LEGATO: 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.
LEGATO
Largest movements
- Cash -€31,382
down €31,382 (-53.5%), from €58,666 to €27,284
mainly Contributions, distributions and other (-€29,366) and Receivables within one year (-€3,442)
- Receivables within one year +€3,442
up €3,442 (+101.6%), from €3,389 to €6,832
of which Trade receivables: +€2,640
- Tangible fixed assets -€1,927
down €1,927 (-100.0%), from €1,927 to €0
- Reserves -€28,447
down €28,447 (-58.7%), from €48,436 to €19,989
- Tax, wage and social debts -€2,164
down €2,164 (-67.0%), from €3,231 to €1,067
of which Taxes: -€2,164
- Other debts +€1,676
up €1,676 (+1806.0%), from €93 to €1,769
- Accrued charges and deferred income -€976
down €976 (-88.4%), from €1,104 to €128
- Gross operating margin -€2,926
down €2,926 (-40.2%), from €7,279 to €4,354
- Depreciation -€1,483
down €1,483 (-43.5%), from €3,410 to €1,927
- Taxes -€854
down €854 (-55.0%), from €1,552 to €698
- Financial income -€716
down €716 (-100.0%), from €716 to €0
- Other operating charges +€266
up €266 (+68.8%), from €387 to €654
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 | €65,735 | €35,608 | -€30,127 | -45.8% |
| Fixed assets | 21/28 | €1,927 | €0 | -€1,927 | -100.0% |
| Tangible fixed assets | 22/27 | €1,927 | €0 | -€1,927 | -100.0% |
| Furniture and vehicles | 24 | €1,927 | €0 | -€1,927 | -100.0% |
| Current assets | 29/58 | €63,808 | €35,608 | -€28,200 | -44.2% |
| Stocks and contracts in progress | 3 | €1,596 | €989 | -€606 | -38.0% |
| Stocks | 30/36 | €1,596 | €989 | -€606 | -38.0% |
| Amounts receivable within one year | 40/41 | €3,389 | €6,832 | +€3,442 | +101.6% |
| Trade receivables | 40 | €3,389 | €6,030 | +€2,640 | +77.9% |
| Other amounts receivable | 41 | - | €802 | +€802 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,666 | €27,284 | -€31,382 | -53.5% |
| Deferred charges and accrued income | 490/1 | €157 | €502 | +€345 | +219.9% |
| Total equity and liabilities | 10/49 | €65,735 | €35,608 | -€30,127 | -45.8% |
| Equity | 10/15 | €60,908 | €32,460 | -€28,447 | -46.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,436 | €19,989 | -€28,447 | -58.7% |
| Distributable reserves | 133 | €48,436 | €19,989 | -€28,447 | -58.7% |
| Profit (loss) carried forward | 14 | €72 | €72 | = | 0.0% |
| Amounts payable | 17/49 | €4,827 | €3,147 | -€1,680 | -34.8% |
| Amounts payable within one year | 42/48 | €3,723 | €3,019 | -€704 | -18.9% |
| Trade debts | 44 | €399 | €184 | -€216 | -54.0% |
| Suppliers | 440/4 | €399 | €184 | -€216 | -54.0% |
| Taxes, remuneration and social security | 45 | €3,231 | €1,067 | -€2,164 | -67.0% |
| Taxes | 450/3 | €2,331 | €167 | -€2,164 | -92.8% |
| Remuneration and social security | 454/9 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €93 | €1,769 | +€1,676 | +1806.0% |
| Accrued charges and deferred income | 492/3 | €1,104 | €128 | -€976 | -88.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,410 | €1,927 | -€1,483 | -43.5% |
| Other operating charges | 640/8 | €387 | €654 | +€266 | +68.8% |
| Gross operating margin | 9900 | €7,279 | €4,354 | -€2,926 | -40.2% |
| Operating profit (loss) | 9901 | €3,482 | €1,773 | -€1,709 | -49.1% |
| Financial income | 75/76B | €716 | €0 | -€716 | -100.0% |
| Recurring financial income | 75 | €716 | €0 | -€716 | -100.0% |
| Financial charges | 65/66B | €135 | €156 | +€21 | +15.5% |
| Recurring financial charges | 65 | €135 | €156 | +€21 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €4,063 | €1,617 | -€2,446 | -60.2% |
| Income taxes | 67/77 | €1,552 | €698 | -€854 | -55.0% |
| Profit (loss) for the period | 9904 | €2,511 | €919 | -€1,592 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,511 | €919 | -€1,592 | -63.4% |
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.