LETSCHILL: 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.
LETSCHILL
Largest movements
- Receivables within one year +€10,391
up €10,391 (+142.0%), from €7,316 to €17,707
- Cash +€3,006
up €3,006 (+27.2%), from €11,042 to €14,048
mainly Other debts (+€28,000) and Tax, wage and social debts (+€14,474)
- Tangible fixed assets -€2,781
down €2,781 (-25.8%), from €10,789 to €8,008
of which Furniture and vehicles: -€1,648
- Stocks and contracts -€1,744
down €1,744 (-7.2%), from €24,158 to €22,414
- Other debts +€28,000
up €28,000 (+16.9%), from €166,013 to €194,013
- Profit (loss) carried forward -€26,991
down €26,991 (-18.4%), from -€146,409 to -€173,400
- Tax, wage and social debts +€14,474
up €14,474 (+138.1%), from €10,479 to €24,953
of which Remuneration and social security: +€14,825
- Trade debts -€6,544
down €6,544 (-29.6%), from €22,080 to €15,536
- Staff costs +€42,680
up €42,680 (+87.5%), from €48,758 to €91,438
- Gross operating margin +€33,361
up €33,361 (+97.7%), from €34,160 to €67,521
- Financial charges -€858
down €858 (-79.9%), from €1,074 to €216
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 | €53,413 | €62,352 | +€8,939 | +16.7% |
| Fixed assets | 21/28 | €10,789 | €8,008 | -€2,781 | -25.8% |
| Tangible fixed assets | 22/27 | €10,789 | €8,008 | -€2,781 | -25.8% |
| Furniture and vehicles | 24 | €2,236 | €588 | -€1,648 | -73.7% |
| Other tangible fixed assets | 26 | €8,553 | €7,420 | -€1,133 | -13.2% |
| Current assets | 29/58 | €42,624 | €54,344 | +€11,720 | +27.5% |
| Stocks and contracts in progress | 3 | €24,158 | €22,414 | -€1,744 | -7.2% |
| Stocks | 30/36 | €24,158 | €22,414 | -€1,744 | -7.2% |
| Amounts receivable within one year | 40/41 | €7,316 | €17,707 | +€10,391 | +142.0% |
| Trade receivables | 40 | €7,316 | €17,707 | +€10,391 | +142.0% |
| Cash at bank and in hand | 54/58 | €11,042 | €14,048 | +€3,006 | +27.2% |
| Deferred charges and accrued income | 490/1 | €108 | €175 | +€67 | +62.0% |
| Total equity and liabilities | 10/49 | €53,413 | €62,352 | +€8,939 | +16.7% |
| Equity | 10/15 | -€145,159 | -€172,150 | -€26,991 | -18.6% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,409 | -€173,400 | -€26,991 | -18.4% |
| Amounts payable | 17/49 | €198,572 | €234,502 | +€35,930 | +18.1% |
| Amounts payable within one year | 42/48 | €198,572 | €234,502 | +€35,930 | +18.1% |
| Trade debts | 44 | €22,080 | €15,536 | -€6,544 | -29.6% |
| Suppliers | 440/4 | €22,080 | €15,536 | -€6,544 | -29.6% |
| Taxes, remuneration and social security | 45 | €10,479 | €24,953 | +€14,474 | +138.1% |
| Taxes | 450/3 | €6,067 | €5,716 | -€351 | -5.8% |
| Remuneration and social security | 454/9 | €4,412 | €19,237 | +€14,825 | +336.0% |
| Other amounts payable | 47/48 | €166,013 | €194,013 | +€28,000 | +16.9% |
| Remuneration, social security and pensions | 62 | €48,758 | €91,438 | +€42,680 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,017 | €2,779 | -€238 | -7.9% |
| Other operating charges | 640/8 | €397 | €79 | -€318 | -80.1% |
| Gross operating margin | 9900 | €34,160 | €67,521 | +€33,361 | +97.7% |
| Operating profit (loss) | 9901 | -€18,012 | -€26,775 | -€8,763 | -48.7% |
| Financial income | 75/76B | €566 | - | -€566 | |
| Recurring financial income | 75 | €566 | - | -€566 | |
| Financial charges | 65/66B | €1,074 | €216 | -€858 | -79.9% |
| Recurring financial charges | 65 | €1,074 | €216 | -€858 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,520 | -€26,991 | -€8,471 | -45.7% |
| Profit (loss) for the period | 9904 | -€18,520 | -€26,991 | -€8,471 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,520 | -€26,991 | -€8,471 | -45.7% |
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 28 September 2026 via checked.be.