LEGATUS: 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.
LEGATUS
Largest movements
- Cash -€42,862
down €42,862 (-43.0%), from €99,695 to €56,833
mainly Debts after one year (-€95,978) and Trade debts (-€21,077)
- Deferred charges and accrued income -€27,618
down €27,618 (-34.5%), from €79,987 to €52,369
- Debts after one year -€95,978
no longer reported in 2025 (was €95,978)
- Reserves +€57,084
up €57,084 (+65.5%), from €87,110 to €144,194
- Trade debts -€21,077
down €21,077 (-35.0%), from €60,207 to €39,130
- Tax, wage and social debts -€12,315
down €12,315 (-37.7%), from €32,667 to €20,352
- Gross operating margin -€18,433
down €18,433 (-20.2%), from €91,039 to €72,606
- Taxes -€4,020
down €4,020 (-20.9%), from €19,221 to €15,201
- Financial income +€3,529
up €3,529 (+303%), from €1,167 to €4,696
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 | €278,961 | €206,675 | -€72,286 | -25.9% |
| Fixed assets | 21/28 | €2,101 | €1,040 | -€1,061 | -50.5% |
| Tangible fixed assets | 22/27 | €2,101 | €1,040 | -€1,061 | -50.5% |
| Furniture and vehicles | 24 | €2,101 | €1,040 | -€1,061 | -50.5% |
| Current assets | 29/58 | €276,860 | €205,636 | -€71,225 | -25.7% |
| Amounts receivable within one year | 40/41 | €97,179 | €96,435 | -€744 | -0.8% |
| Trade receivables | 40 | €22,110 | €5,972 | -€16,138 | -73.0% |
| Other amounts receivable | 41 | €75,069 | €90,463 | +€15,394 | +20.5% |
| Cash at bank and in hand | 54/58 | €99,695 | €56,833 | -€42,862 | -43.0% |
| Deferred charges and accrued income | 490/1 | €79,987 | €52,369 | -€27,618 | -34.5% |
| Total equity and liabilities | 10/49 | €278,961 | €206,675 | -€72,286 | -25.9% |
| Equity | 10/15 | €90,110 | €147,194 | +€57,084 | +63.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,110 | €144,194 | +€57,084 | +65.5% |
| Distributable reserves | 133 | €87,110 | €144,194 | +€57,084 | +65.5% |
| Amounts payable | 17/49 | €188,851 | €59,482 | -€129,370 | -68.5% |
| Amounts payable after more than one year | 17 | €95,978 | - | -€95,978 | |
| Financial debts | 170/4 | €95,978 | - | -€95,978 | |
| Amounts payable within one year | 42/48 | €92,874 | €59,482 | -€33,392 | -36.0% |
| Trade debts | 44 | €60,207 | €39,130 | -€21,077 | -35.0% |
| Suppliers | 440/4 | €60,207 | €39,130 | -€21,077 | -35.0% |
| Taxes, remuneration and social security | 45 | €32,667 | €20,352 | -€12,315 | -37.7% |
| Taxes | 450/3 | €32,667 | €20,352 | -€12,315 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €1,061 | -€187 | -14.9% |
| Other operating charges | 640/8 | €1,165 | €841 | -€324 | -27.8% |
| Gross operating margin | 9900 | €91,039 | €72,606 | -€18,433 | -20.2% |
| Operating profit (loss) | 9901 | €88,626 | €70,704 | -€17,922 | -20.2% |
| Financial income | 75/76B | €1,167 | €4,696 | +€3,529 | +303% |
| Recurring financial income | 75 | €1,167 | €4,696 | +€3,529 | +303% |
| Financial charges | 65/66B | €2,423 | €3,115 | +€692 | +28.5% |
| Recurring financial charges | 65 | €2,423 | €3,115 | +€692 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €87,369 | €72,285 | -€15,084 | -17.3% |
| Income taxes | 67/77 | €19,221 | €15,201 | -€4,020 | -20.9% |
| Profit (loss) for the period | 9904 | €68,148 | €57,084 | -€11,064 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,148 | €57,084 | -€11,064 | -16.2% |
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 19 October 2026 via checked.be.