LET ENGINEERING: 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.
LET ENGINEERING
Largest movements
- Cash -€2,548
down €2,548 (-82.7%), from €3,081 to €533
mainly Net result for the year (-€2,208) and Receivables within one year (-€340)
- Receivables within one year +€340
up €340 (+98.5%), from €345 to €685
- Profit (loss) carried forward -€2,208
down €2,208 (-18.9%), from €11,669 to €9,461
- Gross operating margin -€1,567
down €1,567 (-2455.9%), from -€64 to -€1,631
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.
Cash bridge derived
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 | €23,426 | €21,218 | -€2,208 | -9.4% |
| Current assets | 29/58 | €23,426 | €21,218 | -€2,208 | -9.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €345 | €685 | +€340 | +98.5% |
| Other amounts receivable | 41 | €345 | €685 | +€340 | +98.5% |
| Cash at bank and in hand | 54/58 | €3,081 | €533 | -€2,548 | -82.7% |
| Total equity and liabilities | 10/49 | €23,426 | €21,218 | -€2,208 | -9.4% |
| Equity | 10/15 | €23,426 | €21,218 | -€2,208 | -9.4% |
| Contributions | 10/11 | €11,758 | €11,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,669 | €9,461 | -€2,208 | -18.9% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€64 | -€1,631 | -€1,567 | -2455.9% |
| Operating profit (loss) | 9901 | -€592 | -€2,174 | -€1,583 | -267.5% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €39 | €45 | +€6 | +15.2% |
| Recurring financial charges | 65 | €39 | €45 | +€6 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€631 | -€2,208 | -€1,577 | -250.1% |
| Profit (loss) for the period | 9904 | -€631 | -€2,208 | -€1,577 | -250.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€631 | -€2,208 | -€1,577 | -250.1% |
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 10 October 2026 via checked.be.