Let's App: what changed
Let's App
Largest movements
- Receivables within one year +€361,847
up €361,847 (+551%), from €65,679 to €427,526
of which Trade receivables: +€213,362
- Cash +€212,906
up €212,906 (+47.1%), from €451,995 to €664,901
mainly Debts after one year (+€1.0m) and Trade debts (+€955,888)
- Intangible fixed assets -€121,629
down €121,629 (-29.2%), from €416,080 to €294,450
- Deferred charges and accrued income +€113,869
up €113,869 (+1,223%), from €9,307 to €123,176
- Profit (loss) carried forward -€2.3m
down €2.3m (-189%), from -€1.2m to -€3.5m
- Debts after one year +€1.0m
up €1.0m (+164%), from €609,161 to €1.6m
- Trade debts +€955,888
up €955,888 (+400%), from €239,175 to €1.2m
- Accrued charges and deferred income +€846,633
up €846,633 (+167%), from €508,035 to €1.4m
- Tax, wage and social debts +€71,327
up €71,327 (+58.1%), from €122,785 to €194,113
of which Remuneration and social security: +€45,890
- Gross operating margin -€932,378
down €932,378 (-187%), from -€498,161 to -€1.4m
- Staff costs +€238,597
up €238,597 (+58.0%), from €411,364 to €649,961
- Financial charges +€14,411
up €14,411 (+17.8%), from €80,906 to €95,317
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €955,018 | €1,520,374 | +€565,356 | +59.2% |
| Fixed assets | 21/28 | €428,037 | €304,770 | -€123,267 | -28.8% |
| Intangible fixed assets | 21 | €416,080 | €294,450 | -€121,629 | -29.2% |
| Tangible fixed assets | 22/27 | €11,958 | €10,320 | -€1,638 | -13.7% |
| Plant, machinery and equipment | 23 | €6,858 | €10,197 | +€3,339 | +48.7% |
| Furniture and vehicles | 24 | €5,100 | €123 | -€4,977 | -97.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €526,981 | €1,215,604 | +€688,623 | +131% |
| Amounts receivable within one year | 40/41 | €65,679 | €427,526 | +€361,847 | +551% |
| Trade receivables | 40 | €419 | €213,781 | +€213,362 | +50,884% |
| Other amounts receivable | 41 | €65,260 | €213,745 | +€148,485 | +228% |
| Cash at bank and in hand | 54/58 | €451,995 | €664,901 | +€212,906 | +47.1% |
| Deferred charges and accrued income | 490/1 | €9,307 | €123,176 | +€113,869 | +1,223% |
| Total equity and liabilities | 10/49 | €955,018 | €1,520,374 | +€565,356 | +59.2% |
| Equity | 10/15 | -€524,138 | -€2,832,631 | -€2.3m | -440% |
| Contributions | 10/11 | €694,690 | €694,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,218,829 | -€3,527,322 | -€2.3m | -189% |
| Amounts payable | 17/49 | €1,479,157 | €4,353,005 | +€2.9m | +194% |
| Amounts payable after more than one year | 17 | €609,161 | €1,609,161 | +€1.0m | +164% |
| Financial debts | 170/4 | €609,161 | €1,609,161 | +€1.0m | +164% |
| Amounts payable within one year | 42/48 | €361,960 | €1,389,176 | +€1.0m | +284% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €239,175 | €1,195,063 | +€955,888 | +400% |
| Suppliers | 440/4 | €239,175 | €1,195,063 | +€955,888 | +400% |
| Taxes, remuneration and social security | 45 | €122,785 | €194,113 | +€71,327 | +58.1% |
| Taxes | 450/3 | €70,984 | €96,422 | +€25,437 | +35.8% |
| Remuneration and social security | 454/9 | €51,801 | €97,691 | +€45,890 | +88.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €508,035 | €1,354,669 | +€846,633 | +167% |
| Remuneration, social security and pensions | 62 | €411,364 | €649,961 | +€238,597 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,105 | €131,096 | +€991 | +0.8% |
| Other operating charges | 640/8 | €1,566 | €1,502 | -€64 | -4.1% |
| Gross operating margin | 9900 | -€498,161 | -€1,430,540 | -€932,378 | -187% |
| Operating profit (loss) | 9901 | -€1,041,195 | -€2,213,098 | -€1.2m | -113% |
| Financial income | 75/76B | - | €1,239 | +€1,239 | |
| Recurring financial income | 75 | - | €1,239 | +€1,239 | |
| Financial charges | 65/66B | €80,906 | €95,317 | +€14,411 | +17.8% |
| Recurring financial charges | 65 | €80,906 | €95,317 | +€14,411 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,122,101 | -€2,307,177 | -€1.2m | -106% |
| Income taxes | 67/77 | -€82 | €1,316 | +€1,399 | |
| Profit (loss) for the period | 9904 | -€1,122,019 | -€2,308,493 | -€1.2m | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122,019 | -€2,308,493 | -€1.2m | -106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.