LEGEA: 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.
LEGEA
Largest movements
- Tangible fixed assets +€102,244
up €102,244 (+4977.0%), from €2,054 to €104,298
of which Land and buildings: +€99,384
- Current investments +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Cash -€41,317
down €41,317 (-29.8%), from €138,677 to €97,360
mainly Investment in fixed assets (net) (-€106,854) and Current investments (-€100,000)
- Deferred charges and accrued income +€4,260
up €4,260 (+250.6%), from €1,700 to €5,960
- Debts after one year +€103,136
new in 2025: €103,136
- Reserves +€55,583
up €55,583 (+48.4%), from €114,898 to €170,480
- Tax, wage and social debts +€15,755
up €15,755 (+26.8%), from €58,879 to €74,633
- Other debts -€10,546
down €10,546 (-73.6%), from €14,335 to €3,789
- Current portion of long-term debt +€5,932
new in 2025: €5,932
- Gross operating margin -€81,620
down €81,620 (-47.4%), from €172,209 to €90,590
- Taxes -€35,419
down €35,419 (-67.1%), from €52,749 to €17,330
- Other operating charges +€11,232
up €11,232 (+437.8%), from €2,565 to €13,797
- Depreciation +€3,067
up €3,067 (+198.7%), from €1,543 to €4,610
- Financial income +€2,808
up €2,808 (+323.0%), from €869 to €3,677
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 | €196,726 | €363,895 | +€167,169 | +85.0% |
| Fixed assets | 21/28 | €2,054 | €104,298 | +€102,244 | +4977.0% |
| Tangible fixed assets | 22/27 | €2,054 | €104,298 | +€102,244 | +4977.0% |
| Land and buildings | 22 | - | €99,384 | +€99,384 | |
| Furniture and vehicles | 24 | €2,054 | €4,914 | +€2,860 | +139.2% |
| Current assets | 29/58 | €194,672 | €259,597 | +€64,925 | +33.4% |
| Amounts receivable within one year | 40/41 | €4,295 | €6,277 | +€1,982 | +46.1% |
| Trade receivables | 40 | €4,295 | €6,277 | +€1,982 | +46.1% |
| Current investments | 50/53 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €138,677 | €97,360 | -€41,317 | -29.8% |
| Deferred charges and accrued income | 490/1 | €1,700 | €5,960 | +€4,260 | +250.6% |
| Total equity and liabilities | 10/49 | €196,726 | €363,895 | +€167,169 | +85.0% |
| Equity | 10/15 | €117,898 | €173,480 | +€55,583 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,898 | €170,480 | +€55,583 | +48.4% |
| Distributable reserves | 133 | €114,898 | €170,480 | +€55,583 | +48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,828 | €190,415 | +€111,586 | +141.6% |
| Amounts payable after more than one year | 17 | - | €103,136 | +€103,136 | |
| Financial debts | 170/4 | - | €103,136 | +€103,136 | |
| Amounts payable within one year | 42/48 | €78,828 | €87,279 | +€8,451 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,932 | +€5,932 | |
| Trade debts | 44 | €5,615 | €2,925 | -€2,690 | -47.9% |
| Suppliers | 440/4 | €5,615 | €2,925 | -€2,690 | -47.9% |
| Taxes, remuneration and social security | 45 | €58,879 | €74,633 | +€15,755 | +26.8% |
| Taxes | 450/3 | €58,879 | €74,633 | +€15,755 | +26.8% |
| Other amounts payable | 47/48 | €14,335 | €3,789 | -€10,546 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,543 | €4,610 | +€3,067 | +198.7% |
| Other operating charges | 640/8 | €2,565 | €13,797 | +€11,232 | +437.8% |
| Gross operating margin | 9900 | €172,209 | €90,590 | -€81,620 | -47.4% |
| Operating profit (loss) | 9901 | €168,101 | €72,182 | -€95,918 | -57.1% |
| Financial income | 75/76B | €869 | €3,677 | +€2,808 | +323.0% |
| Recurring financial income | 75 | €869 | €3,677 | +€2,808 | +323.0% |
| Financial charges | 65/66B | €464 | €2,114 | +€1,650 | +355.4% |
| Recurring financial charges | 65 | €464 | €2,114 | +€1,650 | +355.4% |
| Profit (loss) for the period before taxes | 9903 | €168,506 | €73,745 | -€94,760 | -56.2% |
| Income taxes | 67/77 | €52,749 | €17,330 | -€35,419 | -67.1% |
| Profit (loss) for the period | 9904 | €115,757 | €56,416 | -€59,341 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,757 | €56,416 | -€59,341 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.