LETME: 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.
LETME
Largest movements
- Tangible fixed assets +€18,968
up €18,968 (+65.3%), from €29,037 to €48,005
of which Furniture and vehicles: +€19,324
- Cash -€6,050
down €6,050 (-24.6%), from €24,576 to €18,526
mainly Contributions, distributions and other (-€84,506) and Investment in fixed assets (net) (-€31,974)
- Stocks and contracts -€5,551
down €5,551 (-14.1%), from €39,485 to €33,934
- Deferred charges and accrued income -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Receivables within one year -€1,562
down €1,562 (-3.8%), from €41,615 to €40,054
of which Trade receivables: -€5,482
- Other debts +€45,188
up €45,188 (+178.2%), from €25,363 to €70,551
- Profit (loss) carried forward -€42,040
down €42,040 (-71.1%), from €59,163 to €17,123
- Debts after one year +€13,756
up €13,756 (+108.3%), from €12,696 to €26,452
- Tax, wage and social debts -€10,425
down €10,425 (-34.2%), from €30,472 to €20,047
- Current portion of long-term debt -€6,189
down €6,189 (-83.1%), from €7,449 to €1,261
- Gross operating margin -€9,668
down €9,668 (-12.0%), from €80,810 to €71,143
- Depreciation +€4,490
up €4,490 (+52.7%), from €8,515 to €13,006
- Taxes -€3,748
down €3,748 (-22.2%), from €16,853 to €13,106
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 | €154,757 | €155,563 | +€806 | +0.5% |
| Fixed assets | 21/28 | €29,080 | €48,049 | +€18,968 | +65.2% |
| Tangible fixed assets | 22/27 | €29,037 | €48,005 | +€18,968 | +65.3% |
| Plant, machinery and equipment | 23 | €1,532 | €1,176 | -€356 | -23.2% |
| Furniture and vehicles | 24 | €27,506 | €46,829 | +€19,324 | +70.3% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €125,677 | €107,514 | -€18,162 | -14.5% |
| Stocks and contracts in progress | 3 | €39,485 | €33,934 | -€5,551 | -14.1% |
| Stocks | 30/36 | €39,485 | €33,934 | -€5,551 | -14.1% |
| Amounts receivable within one year | 40/41 | €41,615 | €40,054 | -€1,562 | -3.8% |
| Trade receivables | 40 | €41,615 | €36,134 | -€5,482 | -13.2% |
| Other amounts receivable | 41 | - | €3,920 | +€3,920 | |
| Cash at bank and in hand | 54/58 | €24,576 | €18,526 | -€6,050 | -24.6% |
| Deferred charges and accrued income | 490/1 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Total equity and liabilities | 10/49 | €154,757 | €155,563 | +€806 | +0.5% |
| Equity | 10/15 | €76,844 | €34,804 | -€42,040 | -54.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,681 | €15,681 | = | 0.0% |
| Distributable reserves | 133 | €15,681 | €15,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,163 | €17,123 | -€42,040 | -71.1% |
| Amounts payable | 17/49 | €77,913 | €120,759 | +€42,846 | +55.0% |
| Amounts payable after more than one year | 17 | €12,696 | €26,452 | +€13,756 | +108.3% |
| Financial debts | 170/4 | €12,696 | €26,452 | +€13,756 | +108.3% |
| Amounts payable within one year | 42/48 | €65,217 | €94,307 | +€29,090 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €7,449 | €1,261 | -€6,189 | -83.1% |
| Trade debts | 44 | €1,932 | €2,448 | +€515 | +26.7% |
| Suppliers | 440/4 | €1,932 | €2,448 | +€515 | +26.7% |
| Taxes, remuneration and social security | 45 | €30,472 | €20,047 | -€10,425 | -34.2% |
| Taxes | 450/3 | €30,472 | €20,047 | -€10,425 | -34.2% |
| Other amounts payable | 47/48 | €25,363 | €70,551 | +€45,188 | +178.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,515 | €13,006 | +€4,490 | +52.7% |
| Other operating charges | 640/8 | €528 | €539 | +€11 | +2.0% |
| Gross operating margin | 9900 | €80,810 | €71,143 | -€9,668 | -12.0% |
| Operating profit (loss) | 9901 | €71,767 | €57,598 | -€14,169 | -19.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,558 | €2,037 | +€479 | +30.7% |
| Recurring financial charges | 65 | €1,558 | €2,037 | +€479 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €70,208 | €55,571 | -€14,637 | -20.8% |
| Income taxes | 67/77 | €16,853 | €13,106 | -€3,748 | -22.2% |
| Profit (loss) for the period | 9904 | €53,355 | €42,466 | -€10,890 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,355 | €42,466 | -€10,890 | -20.4% |
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 5 October 2026 via checked.be.