LETOS: 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.
LETOS
Largest movements
- Cash +€172,424
up €172,424 (+3376.7%), from €5,106 to €177,531
mainly Current investments (+€148,000) and Net result for the year (+€68,643)
- Current investments -€148,000
down €148,000 (-47.3%), from €312,623 to €164,623
- Receivables after one year -€34,000
down €34,000 (-100.0%), from €34,000 to €0
- Other debts -€91,653
down €91,653 (-79.7%), from €114,969 to €23,316
- Reserves +€68,600
up €68,600 (+23.5%), from €292,455 to €361,055
of which Distributable reserves: +€68,600
- Tax, wage and social debts +€12,568
up €12,568 (+187.9%), from €6,689 to €19,257
- Gross operating margin +€62,709
up €62,709 (+143.4%), from €43,729 to €106,438
- Taxes +€19,667
up €19,667 (+148.2%), from €13,271 to €32,938
- Financial income -€1,510
down €1,510 (-30.2%), from €4,995 to €3,485
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 | €433,141 | €423,032 | -€10,110 | -2.3% |
| Fixed assets | 21/28 | €19,127 | €16,243 | -€2,884 | -15.1% |
| Tangible fixed assets | 22/27 | €19,127 | €16,243 | -€2,884 | -15.1% |
| Plant, machinery and equipment | 23 | €1,868 | €1,045 | -€823 | -44.0% |
| Furniture and vehicles | 24 | €15,956 | €14,052 | -€1,904 | -11.9% |
| Other tangible fixed assets | 26 | €1,303 | €1,145 | -€157 | -12.1% |
| Current assets | 29/58 | €414,014 | €406,789 | -€7,225 | -1.7% |
| Amounts receivable after more than one year | 29 | €34,000 | €0 | -€34,000 | -100.0% |
| Trade receivables | 290 | €34,000 | €0 | -€34,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €60,451 | €62,769 | +€2,318 | +3.8% |
| Trade receivables | 40 | €6,050 | €60,500 | +€54,450 | +900.0% |
| Other amounts receivable | 41 | €54,401 | €2,269 | -€52,132 | -95.8% |
| Current investments | 50/53 | €312,623 | €164,623 | -€148,000 | -47.3% |
| Cash at bank and in hand | 54/58 | €5,106 | €177,531 | +€172,424 | +3376.7% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,867 | +€32 | +1.8% |
| Total equity and liabilities | 10/49 | €433,141 | €423,032 | -€10,110 | -2.3% |
| Equity | 10/15 | €311,405 | €380,048 | +€68,643 | +22.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €292,455 | €361,055 | +€68,600 | +23.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €290,595 | €359,195 | +€68,600 | +23.6% |
| Profit (loss) carried forward | 14 | €359 | €402 | +€43 | +12.0% |
| Amounts payable | 17/49 | €121,736 | €42,984 | -€78,752 | -64.7% |
| Amounts payable within one year | 42/48 | €121,736 | €42,984 | -€78,752 | -64.7% |
| Trade debts | 44 | €78 | €411 | +€333 | +424.7% |
| Suppliers | 440/4 | €78 | €411 | +€333 | +424.7% |
| Taxes, remuneration and social security | 45 | €6,689 | €19,257 | +€12,568 | +187.9% |
| Taxes | 450/3 | €6,689 | €19,257 | +€12,568 | +187.9% |
| Other amounts payable | 47/48 | €114,969 | €23,316 | -€91,653 | -79.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,557 | €5,841 | +€283 | +5.1% |
| Other operating charges | 640/8 | €2,244 | €2,314 | +€70 | +3.1% |
| Gross operating margin | 9900 | €43,729 | €106,438 | +€62,709 | +143.4% |
| Operating profit (loss) | 9901 | €35,928 | €98,283 | +€62,355 | +173.6% |
| Financial income | 75/76B | €4,995 | €3,485 | -€1,510 | -30.2% |
| Recurring financial income | 75 | €4,995 | €3,485 | -€1,510 | -30.2% |
| Financial charges | 65/66B | €179 | €186 | +€7 | +4.2% |
| Recurring financial charges | 65 | €179 | €186 | +€7 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €40,744 | €101,581 | +€60,837 | +149.3% |
| Income taxes | 67/77 | €13,271 | €32,938 | +€19,667 | +148.2% |
| Profit (loss) for the period | 9904 | €27,473 | €68,643 | +€41,170 | +149.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,473 | €68,643 | +€41,170 | +149.9% |
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 3 October 2026 via checked.be.