PIERRE LEGRAND: 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.
PIERRE LEGRAND
Largest movements
- Stocks and contracts -€359,969
down €359,969 (-14.2%), from €2.5m to €2.2m
- Cash +€183,187
up €183,187 (+8,369%), from €2,189 to €185,376
mainly Trade debts (+€625,517) and Stocks and contracts (+€359,969)
- Short-term financial debts -€748,829
down €748,829 (-31.1%), from €2.4m to €1.7m
- Trade debts +€625,517
up €625,517 (+1,778%), from €35,189 to €660,706
- Profit (loss) carried forward -€129,421
down €129,421, from €10,744 to -€118,677
- Tax, wage and social debts +€97,253
up €97,253, from €0 to €97,253
- Gross operating margin -€99,963
down €99,963, from €10,668 to -€89,295
- Taxes +€26,173
new in 2025: €26,173
- Financial charges +€9,372
up €9,372 (+233%), from €4,024 to €13,396
- Financial income -€5,092
no longer reported in 2025 (was €5,092)
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 | €2,547,921 | €2,367,984 | -€179,937 | -7.1% |
| Current assets | 29/58 | €2,547,921 | €2,367,984 | -€179,937 | -7.1% |
| Stocks and contracts in progress | 3 | €2,537,363 | €2,177,395 | -€359,969 | -14.2% |
| Stocks | 30/36 | €2,537,363 | €2,177,395 | -€359,969 | -14.2% |
| Amounts receivable within one year | 40/41 | €8,369 | €5,200 | -€3,169 | -37.9% |
| Trade receivables | 40 | €3,950 | €5,200 | +€1,250 | +31.6% |
| Other amounts receivable | 41 | €4,419 | €0 | -€4,419 | -100% |
| Cash at bank and in hand | 54/58 | €2,189 | €185,376 | +€183,187 | +8,369% |
| Deferred charges and accrued income | 490/1 | €0 | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €2,547,921 | €2,367,984 | -€179,937 | -7.1% |
| Equity | 10/15 | €20,744 | -€108,677 | -€129,421 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,744 | -€118,677 | -€129,421 | |
| Amounts payable | 17/49 | €2,527,177 | €2,476,661 | -€50,517 | -2.0% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €2,526,437 | €2,476,661 | -€49,776 | -2.0% |
| Financial debts | 43 | €2,410,603 | €1,661,773 | -€748,829 | -31.1% |
| Credit institutions | 430/8 | €2,410,603 | €1,661,773 | -€748,829 | -31.1% |
| Trade debts | 44 | €35,189 | €660,706 | +€625,517 | +1,778% |
| Suppliers | 440/4 | €35,189 | €660,706 | +€625,517 | +1,778% |
| Taxes, remuneration and social security | 45 | €0 | €97,253 | +€97,253 | |
| Taxes | 450/3 | €0 | €97,253 | +€97,253 | |
| Other amounts payable | 47/48 | €80,646 | €56,928 | -€23,718 | -29.4% |
| Accrued charges and deferred income | 492/3 | €740 | €0 | -€740 | -100% |
| Other operating charges | 640/8 | €992 | €557 | -€435 | -43.9% |
| Gross operating margin | 9900 | €10,668 | -€89,295 | -€99,963 | |
| Operating profit (loss) | 9901 | €9,676 | -€89,852 | -€99,528 | |
| Financial income | 75/76B | €5,092 | - | -€5,092 | |
| Recurring financial income | 75 | €5,092 | - | -€5,092 | |
| Financial charges | 65/66B | €4,024 | €13,396 | +€9,372 | +233% |
| Recurring financial charges | 65 | €4,024 | €13,396 | +€9,372 | +233% |
| Profit (loss) for the period before taxes | 9903 | €10,744 | -€103,248 | -€113,992 | |
| Income taxes | 67/77 | - | €26,173 | +€26,173 | |
| Profit (loss) for the period | 9904 | €10,744 | -€129,421 | -€140,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,744 | -€129,421 | -€140,165 |
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 23 October 2026 via checked.be.