LET TEAM BE: 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 TEAM BE
Largest movements
- Receivables within one year +€20,874
up €20,874 (+221%), from €9,446 to €30,321
of which Other amounts receivable: +€18,405
- Tangible fixed assets -€7,054
down €7,054 (-28.4%), from €24,822 to €17,767
of which Furniture and vehicles: -€6,850
- Cash +€3,954
up €3,954 (+271%), from €1,458 to €5,412
mainly Contributions, distributions and other (+€25,000) and Depreciation (+€9,422)
- Intangible fixed assets -€739
down €739 (-77.9%), from €948 to €210
- Contributions +€25,000
up €25,000 (+833%), from €3,000 to €28,000
- Profit (loss) carried forward -€8,830
down €8,830 (-52.3%), from €16,894 to €8,064
- Debts after one year -€2,974
down €2,974 (-30.2%), from €9,857 to €6,883
- Tax, wage and social debts +€2,731
up €2,731 (+912%), from €300 to €3,030
- Other debts +€956
up €956 (+215%), from €444 to €1,400
- Gross operating margin -€15,761
down €15,761 (-86.8%), from €18,165 to €2,403
- Taxes -€3,169
no longer reported in 2024 (was €3,169)
- Financial charges -€1,293
down €1,293 (-61.3%), from €2,107 to €815
- Depreciation +€642
up €642 (+7.3%), from €8,780 to €9,422
- Other operating charges +€245
up €245 (+31.7%), from €772 to €1,018
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,256 | €53,966 | +€16,710 | +44.9% |
| Formation expenses | 20 | €241 | €16 | -€225 | -93.4% |
| Fixed assets | 21/28 | €25,770 | €17,977 | -€7,793 | -30.2% |
| Intangible fixed assets | 21 | €948 | €210 | -€739 | -77.9% |
| Tangible fixed assets | 22/27 | €24,822 | €17,767 | -€7,054 | -28.4% |
| Plant, machinery and equipment | 23 | €2,582 | €2,606 | +€24 | +0.9% |
| Furniture and vehicles | 24 | €20,647 | €13,797 | -€6,850 | -33.2% |
| Other tangible fixed assets | 26 | €1,593 | €1,364 | -€229 | -14.3% |
| Current assets | 29/58 | €11,245 | €35,973 | +€24,728 | +220% |
| Amounts receivable within one year | 40/41 | €9,446 | €30,321 | +€20,874 | +221% |
| Trade receivables | 40 | €9,441 | €11,910 | +€2,470 | +26.2% |
| Other amounts receivable | 41 | €6 | €18,410 | +€18,405 | +331,023% |
| Cash at bank and in hand | 54/58 | €1,458 | €5,412 | +€3,954 | +271% |
| Deferred charges and accrued income | 490/1 | €341 | €240 | -€101 | -29.6% |
| Total equity and liabilities | 10/49 | €37,256 | €53,966 | +€16,710 | +44.9% |
| Equity | 10/15 | €19,894 | €36,064 | +€16,170 | +81.3% |
| Contributions | 10/11 | €3,000 | €28,000 | +€25,000 | +833% |
| Profit (loss) carried forward | 14 | €16,894 | €8,064 | -€8,830 | -52.3% |
| Amounts payable | 17/49 | €17,362 | €17,903 | +€541 | +3.1% |
| Amounts payable after more than one year | 17 | €9,857 | €6,883 | -€2,974 | -30.2% |
| Financial debts | 170/4 | €9,857 | €6,883 | -€2,974 | -30.2% |
| Amounts payable within one year | 42/48 | €7,505 | €11,020 | +€3,515 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €3,761 | €2,974 | -€787 | -20.9% |
| Trade debts | 44 | - | €615 | +€615 | |
| Suppliers | 440/4 | - | €615 | +€615 | |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €300 | €3,030 | +€2,731 | +912% |
| Taxes | 450/3 | €300 | €3,030 | +€2,731 | +912% |
| Other amounts payable | 47/48 | €444 | €1,400 | +€956 | +215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €9,422 | +€642 | +7.3% |
| Other operating charges | 640/8 | €772 | €1,018 | +€245 | +31.7% |
| Gross operating margin | 9900 | €18,165 | €2,403 | -€15,761 | -86.8% |
| Operating profit (loss) | 9901 | €8,612 | -€8,036 | -€16,648 | |
| Financial income | 75/76B | €2 | €20 | +€18 | +945% |
| Recurring financial income | 75 | €2 | €20 | +€18 | +945% |
| Financial charges | 65/66B | €2,107 | €815 | -€1,293 | -61.3% |
| Recurring financial charges | 65 | €2,107 | €815 | -€1,293 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €6,507 | -€8,830 | -€15,337 | |
| Income taxes | 67/77 | €3,169 | - | -€3,169 | |
| Profit (loss) for the period | 9904 | €3,338 | -€8,830 | -€12,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,338 | -€8,830 | -€12,168 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.