De Lathouwer Sofie: 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.
De Lathouwer Sofie
Largest movements
- Cash -€210,261
down €210,261 (-92.2%), from €228,124 to €17,863
mainly Current investments (-€200,000) and Deferred charges and accrued income (-€29,127)
- Current investments +€200,000
new in 2025: €200,000
- Deferred charges and accrued income +€29,127
up €29,127 (+739%), from €3,942 to €33,069
- Receivables within one year -€8,481
down €8,481 (-36.4%), from €23,293 to €14,811
of which Trade receivables: -€20,510
- Reserves +€13,841
up €13,841 (+5.4%), from €257,993 to €271,834
of which Distributable reserves: +€13,841
- Tax, wage and social debts -€13,564
down €13,564 (-100%), from €13,564 to €0
- Other debts +€10,197
up €10,197 (+5,704%), from €179 to €10,376
- Gross operating margin -€124,172
down €124,172 (-81.8%), from €151,761 to €27,588
- Taxes -€32,926
down €32,926 (-84.2%), from €39,113 to €6,187
- Depreciation +€3,871
up €3,871 (+1,693%), from €229 to €4,100
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 | €287,419 | €300,198 | +€12,779 | +4.4% |
| Fixed assets | 21/28 | €32,061 | €34,455 | +€2,394 | +7.5% |
| Tangible fixed assets | 22/27 | €31,961 | €34,355 | +€2,394 | +7.5% |
| Plant, machinery and equipment | 23 | €2,599 | €1,731 | -€869 | -33.4% |
| Other tangible fixed assets | 26 | €29,362 | €32,624 | +€3,262 | +11.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €255,358 | €265,743 | +€10,385 | +4.1% |
| Amounts receivable within one year | 40/41 | €23,293 | €14,811 | -€8,481 | -36.4% |
| Trade receivables | 40 | €23,293 | €2,783 | -€20,510 | -88.1% |
| Other amounts receivable | 41 | - | €12,028 | +€12,028 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €228,124 | €17,863 | -€210,261 | -92.2% |
| Deferred charges and accrued income | 490/1 | €3,942 | €33,069 | +€29,127 | +739% |
| Total equity and liabilities | 10/49 | €287,419 | €300,198 | +€12,779 | +4.4% |
| Equity | 10/15 | €267,993 | €281,834 | +€13,841 | +5.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €257,993 | €271,834 | +€13,841 | +5.4% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €173,793 | €187,634 | +€13,841 | +8.0% |
| Amounts payable | 17/49 | €19,426 | €18,364 | -€1,062 | -5.5% |
| Amounts payable within one year | 42/48 | €19,426 | €17,990 | -€1,436 | -7.4% |
| Trade debts | 44 | €5,684 | €7,614 | +€1,931 | +34.0% |
| Suppliers | 440/4 | €5,684 | €7,614 | +€1,931 | +34.0% |
| Taxes, remuneration and social security | 45 | €13,564 | €0 | -€13,564 | -100% |
| Taxes | 450/3 | €13,564 | €0 | -€13,564 | -100% |
| Other amounts payable | 47/48 | €179 | €10,376 | +€10,197 | +5,704% |
| Accrued charges and deferred income | 492/3 | - | €374 | +€374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €4,100 | +€3,871 | +1,693% |
| Other operating charges | 640/8 | €141 | €658 | +€518 | +368% |
| Gross operating margin | 9900 | €151,761 | €27,588 | -€124,172 | -81.8% |
| Operating profit (loss) | 9901 | €151,391 | €22,830 | -€128,561 | -84.9% |
| Financial income | 75/76B | €1,025 | €0 | -€1,025 | -100% |
| Recurring financial income | 75 | €1,025 | €0 | -€1,025 | -100% |
| Financial charges | 65/66B | €1,914 | €2,801 | +€888 | +46.4% |
| Recurring financial charges | 65 | €1,914 | €2,801 | +€888 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €150,503 | €20,029 | -€130,474 | -86.7% |
| Income taxes | 67/77 | €39,113 | €6,187 | -€32,926 | -84.2% |
| Profit (loss) for the period | 9904 | €111,389 | €13,841 | -€97,548 | -87.6% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €69,289 | €13,841 | -€55,448 | -80.0% |
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 16 October 2026 via checked.be.