LETHO Consult: 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.
LETHO Consult
Largest movements
- Receivables within one year -€14,237
down €14,237 (-48.2%), from €29,537 to €15,300
of which Trade receivables: -€13,102
- Cash +€3,991
up €3,991 (+8,101%), from €49 to €4,040
mainly Other debts (+€66,241) and Net result for the year (+€52,618)
- Tangible fixed assets -€1,176
down €1,176 (-21.0%), from €5,605 to €4,428
of which Other tangible fixed assets: -€2,058
- Reserves -€77,437
down €77,437 (-99.9%), from €77,530 to €93
- Other debts +€66,241
up €66,241 (+792%), from €8,361 to €74,602
- Gross operating margin -€2,126
down €2,126 (-3.1%), from €69,579 to €67,453
- Financial income -€774
down €774 (-31.3%), from €2,473 to €1,699
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,962 | €85,566 | -€11,397 | -11.8% |
| Fixed assets | 21/28 | €5,605 | €4,428 | -€1,176 | -21.0% |
| Tangible fixed assets | 22/27 | €5,605 | €4,428 | -€1,176 | -21.0% |
| Furniture and vehicles | 24 | €0 | €882 | +€882 | |
| Other tangible fixed assets | 26 | €5,605 | €3,547 | -€2,058 | -36.7% |
| Current assets | 29/58 | €91,358 | €81,137 | -€10,220 | -11.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,537 | €15,300 | -€14,237 | -48.2% |
| Trade receivables | 40 | €28,225 | €15,123 | -€13,102 | -46.4% |
| Other amounts receivable | 41 | €1,312 | €177 | -€1,135 | -86.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €49 | €4,040 | +€3,991 | +8,101% |
| Deferred charges and accrued income | 490/1 | €1,771 | €1,797 | +€26 | +1.4% |
| Total equity and liabilities | 10/49 | €96,962 | €85,566 | -€11,397 | -11.8% |
| Equity | 10/15 | €80,530 | €3,093 | -€77,437 | -96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €77,530 | €93 | -€77,437 | -99.9% |
| Distributable reserves | 133 | €77,530 | €93 | -€77,437 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,432 | €82,473 | +€66,041 | +402% |
| Amounts payable within one year | 42/48 | €16,432 | €82,473 | +€66,041 | +402% |
| Trade debts | 44 | €2,577 | €2,994 | +€417 | +16.2% |
| Suppliers | 440/4 | €2,577 | €2,994 | +€417 | +16.2% |
| Taxes, remuneration and social security | 45 | €5,494 | €4,876 | -€618 | -11.2% |
| Taxes | 450/3 | €3,344 | €2,726 | -€618 | -18.5% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €8,361 | €74,602 | +€66,241 | +792% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,119 | €2,220 | +€101 | +4.7% |
| Other operating charges | 640/8 | €672 | €690 | +€19 | +2.8% |
| Gross operating margin | 9900 | €69,579 | €67,453 | -€2,126 | -3.1% |
| Operating profit (loss) | 9901 | €66,788 | €64,543 | -€2,245 | -3.4% |
| Financial income | 75/76B | €2,473 | €1,699 | -€774 | -31.3% |
| Recurring financial income | 75 | €2,473 | €1,699 | -€774 | -31.3% |
| Financial charges | 65/66B | €430 | €300 | -€129 | -30.1% |
| Recurring financial charges | 65 | €430 | €300 | -€129 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €68,831 | €65,941 | -€2,890 | -4.2% |
| Income taxes | 67/77 | €13,921 | €13,323 | -€598 | -4.3% |
| Profit (loss) for the period | 9904 | €54,910 | €52,618 | -€2,292 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,910 | €52,618 | -€2,292 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.