LETH: what changed
LETH
Largest movements
- Tangible fixed assets +€38,399
up €38,399 (+2,696%), from €1,424 to €39,823
of which Furniture and vehicles: +€29,761
- Cash -€37,415
down €37,415 (-68.6%), from €54,567 to €17,152
mainly Investment in fixed assets (net) (-€50,224) and Contributions, distributions and other (-€12,358)
- Receivables within one year +€1,195
up €1,195 (+3.7%), from €32,714 to €33,909
of which Other amounts receivable: +€2,982
- Other debts +€10,977
up €10,977 (+64.1%), from €17,127 to €28,104
- Debts after one year -€6,342
down €6,342 (-33.0%), from €19,218 to €12,876
- Trade debts -€3,068
down €3,068 (-50.8%), from €6,044 to €2,977
- Tax, wage and social debts -€1,135
down €1,135 (-35.7%), from €3,183 to €2,048
- Depreciation +€9,060
up €9,060 (+328%), from €2,765 to €11,825
- Taxes +€2,233
up €2,233 (+83.1%), from €2,688 to €4,920
- Financial charges +€452
up €452 (+33.7%), from €1,343 to €1,795
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 | €91,051 | €92,432 | +€1,381 | +1.5% |
| Fixed assets | 21/28 | €1,424 | €39,823 | +€38,399 | +2,696% |
| Tangible fixed assets | 22/27 | €1,424 | €39,823 | +€38,399 | +2,696% |
| Plant, machinery and equipment | 23 | €1,424 | €10,063 | +€8,639 | +607% |
| Furniture and vehicles | 24 | - | €29,761 | +€29,761 | |
| Current assets | 29/58 | €89,627 | €52,609 | -€37,018 | -41.3% |
| Amounts receivable within one year | 40/41 | €32,714 | €33,909 | +€1,195 | +3.7% |
| Trade receivables | 40 | €30,043 | €28,256 | -€1,788 | -6.0% |
| Other amounts receivable | 41 | €2,671 | €5,653 | +€2,982 | +112% |
| Cash at bank and in hand | 54/58 | €54,567 | €17,152 | -€37,415 | -68.6% |
| Deferred charges and accrued income | 490/1 | €2,346 | €1,548 | -€798 | -34.0% |
| Total equity and liabilities | 10/49 | €91,051 | €92,432 | +€1,381 | +1.5% |
| Equity | 10/15 | €36,749 | €37,139 | +€390 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,349 | €24,739 | +€390 | +1.6% |
| Distributable reserves | 133 | €24,349 | €24,739 | +€390 | +1.6% |
| Amounts payable | 17/49 | €54,302 | €55,293 | +€991 | +1.8% |
| Amounts payable after more than one year | 17 | €19,218 | €12,876 | -€6,342 | -33.0% |
| Financial debts | 170/4 | €19,218 | €12,876 | -€6,342 | -33.0% |
| Amounts payable within one year | 42/48 | €32,633 | €39,470 | +€6,837 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €6,280 | €6,342 | +€63 | +1.0% |
| Trade debts | 44 | €6,044 | €2,977 | -€3,068 | -50.8% |
| Suppliers | 440/4 | €6,044 | €2,977 | -€3,068 | -50.8% |
| Taxes, remuneration and social security | 45 | €3,183 | €2,048 | -€1,135 | -35.7% |
| Taxes | 450/3 | €3,183 | €2,048 | -€1,135 | -35.7% |
| Other amounts payable | 47/48 | €17,127 | €28,104 | +€10,977 | +64.1% |
| Accrued charges and deferred income | 492/3 | €2,451 | €2,947 | +€496 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €11,825 | +€9,060 | +328% |
| Other operating charges | 640/8 | €876 | €891 | +€15 | +1.8% |
| Gross operating margin | 9900 | €32,021 | €32,179 | +€157 | +0.5% |
| Operating profit (loss) | 9901 | €28,381 | €19,463 | -€8,918 | -31.4% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €1,343 | €1,795 | +€452 | +33.7% |
| Recurring financial charges | 65 | €1,343 | €1,795 | +€452 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €27,101 | €17,668 | -€9,432 | -34.8% |
| Income taxes | 67/77 | €2,688 | €4,920 | +€2,233 | +83.1% |
| Profit (loss) for the period | 9904 | €24,413 | €12,748 | -€11,665 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,413 | €12,748 | -€11,665 | -47.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.