LETHI: 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.
LETHI
Largest movements
- Cash -€67,417
down €67,417 (-98.7%), from €68,300 to €883
mainly Other debts (-€94,182) and Net result for the year (-€30,736)
- Tangible fixed assets -€65,936
down €65,936 (-2.3%), from €2.9m to €2.8m
of which Land and buildings: -€64,086
- Other debts -€94,182
down €94,182 (-10.3%), from €918,500 to €824,318
- Profit (loss) carried forward -€30,736
down €30,736 (-23.4%), from -€131,404 to -€162,140
No income-statement line moved by more than 1% of the activity.
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 | €3,072,391 | €2,939,942 | -€132,449 | -4.3% |
| Fixed assets | 21/28 | €2,904,046 | €2,838,110 | -€65,936 | -2.3% |
| Tangible fixed assets | 22/27 | €2,904,046 | €2,838,110 | -€65,936 | -2.3% |
| Land and buildings | 22 | €2,891,499 | €2,827,413 | -€64,086 | -2.2% |
| Plant, machinery and equipment | 23 | €12,403 | €10,625 | -€1,778 | -14.3% |
| Furniture and vehicles | 24 | €144 | €72 | -€72 | -49.9% |
| Current assets | 29/58 | €168,345 | €101,832 | -€66,513 | -39.5% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,972 | €18,300 | -€2,672 | -12.7% |
| Trade receivables | 40 | €20,450 | €18,300 | -€2,150 | -10.5% |
| Other amounts receivable | 41 | €522 | - | -€522 | |
| Cash at bank and in hand | 54/58 | €68,300 | €883 | -€67,417 | -98.7% |
| Deferred charges and accrued income | 490/1 | €4,073 | €7,649 | +€3,575 | +87.8% |
| Total equity and liabilities | 10/49 | €3,072,391 | €2,939,942 | -€132,449 | -4.3% |
| Equity | 10/15 | €2,133,686 | €2,102,950 | -€30,736 | -1.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Revaluation surpluses | 12 | €2,127,726 | €2,127,726 | = | 0.0% |
| Reserves | 13 | €13,419 | €13,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €436 | €436 | = | 0.0% |
| Distributable reserves | 133 | €588 | €588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,404 | -€162,140 | -€30,736 | -23.4% |
| Amounts payable | 17/49 | €938,705 | €836,992 | -€101,713 | -10.8% |
| Amounts payable within one year | 42/48 | €924,836 | €828,014 | -€96,822 | -10.5% |
| Trade debts | 44 | €2,357 | €57 | -€2,300 | -97.6% |
| Suppliers | 440/4 | €2,357 | €57 | -€2,300 | -97.6% |
| Taxes, remuneration and social security | 45 | €3,980 | €3,639 | -€340 | -8.6% |
| Taxes | 450/3 | €3,980 | €3,639 | -€340 | -8.6% |
| Other amounts payable | 47/48 | €918,500 | €824,318 | -€94,182 | -10.3% |
| Accrued charges and deferred income | 492/3 | €13,869 | €8,978 | -€4,891 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,293 | €65,936 | -€357 | -0.5% |
| Other operating charges | 640/8 | €5,224 | €5,484 | +€259 | +5.0% |
| Gross operating margin | 9900 | €48,341 | €48,761 | +€421 | +0.9% |
| Operating profit (loss) | 9901 | -€23,176 | -€22,658 | +€518 | +2.2% |
| Financial income | 75/76B | €900 | €900 | = | 0.0% |
| Recurring financial income | 75 | €900 | €900 | = | 0.0% |
| Financial charges | 65/66B | €9,461 | €8,978 | -€483 | -5.1% |
| Recurring financial charges | 65 | €9,461 | €8,978 | -€483 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,738 | -€30,736 | +€1,002 | +3.2% |
| Profit (loss) for the period | 9904 | -€31,738 | -€30,736 | +€1,002 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,738 | -€30,736 | +€1,002 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.