XAVIER 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.
XAVIER LEGRAND
Largest movements
- Receivables within one year -€538
no longer reported in 2025 (was €538)
of which Trade receivables: -€296
- Current investments -€385
down €385 (-60.6%), from €635 to €250
- Profit (loss) carried forward -€682
down €682 (-1.4%), from -€47,475 to -€48,157
- Other debts -€241
down €241 (-2.5%), from €9,791 to €9,550
- Gross operating margin -€466
down €466 (-740%), from -€63 to -€529
- Financial charges -€26
down €26 (-14.5%), from €179 to €153
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,173 | €250 | -€923 | -78.7% |
| Current assets | 29/58 | €1,173 | €250 | -€923 | -78.7% |
| Amounts receivable within one year | 40/41 | €538 | - | -€538 | |
| Trade receivables | 40 | €296 | - | -€296 | |
| Other amounts receivable | 41 | €242 | - | -€242 | |
| Current investments | 50/53 | €635 | €250 | -€385 | -60.6% |
| Total equity and liabilities | 10/49 | €1,173 | €250 | -€923 | -78.7% |
| Equity | 10/15 | -€8,618 | -€9,300 | -€682 | -7.9% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €26,057 | €26,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,197 | €24,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,475 | -€48,157 | -€682 | -1.4% |
| Amounts payable | 17/49 | €9,791 | €9,550 | -€241 | -2.5% |
| Amounts payable within one year | 42/48 | €9,791 | €9,550 | -€241 | -2.5% |
| Other amounts payable | 47/48 | €9,791 | €9,550 | -€241 | -2.5% |
| Gross operating margin | 9900 | -€63 | -€529 | -€466 | -740% |
| Operating profit (loss) | 9901 | -€63 | -€529 | -€466 | -740% |
| Financial charges | 65/66B | €179 | €153 | -€26 | -14.5% |
| Recurring financial charges | 65 | €179 | €153 | -€26 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€242 | -€682 | -€440 | -182% |
| Profit (loss) for the period | 9904 | -€242 | -€682 | -€440 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | -€682 | -€440 | -182% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.