40.9% |
| Financial fixed assets | 28 | €3,251,775 | €4,896,155 | +€1.6m | +50.6% |
| Current assets | 29/58 | €436,772 | €2,356,530 | +€1.9m | +439.5% |
| Amounts receivable after more than one year | 29 | €335,308 | €538,588 | +€203,280 | +60.6% |
| Trade receivables | 290 | €335,308 | €538,588 | +€203,280 | +60.6% |
| Amounts receivable within one year | 40/41 | €66,079 | €310,156 | +€244,077 | +369.4% |
| Trade receivables | 40 | €43,555 | €0 | -€43,555 | -100.0% |
| Other amounts receivable | 41 | €22,524 | €310,156 | +€287,632 | +1277.0% |
| Cash at bank and in hand | 54/58 | €33,292 | €1,477,312 | +€1.4m | +4337.4% |
| Deferred charges and accrued income | 490/1 | €2,092 | €30,473 | +€28,381 | +1356.4% |
| Total equity and liabilities | 10/49 | €3,755,838 | €7,650,569 | +€3.9m | +103.7% |
| Equity | 10/15 | €1,743,748 | €5,470,594 | +€3.7m | +213.7% |
| Contributions | 10/11 | €1,801,817 | €5,801,636 | +€4.0m | +222.0% |
| Profit (loss) carried forward | 14 | -€58,069 | -€331,042 | -€272,974 | -470.1% |
| Amounts payable | 17/49 | €2,012,090 | €2,179,975 | +€167,884 | +8.3% |
| Amounts payable after more than one year | 17 | €1,683,731 | €1,616,453 | -€67,278 | -4.0% |
| Financial debts | 170/4 | €1,683,731 | €1,616,453 | -€67,278 | -4.0% |
| Amounts payable within one year | 42/48 | €309,963 | €535,475 | +€225,511 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €240,402 | €220,261 | -€20,141 | -8.4% |
| Financial debts | 43 | €1,653 | €1,695 | +€42 | +2.5% |
| Credit institutions | 430/8 | €1,653 | €1,695 | +€42 | +2.5% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €53,878 | €194,969 | +€141,091 | +261.9% |
| Suppliers | 440/4 | €53,878 | €194,969 | +€141,091 | +261.9% |
| Taxes, remuneration and social security | 45 | €14,030 | €17,881 | +€3,851 | +27.4% |
| Taxes | 450/3 | €330 | €0 | -€330 | -100.0% |
| Remuneration and social security | 454/9 | €13,700 | €17,881 | +€4,181 | +30.5% |
| Other amounts payable | 47/48 | - | €100,669 | +€100,669 | |
| Accrued charges and deferred income | 492/3 | €18,396 | €28,047 | +€9,651 | +52.5% |
| Non-recurring operating income | 76A | €150 | €5,477 | +€5,327 | +3551.1% |
| Remuneration, social security and pensions | 62 | €75,239 | €148,780 | +€73,541 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,845 | €36,898 | +€13,053 | +54.7% |
| Other operating charges | 640/8 | €544 | €488 | -€55 | -10.2% |
| Non-recurring operating charges | 66A | €0 | €200 | +€200 | |
| Gross operating margin | 9900 | €244,703 | €18,236 | -€226,467 | -92.5% |
| Operating profit (loss) | 9901 | €145,075 | -€168,130 | -€313,205 | |
| Financial income | 75/76B | €121 | €3,311 | +€3,190 | +2643.0% |
| Recurring financial income | 75 | €121 | €3,311 | +€3,190 | +2643.0% |
| Financial charges | 65/66B | €101,049 | €107,737 | +€6,687 | +6.6% |
| Recurring financial charges | 65 | €101,049 | €107,737 | +€6,687 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €44,146 | -€272,556 | -€316,702 | |
| Income taxes | 67/77 | €330 | €418 | +€88 | +26.5% |
| Profit (loss) for the period | 9904 | €43,816 | -€272,974 | -€316,790 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,816 | -€272,974 | -€316,790 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.