QUIST Legato: 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.
QUIST Legato
Largest movements
- Tangible fixed assets +€380,675
up €380,675 (+72.9%), from €522,193 to €902,869
of which Land and buildings: +€381,767
- Cash +€25,392
up €25,392 (+347%), from €7,312 to €32,704
mainly Debts after one year (+€298,771) and Net result for the year (+€51,124)
- Debts after one year +€298,771
up €298,771 (+512%), from €58,408 to €357,179
- Current portion of long-term debt +€32,096
up €32,096 (+106%), from €30,241 to €62,337
- Profit (loss) carried forward +€31,124
up €31,124 (+21.6%), from €143,810 to €174,934
- Other debts +€25,047
up €25,047 (+25.0%), from €100,000 to €125,047
- Trade debts +€12,613
up €12,613 (+131%), from €9,595 to €22,208
- Gross operating margin +€37,609
up €37,609 (+58.2%), from €64,596 to €102,205
- Depreciation +€7,752
up €7,752 (+53.6%), from €14,468 to €22,221
- Taxes +€5,702
up €5,702 (+51.1%), from €11,161 to €16,863
- Financial charges +€3,102
up €3,102 (+155%), from €2,000 to €5,102
- Other operating charges +€1,514
up €1,514 (+28.1%), from €5,382 to €6,895
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 | €538,054 | €937,740 | +€399,686 | +74.3% |
| Fixed assets | 21/28 | €522,193 | €902,869 | +€380,675 | +72.9% |
| Tangible fixed assets | 22/27 | €522,193 | €902,869 | +€380,675 | +72.9% |
| Land and buildings | 22 | €518,916 | €900,683 | +€381,767 | +73.6% |
| Plant, machinery and equipment | 23 | €3,277 | €2,186 | -€1,091 | -33.3% |
| Current assets | 29/58 | €15,860 | €34,871 | +€19,011 | +120% |
| Amounts receivable within one year | 40/41 | €5,937 | €602 | -€5,335 | -89.9% |
| Trade receivables | 40 | €5,037 | €602 | -€4,435 | -88.0% |
| Other amounts receivable | 41 | €900 | - | -€900 | |
| Cash at bank and in hand | 54/58 | €7,312 | €32,704 | +€25,392 | +347% |
| Deferred charges and accrued income | 490/1 | €2,611 | €1,565 | -€1,046 | -40.1% |
| Total equity and liabilities | 10/49 | €538,054 | €937,740 | +€399,686 | +74.3% |
| Equity | 10/15 | €339,810 | €370,934 | +€31,124 | +9.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €176,000 | €176,000 | = | 0.0% |
| Distributable reserves | 133 | €176,000 | €176,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,810 | €174,934 | +€31,124 | +21.6% |
| Amounts payable | 17/49 | €198,244 | €566,806 | +€368,562 | +186% |
| Amounts payable after more than one year | 17 | €58,408 | €357,179 | +€298,771 | +512% |
| Financial debts | 170/4 | €58,408 | €357,179 | +€298,771 | +512% |
| Amounts payable within one year | 42/48 | €139,836 | €209,627 | +€69,791 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €30,241 | €62,337 | +€32,096 | +106% |
| Trade debts | 44 | €9,595 | €22,208 | +€12,613 | +131% |
| Suppliers | 440/4 | €9,595 | €22,208 | +€12,613 | +131% |
| Taxes, remuneration and social security | 45 | - | €35 | +€35 | |
| Taxes | 450/3 | - | €35 | +€35 | |
| Other amounts payable | 47/48 | €100,000 | €125,047 | +€25,047 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,468 | €22,221 | +€7,752 | +53.6% |
| Other operating charges | 640/8 | €5,382 | €6,895 | +€1,514 | +28.1% |
| Gross operating margin | 9900 | €64,596 | €102,205 | +€37,609 | +58.2% |
| Operating profit (loss) | 9901 | €44,746 | €73,089 | +€28,343 | +63.3% |
| Financial charges | 65/66B | €2,000 | €5,102 | +€3,102 | +155% |
| Recurring financial charges | 65 | €2,000 | €5,102 | +€3,102 | +155% |
| Profit (loss) for the period before taxes | 9903 | €42,746 | €67,987 | +€25,241 | +59.0% |
| Income taxes | 67/77 | €11,161 | €16,863 | +€5,702 | +51.1% |
| Profit (loss) for the period | 9904 | €31,585 | €51,124 | +€19,539 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,585 | €51,124 | +€19,539 | +61.9% |
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 13 October 2026 via checked.be.