LETO RENO: 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 RENO
Largest movements
- Cash +€21,611
up €21,611 (+138%), from €15,683 to €37,294
mainly Net result for the year (+€13,405) and Other debts (+€9,662)
- Deferred charges and accrued income +€2,136
new in 2025: €2,136
- Tangible fixed assets +€1,040
new in 2025: €1,040
- Profit (loss) carried forward +€13,405
up €13,405 (+290%), from €4,624 to €18,029
- Other debts +€9,662
up €9,662 (+189%), from €5,105 to €14,767
- Tax, wage and social debts +€2,218
up €2,218 (+51.1%), from €4,341 to €6,559
- Trade debts -€434
no longer reported in 2025 (was €434)
- Gross operating margin +€11,202
up €11,202 (+171%), from €6,569 to €17,771
- Taxes +€2,145
up €2,145 (+138%), from €1,555 to €3,700
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.
Derived cash bridge
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 | €16,505 | €41,355 | +€24,851 | +151% |
| Fixed assets | 21/28 | - | €1,040 | +€1,040 | |
| Tangible fixed assets | 22/27 | - | €1,040 | +€1,040 | |
| Furniture and vehicles | 24 | - | €1,040 | +€1,040 | |
| Current assets | 29/58 | €16,505 | €40,315 | +€23,811 | +144% |
| Amounts receivable within one year | 40/41 | €822 | €885 | +€64 | +7.8% |
| Trade receivables | 40 | €822 | - | -€822 | |
| Other amounts receivable | 41 | - | €885 | +€885 | |
| Cash at bank and in hand | 54/58 | €15,683 | €37,294 | +€21,611 | +138% |
| Deferred charges and accrued income | 490/1 | - | €2,136 | +€2,136 | |
| Total equity and liabilities | 10/49 | €16,505 | €41,355 | +€24,851 | +151% |
| Equity | 10/15 | €6,624 | €20,029 | +€13,405 | +202% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,624 | €18,029 | +€13,405 | +290% |
| Amounts payable | 17/49 | €9,880 | €21,326 | +€11,446 | +116% |
| Amounts payable within one year | 42/48 | €9,880 | €21,326 | +€11,446 | +116% |
| Trade debts | 44 | €434 | - | -€434 | |
| Suppliers | 440/4 | €434 | - | -€434 | |
| Taxes, remuneration and social security | 45 | €4,341 | €6,559 | +€2,218 | +51.1% |
| Taxes | 450/3 | €4,341 | €6,559 | +€2,218 | +51.1% |
| Other amounts payable | 47/48 | €5,105 | €14,767 | +€9,662 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €165 | +€165 | |
| Other operating charges | 640/8 | €387 | €425 | +€37 | +9.6% |
| Gross operating margin | 9900 | €6,569 | €17,771 | +€11,202 | +171% |
| Operating profit (loss) | 9901 | €6,182 | €17,181 | +€11,000 | +178% |
| Financial charges | 65/66B | €2 | €77 | +€74 | +3,210% |
| Recurring financial charges | 65 | €2 | €77 | +€74 | +3,210% |
| Profit (loss) for the period before taxes | 9903 | €6,179 | €17,105 | +€10,925 | +177% |
| Income taxes | 67/77 | €1,555 | €3,700 | +€2,145 | +138% |
| Profit (loss) for the period | 9904 | €4,624 | €13,405 | +€8,780 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €4,624 | €13,405 | +€8,780 | +190% |
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 19 October 2026 via checked.be.