LEGGATUM: 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.
LEGGATUM
Largest movements
- Cash -€115,331
down €115,331 (-68.1%), from €169,253 to €53,922
mainly Receivables within one year (-€66,121) and Stocks and contracts (-€57,766)
- Receivables within one year +€66,121
up €66,121 (+6.7%), from €985,335 to €1.1m
of which Other amounts receivable: +€61,683
- Stocks and contracts +€57,766
up €57,766 (+67.9%), from €85,112 to €142,878
- Other debts +€39,931
up €39,931 (+3.5%), from €1.1m to €1.2m
- Trade debts -€39,127
down €39,127 (-37.3%), from €104,869 to €65,742
- Gross operating margin -€22,608
down €22,608 (-48.8%), from €46,354 to €23,746
- Financial charges -€16,942
down €16,942 (-55.5%), from €30,508 to €13,566
- Other operating charges -€1,681
down €1,681 (-23.0%), from €7,311 to €5,630
- Taxes -€1,132
no longer reported in 2025 (was €1,132)
- Financial income -€687
down €687 (-6.8%), from €10,173 to €9,486
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 | €1,415,732 | €1,412,398 | -€3,334 | -0.2% |
| Fixed assets | 21/28 | €175,030 | €163,540 | -€11,490 | -6.6% |
| Tangible fixed assets | 22/27 | €156,616 | €145,126 | -€11,490 | -7.3% |
| Land and buildings | 22 | €136,658 | €129,885 | -€6,773 | -5.0% |
| Plant, machinery and equipment | 23 | €1,195 | €866 | -€329 | -27.5% |
| Furniture and vehicles | 24 | €8,762 | €6,088 | -€2,674 | -30.5% |
| Other tangible fixed assets | 26 | €10,001 | €8,287 | -€1,714 | -17.1% |
| Financial fixed assets | 28 | €18,414 | €18,414 | = | 0.0% |
| Current assets | 29/58 | €1,240,702 | €1,248,858 | +€8,156 | +0.7% |
| Stocks and contracts in progress | 3 | €85,112 | €142,878 | +€57,766 | +67.9% |
| Stocks | 30/36 | €85,112 | €142,878 | +€57,766 | +67.9% |
| Amounts receivable within one year | 40/41 | €985,335 | €1,051,456 | +€66,121 | +6.7% |
| Trade receivables | 40 | €344,070 | €348,508 | +€4,438 | +1.3% |
| Other amounts receivable | 41 | €641,265 | €702,948 | +€61,683 | +9.6% |
| Cash at bank and in hand | 54/58 | €169,253 | €53,922 | -€115,331 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,002 | €602 | -€400 | -39.9% |
| Total equity and liabilities | 10/49 | €1,415,732 | €1,412,398 | -€3,334 | -0.2% |
| Equity | 10/15 | €117,225 | €117,508 | +€283 | +0.2% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Capital | 10 | €42,000 | €42,000 | = | 0.0% |
| Issued capital | 100 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €75,225 | €75,508 | +€283 | +0.4% |
| Non-distributable reserves | 130/1 | €5,548 | €5,548 | = | 0.0% |
| Legal reserve | 130 | €5,548 | €5,548 | = | 0.0% |
| Distributable reserves | 133 | €69,677 | €69,960 | +€283 | +0.4% |
| Amounts payable | 17/49 | €1,298,507 | €1,294,890 | -€3,617 | -0.3% |
| Amounts payable after more than one year | 17 | €48,608 | €45,444 | -€3,164 | -6.5% |
| Financial debts | 170/4 | €48,608 | €45,444 | -€3,164 | -6.5% |
| Amounts payable within one year | 42/48 | €1,249,565 | €1,249,111 | -€454 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €3,107 | €3,164 | +€57 | +1.8% |
| Trade debts | 44 | €104,869 | €65,742 | -€39,127 | -37.3% |
| Suppliers | 440/4 | €104,869 | €65,742 | -€39,127 | -37.3% |
| Taxes, remuneration and social security | 45 | €1,315 | - | -€1,315 | |
| Taxes | 450/3 | €1,315 | - | -€1,315 | |
| Other amounts payable | 47/48 | €1,140,274 | €1,180,205 | +€39,931 | +3.5% |
| Accrued charges and deferred income | 492/3 | €334 | €335 | +€1 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,743 | €13,753 | +€10 | +0.1% |
| Other operating charges | 640/8 | €7,311 | €5,630 | -€1,681 | -23.0% |
| Gross operating margin | 9900 | €46,354 | €23,746 | -€22,608 | -48.8% |
| Operating profit (loss) | 9901 | €25,300 | €4,363 | -€20,937 | -82.8% |
| Financial income | 75/76B | €10,173 | €9,486 | -€687 | -6.8% |
| Recurring financial income | 75 | €10,173 | €9,486 | -€687 | -6.8% |
| Financial charges | 65/66B | €30,508 | €13,566 | -€16,942 | -55.5% |
| Recurring financial charges | 65 | €30,508 | €13,566 | -€16,942 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €4,965 | €283 | -€4,682 | -94.3% |
| Income taxes | 67/77 | €1,132 | - | -€1,132 | |
| Profit (loss) for the period | 9904 | €3,833 | €283 | -€3,550 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,833 | €283 | -€3,550 | -92.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.