Lettani: 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.
Lettani
Largest movements
- Receivables within one year +€119,995
up €119,995 (+23.4%), from €511,918 to €631,913
of which Trade receivables: +€100,131
- Tangible fixed assets -€28,750
down €28,750 (-11.2%), from €256,643 to €227,892
of which Furniture and vehicles: -€18,075
- Cash +€17,165
up €17,165 (+358%), from €4,795 to €21,960
mainly Depreciation (+€78,195) and Net result for the year (+€51,432)
- Profit (loss) carried forward +€51,432
up €51,432 (+39.2%), from -€131,235 to -€79,804
- Other debts +€46,081
up €46,081 (+6.3%), from €734,575 to €780,656
- Tax, wage and social debts +€25,466
up €25,466 (+573%), from €4,443 to €29,910
of which Remuneration and social security: +€17,387
- Gross operating margin +€99,229
up €99,229 (+68.0%), from €145,878 to €245,107
- Staff costs +€36,988
up €36,988 (+54.8%), from €67,472 to €104,461
- Other operating charges -€9,808
down €9,808 (-69.2%), from €14,172 to €4,364
- Depreciation +€9,363
up €9,363 (+13.6%), from €68,831 to €78,195
- Taxes +€6,081
new in 2025: €6,081
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 | €818,441 | €932,770 | +€114,329 | +14.0% |
| Fixed assets | 21/28 | €260,272 | €237,522 | -€22,750 | -8.7% |
| Tangible fixed assets | 22/27 | €256,643 | €227,892 | -€28,750 | -11.2% |
| Plant, machinery and equipment | 23 | €52,719 | €42,043 | -€10,676 | -20.3% |
| Furniture and vehicles | 24 | €203,924 | €185,850 | -€18,075 | -8.9% |
| Financial fixed assets | 28 | €3,630 | €9,630 | +€6,000 | +165% |
| Current assets | 29/58 | €558,169 | €695,248 | +€137,079 | +24.6% |
| Stocks and contracts in progress | 3 | €41,375 | €41,375 | = | 0.0% |
| Stocks | 30/36 | €41,375 | €41,375 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €511,918 | €631,913 | +€119,995 | +23.4% |
| Trade receivables | 40 | €345,541 | €445,672 | +€100,131 | +29.0% |
| Other amounts receivable | 41 | €166,378 | €186,241 | +€19,864 | +11.9% |
| Cash at bank and in hand | 54/58 | €4,795 | €21,960 | +€17,165 | +358% |
| Deferred charges and accrued income | 490/1 | €81 | - | -€81 | |
| Total equity and liabilities | 10/49 | €818,441 | €932,770 | +€114,329 | +14.0% |
| Equity | 10/15 | -€110,250 | -€58,818 | +€51,432 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,385 | €2,385 | = | 0.0% |
| Distributable reserves | 133 | €2,385 | €2,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,235 | -€79,804 | +€51,432 | +39.2% |
| Amounts payable | 17/49 | €928,691 | €991,588 | +€62,897 | +6.8% |
| Amounts payable after more than one year | 17 | €65,233 | €65,233 | = | 0.0% |
| Financial debts | 170/4 | €65,233 | €65,233 | = | 0.0% |
| Amounts payable within one year | 42/48 | €863,458 | €926,355 | +€62,897 | +7.3% |
| Trade debts | 44 | €106,015 | €97,364 | -€8,651 | -8.2% |
| Suppliers | 440/4 | €106,015 | €97,364 | -€8,651 | -8.2% |
| Advances received on contracts in progress | 46 | €18,425 | €18,425 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,443 | €29,910 | +€25,466 | +573% |
| Taxes | 450/3 | €318 | €8,397 | +€8,080 | +2,542% |
| Remuneration and social security | 454/9 | €4,125 | €21,512 | +€17,387 | +421% |
| Other amounts payable | 47/48 | €734,575 | €780,656 | +€46,081 | +6.3% |
| Remuneration, social security and pensions | 62 | €67,472 | €104,461 | +€36,988 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,831 | €78,195 | +€9,363 | +13.6% |
| Other operating charges | 640/8 | €14,172 | €4,364 | -€9,808 | -69.2% |
| Gross operating margin | 9900 | €145,878 | €245,107 | +€99,229 | +68.0% |
| Operating profit (loss) | 9901 | -€4,598 | €58,087 | +€62,686 | |
| Financial charges | 65/66B | €622 | €575 | -€48 | -7.7% |
| Recurring financial charges | 65 | €622 | €575 | -€48 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,221 | €57,513 | +€62,733 | |
| Income taxes | 67/77 | - | €6,081 | +€6,081 | |
| Profit (loss) for the period | 9904 | -€5,221 | €51,432 | +€56,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,221 | €51,432 | +€56,652 |
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 19 October 2026 via checked.be.