Leto: 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.
Leto
Largest movements
- Cash -€10,851
down €10,851 (-8.4%), from €128,919 to €118,069
mainly Receivables within one year (-€6,589) and Net result for the year (-€5,900)
- Receivables within one year +€6,589
up €6,589 (+2611.6%), from €252 to €6,841
of which Trade receivables: +€6,675
- Receivables after one year +€2,000
up €2,000 (+6.7%), from €30,000 to €32,000
- Reserves -€5,900
down €5,900 (-4.0%), from €147,499 to €141,599
- Trade debts +€3,010
up €3,010 (+735.3%), from €409 to €3,419
- Gross operating margin +€3,043
up €3,043 (+31.1%), from -€9,799 to -€6,756
- Financial income +€1,068
up €1,068 (+151.5%), from €705 to €1,773
- Depreciation -€211
down €211 (-22.9%), from €920 to €709
- Financial charges -€105
down €105 (-41.8%), from €251 to €146
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 | €161,339 | €158,369 | -€2,971 | -1.8% |
| Fixed assets | 21/28 | €2,168 | €1,459 | -€709 | -32.7% |
| Tangible fixed assets | 22/27 | €2,168 | €1,459 | -€709 | -32.7% |
| Land and buildings | 22 | €1,226 | €1,000 | -€226 | -18.4% |
| Plant, machinery and equipment | 23 | €942 | €459 | -€483 | -51.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €159,171 | €156,910 | -€2,262 | -1.4% |
| Amounts receivable after more than one year | 29 | €30,000 | €32,000 | +€2,000 | +6.7% |
| Other amounts receivable | 291 | €30,000 | €32,000 | +€2,000 | +6.7% |
| Amounts receivable within one year | 40/41 | €252 | €6,841 | +€6,589 | +2611.6% |
| Trade receivables | 40 | - | €6,675 | +€6,675 | |
| Other amounts receivable | 41 | €252 | €166 | -€86 | -34.0% |
| Cash at bank and in hand | 54/58 | €128,919 | €118,069 | -€10,851 | -8.4% |
| Total equity and liabilities | 10/49 | €161,339 | €158,369 | -€2,971 | -1.8% |
| Equity | 10/15 | €159,899 | €153,999 | -€5,900 | -3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €147,499 | €141,599 | -€5,900 | -4.0% |
| Distributable reserves | 133 | €147,499 | €141,599 | -€5,900 | -4.0% |
| Amounts payable | 17/49 | €1,441 | €4,370 | +€2,929 | +203.3% |
| Amounts payable after more than one year | 17 | €1,032 | €816 | -€216 | -20.9% |
| Other amounts payable | 178/9 | €1,032 | €816 | -€216 | -20.9% |
| Amounts payable within one year | 42/48 | €409 | €3,554 | +€3,145 | +768.4% |
| Trade debts | 44 | €409 | €3,419 | +€3,010 | +735.3% |
| Suppliers | 440/4 | €409 | €3,419 | +€3,010 | +735.3% |
| Taxes, remuneration and social security | 45 | - | €135 | +€135 | |
| Taxes | 450/3 | - | €135 | +€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €920 | €709 | -€211 | -22.9% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€9,799 | -€6,756 | +€3,043 | +31.1% |
| Operating profit (loss) | 9901 | -€10,781 | -€7,527 | +€3,254 | +30.2% |
| Financial income | 75/76B | €705 | €1,773 | +€1,068 | +151.5% |
| Recurring financial income | 75 | €705 | €1,773 | +€1,068 | +151.5% |
| Financial charges | 65/66B | €251 | €146 | -€105 | -41.8% |
| Recurring financial charges | 65 | €251 | €146 | -€105 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,327 | -€5,900 | +€4,427 | +42.9% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€10,327 | -€5,900 | +€4,427 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,327 | -€5,900 | +€4,427 | +42.9% |
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.