LEGIART: 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.
LEGIART
Largest movements
- Receivables within one year +€61,000
new in 2025: €61,000
- Stocks and contracts -€39,432
down €39,432 (-23.2%), from €170,011 to €130,579
- Reserves +€12,008
up €12,008, from €0 to €12,008
- Other debts +€7,086
up €7,086 (+19.2%), from €36,956 to €44,042
- Gross operating margin +€20,848
up €20,848, from -€250 to €20,599
- Financial charges -€5,331
down €5,331 (-49.5%), from €10,767 to €5,436
- Taxes +€1,969
up €1,969, from €0 to €1,969
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 | €180,601 | €202,103 | +€21,502 | +11.9% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €170,601 | €192,103 | +€21,502 | +12.6% |
| Stocks and contracts in progress | 3 | €170,011 | €130,579 | -€39,432 | -23.2% |
| Stocks | 30/36 | €170,011 | €130,579 | -€39,432 | -23.2% |
| Amounts receivable within one year | 40/41 | - | €61,000 | +€61,000 | |
| Other amounts receivable | 41 | - | €61,000 | +€61,000 | |
| Cash at bank and in hand | 54/58 | €590 | €524 | -€66 | -11.1% |
| Total equity and liabilities | 10/49 | €180,601 | €202,103 | +€21,502 | +11.9% |
| Equity | 10/15 | €17,959 | €30,608 | +€12,649 | +70.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €12,008 | +€12,008 | |
| Distributable reserves | 133 | €0 | €12,008 | +€12,008 | |
| Profit (loss) carried forward | 14 | -€641 | €0 | +€641 | |
| Amounts payable | 17/49 | €162,642 | €171,495 | +€8,853 | +5.4% |
| Amounts payable within one year | 42/48 | €161,956 | €171,011 | +€9,055 | +5.6% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €1,969 | +€1,969 | |
| Taxes | 450/3 | €0 | €1,969 | +€1,969 | |
| Other amounts payable | 47/48 | €36,956 | €44,042 | +€7,086 | +19.2% |
| Accrued charges and deferred income | 492/3 | €686 | €484 | -€202 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€250 | €20,599 | +€20,848 | |
| Operating profit (loss) | 9901 | -€778 | €20,055 | +€20,832 | |
| Financial charges | 65/66B | €10,767 | €5,436 | -€5,331 | -49.5% |
| Recurring financial charges | 65 | €10,767 | €5,436 | -€5,331 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,545 | €14,618 | +€26,163 | |
| Income taxes | 67/77 | €0 | €1,969 | +€1,969 | |
| Profit (loss) for the period | 9904 | -€11,545 | €12,649 | +€24,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,545 | €12,649 | +€24,194 |
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 1 November 2026 via checked.be.