LETHIER: 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.
LETHIER
Largest movements
- Cash +€13,476
up €13,476 (+212.4%), from €6,343 to €19,819
mainly Net result for the year (+€32,486) and Tax, wage and social debts (+€6,947)
- Receivables within one year +€11,026
up €11,026 (+230.9%), from €4,775 to €15,800
- Tangible fixed assets -€729
down €729 (-23.0%), from €3,169 to €2,440
- Profit (loss) carried forward +€32,486
up €32,486 (+51.3%), from -€63,346 to -€30,860
- Other debts -€21,862
down €21,862 (-41.3%), from €52,979 to €31,117
- Tax, wage and social debts +€6,947
up €6,947 (+193.9%), from €3,584 to €10,531
- Trade debts +€5,845
new in 2025: €5,845
- Gross operating margin +€24,498
up €24,498 (+147.4%), from €16,618 to €41,116
- Financial income -€4,615
no longer reported in 2025 (was €4,615)
- Taxes +€3,502
up €3,502 (+696.1%), from €503 to €4,005
- Depreciation +€691
up €691 (+54.8%), from €1,263 to €1,954
- Other operating charges -€460
down €460 (-29.5%), from €1,562 to €1,102
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 | €14,287 | €38,059 | +€23,772 | +166.4% |
| Fixed assets | 21/28 | €3,169 | €2,440 | -€729 | -23.0% |
| Tangible fixed assets | 22/27 | €3,169 | €2,440 | -€729 | -23.0% |
| Furniture and vehicles | 24 | €3,169 | €2,440 | -€729 | -23.0% |
| Current assets | 29/58 | €11,118 | €35,619 | +€24,501 | +220.4% |
| Amounts receivable within one year | 40/41 | €4,775 | €15,800 | +€11,026 | +230.9% |
| Trade receivables | 40 | €4,775 | €15,800 | +€11,026 | +230.9% |
| Cash at bank and in hand | 54/58 | €6,343 | €19,819 | +€13,476 | +212.4% |
| Total equity and liabilities | 10/49 | €14,287 | €38,059 | +€23,772 | +166.4% |
| Equity | 10/15 | -€42,276 | -€9,789 | +€32,486 | +76.8% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,346 | -€30,860 | +€32,486 | +51.3% |
| Amounts payable | 17/49 | €56,562 | €47,848 | -€8,714 | -15.4% |
| Amounts payable within one year | 42/48 | €56,562 | €47,848 | -€8,714 | -15.4% |
| Financial debts | 43 | - | €355 | +€355 | |
| Credit institutions | 430/8 | - | €355 | +€355 | |
| Trade debts | 44 | - | €5,845 | +€5,845 | |
| Suppliers | 440/4 | - | €5,845 | +€5,845 | |
| Taxes, remuneration and social security | 45 | €3,584 | €10,531 | +€6,947 | +193.9% |
| Taxes | 450/3 | €3,584 | €10,531 | +€6,947 | +193.9% |
| Other amounts payable | 47/48 | €52,979 | €31,117 | -€21,862 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263 | €1,954 | +€691 | +54.8% |
| Other operating charges | 640/8 | €1,562 | €1,102 | -€460 | -29.5% |
| Gross operating margin | 9900 | €16,618 | €41,116 | +€24,498 | +147.4% |
| Operating profit (loss) | 9901 | €13,793 | €38,060 | +€24,267 | +175.9% |
| Financial income | 75/76B | €4,615 | - | -€4,615 | |
| Recurring financial income | 75 | €4,615 | - | -€4,615 | |
| Financial charges | 65/66B | €1,790 | €1,568 | -€222 | -12.4% |
| Recurring financial charges | 65 | €1,790 | €1,568 | -€222 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €16,618 | €36,492 | +€19,873 | +119.6% |
| Income taxes | 67/77 | €503 | €4,005 | +€3,502 | +696.1% |
| Profit (loss) for the period | 9904 | €16,115 | €32,486 | +€16,371 | +101.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,115 | €32,486 | +€16,371 | +101.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.