LetsBuild Belgium SA: what changed
What changed
LetsBuild Belgium SA
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €133,409+€965,381
Equity
-€4.2m
2024 · -€5.0m+€726,139
Cash
€203,333
2024 · €148,952+€54,381
Balance sheet total
€3.9m
2024 · €4.3m-€414,151
Largest movements
Assets
- Receivables within one year -€659,288
down €659,288 (-29.9%), from €2.2m to €1.5m
of which Other amounts receivable: -€472,831
- Intangible fixed assets +€303,439
up €303,439 (+17.7%), from €1.7m to €2.0m
- Deferred charges and accrued income -€98,969
down €98,969 (-56.5%), from €175,111 to €76,141
- Cash +€54,381
up €54,381 (+36.5%), from €148,952 to €203,333
mainly Net result for the year (+€1.1m) and Other debts (+€992,286)
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-100%), from €2.1m to €0
- Profit (loss) carried forward +€1.1m
up €1.1m (+6.1%), from -€18.1m to -€17.0m
- Other debts +€992,286
up €992,286 (+34.1%), from €2.9m to €3.9m
- Investment grants -€372,651
down €372,651 (-100%), from €372,651 to €0
- Short-term financial debts -€202,030
down €202,030 (-100%), from €202,030 to €0
Income statement
- Financial charges -€669,164
down €669,164 (-70.6%), from €947,447 to €278,283
- Financial income +€175,058
up €175,058 (+601,160%), from €29 to €175,087
of which Non-recurring financial income: +€175,087
- Gross operating margin +€134,007
up €134,007 (+4.0%), from €3.3m to €3.5m
- Depreciation +€130,087
up €130,087 (+19.5%), from €665,723 to €795,810
- Staff costs -€98,118
down €98,118 (-6.4%), from €1.5m to €1.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€133,409
Gross operating margin
+€134,007
Staff costs
+€98,118
Depreciation
-€130,087
Write-downs
-€1,998
Other operating charges
+€25,962
Other operating items
-€5,458
Financial income
+€175,058
Financial charges
+€669,164
Taxes
+€616
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.8m
Investment
-€1.1m
Financing
-€2.7m
Cash 2024
€148,952
From operations (derived)
+€3.8m
Net result for the year
+€1.1m
Depreciation
+€795,810
Receivables within one year
+€659,288
Deferred charges and accrued income
+€98,969
Trade debts
+€87,160
Tax, wage and social debts
-€41,743
Other debts
+€992,286
Accrued charges and deferred income
+€124,050
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€2.7m
Debts after one year
-€2.1m
Short-term financial debts
-€202,030
Contributions, distributions and other
-€372,651
Cash 2025
€203,333
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,267,972 | €3,853,821 | -€414,151 | -9.7% |
| Fixed assets | 21/28 | €1,735,364 | €2,025,089 | +€289,725 | +16.7% |
| Intangible fixed assets | 21 | €1,711,523 | €2,014,962 | +€303,439 | +17.7% |
| Tangible fixed assets | 22/27 | €22,741 | €9,027 | -€13,714 | -60.3% |
| Plant, machinery and equipment | 23 | €16,815 | €8,283 | -€8,532 | -50.7% |
| Furniture and vehicles | 24 | €5,926 | €744 | -€5,182 | -87.4% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €2,532,608 | €1,828,732 | -€703,876 | -27.8% |
| Amounts receivable within one year | 40/41 | €2,208,545 | €1,549,258 | -€659,288 | -29.9% |
| Trade receivables | 40 | €1,735,714 | €1,549,258 | -€186,456 | -10.7% |
| Other amounts receivable | 41 | €472,831 | €0 | -€472,831 | -100% |
| Cash at bank and in hand | 54/58 | €148,952 | €203,333 | +€54,381 | +36.5% |
| Deferred charges and accrued income | 490/1 | €175,111 | €76,141 | -€98,969 | -56.5% |
| Total equity and liabilities | 10/49 | €4,267,972 | €3,853,821 | -€414,151 | -9.7% |
| Equity | 10/15 | -€4,956,017 | -€4,229,878 | +€726,139 | +14.7% |
| Contributions | 10/11 | €12,774,950 | €12,774,950 | = | 0.0% |
| Capital | 10 | €12,774,950 | €12,774,950 | = | 0.0% |
| Issued capital | 100 | €12,774,950 | €12,774,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,103,618 | -€17,004,828 | +€1.1m | +6.1% |
| Investment grants | 15 | €372,651 | €0 | -€372,651 | -100% |
| Amounts payable | 17/49 | €9,223,989 | €8,083,698 | -€1.1m | -12.4% |
| Amounts payable after more than one year | 17 | €2,100,012 | €0 | -€2.1m | -100% |
| Financial debts | 170/4 | €2,100,012 | €0 | -€2.1m | -100% |
| Amounts payable within one year | 42/48 | €3,816,701 | €4,652,372 | +€835,672 | +21.9% |
| Financial debts | 43 | €202,030 | €0 | -€202,030 | -100% |
| Credit institutions | 430/8 | €202,030 | €0 | -€202,030 | -100% |
| Trade debts | 44 | €330,543 | €417,703 | +€87,160 | +26.4% |
| Suppliers | 440/4 | €330,543 | €417,703 | +€87,160 | +26.4% |
| Taxes, remuneration and social security | 45 | €374,097 | €332,354 | -€41,743 | -11.2% |
| Taxes | 450/3 | €224,096 | €203,216 | -€20,880 | -9.3% |
| Remuneration and social security | 454/9 | €150,001 | €129,137 | -€20,864 | -13.9% |
| Other amounts payable | 47/48 | €2,910,030 | €3,902,316 | +€992,286 | +34.1% |
| Accrued charges and deferred income | 492/3 | €3,307,276 | €3,431,326 | +€124,050 | +3.8% |
| Remuneration, social security and pensions | 62 | €1,530,571 | €1,432,453 | -€98,118 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665,723 | €795,810 | +€130,087 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,352 | -€6,353 | +€1,998 | +23.9% |
| Other operating charges | 640/8 | €25,962 | €0 | -€25,962 | -100% |
| Non-recurring operating charges | 66A | €22,370 | €27,828 | +€5,458 | +24.4% |
| Gross operating margin | 9900 | €3,320,899 | €3,454,905 | +€134,007 | +4.0% |
| Operating profit (loss) | 9901 | €1,084,625 | €1,205,168 | +€120,543 | +11.1% |
| Financial income | 75/76B | €29 | €175,087 | +€175,058 | +601,160% |
| Recurring financial income | 75 | €29 | €0 | -€29 | -100% |
| Non-recurring financial income | 76B | - | €175,087 | +€175,087 | |
| Financial charges | 65/66B | €947,447 | €278,283 | -€669,164 | -70.6% |
| Recurring financial charges | 65 | €947,447 | €278,283 | -€669,164 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €137,207 | €1,101,972 | +€964,765 | +703% |
| Income taxes | 67/77 | €3,798 | €3,182 | -€616 | -16.2% |
| Profit (loss) for the period | 9904 | €133,409 | €1,098,790 | +€965,381 | +724% |
| Profit (loss) for the period to be appropriated | 9905 | €133,409 | €1,098,790 | +€965,381 | +724% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.