LETATECH: what changed
What changed
LETATECH
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€27,834
2023 · -€43,508+€71,342
Equity
€76,096
2023 · €68,262+€7,834
Cash
€2,032
2023 · €1,297+€735
Balance sheet total
€426,993
2023 · €389,084+€37,910
Largest movements
Assets
- Receivables within one year +€45,381
up €45,381 (+60.1%), from €75,475 to €120,855
of which Trade receivables: +€56,609
- Tangible fixed assets -€23,107
down €23,107 (-8.7%), from €266,101 to €242,994
of which Land and buildings: -€13,645
- Stocks and contracts +€16,050
up €16,050 (+35.6%), from €45,062 to €61,112
Equity and liabilities
- Trade debts +€64,675
up €64,675 (+222%), from €29,080 to €93,756
- Other debts +€20,000
new in 2024: €20,000
- Current portion of long-term debt -€18,974
down €18,974 (-94.2%), from €20,138 to €1,164
- Short-term financial debts -€18,919
down €18,919 (-32.2%), from €58,843 to €39,924
- Tax, wage and social debts -€16,569
down €16,569 (-33.8%), from €49,045 to €32,476
of which Remuneration and social security: -€19,561
Income statement
- Gross operating margin +€109,172
up €109,172 (+110%), from €99,617 to €208,790
- Staff costs +€33,407
up €33,407 (+32.4%), from €102,994 to €136,400
- Financial charges +€7,038
up €7,038 (+76.9%), from €9,150 to €16,188
- Write-downs -€3,714
no longer reported in 2024 (was €3,714)
- Taxes +€3,558
new in 2024: €3,558
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€43,508
Gross operating margin
+€109,172
Staff costs
-€33,407
Depreciation
+€817
Write-downs
+€3,714
Other operating charges
+€2,357
Financial income
-€715
Financial charges
-€7,038
Taxes
-€3,558
Result 2024
€27,834
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,528
Investment
-€1,900
Financing
-€57,893
Cash 2023
€1,297
From operations (derived)
+€60,528
Net result for the year
+€27,834
Depreciation
+€25,007
Stocks and contracts
-€16,050
Receivables within one year
-€45,381
Deferred charges and accrued income
+€1,149
Trade debts
+€64,675
Tax, wage and social debts
-€16,569
Other debts
+€20,000
Accrued charges and deferred income
-€138
Investment (derived)
-€1,900
Investment in fixed assets (net)
-€1,900
Financing
-€57,893
Current portion of long-term debt
-€18,974
Short-term financial debts
-€18,919
Contributions, distributions and other
-€20,000
Cash 2024
€2,032
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,084 | €426,993 | +€37,910 | +9.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €266,101 | €242,994 | -€23,107 | -8.7% |
| Tangible fixed assets | 22/27 | €266,101 | €242,994 | -€23,107 | -8.7% |
| Land and buildings | 22 | €240,074 | €226,428 | -€13,645 | -5.7% |
| Plant, machinery and equipment | 23 | €4,437 | €4,013 | -€424 | -9.6% |
| Furniture and vehicles | 24 | €4,699 | €2,596 | -€2,103 | -44.8% |
| Leasing and similar rights | 25 | €16,891 | €9,956 | -€6,935 | -41.1% |
| Current assets | 29/58 | €122,983 | €184,000 | +€61,017 | +49.6% |
| Stocks and contracts in progress | 3 | €45,062 | €61,112 | +€16,050 | +35.6% |
| Stocks | 30/36 | €45,062 | €61,112 | +€16,050 | +35.6% |
| Amounts receivable within one year | 40/41 | €75,475 | €120,855 | +€45,381 | +60.1% |
| Trade receivables | 40 | €30,418 | €87,027 | +€56,609 | +186% |
| Other amounts receivable | 41 | €45,057 | €33,829 | -€11,228 | -24.9% |
| Cash at bank and in hand | 54/58 | €1,297 | €2,032 | +€735 | +56.7% |
| Deferred charges and accrued income | 490/1 | €1,149 | - | -€1,149 | |
| Total equity and liabilities | 10/49 | €389,084 | €426,993 | +€37,910 | +9.7% |
| Equity | 10/15 | €68,262 | €76,096 | +€7,834 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,862 | €63,660 | +€7,798 | +14.0% |
| 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 | €54,002 | €61,800 | +€7,798 | +14.4% |
| Profit (loss) carried forward | 14 | - | €36 | +€36 | |
| Amounts payable | 17/49 | €320,822 | €350,897 | +€30,076 | +9.4% |
| Amounts payable after more than one year | 17 | €163,284 | €163,284 | = | 0.0% |
| Financial debts | 170/4 | €163,284 | €163,284 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,106 | €187,319 | +€30,213 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €20,138 | €1,164 | -€18,974 | -94.2% |
| Financial debts | 43 | €58,843 | €39,924 | -€18,919 | -32.2% |
| Credit institutions | 430/8 | €58,843 | €39,924 | -€18,919 | -32.2% |
| Trade debts | 44 | €29,080 | €93,756 | +€64,675 | +222% |
| Suppliers | 440/4 | €29,080 | €93,756 | +€64,675 | +222% |
| Taxes, remuneration and social security | 45 | €49,045 | €32,476 | -€16,569 | -33.8% |
| Taxes | 450/3 | €13,765 | €16,757 | +€2,992 | +21.7% |
| Remuneration and social security | 454/9 | €35,280 | €15,719 | -€19,561 | -55.4% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €432 | €294 | -€138 | -31.9% |
| Non-recurring operating income | 76A | €16,529 | - | -€16,529 | |
| Remuneration, social security and pensions | 62 | €102,994 | €136,400 | +€33,407 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,824 | €25,007 | -€817 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,714 | - | -€3,714 | |
| Other operating charges | 640/8 | €3,971 | €1,613 | -€2,357 | -59.4% |
| Gross operating margin | 9900 | €99,617 | €208,790 | +€109,172 | +110% |
| Operating profit (loss) | 9901 | -€36,885 | €45,769 | +€82,653 | |
| Financial income | 75/76B | €2,527 | €1,812 | -€715 | -28.3% |
| Recurring financial income | 75 | €2,527 | €1,812 | -€715 | -28.3% |
| Financial charges | 65/66B | €9,150 | €16,188 | +€7,038 | +76.9% |
| Recurring financial charges | 65 | €9,150 | €16,188 | +€7,038 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,508 | €31,392 | +€74,900 | |
| Income taxes | 67/77 | - | €3,558 | +€3,558 | |
| Profit (loss) for the period | 9904 | -€43,508 | €27,834 | +€71,342 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,508 | €27,834 | +€71,342 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.