LEGRAND SFI: 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.
LEGRAND SFI
Largest movements
- Receivables after one year -€282,000
down €282,000 (-38.0%), from €742,000 to €460,000
- Financial fixed assets -€253,200
down €253,200 (-9.1%), from €2.8m to €2.5m
- Cash -€133,371
down €133,371 (-91.3%), from €146,050 to €12,679
mainly Short-term financial debts (-€798,000) and Other debts (-€95,000)
- Tangible fixed assets -€110,712
down €110,712 (-5.1%), from €2.2m to €2.0m
of which Land and buildings: -€107,069
- Short-term financial debts -€798,000
down €798,000 (-39.9%), from €2.0m to €1.2m
- Reserves +€95,650
up €95,650 (+4.3%), from €2.2m to €2.3m
of which Distributable reserves: +€95,650
- Other debts -€95,000
down €95,000 (-55.5%), from €171,247 to €76,247
- Financial income +€194,581
up €194,581 (+632.6%), from €30,759 to €225,339
of which Non-recurring financial income: +€205,000
- Financial charges -€29,765
down €29,765 (-33.7%), from €88,397 to €58,632
- Gross operating margin +€26,518
up €26,518 (+52.8%), from €50,202 to €76,720
- Depreciation -€13,153
down €13,153 (-10.6%), from €123,866 to €110,712
- Taxes +€9,565
new in 2025: €9,565
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 | €5,914,496 | €5,125,473 | -€789,023 | -13.3% |
| Fixed assets | 21/28 | €4,927,243 | €4,563,330 | -€363,912 | -7.4% |
| Tangible fixed assets | 22/27 | €2,154,577 | €2,043,865 | -€110,712 | -5.1% |
| Land and buildings | 22 | €2,148,615 | €2,041,547 | -€107,069 | -5.0% |
| Plant, machinery and equipment | 23 | €5,962 | €2,318 | -€3,644 | -61.1% |
| Financial fixed assets | 28 | €2,772,665 | €2,519,465 | -€253,200 | -9.1% |
| Current assets | 29/58 | €987,253 | €562,143 | -€425,110 | -43.1% |
| Amounts receivable after more than one year | 29 | €742,000 | €460,000 | -€282,000 | -38.0% |
| Other amounts receivable | 291 | €742,000 | €460,000 | -€282,000 | -38.0% |
| Amounts receivable within one year | 40/41 | €24,377 | €23,363 | -€1,013 | -4.2% |
| Trade receivables | 40 | €370 | - | -€370 | |
| Other amounts receivable | 41 | €24,006 | €23,363 | -€643 | -2.7% |
| Current investments | 50/53 | €60,317 | €60,317 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,050 | €12,679 | -€133,371 | -91.3% |
| Deferred charges and accrued income | 490/1 | €14,510 | €5,784 | -€8,726 | -60.1% |
| Total equity and liabilities | 10/49 | €5,914,496 | €5,125,473 | -€789,023 | -13.3% |
| Equity | 10/15 | €3,737,418 | €3,833,090 | +€95,673 | +2.6% |
| Contributions | 10/11 | €1,505,206 | €1,505,206 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Outside capital | 11 | €5,206 | €5,206 | = | 0.0% |
| Share premium | 1100/10 | €5,206 | €5,206 | = | 0.0% |
| Reserves | 13 | €2,232,212 | €2,327,862 | +€95,650 | +4.3% |
| Non-distributable reserves | 130/1 | €210,317 | €210,317 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Own shares acquired | 1312 | €60,317 | €60,317 | = | 0.0% |
| Distributable reserves | 133 | €2,021,895 | €2,117,545 | +€95,650 | +4.7% |
| Profit (loss) carried forward | 14 | - | €23 | +€23 | |
| Amounts payable | 17/49 | €2,177,078 | €1,292,382 | -€884,696 | -40.6% |
| Amounts payable within one year | 42/48 | €2,170,981 | €1,288,207 | -€882,775 | -40.7% |
| Financial debts | 43 | €1,998,000 | €1,200,000 | -€798,000 | -39.9% |
| Credit institutions | 430/8 | €1,998,000 | €1,200,000 | -€798,000 | -39.9% |
| Trade debts | 44 | €670 | €1,316 | +€646 | +96.4% |
| Suppliers | 440/4 | €670 | €1,316 | +€646 | +96.4% |
| Taxes, remuneration and social security | 45 | €1,064 | €10,644 | +€9,580 | +900.0% |
| Taxes | 450/3 | €1,064 | €10,644 | +€9,580 | +900.0% |
| Other amounts payable | 47/48 | €171,247 | €76,247 | -€95,000 | -55.5% |
| Accrued charges and deferred income | 492/3 | €6,097 | €4,176 | -€1,921 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,866 | €110,712 | -€13,153 | -10.6% |
| Other operating charges | 640/8 | €26,641 | €27,477 | +€836 | +3.1% |
| Gross operating margin | 9900 | €50,202 | €76,720 | +€26,518 | +52.8% |
| Operating profit (loss) | 9901 | -€100,305 | -€61,470 | +€38,836 | +38.7% |
| Financial income | 75/76B | €30,759 | €225,339 | +€194,581 | +632.6% |
| Recurring financial income | 75 | €30,759 | €20,339 | -€10,419 | -33.9% |
| Non-recurring financial income | 76B | - | €205,000 | +€205,000 | |
| Financial charges | 65/66B | €88,397 | €58,632 | -€29,765 | -33.7% |
| Recurring financial charges | 65 | €88,397 | €58,632 | -€29,765 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€157,944 | €105,238 | +€263,181 | |
| Income taxes | 67/77 | - | €9,565 | +€9,565 | |
| Profit (loss) for the period | 9904 | -€157,944 | €95,673 | +€253,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€157,944 | €95,673 | +€253,616 |
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 7 October 2026 via checked.be.