LEGESI: 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.
LEGESI
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€61,872
down €61,872 (-15.9%), from €389,874 to €328,002
of which Financial debts: -€61,872
- Other debts +€40,594
up €40,594 (+85.2%), from €47,630 to €88,224
- Reserves +€20,139
up €20,139 (+75.3%), from €26,752 to €46,891
- Advances received +€18,150
new in 2025: €18,150
- Current portion of long-term debt -€12,135
down €12,135 (-44.9%), from €26,997 to €14,862
- Gross operating margin -€10,435
down €10,435 (-27.2%), from €38,397 to €27,962
- Financial charges -€6,955
down €6,955 (-95.8%), from €7,264 to €308
- Other operating charges -€1,706
down €1,706 (-60.9%), from €2,800 to €1,094
- Taxes +€748
up €748 (+15.5%), from €4,825 to €5,572
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 | €525,679 | €520,975 | -€4,704 | -0.9% |
| Fixed assets | 21/28 | €507,602 | €506,708 | -€894 | -0.2% |
| Tangible fixed assets | 22/27 | €1,977 | €1,083 | -€894 | -45.2% |
| Furniture and vehicles | 24 | €1,977 | €1,083 | -€894 | -45.2% |
| Financial fixed assets | 28 | €505,625 | €505,625 | = | 0.0% |
| Current assets | 29/58 | €18,077 | €14,267 | -€3,811 | -21.1% |
| Amounts receivable within one year | 40/41 | €10,799 | €9,031 | -€1,769 | -16.4% |
| Trade receivables | 40 | €10,130 | €7,260 | -€2,870 | -28.3% |
| Other amounts receivable | 41 | €669 | €1,771 | +€1,101 | +164.5% |
| Cash at bank and in hand | 54/58 | €6,979 | €5,236 | -€1,744 | -25.0% |
| Deferred charges and accrued income | 490/1 | €298 | €0 | -€298 | -100.0% |
| Total equity and liabilities | 10/49 | €525,679 | €520,975 | -€4,704 | -0.9% |
| Equity | 10/15 | €45,352 | €65,491 | +€20,139 | +44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,752 | €46,891 | +€20,139 | +75.3% |
| Distributable reserves | 133 | €26,752 | €46,891 | +€20,139 | +75.3% |
| Amounts payable | 17/49 | €480,327 | €455,484 | -€24,843 | -5.2% |
| Amounts payable after more than one year | 17 | €389,874 | €328,002 | -€61,872 | -15.9% |
| Financial debts | 170/4 | €377,374 | €315,502 | -€61,872 | -16.4% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,453 | €127,482 | +€37,029 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €26,997 | €14,862 | -€12,135 | -44.9% |
| Financial debts | 43 | €176 | €0 | -€176 | -100.0% |
| Credit institutions | 430/8 | €176 | €0 | -€176 | -100.0% |
| Trade debts | 44 | €1,068 | €673 | -€395 | -37.0% |
| Suppliers | 440/4 | €1,068 | €673 | -€395 | -37.0% |
| Advances received on contracts in progress | 46 | - | €18,150 | +€18,150 | |
| Taxes, remuneration and social security | 45 | €14,582 | €5,572 | -€9,010 | -61.8% |
| Taxes | 450/3 | €14,582 | €5,572 | -€9,010 | -61.8% |
| Other amounts payable | 47/48 | €47,630 | €88,224 | +€40,594 | +85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €894 | -€217 | -19.5% |
| Other operating charges | 640/8 | €2,800 | €1,094 | -€1,706 | -60.9% |
| Gross operating margin | 9900 | €38,397 | €27,962 | -€10,435 | -27.2% |
| Operating profit (loss) | 9901 | €34,487 | €25,974 | -€8,512 | -24.7% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €7,264 | €308 | -€6,955 | -95.8% |
| Recurring financial charges | 65 | €7,264 | €308 | -€6,955 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €27,223 | €25,711 | -€1,512 | -5.6% |
| Income taxes | 67/77 | €4,825 | €5,572 | +€748 | +15.5% |
| Profit (loss) for the period | 9904 | €22,398 | €20,139 | -€2,260 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,398 | €20,139 | -€2,260 | -10.1% |
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 30 September 2026 via checked.be.