Legon: 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.
Legon
Largest movements
- Financial fixed assets -€120,000
down €120,000 (-6.1%), from €2.0m to €1.8m
- Stocks and contracts +€56,005
up €56,005 (+14.2%), from €395,195 to €451,200
- Receivables within one year -€55,953
down €55,953 (-10.7%), from €523,735 to €467,782
of which Trade receivables: -€49,948
- Cash +€44,968
up €44,968 (+40.7%), from €110,386 to €155,354
mainly Depreciation (+€150,213) and Receivables within one year (+€55,953)
- Debts after one year -€78,375
down €78,375 (-5.1%), from €1.5m to €1.5m
- Trade debts -€43,203
down €43,203 (-10.6%), from €405,805 to €362,602
- Gross operating margin -€386,623
down €386,623 (-38.5%), from €1.0m to €616,939
- Financial charges -€265,477
down €265,477 (-77.2%), from €343,716 to €78,239
of which Non-recurring financial charges: -€302,460
- Purchases and services +€174,336
up €174,336 (+5.9%), from €2.9m to €3.1m
- Staff costs -€58,398
down €58,398 (-11.9%), from €489,629 to €431,231
- Financial income +€41,096
up €41,096 (+151%), from €27,229 to €68,325
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 | €3,376,109 | €3,270,167 | -€105,942 | -3.1% |
| Fixed assets | 21/28 | €2,339,034 | €2,192,210 | -€146,823 | -6.3% |
| Tangible fixed assets | 22/27 | €379,034 | €352,210 | -€26,823 | -7.1% |
| Land and buildings | 22 | €204,190 | €184,490 | -€19,700 | -9.6% |
| Plant, machinery and equipment | 23 | €173,516 | €157,622 | -€15,894 | -9.2% |
| Furniture and vehicles | 24 | €1,327 | €10,098 | +€8,771 | +661% |
| Financial fixed assets | 28 | €1,960,000 | €1,840,000 | -€120,000 | -6.1% |
| Current assets | 29/58 | €1,037,076 | €1,077,957 | +€40,881 | +3.9% |
| Stocks and contracts in progress | 3 | €395,195 | €451,200 | +€56,005 | +14.2% |
| Stocks | 30/36 | €395,195 | €451,200 | +€56,005 | +14.2% |
| Amounts receivable within one year | 40/41 | €523,735 | €467,782 | -€55,953 | -10.7% |
| Trade receivables | 40 | €491,792 | €441,844 | -€49,948 | -10.2% |
| Other amounts receivable | 41 | €31,943 | €25,937 | -€6,005 | -18.8% |
| Current investments | 50/53 | €428 | €428 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,386 | €155,354 | +€44,968 | +40.7% |
| Deferred charges and accrued income | 490/1 | €7,332 | €3,193 | -€4,139 | -56.4% |
| Total equity and liabilities | 10/49 | €3,376,109 | €3,270,167 | -€105,942 | -3.1% |
| Equity | 10/15 | €1,280,457 | €1,282,056 | +€1,599 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,229,519 | €1,229,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,223,319 | €1,223,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,062 | -€9,462 | +€1,599 | +14.5% |
| Amounts payable | 17/49 | €2,095,652 | €1,988,111 | -€107,542 | -5.1% |
| Amounts payable after more than one year | 17 | €1,530,000 | €1,451,625 | -€78,375 | -5.1% |
| Financial debts | 170/4 | €1,530,000 | €1,451,625 | -€78,375 | -5.1% |
| Amounts payable within one year | 42/48 | €565,652 | €536,486 | -€29,167 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €143,125 | +€23,125 | +19.3% |
| Trade debts | 44 | €405,805 | €362,602 | -€43,203 | -10.6% |
| Suppliers | 440/4 | €405,805 | €362,602 | -€43,203 | -10.6% |
| Taxes, remuneration and social security | 45 | €37,154 | €28,982 | -€8,173 | -22.0% |
| Remuneration and social security | 454/9 | €37,154 | €28,982 | -€8,173 | -22.0% |
| Other amounts payable | 47/48 | €2,693 | €1,777 | -€916 | -34.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,931,674 | €3,106,011 | +€174,336 | +5.9% |
| Remuneration, social security and pensions | 62 | €489,629 | €431,231 | -€58,398 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,306 | €150,213 | -€24,093 | -13.8% |
| Other operating charges | 640/8 | €32,894 | €23,973 | -€8,922 | -27.1% |
| Gross operating margin | 9900 | €1,003,562 | €616,939 | -€386,623 | -38.5% |
| Operating profit (loss) | 9901 | €306,734 | €11,523 | -€295,211 | -96.2% |
| Financial income | 75/76B | €27,229 | €68,325 | +€41,096 | +151% |
| Recurring financial income | 75 | €27,229 | €68,325 | +€41,096 | +151% |
| Financial charges | 65/66B | €343,716 | €78,239 | -€265,477 | -77.2% |
| Recurring financial charges | 65 | €41,256 | €78,239 | +€36,983 | +89.6% |
| Non-recurring financial charges | 66B | €302,460 | - | -€302,460 | |
| Profit (loss) for the period before taxes | 9903 | -€9,754 | €1,608 | +€11,361 | |
| Income taxes | 67/77 | €1,308 | €8 | -€1,300 | -99.4% |
| Profit (loss) for the period | 9904 | -€11,062 | €1,599 | +€12,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,062 | €1,599 | +€12,661 |
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 18 October 2026 via checked.be.