Letesson & Fils: 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.
Letesson & Fils
Largest movements
- Cash -€41,466
down €41,466 (-29.4%), from €140,888 to €99,422
mainly Other debts (-€47,250) and Investment in fixed assets (net) (-€26,699)
- Receivables within one year -€36,386
down €36,386 (-38.7%), from €94,104 to €57,718
of which Other amounts receivable: -€54,285
- Tangible fixed assets +€19,764
up €19,764 (+140%), from €14,102 to €33,866
of which Other tangible fixed assets: +€9,982
- Other debts -€47,250
down €47,250 (-51.2%), from €92,250 to €45,000
- Debts after one year -€11,426
down €11,426 (-34.9%), from €32,698 to €21,272
- Profit (loss) carried forward +€3,006
up €3,006 (+3.1%), from €97,874 to €100,881
- Gross operating margin +€11,382
up €11,382, from -€1,271 to €10,111
- Depreciation +€6,019
up €6,019 (+657%), from €916 to €6,935
- Financial income +€1,456
up €1,456 (+152%), from €955 to €2,410
- Financial charges +€754
up €754 (+79.4%), from €949 to €1,703
- Other operating charges +€622
up €622 (+701%), from €89 to €711
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,077 | €191,927 | -€59,150 | -23.6% |
| Fixed assets | 21/28 | €14,102 | €33,866 | +€19,764 | +140% |
| Tangible fixed assets | 22/27 | €14,102 | €33,866 | +€19,764 | +140% |
| Furniture and vehicles | 24 | €7,564 | €17,346 | +€9,782 | +129% |
| Other tangible fixed assets | 26 | €6,538 | €16,520 | +€9,982 | +153% |
| Current assets | 29/58 | €236,975 | €158,060 | -€78,914 | -33.3% |
| Amounts receivable within one year | 40/41 | €94,104 | €57,718 | -€36,386 | -38.7% |
| Trade receivables | 40 | €7,609 | €25,508 | +€17,899 | +235% |
| Other amounts receivable | 41 | €86,496 | €32,210 | -€54,285 | -62.8% |
| Cash at bank and in hand | 54/58 | €140,888 | €99,422 | -€41,466 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,982 | €920 | -€1,062 | -53.6% |
| Total equity and liabilities | 10/49 | €251,077 | €191,927 | -€59,150 | -23.6% |
| Equity | 10/15 | €104,277 | €107,283 | +€3,006 | +2.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,402 | €5,402 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,542 | €3,542 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,874 | €100,881 | +€3,006 | +3.1% |
| Amounts payable | 17/49 | €146,800 | €84,644 | -€62,156 | -42.3% |
| Amounts payable after more than one year | 17 | €32,698 | €21,272 | -€11,426 | -34.9% |
| Financial debts | 170/4 | €32,698 | €21,272 | -€11,426 | -34.9% |
| Amounts payable within one year | 42/48 | €114,102 | €63,372 | -€50,730 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €12,229 | €11,426 | -€803 | -6.6% |
| Trade debts | 44 | €6,775 | €5,471 | -€1,304 | -19.2% |
| Suppliers | 440/4 | €6,775 | €5,471 | -€1,304 | -19.2% |
| Taxes, remuneration and social security | 45 | €2,848 | €1,475 | -€1,373 | -48.2% |
| Taxes | 450/3 | €2,848 | €1,475 | -€1,373 | -48.2% |
| Other amounts payable | 47/48 | €92,250 | €45,000 | -€47,250 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €6,935 | +€6,019 | +657% |
| Other operating charges | 640/8 | €89 | €711 | +€622 | +701% |
| Gross operating margin | 9900 | -€1,271 | €10,111 | +€11,382 | |
| Operating profit (loss) | 9901 | -€2,276 | €2,465 | +€4,741 | |
| Financial income | 75/76B | €955 | €2,410 | +€1,456 | +152% |
| Recurring financial income | 75 | €955 | €2,410 | +€1,456 | +152% |
| Financial charges | 65/66B | €949 | €1,703 | +€754 | +79.4% |
| Recurring financial charges | 65 | €949 | €1,703 | +€754 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,270 | €3,173 | +€5,443 | |
| Income taxes | 67/77 | €43 | €167 | +€124 | +287% |
| Profit (loss) for the period | 9904 | -€2,313 | €3,006 | +€5,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,313 | €3,006 | +€5,319 |
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 14 October 2026 via checked.be.