LETHIBO: 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.
LETHIBO
Largest movements
- Stocks and contracts +€11,481
up €11,481 (+364.5%), from €3,150 to €14,631
- Cash -€5,338
down €5,338 (-10.5%), from €50,749 to €45,412
mainly Stocks and contracts (-€11,481) and Debts after one year (-€4,980)
- Tangible fixed assets -€4,127
down €4,127 (-26.3%), from €15,664 to €11,537
of which Leasing and similar rights: -€4,781
- Receivables within one year +€1,565
up €1,565 (+20.8%), from €7,513 to €9,078
- Debts after one year -€4,980
down €4,980 (-46.8%), from €10,647 to €5,666
- Reserves +€4,012
up €4,012 (+8.2%), from €48,881 to €52,893
- Trade debts +€3,922
up €3,922 (+96.9%), from €4,046 to €7,968
- Gross operating margin +€1,999
up €1,999 (+20.2%), from €9,876 to €11,875
- Taxes +€630
up €630 (+71.0%), from €887 to €1,517
- Other operating charges -€330
down €330 (-52.3%), from €631 to €301
- Financial charges -€196
down €196 (-19.3%), from €1,016 to €820
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 | €77,810 | €81,393 | +€3,583 | +4.6% |
| Fixed assets | 21/28 | €15,664 | €11,537 | -€4,127 | -26.3% |
| Tangible fixed assets | 22/27 | €15,664 | €11,537 | -€4,127 | -26.3% |
| Plant, machinery and equipment | 23 | €667 | €1,320 | +€654 | +98.1% |
| Leasing and similar rights | 25 | €14,997 | €10,217 | -€4,781 | -31.9% |
| Current assets | 29/58 | €62,146 | €69,856 | +€7,710 | +12.4% |
| Stocks and contracts in progress | 3 | €3,150 | €14,631 | +€11,481 | +364.5% |
| Contracts in progress | 37 | €3,150 | €14,631 | +€11,481 | +364.5% |
| Amounts receivable within one year | 40/41 | €7,513 | €9,078 | +€1,565 | +20.8% |
| Other amounts receivable | 41 | €7,513 | €9,078 | +€1,565 | +20.8% |
| Cash at bank and in hand | 54/58 | €50,749 | €45,412 | -€5,338 | -10.5% |
| Deferred charges and accrued income | 490/1 | €733 | €735 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €77,810 | €81,393 | +€3,583 | +4.6% |
| Equity | 10/15 | €55,761 | €59,773 | +€4,012 | +7.2% |
| Contributions | 10/11 | €6,880 | €6,880 | = | 0.0% |
| Reserves | 13 | €48,881 | €52,893 | +€4,012 | +8.2% |
| Distributable reserves | 133 | €48,881 | €52,893 | +€4,012 | +8.2% |
| Amounts payable | 17/49 | €22,049 | €21,620 | -€429 | -1.9% |
| Amounts payable after more than one year | 17 | €10,647 | €5,666 | -€4,980 | -46.8% |
| Financial debts | 170/4 | €10,647 | €5,666 | -€4,980 | -46.8% |
| Amounts payable within one year | 42/48 | €11,402 | €15,954 | +€4,552 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €4,752 | €4,980 | +€229 | +4.8% |
| Trade debts | 44 | €4,046 | €7,968 | +€3,922 | +96.9% |
| Suppliers | 440/4 | €4,046 | €7,968 | +€3,922 | +96.9% |
| Taxes, remuneration and social security | 45 | €1,104 | €1,505 | +€401 | +36.3% |
| Taxes | 450/3 | €1,104 | €1,505 | +€401 | +36.3% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,161 | €5,275 | +€114 | +2.2% |
| Other operating charges | 640/8 | €631 | €301 | -€330 | -52.3% |
| Gross operating margin | 9900 | €9,876 | €11,875 | +€1,999 | +20.2% |
| Operating profit (loss) | 9901 | €4,084 | €6,298 | +€2,214 | +54.2% |
| Financial income | 75/76B | €0 | €50 | +€50 | +62487.5% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +62487.5% |
| Financial charges | 65/66B | €1,016 | €820 | -€196 | -19.3% |
| Recurring financial charges | 65 | €1,016 | €820 | -€196 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €3,068 | €5,528 | +€2,460 | +80.2% |
| Income taxes | 67/77 | €887 | €1,517 | +€630 | +71.0% |
| Profit (loss) for the period | 9904 | €2,182 | €4,012 | +€1,830 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,182 | €4,012 | +€1,830 | +83.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.