LETA: what changed
LETA
Largest movements
- Cash -€57,790
down €57,790 (-45.9%), from €126,031 to €68,241
mainly Contributions, distributions and other (-€45,000) and Current portion of long-term debt (-€38,704)
- Receivables within one year +€33,177
up €33,177 (+12,043%), from €275 to €33,452
of which Other amounts receivable: +€33,362
- Tangible fixed assets -€25,637
down €25,637 (-31.3%), from €81,813 to €56,176
of which Other tangible fixed assets: -€20,539
- Deferred charges and accrued income +€2,724
up €2,724 (+278%), from €980 to €3,704
- Current portion of long-term debt -€38,704
down €38,704 (-91.6%), from €42,266 to €3,562
- Other debts -€13,850
down €13,850 (-20.0%), from €69,221 to €55,370
- Trade debts +€9,939
up €9,939 (+73.2%), from €13,578 to €23,518
- Debts after one year -€3,562
down €3,562 (-100%), from €3,562 to €0
- Staff costs +€25,972
up €25,972 (+23.5%), from €110,329 to €136,300
- Gross operating margin -€22,487
down €22,487 (-9.0%), from €248,734 to €226,248
- Taxes -€10,080
down €10,080 (-40.2%), from €25,098 to €15,019
- Depreciation -€9,278
down €9,278 (-24.3%), from €38,239 to €28,961
- Financial charges -€2,990
down €2,990 (-58.4%), from €5,121 to €2,131
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 | €213,296 | €167,145 | -€46,151 | -21.6% |
| Fixed assets | 21/28 | €81,813 | €56,176 | -€25,637 | -31.3% |
| Tangible fixed assets | 22/27 | €81,813 | €56,176 | -€25,637 | -31.3% |
| Plant, machinery and equipment | 23 | €7,984 | €1,877 | -€6,107 | -76.5% |
| Furniture and vehicles | 24 | €2,341 | €3,349 | +€1,009 | +43.1% |
| Other tangible fixed assets | 26 | €71,488 | €50,950 | -€20,539 | -28.7% |
| Current assets | 29/58 | €131,483 | €110,969 | -€20,514 | -15.6% |
| Stocks and contracts in progress | 3 | €4,197 | €5,572 | +€1,375 | +32.8% |
| Stocks | 30/36 | €4,197 | €5,572 | +€1,375 | +32.8% |
| Amounts receivable within one year | 40/41 | €275 | €33,452 | +€33,177 | +12,043% |
| Trade receivables | 40 | €185 | €0 | -€185 | -100% |
| Other amounts receivable | 41 | €91 | €33,452 | +€33,362 | +36,835% |
| Cash at bank and in hand | 54/58 | €126,031 | €68,241 | -€57,790 | -45.9% |
| Deferred charges and accrued income | 490/1 | €980 | €3,704 | +€2,724 | +278% |
| Total equity and liabilities | 10/49 | €213,296 | €167,145 | -€46,151 | -21.6% |
| Equity | 10/15 | €35,662 | €33,766 | -€1,896 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,062 | €15,166 | -€1,896 | -11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,202 | €13,306 | -€1,896 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,634 | €133,379 | -€44,255 | -24.9% |
| Amounts payable after more than one year | 17 | €3,562 | €0 | -€3,562 | -100% |
| Financial debts | 170/4 | €3,562 | €0 | -€3,562 | -100% |
| Amounts payable within one year | 42/48 | €174,072 | €133,379 | -€40,693 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €42,266 | €3,562 | -€38,704 | -91.6% |
| Trade debts | 44 | €13,578 | €23,518 | +€9,939 | +73.2% |
| Suppliers | 440/4 | €13,578 | €23,518 | +€9,939 | +73.2% |
| Taxes, remuneration and social security | 45 | €49,006 | €50,929 | +€1,923 | +3.9% |
| Taxes | 450/3 | €34,290 | €33,542 | -€748 | -2.2% |
| Remuneration and social security | 454/9 | €14,716 | €17,387 | +€2,671 | +18.2% |
| Other amounts payable | 47/48 | €69,221 | €55,370 | -€13,850 | -20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €2,038 | +€2,038 | |
| Remuneration, social security and pensions | 62 | €110,329 | €136,300 | +€25,972 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,239 | €28,961 | -€9,278 | -24.3% |
| Other operating charges | 640/8 | €1,601 | €733 | -€868 | -54.2% |
| Gross operating margin | 9900 | €248,734 | €226,248 | -€22,487 | -9.0% |
| Operating profit (loss) | 9901 | €98,566 | €60,253 | -€38,313 | -38.9% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100% |
| Financial charges | 65/66B | €5,121 | €2,131 | -€2,990 | -58.4% |
| Recurring financial charges | 65 | €5,121 | €2,131 | -€2,990 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €93,485 | €58,122 | -€35,363 | -37.8% |
| Income taxes | 67/77 | €25,098 | €15,019 | -€10,080 | -40.2% |
| Profit (loss) for the period | 9904 | €68,386 | €43,104 | -€25,283 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,386 | €43,104 | -€25,283 | -37.0% |
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 7 November 2026 via checked.be.