LEGITIME: 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.
LEGITIME
Largest movements
- Intangible fixed assets -€25,571
down €25,571 (-19.7%), from €129,959 to €104,388
- Cash +€12,500
up €12,500 (+31.9%), from €39,171 to €51,671
mainly Depreciation (+€27,708) and Net result for the year (+€12,973)
- Tangible fixed assets +€5,206
up €5,206 (+109.9%), from €4,738 to €9,944
of which Furniture and vehicles: +€5,476
- Receivables within one year -€2,991
down €2,991 (-15.8%), from €18,964 to €15,972
of which Other amounts receivable: -€3,769
- Debts after one year -€24,637
down €24,637 (-19.1%), from €128,937 to €104,300
- Reserves +€12,973
up €12,973 (+46.3%), from €28,028 to €41,001
- Gross operating margin +€8,892
up €8,892 (+21.1%), from €42,189 to €51,081
- Depreciation +€1,997
up €1,997 (+7.8%), from €25,711 to €27,708
- Taxes +€1,260
up €1,260 (+54.2%), from €2,322 to €3,582
- Financial charges -€1,148
down €1,148 (-15.5%), from €7,422 to €6,274
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 | €193,792 | €182,936 | -€10,856 | -5.6% |
| Fixed assets | 21/28 | €134,697 | €114,332 | -€20,365 | -15.1% |
| Intangible fixed assets | 21 | €129,959 | €104,388 | -€25,571 | -19.7% |
| Tangible fixed assets | 22/27 | €4,738 | €9,944 | +€5,206 | +109.9% |
| Furniture and vehicles | 24 | €3,422 | €8,898 | +€5,476 | +160.0% |
| Other tangible fixed assets | 26 | €1,316 | €1,046 | -€270 | -20.5% |
| Current assets | 29/58 | €59,095 | €68,604 | +€9,509 | +16.1% |
| Amounts receivable within one year | 40/41 | €18,964 | €15,972 | -€2,991 | -15.8% |
| Trade receivables | 40 | €14,777 | €15,555 | +€777 | +5.3% |
| Other amounts receivable | 41 | €4,186 | €418 | -€3,769 | -90.0% |
| Cash at bank and in hand | 54/58 | €39,171 | €51,671 | +€12,500 | +31.9% |
| Deferred charges and accrued income | 490/1 | €960 | €960 | = | 0.0% |
| Total equity and liabilities | 10/49 | €193,792 | €182,936 | -€10,856 | -5.6% |
| Equity | 10/15 | €33,028 | €46,001 | +€12,973 | +39.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,028 | €41,001 | +€12,973 | +46.3% |
| Distributable reserves | 133 | €28,028 | €41,001 | +€12,973 | +46.3% |
| Amounts payable | 17/49 | €160,765 | €136,935 | -€23,830 | -14.8% |
| Amounts payable after more than one year | 17 | €128,937 | €104,300 | -€24,637 | -19.1% |
| Financial debts | 170/4 | €128,937 | €104,300 | -€24,637 | -19.1% |
| Amounts payable within one year | 42/48 | €31,828 | €32,635 | +€808 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €23,655 | €24,637 | +€982 | +4.2% |
| Trade debts | 44 | €1,362 | €197 | -€1,164 | -85.5% |
| Suppliers | 440/4 | €1,362 | €197 | -€1,164 | -85.5% |
| Taxes, remuneration and social security | 45 | €6,530 | €7,520 | +€990 | +15.2% |
| Taxes | 450/3 | €6,530 | €7,520 | +€990 | +15.2% |
| Other amounts payable | 47/48 | €281 | €281 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,711 | €27,708 | +€1,997 | +7.8% |
| Other operating charges | 640/8 | €387 | €544 | +€156 | +40.4% |
| Gross operating margin | 9900 | €42,189 | €51,081 | +€8,892 | +21.1% |
| Operating profit (loss) | 9901 | €16,091 | €22,829 | +€6,739 | +41.9% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €7,422 | €6,274 | -€1,148 | -15.5% |
| Recurring financial charges | 65 | €7,422 | €6,274 | -€1,148 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €8,700 | €16,555 | +€7,856 | +90.3% |
| Income taxes | 67/77 | €2,322 | €3,582 | +€1,260 | +54.2% |
| Profit (loss) for the period | 9904 | €6,377 | €12,973 | +€6,596 | +103.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,377 | €12,973 | +€6,596 | +103.4% |
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 6 October 2026 via checked.be.