LETO SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€101,718
up €101,718 (+733%), from €13,874 to €115,592
of which Trade receivables: +€90,425
- Cash +€26,134
up €26,134 (+118%), from €22,139 to €48,273
mainly Trade debts (+€57,109) and Tax, wage and social debts (+€56,768)
- Tangible fixed assets +€2,083
new in 2024: €2,083
- Intangible fixed assets -€2,000
down €2,000 (-10.4%), from €19,156 to €17,156
- Trade debts +€57,109
up €57,109 (+5,588%), from €1,022 to €58,131
- Tax, wage and social debts +€56,768
up €56,768 (+1,388%), from €4,090 to €60,858
of which Remuneration and social security: +€47,247
- Profit (loss) carried forward +€13,829
up €13,829 (+103%), from €13,397 to €27,226
- Staff costs +€65,017
new in 2024: €65,017
- Gross operating margin +€45,172
up €45,172 (+107%), from €42,118 to €87,290
- Taxes +€2,218
up €2,218 (+64.1%), from €3,460 to €5,678
- Other operating charges +€1,196
up €1,196 (+324%), from €369 to €1,565
- Depreciation +€1,158
up €1,158 (+137%), from €844 to €2,002
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,169 | €183,269 | +€128,100 | +232% |
| Fixed assets | 21/28 | €19,156 | €19,404 | +€248 | +1.3% |
| Intangible fixed assets | 21 | €19,156 | €17,156 | -€2,000 | -10.4% |
| Tangible fixed assets | 22/27 | - | €2,083 | +€2,083 | |
| Plant, machinery and equipment | 23 | - | €2,083 | +€2,083 | |
| Financial fixed assets | 28 | - | €165 | +€165 | |
| Current assets | 29/58 | €36,013 | €163,865 | +€127,852 | +355% |
| Amounts receivable within one year | 40/41 | €13,874 | €115,592 | +€101,718 | +733% |
| Trade receivables | 40 | €2,175 | €92,600 | +€90,425 | +4,157% |
| Other amounts receivable | 41 | €11,699 | €22,992 | +€11,293 | +96.5% |
| Cash at bank and in hand | 54/58 | €22,139 | €48,273 | +€26,134 | +118% |
| Total equity and liabilities | 10/49 | €55,169 | €183,269 | +€128,100 | +232% |
| Equity | 10/15 | €25,057 | €38,886 | +€13,829 | +55.2% |
| Contributions | 10/11 | €11,660 | €11,660 | = | 0.0% |
| Contributions outside capital | 11 | €11,660 | - | -€11,660 | |
| Other | 1109/19 | €11,660 | - | -€11,660 | |
| Profit (loss) carried forward | 14 | €13,397 | €27,226 | +€13,829 | +103% |
| Amounts payable | 17/49 | €30,112 | €144,383 | +€114,271 | +379% |
| Amounts payable within one year | 42/48 | €30,112 | €144,383 | +€114,271 | +379% |
| Trade debts | 44 | €1,022 | €58,131 | +€57,109 | +5,588% |
| Suppliers | 440/4 | €1,022 | €58,131 | +€57,109 | +5,588% |
| Advances received on contracts in progress | 46 | - | €394 | +€394 | |
| Taxes, remuneration and social security | 45 | €4,090 | €60,858 | +€56,768 | +1,388% |
| Taxes | 450/3 | €3,460 | €12,982 | +€9,522 | +275% |
| Remuneration and social security | 454/9 | €630 | €47,877 | +€47,247 | +7,499% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €65,017 | +€65,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €2,002 | +€1,158 | +137% |
| Other operating charges | 640/8 | €369 | €1,565 | +€1,196 | +324% |
| Gross operating margin | 9900 | €42,118 | €87,290 | +€45,172 | +107% |
| Operating profit (loss) | 9901 | €40,905 | €18,706 | -€22,199 | -54.3% |
| Financial income | 75/76B | €288 | €825 | +€537 | +187% |
| Recurring financial income | 75 | €288 | €825 | +€537 | +187% |
| Financial charges | 65/66B | €89 | €24 | -€65 | -72.7% |
| Recurring financial charges | 65 | €89 | €24 | -€65 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €41,104 | €19,507 | -€21,597 | -52.5% |
| Income taxes | 67/77 | €3,460 | €5,678 | +€2,218 | +64.1% |
| Profit (loss) for the period | 9904 | €37,644 | €13,829 | -€23,815 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,644 | €13,829 | -€23,815 | -63.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.