Legend51: 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.
Legend51
Largest movements
- Stocks and contracts +€114,954
up €114,954 (+47.6%), from €241,480 to €356,434
- Tangible fixed assets +€30,872
up €30,872 (+48.3%), from €63,856 to €94,728
of which Leasing and similar rights: +€33,366
- Cash -€18,755
down €18,755 (-80.8%), from €23,217 to €4,462
mainly Stocks and contracts (-€114,954) and Investment in fixed assets (net) (-€52,661)
- Profit (loss) carried forward +€79,047
up €79,047 (+335.7%), from €23,544 to €102,591
- Tax, wage and social debts +€22,449
up €22,449 (+276.9%), from €8,106 to €30,555
of which Taxes: +€19,487
- Current portion of long-term debt +€10,753
up €10,753 (+28.9%), from €37,157 to €47,910
- Trade debts +€10,556
up €10,556 (+123.6%), from €8,539 to €19,095
- Other debts +€7,940
up €7,940 (+32.7%), from €24,310 to €32,250
- Gross operating margin +€112,125
up €112,125 (+224.0%), from €50,048 to €162,173
- Depreciation +€18,126
up €18,126 (+589.9%), from €3,072 to €21,198
- Staff costs +€17,941
up €17,941 (+168.8%), from €10,630 to €28,571
- Taxes +€13,670
up €13,670 (+278.5%), from €4,907 to €18,577
- Financial charges +€8,002
up €8,002 (+92.4%), from €8,665 to €16,667
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 | €369,606 | €496,307 | +€126,701 | +34.3% |
| Fixed assets | 21/28 | €65,567 | €97,030 | +€31,463 | +48.0% |
| Intangible fixed assets | 21 | €1,712 | €1,252 | -€460 | -26.9% |
| Tangible fixed assets | 22/27 | €63,856 | €94,728 | +€30,872 | +48.3% |
| Furniture and vehicles | 24 | €532 | €223 | -€309 | -58.1% |
| Leasing and similar rights | 25 | - | €33,366 | +€33,366 | |
| Other tangible fixed assets | 26 | €63,323 | €61,139 | -€2,184 | -3.4% |
| Financial fixed assets | 28 | - | €1,050 | +€1,050 | |
| Current assets | 29/58 | €304,038 | €399,277 | +€95,239 | +31.3% |
| Stocks and contracts in progress | 3 | €241,480 | €356,434 | +€114,954 | +47.6% |
| Stocks | 30/36 | €241,480 | €356,434 | +€114,954 | +47.6% |
| Amounts receivable within one year | 40/41 | €39,269 | €35,651 | -€3,618 | -9.2% |
| Trade receivables | 40 | €12,129 | €35,651 | +€23,522 | +193.9% |
| Other amounts receivable | 41 | €27,140 | - | -€27,140 | |
| Cash at bank and in hand | 54/58 | €23,217 | €4,462 | -€18,755 | -80.8% |
| Deferred charges and accrued income | 490/1 | €72 | €2,730 | +€2,658 | +3684.8% |
| Total equity and liabilities | 10/49 | €369,606 | €496,307 | +€126,701 | +34.3% |
| Equity | 10/15 | €73,544 | €152,591 | +€79,047 | +107.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,544 | €102,591 | +€79,047 | +335.7% |
| Amounts payable | 17/49 | €296,062 | €343,716 | +€47,654 | +16.1% |
| Amounts payable after more than one year | 17 | €211,923 | €212,902 | +€979 | +0.5% |
| Financial debts | 170/4 | €211,923 | €212,902 | +€979 | +0.5% |
| Amounts payable within one year | 42/48 | €83,112 | €129,810 | +€46,698 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €37,157 | €47,910 | +€10,753 | +28.9% |
| Trade debts | 44 | €8,539 | €19,095 | +€10,556 | +123.6% |
| Suppliers | 440/4 | €8,539 | €19,095 | +€10,556 | +123.6% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €8,106 | €30,555 | +€22,449 | +276.9% |
| Taxes | 450/3 | €6,180 | €25,667 | +€19,487 | +315.4% |
| Remuneration and social security | 454/9 | €1,927 | €4,888 | +€2,961 | +153.7% |
| Other amounts payable | 47/48 | €24,310 | €32,250 | +€7,940 | +32.7% |
| Accrued charges and deferred income | 492/3 | €1,027 | €1,004 | -€23 | -2.2% |
| Remuneration, social security and pensions | 62 | €10,630 | €28,571 | +€17,941 | +168.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072 | €21,198 | +€18,126 | +589.9% |
| Other operating charges | 640/8 | €149 | €461 | +€312 | +208.7% |
| Gross operating margin | 9900 | €50,048 | €162,173 | +€112,125 | +224.0% |
| Operating profit (loss) | 9901 | €36,197 | €111,943 | +€75,746 | +209.3% |
| Financial income | 75/76B | €919 | €2,348 | +€1,429 | +155.5% |
| Recurring financial income | 75 | €919 | €2,348 | +€1,429 | +155.5% |
| Financial charges | 65/66B | €8,665 | €16,667 | +€8,002 | +92.4% |
| Recurring financial charges | 65 | €8,665 | €16,667 | +€8,002 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €28,452 | €97,624 | +€69,172 | +243.1% |
| Income taxes | 67/77 | €4,907 | €18,577 | +€13,670 | +278.5% |
| Profit (loss) for the period | 9904 | €23,544 | €79,047 | +€55,503 | +235.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,544 | €79,047 | +€55,503 | +235.7% |
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 29 September 2026 via checked.be.