LETCA: what changed
Two fiscal 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.
LETCA
Largest movements
- Cash -€23,000
down €23,000 (-29.7%), from €77,384 to €54,384
mainly Current investments (-€16,938) and Investment in fixed assets (net) (-€14,116)
- Current investments +€16,938
up €16,938 (+50.1%), from €33,789 to €50,727
- Tangible fixed assets +€13,618
up €13,618 (+58.5%), from €23,288 to €36,905
of which Plant, machinery and equipment: +€13,618
- Deferred charges and accrued income +€4,762
up €4,762 (+941.7%), from €506 to €5,268
- Reserves +€15,482
up €15,482 (+24.8%), from €62,484 to €77,967
of which Distributable reserves: +€15,482
- Tax, wage and social debts -€2,558
down €2,558 (-95.9%), from €2,667 to €109
- Financial income +€3,268
up €3,268 (+597.5%), from €547 to €3,815
- Other operating charges +€2,465
up €2,465 (+71.5%), from €3,448 to €5,913
- Financial charges -€885
down €885 (-47.5%), from €1,863 to €978
- Taxes -€500
down €500 (-7.1%), from €7,097 to €6,596
- Depreciation +€369
up €369 (+284.2%), from €130 to €499
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 | €134,966 | €147,833 | +€12,867 | +9.5% |
| Fixed assets | 21/28 | €23,288 | €36,905 | +€13,618 | +58.5% |
| Tangible fixed assets | 22/27 | €23,288 | €36,905 | +€13,618 | +58.5% |
| Land and buildings | 22 | €23,104 | €23,104 | = | 0.0% |
| Plant, machinery and equipment | 23 | €184 | €13,802 | +€13,618 | +7405.7% |
| Current assets | 29/58 | €111,679 | €110,928 | -€751 | -0.7% |
| Amounts receivable within one year | 40/41 | - | €548 | +€548 | |
| Other amounts receivable | 41 | - | €548 | +€548 | |
| Current investments | 50/53 | €33,789 | €50,727 | +€16,938 | +50.1% |
| Cash at bank and in hand | 54/58 | €77,384 | €54,384 | -€23,000 | -29.7% |
| Deferred charges and accrued income | 490/1 | €506 | €5,268 | +€4,762 | +941.7% |
| Total equity and liabilities | 10/49 | €134,966 | €147,833 | +€12,867 | +9.5% |
| Equity | 10/15 | €124,484 | €139,967 | +€15,482 | +12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,484 | €77,967 | +€15,482 | +24.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €56,284 | €71,767 | +€15,482 | +27.5% |
| Amounts payable | 17/49 | €10,482 | €7,866 | -€2,616 | -25.0% |
| Amounts payable within one year | 42/48 | €10,482 | €7,866 | -€2,616 | -25.0% |
| Trade debts | 44 | €1,346 | €992 | -€354 | -26.3% |
| Suppliers | 440/4 | €1,346 | €992 | -€354 | -26.3% |
| Taxes, remuneration and social security | 45 | €2,667 | €109 | -€2,558 | -95.9% |
| Taxes | 450/3 | €2,667 | €109 | -€2,558 | -95.9% |
| Other amounts payable | 47/48 | €6,469 | €6,765 | +€297 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €499 | +€369 | +284.2% |
| Other operating charges | 640/8 | €3,448 | €5,913 | +€2,465 | +71.5% |
| Gross operating margin | 9900 | €27,509 | €27,319 | -€190 | -0.7% |
| Operating profit (loss) | 9901 | €23,931 | €20,908 | -€3,023 | -12.6% |
| Financial income | 75/76B | €547 | €3,815 | +€3,268 | +597.5% |
| Recurring financial income | 75 | €547 | €3,815 | +€3,268 | +597.5% |
| Financial charges | 65/66B | €1,863 | €978 | -€885 | -47.5% |
| Recurring financial charges | 65 | €1,863 | €978 | -€885 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €22,615 | €23,745 | +€1,130 | +5.0% |
| Income taxes | 67/77 | €7,097 | €6,596 | -€500 | -7.1% |
| Profit (loss) for the period | 9904 | €15,518 | €17,148 | +€1,630 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,518 | €17,148 | +€1,630 | +10.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.