LETS UP: 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.
LETS UP
Largest movements
- Receivables within one year +€104,135
new in 2025: €104,135
of which Trade receivables: +€94,565
- Cash -€8,288
down €8,288 (-27.6%), from €30,000 to €21,712
mainly Receivables within one year (-€104,135) and Net result for the year (-€24,727)
- Trade debts +€117,234
up €117,234 (+2,653%), from €4,419 to €121,652
- Profit (loss) carried forward -€24,727
down €24,727 (-560%), from -€4,419 to -€29,146
- Tax, wage and social debts +€3,507
new in 2025: €3,507
of which Remuneration and social security: +€2,556
- Staff costs +€14,992
new in 2025: €14,992
- Gross operating margin -€4,972
down €4,972 (-113%), from -€4,419 to -€9,391
- Financial charges +€345
new in 2025: €345
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 | €30,000 | €126,818 | +€96,818 | +323% |
| Current assets | 29/58 | €30,000 | €126,818 | +€96,818 | +323% |
| Amounts receivable within one year | 40/41 | - | €104,135 | +€104,135 | |
| Trade receivables | 40 | - | €94,565 | +€94,565 | |
| Other amounts receivable | 41 | - | €9,569 | +€9,569 | |
| Cash at bank and in hand | 54/58 | €30,000 | €21,712 | -€8,288 | -27.6% |
| Deferred charges and accrued income | 490/1 | - | €972 | +€972 | |
| Total equity and liabilities | 10/49 | €30,000 | €126,818 | +€96,818 | +323% |
| Equity | 10/15 | €25,581 | €854 | -€24,727 | -96.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,419 | -€29,146 | -€24,727 | -560% |
| Amounts payable | 17/49 | €4,419 | €125,965 | +€121,546 | +2,751% |
| Amounts payable within one year | 42/48 | €4,419 | €125,965 | +€121,546 | +2,751% |
| Trade debts | 44 | €4,419 | €121,652 | +€117,234 | +2,653% |
| Suppliers | 440/4 | €4,419 | €121,652 | +€117,234 | +2,653% |
| Taxes, remuneration and social security | 45 | - | €3,507 | +€3,507 | |
| Taxes | 450/3 | - | €951 | +€951 | |
| Remuneration and social security | 454/9 | - | €2,556 | +€2,556 | |
| Other amounts payable | 47/48 | - | €805 | +€805 | |
| Remuneration, social security and pensions | 62 | - | €14,992 | +€14,992 | |
| Gross operating margin | 9900 | -€4,419 | -€9,391 | -€4,972 | -113% |
| Operating profit (loss) | 9901 | -€4,419 | -€24,383 | -€19,964 | -452% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €345 | +€345 | |
| Recurring financial charges | 65 | - | €345 | +€345 | |
| Profit (loss) for the period before taxes | 9903 | -€4,419 | -€24,727 | -€20,309 | -460% |
| Profit (loss) for the period | 9904 | -€4,419 | -€24,727 | -€20,309 | -460% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,419 | -€24,727 | -€20,309 | -460% |
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 22 October 2026 via checked.be.