Legamaster: 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.
Legamaster
Largest movements
- Cash +€59,505
up €59,505 (+61.0%), from €97,617 to €157,121
mainly Trade debts (+€161,495) and Accrued charges and deferred income (+€73,667)
- Receivables within one year +€40,209
up €40,209 (+4.7%), from €857,584 to €897,793
of which Trade receivables: +€43,495
- Tangible fixed assets -€29,431
down €29,431 (-100.0%), from €29,431 to €0
- Profit (loss) carried forward -€181,737
down €181,737 (-32.0%), from -€567,965 to -€749,702
- Trade debts +€161,495
up €161,495 (+14.8%), from €1.1m to €1.3m
- Accrued charges and deferred income +€73,667
up €73,667 (+22.0%), from €334,594 to €408,261
- Tax, wage and social debts +€19,838
up €19,838 (+19.4%), from €102,229 to €122,067
of which Remuneration and social security: +€10,582
- Gross operating margin +€156,271
up €156,271 (+32.9%), from €474,796 to €631,067
- Staff costs -€13,004
down €13,004 (-1.7%), from €782,184 to €769,180
- Depreciation -€8,518
down €8,518 (-100.0%), from €8,518 to €0
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 | €1,020,092 | €1,090,631 | +€70,539 | +6.9% |
| Fixed assets | 21/28 | €39,936 | €20,850 | -€19,085 | -47.8% |
| Tangible fixed assets | 22/27 | €29,431 | €0 | -€29,431 | -100.0% |
| Furniture and vehicles | 24 | €29,431 | €0 | -€29,431 | -100.0% |
| Financial fixed assets | 28 | €10,504 | €20,850 | +€10,346 | +98.5% |
| Current assets | 29/58 | €980,157 | €1,069,781 | +€89,624 | +9.1% |
| Amounts receivable within one year | 40/41 | €857,584 | €897,793 | +€40,209 | +4.7% |
| Trade receivables | 40 | €853,548 | €897,043 | +€43,495 | +5.1% |
| Other amounts receivable | 41 | €4,037 | €750 | -€3,286 | -81.4% |
| Cash at bank and in hand | 54/58 | €97,617 | €157,121 | +€59,505 | +61.0% |
| Deferred charges and accrued income | 490/1 | €24,956 | €14,867 | -€10,089 | -40.4% |
| Total equity and liabilities | 10/49 | €1,020,092 | €1,090,631 | +€70,539 | +6.9% |
| Equity | 10/15 | -€552,830 | -€734,568 | -€181,737 | -32.9% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€567,965 | -€749,702 | -€181,737 | -32.0% |
| Provisions and deferred taxes | 16 | €44,299 | €41,575 | -€2,724 | -6.2% |
| Provisions for liabilities and charges | 160/5 | €44,299 | €41,575 | -€2,724 | -6.2% |
| Environmental obligations | 163 | €44,299 | €0 | -€44,299 | -100.0% |
| Other liabilities and charges | 164/5 | - | €41,575 | +€41,575 | |
| Amounts payable | 17/49 | €1,528,624 | €1,783,624 | +€255,001 | +16.7% |
| Amounts payable within one year | 42/48 | €1,194,030 | €1,375,363 | +€181,333 | +15.2% |
| Trade debts | 44 | €1,091,801 | €1,253,296 | +€161,495 | +14.8% |
| Suppliers | 440/4 | €1,091,801 | €1,253,296 | +€161,495 | +14.8% |
| Taxes, remuneration and social security | 45 | €102,229 | €122,067 | +€19,838 | +19.4% |
| Taxes | 450/3 | €39,330 | €48,585 | +€9,256 | +23.5% |
| Remuneration and social security | 454/9 | €62,899 | €73,482 | +€10,582 | +16.8% |
| Accrued charges and deferred income | 492/3 | €334,594 | €408,261 | +€73,667 | +22.0% |
| Remuneration, social security and pensions | 62 | €782,184 | €769,180 | -€13,004 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €0 | -€8,518 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,947 | €8,406 | +€458 | +5.8% |
| Non-recurring operating charges | 66A | €0 | €29,431 | +€29,431 | |
| Gross operating margin | 9900 | €474,796 | €631,067 | +€156,271 | +32.9% |
| Operating profit (loss) | 9901 | -€323,853 | -€175,950 | +€147,903 | +45.7% |
| Financial income | 75/76B | €1,163 | €14 | -€1,149 | -98.8% |
| Recurring financial income | 75 | €1,163 | €14 | -€1,149 | -98.8% |
| Financial charges | 65/66B | €4,399 | €4,672 | +€274 | +6.2% |
| Recurring financial charges | 65 | €4,399 | €4,672 | +€274 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€327,089 | -€180,608 | +€146,481 | +44.8% |
| Income taxes | 67/77 | €1,077 | €1,129 | +€52 | +4.9% |
| Profit (loss) for the period | 9904 | -€328,166 | -€181,737 | +€146,429 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€328,166 | -€181,737 | +€146,429 | +44.6% |
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 11 October 2026 via checked.be.