LetterLust: 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.
LetterLust
Largest movements
- Tangible fixed assets -€847
down €847 (-20.5%), from €4,142 to €3,295
of which Furniture and vehicles: -€441
- Cash -€616
down €616 (-13.9%), from €4,425 to €3,809
mainly Tax, wage and social debts (-€566) and Receivables within one year (-€536)
- Receivables within one year +€536
up €536 (+43.4%), from €1,236 to €1,772
- Tax, wage and social debts -€566
down €566 (-71.3%), from €794 to €228
- Profit (loss) carried forward -€217
down €217 (-3.1%), from -€7,048 to -€7,265
- Other debts -€210
down €210 (-9.5%), from €2,212 to €2,003
- Gross operating margin -€546
down €546 (-25.1%), from €2,176 to €1,630
- Financial charges -€69
down €69 (-29.8%), from €230 to €162
- Other operating charges +€58
up €58 (+9.7%), from €603 to €662
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 | €12,088 | €11,096 | -€993 | -8.2% |
| Fixed assets | 21/28 | €4,292 | €3,445 | -€847 | -19.7% |
| Tangible fixed assets | 22/27 | €4,142 | €3,295 | -€847 | -20.5% |
| Furniture and vehicles | 24 | €3,392 | €2,952 | -€441 | -13.0% |
| Other tangible fixed assets | 26 | €750 | €343 | -€407 | -54.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €7,796 | €7,651 | -€145 | -1.9% |
| Amounts receivable within one year | 40/41 | €1,236 | €1,772 | +€536 | +43.4% |
| Trade receivables | 40 | €1,236 | €1,772 | +€536 | +43.4% |
| Cash at bank and in hand | 54/58 | €4,425 | €3,809 | -€616 | -13.9% |
| Deferred charges and accrued income | 490/1 | €2,136 | €2,070 | -€66 | -3.1% |
| Total equity and liabilities | 10/49 | €12,088 | €11,096 | -€993 | -8.2% |
| Equity | 10/15 | €9,082 | €8,865 | -€217 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,730 | €3,730 | = | 0.0% |
| Distributable reserves | 133 | €3,730 | €3,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,048 | -€7,265 | -€217 | -3.1% |
| Amounts payable | 17/49 | €3,006 | €2,230 | -€776 | -25.8% |
| Amounts payable within one year | 42/48 | €3,006 | €2,230 | -€776 | -25.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €794 | €228 | -€566 | -71.3% |
| Taxes | 450/3 | €794 | €228 | -€566 | -71.3% |
| Other amounts payable | 47/48 | €2,212 | €2,003 | -€210 | -9.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €847 | = | 0.0% |
| Other operating charges | 640/8 | €603 | €662 | +€58 | +9.7% |
| Gross operating margin | 9900 | €2,176 | €1,630 | -€546 | -25.1% |
| Operating profit (loss) | 9901 | €725 | €121 | -€604 | -83.3% |
| Financial charges | 65/66B | €230 | €162 | -€69 | -29.8% |
| Recurring financial charges | 65 | €230 | €162 | -€69 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €495 | -€41 | -€536 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €321 | -€217 | -€538 | |
| Profit (loss) for the period to be appropriated | 9905 | €321 | -€217 | -€538 |
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 17 October 2026 via checked.be.