LEGIT: 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.
LEGIT
Largest movements
- Receivables within one year +€19,019
new in 2025: €19,019
of which Trade receivables: +€18,500
- Cash -€10,578
down €10,578 (-27.1%), from €39,083 to €28,505
mainly Receivables within one year (-€19,019) and Investment in fixed assets (net) (-€12,021)
- Tangible fixed assets +€3,903
up €3,903 (+3.0%), from €128,136 to €132,038
of which Plant, machinery and equipment: +€2,698
- Accrued charges and deferred income +€10,456
new in 2025: €10,456
- Other debts -€4,514
down €4,514 (-100%), from €4,514 to €0
- Trade debts +€4,056
up €4,056 (+32.1%), from €12,637 to €16,693
- Reserves +€2,323
up €2,323 (+8.2%), from €28,286 to €30,609
of which Distributable reserves: +€2,207
- Gross operating margin -€29,717
down €29,717 (-48.5%), from €61,211 to €31,494
- Taxes -€11,648
down €11,648 (-87.4%), from €13,329 to €1,681
- Other operating charges +€6,628
up €6,628 (+52.4%), from €12,640 to €19,268
- Depreciation +€1,356
up €1,356 (+20.1%), from €6,762 to €8,119
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 | €167,218 | €181,221 | +€14,003 | +8.4% |
| Fixed assets | 21/28 | €128,136 | €132,038 | +€3,903 | +3.0% |
| Tangible fixed assets | 22/27 | €128,136 | €132,038 | +€3,903 | +3.0% |
| Land and buildings | 22 | €128,136 | €129,340 | +€1,204 | +0.9% |
| Plant, machinery and equipment | 23 | - | €2,698 | +€2,698 | |
| Current assets | 29/58 | €39,083 | €49,183 | +€10,100 | +25.8% |
| Amounts receivable within one year | 40/41 | - | €19,019 | +€19,019 | |
| Trade receivables | 40 | - | €18,500 | +€18,500 | |
| Other amounts receivable | 41 | - | €519 | +€519 | |
| Cash at bank and in hand | 54/58 | €39,083 | €28,505 | -€10,578 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €1,659 | +€1,659 | |
| Total equity and liabilities | 10/49 | €167,218 | €181,221 | +€14,003 | +8.4% |
| Equity | 10/15 | €135,239 | €137,563 | +€2,323 | +1.7% |
| Contributions | 10/11 | €100,397 | €100,397 | = | 0.0% |
| Capital | 10 | - | €100,397 | +€100,397 | |
| Issued capital | 100 | - | €100,397 | +€100,397 | |
| Contributions outside capital | 11 | €100,397 | €0 | -€100,397 | -100% |
| Other | 1109/19 | €100,397 | €0 | -€100,397 | -100% |
| Reserves | 13 | €28,286 | €30,609 | +€2,323 | +8.2% |
| Non-distributable reserves | 130/1 | - | €116 | +€116 | |
| Legal reserve | 130 | - | €116 | +€116 | |
| Distributable reserves | 133 | €28,286 | €30,493 | +€2,207 | +7.8% |
| Profit (loss) carried forward | 14 | €6,557 | €6,557 | = | 0.0% |
| Amounts payable | 17/49 | €31,979 | €43,659 | +€11,680 | +36.5% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,479 | €31,703 | +€1,224 | +4.0% |
| Trade debts | 44 | €12,637 | €16,693 | +€4,056 | +32.1% |
| Suppliers | 440/4 | €12,637 | €16,693 | +€4,056 | +32.1% |
| Taxes, remuneration and social security | 45 | €13,329 | €15,010 | +€1,681 | +12.6% |
| Taxes | 450/3 | €13,329 | €15,010 | +€1,681 | +12.6% |
| Other amounts payable | 47/48 | €4,514 | €0 | -€4,514 | -100% |
| Accrued charges and deferred income | 492/3 | - | €10,456 | +€10,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,762 | €8,119 | +€1,356 | +20.1% |
| Other operating charges | 640/8 | €12,640 | €19,268 | +€6,628 | +52.4% |
| Gross operating margin | 9900 | €61,211 | €31,494 | -€29,717 | -48.5% |
| Operating profit (loss) | 9901 | €41,809 | €4,108 | -€37,701 | -90.2% |
| Financial income | 75/76B | - | €142 | +€142 | |
| Recurring financial income | 75 | - | €142 | +€142 | |
| Financial charges | 65/66B | €195 | €246 | +€51 | +26.0% |
| Recurring financial charges | 65 | €195 | €246 | +€51 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €41,614 | €4,004 | -€37,610 | -90.4% |
| Income taxes | 67/77 | €13,329 | €1,681 | -€11,648 | -87.4% |
| Profit (loss) for the period | 9904 | €28,286 | €2,323 | -€25,962 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,286 | €2,323 | -€25,962 | -91.8% |
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 14 October 2026 via checked.be.