S. 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.
S. LEGRAND
Largest movements
- Tangible fixed assets -€21,366
down €21,366 (-9.8%), from €218,376 to €197,010
of which Other tangible fixed assets: -€18,753
- Receivables within one year +€7,206
up €7,206 (+22.1%), from €32,560 to €39,766
- Cash +€2,777
up €2,777 (+95.6%), from €2,904 to €5,681
mainly Depreciation (+€21,366) and Net result for the year (+€13,227)
- Debts after one year -€23,443
down €23,443 (-15.1%), from €155,302 to €131,859
of which Financial debts: -€23,443
- Tax, wage and social debts +€12,948
up €12,948 (+170%), from €7,608 to €20,556
- Short-term financial debts -€12,392
no longer reported in 2025 (was €12,392)
- Reserves +€11,242
up €11,242 (+21.0%), from €53,593 to €64,835
of which Distributable reserves: +€13,141
- Gross operating margin +€15,909
up €15,909 (+36.5%), from €43,641 to €59,551
- Taxes +€5,381
up €5,381 (+61.1%), from €8,800 to €14,181
- Depreciation +€2,620
up €2,620 (+14.0%), from €18,745 to €21,366
- Financial income -€1,534
no longer reported in 2025 (was €1,534)
- Other operating charges +€1,463
up €1,463 (+80.5%), from €1,816 to €3,279
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 | €256,268 | €245,074 | -€11,193 | -4.4% |
| Fixed assets | 21/28 | €218,996 | €197,630 | -€21,366 | -9.8% |
| Tangible fixed assets | 22/27 | €218,376 | €197,010 | -€21,366 | -9.8% |
| Plant, machinery and equipment | 23 | €12,460 | €10,996 | -€1,463 | -11.7% |
| Furniture and vehicles | 24 | €1,400 | €251 | -€1,150 | -82.1% |
| Other tangible fixed assets | 26 | €204,516 | €185,763 | -€18,753 | -9.2% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €37,272 | €47,445 | +€10,172 | +27.3% |
| Amounts receivable within one year | 40/41 | €32,560 | €39,766 | +€7,206 | +22.1% |
| Other amounts receivable | 41 | €32,560 | €39,766 | +€7,206 | +22.1% |
| Cash at bank and in hand | 54/58 | €2,904 | €5,681 | +€2,777 | +95.6% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,998 | +€189 | +10.5% |
| Total equity and liabilities | 10/49 | €256,268 | €245,074 | -€11,193 | -4.4% |
| Equity | 10/15 | €41,170 | €54,397 | +€13,227 | +32.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €53,593 | €64,835 | +€11,242 | +21.0% |
| Tax-exempt reserves | 132 | €24,734 | €22,835 | -€1,899 | -7.7% |
| Distributable reserves | 133 | €28,859 | €42,000 | +€13,141 | +45.5% |
| Profit (loss) carried forward | 14 | -€18,620 | -€16,635 | +€1,985 | +10.7% |
| Provisions and deferred taxes | 16 | €12,736 | €11,758 | -€978 | -7.7% |
| Deferred taxes | 168 | €12,736 | €11,758 | -€978 | -7.7% |
| Amounts payable | 17/49 | €202,362 | €178,919 | -€23,443 | -11.6% |
| Amounts payable after more than one year | 17 | €155,302 | €131,859 | -€23,443 | -15.1% |
| Financial debts | 170/4 | €154,302 | €130,859 | -€23,443 | -15.2% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,059 | €47,060 | +€0 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €22,294 | €23,443 | +€1,150 | +5.2% |
| Financial debts | 43 | €12,392 | - | -€12,392 | |
| Other loans | 439 | €12,392 | - | -€12,392 | |
| Trade debts | 44 | €4,766 | €3,061 | -€1,706 | -35.8% |
| Suppliers | 440/4 | €4,766 | €3,061 | -€1,706 | -35.8% |
| Taxes, remuneration and social security | 45 | €7,608 | €20,556 | +€12,948 | +170% |
| Taxes | 450/3 | €7,608 | €20,556 | +€12,948 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,745 | €21,366 | +€2,620 | +14.0% |
| Other operating charges | 640/8 | €1,816 | €3,279 | +€1,463 | +80.5% |
| Gross operating margin | 9900 | €43,641 | €59,551 | +€15,909 | +36.5% |
| Operating profit (loss) | 9901 | €23,080 | €34,906 | +€11,826 | +51.2% |
| Financial income | 75/76B | €1,534 | - | -€1,534 | |
| Recurring financial income | 75 | €1,534 | - | -€1,534 | |
| Financial charges | 65/66B | €8,203 | €8,476 | +€272 | +3.3% |
| Recurring financial charges | 65 | €8,203 | €8,476 | +€272 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €16,411 | €26,431 | +€10,020 | +61.1% |
| Transfer from deferred taxes | 780 | €978 | €978 | = | 0.0% |
| Income taxes | 67/77 | €8,800 | €14,181 | +€5,381 | +61.1% |
| Profit (loss) for the period | 9904 | €8,588 | €13,227 | +€4,639 | +54.0% |
| Transfer from tax-exempt reserves | 789 | €1,899 | €1,899 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,487 | €15,126 | +€4,639 | +44.2% |
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.