De Letterberg: 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.
De Letterberg
Largest movements
- Cash +€4,907
up €4,907 (+40.9%), from €12,004 to €16,910
mainly Net result for the year (+€4,756) and Receivables within one year (+€3,545)
- Receivables within one year -€3,545
down €3,545 (-31.9%), from €11,111 to €7,566
of which Other amounts receivable: -€1,804
- Tangible fixed assets +€1,120
up €1,120 (+92.9%), from €1,206 to €2,325
- Reserves +€4,756
up €4,756 (+31.5%), from €15,100 to €19,855
- Trade debts -€1,741
down €1,741 (-84.7%), from €2,054 to €314
- Tax, wage and social debts -€777
down €777 (-21.8%), from €3,560 to €2,783
- Gross operating margin -€4,577
down €4,577 (-36.5%), from €12,547 to €7,970
- Taxes -€1,317
down €1,317 (-37.0%), from €3,560 to €2,243
- Other operating charges +€400
new in 2025: €400
- Financial income +€368
new in 2025: €368
- Depreciation +€239
up €239 (+37.4%), from €640 to €879
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 | €25,714 | €27,952 | +€2,238 | +8.7% |
| Fixed assets | 21/28 | €1,206 | €2,325 | +€1,120 | +92.9% |
| Tangible fixed assets | 22/27 | €1,206 | €2,325 | +€1,120 | +92.9% |
| Furniture and vehicles | 24 | €1,206 | €2,325 | +€1,120 | +92.9% |
| Current assets | 29/58 | €24,508 | €25,627 | +€1,118 | +4.6% |
| Amounts receivable within one year | 40/41 | €11,111 | €7,566 | -€3,545 | -31.9% |
| Trade receivables | 40 | €4,415 | €2,674 | -€1,741 | -39.4% |
| Other amounts receivable | 41 | €6,695 | €4,891 | -€1,804 | -26.9% |
| Cash at bank and in hand | 54/58 | €12,004 | €16,910 | +€4,907 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,394 | €1,151 | -€243 | -17.4% |
| Total equity and liabilities | 10/49 | €25,714 | €27,952 | +€2,238 | +8.7% |
| Equity | 10/15 | €20,100 | €24,855 | +€4,756 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,100 | €19,855 | +€4,756 | +31.5% |
| Distributable reserves | 133 | €15,100 | €19,855 | +€4,756 | +31.5% |
| Amounts payable | 17/49 | €5,614 | €3,097 | -€2,517 | -44.8% |
| Amounts payable within one year | 42/48 | €5,614 | €3,097 | -€2,517 | -44.8% |
| Trade debts | 44 | €2,054 | €314 | -€1,741 | -84.7% |
| Suppliers | 440/4 | €2,054 | €314 | -€1,741 | -84.7% |
| Taxes, remuneration and social security | 45 | €3,560 | €2,783 | -€777 | -21.8% |
| Taxes | 450/3 | €3,560 | €2,783 | -€777 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €879 | +€239 | +37.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €12,547 | €7,970 | -€4,577 | -36.5% |
| Operating profit (loss) | 9901 | €11,907 | €6,691 | -€5,216 | -43.8% |
| Financial income | 75/76B | - | €368 | +€368 | |
| Recurring financial income | 75 | - | €368 | +€368 | |
| Financial charges | 65/66B | €103 | €60 | -€43 | -41.9% |
| Recurring financial charges | 65 | €103 | €60 | -€43 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €11,804 | €6,999 | -€4,805 | -40.7% |
| Income taxes | 67/77 | €3,560 | €2,243 | -€1,317 | -37.0% |
| Profit (loss) for the period | 9904 | €8,244 | €4,756 | -€3,488 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,244 | €4,756 | -€3,488 | -42.3% |
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 25 October 2026 via checked.be.