Dr. Inge De Latte: 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.
Dr. Inge De Latte
Largest movements
- Receivables within one year -€460,446
down €460,446 (-34.8%), from €1.3m to €862,148
of which Other amounts receivable: -€295,632
- Cash +€373,691
up €373,691 (+120%), from €312,021 to €685,713
mainly Net result for the year (+€549,535) and Receivables within one year (+€460,446)
- Receivables after one year -€212,319
no longer reported in 2025 (was €212,319)
- Current investments +€89,696
up €89,696 (+11.9%), from €751,558 to €841,254
- Tangible fixed assets -€35,359
down €35,359 (-30.8%), from €114,661 to €79,302
of which Other tangible fixed assets: -€41,806
- Reserves -€90,591
down €90,591 (-4.3%), from €2.1m to €2.0m
- Trade debts -€72,379
down €72,379 (-65.0%), from €111,414 to €39,035
- Other debts -€46,079
down €46,079 (-12.2%), from €378,707 to €332,628
- Tax, wage and social debts -€38,367
down €38,367 (-21.8%), from €175,801 to €137,435
of which Taxes: -€31,417
- Gross operating margin -€80,972
down €80,972 (-8.6%), from €938,535 to €857,563
- Taxes -€22,800
down €22,800 (-8.3%), from €276,216 to €253,416
- Staff costs -€17,875
down €17,875 (-22.8%), from €78,315 to €60,440
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 | €2,789,550 | €2,535,642 | -€253,909 | -9.1% |
| Fixed assets | 21/28 | €120,158 | €82,313 | -€37,845 | -31.5% |
| Intangible fixed assets | 21 | €3,834 | €1,569 | -€2,264 | -59.1% |
| Tangible fixed assets | 22/27 | €114,661 | €79,302 | -€35,359 | -30.8% |
| Plant, machinery and equipment | 23 | €11,821 | €9,354 | -€2,467 | -20.9% |
| Furniture and vehicles | 24 | €52,782 | €61,696 | +€8,914 | +16.9% |
| Other tangible fixed assets | 26 | €50,058 | €8,252 | -€41,806 | -83.5% |
| Financial fixed assets | 28 | €1,664 | €1,442 | -€222 | -13.4% |
| Current assets | 29/58 | €2,669,392 | €2,453,329 | -€216,063 | -8.1% |
| Amounts receivable after more than one year | 29 | €212,319 | - | -€212,319 | |
| Other amounts receivable | 291 | €212,319 | - | -€212,319 | |
| Stocks and contracts in progress | 3 | €69,407 | €62,583 | -€6,824 | -9.8% |
| Stocks | 30/36 | €69,407 | €62,583 | -€6,824 | -9.8% |
| Amounts receivable within one year | 40/41 | €1,322,594 | €862,148 | -€460,446 | -34.8% |
| Trade receivables | 40 | €483,248 | €318,434 | -€164,814 | -34.1% |
| Other amounts receivable | 41 | €839,346 | €543,714 | -€295,632 | -35.2% |
| Current investments | 50/53 | €751,558 | €841,254 | +€89,696 | +11.9% |
| Cash at bank and in hand | 54/58 | €312,021 | €685,713 | +€373,691 | +120% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,631 | +€138 | +9.2% |
| Total equity and liabilities | 10/49 | €2,789,550 | €2,535,642 | -€253,909 | -9.1% |
| Equity | 10/15 | €2,110,883 | €2,020,291 | -€90,591 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,092,283 | €2,001,691 | -€90,591 | -4.3% |
| Distributable reserves | 133 | €2,092,283 | €2,001,691 | -€90,591 | -4.3% |
| Amounts payable | 17/49 | €678,667 | €515,350 | -€163,317 | -24.1% |
| Amounts payable within one year | 42/48 | €668,580 | €509,350 | -€159,230 | -23.8% |
| Financial debts | 43 | €2,658 | €253 | -€2,405 | -90.5% |
| Credit institutions | 430/8 | €2,658 | €253 | -€2,405 | -90.5% |
| Trade debts | 44 | €111,414 | €39,035 | -€72,379 | -65.0% |
| Suppliers | 440/4 | €111,414 | €39,035 | -€72,379 | -65.0% |
| Taxes, remuneration and social security | 45 | €175,801 | €137,435 | -€38,367 | -21.8% |
| Taxes | 450/3 | €161,553 | €130,136 | -€31,417 | -19.4% |
| Remuneration and social security | 454/9 | €14,248 | €7,298 | -€6,950 | -48.8% |
| Other amounts payable | 47/48 | €378,707 | €332,628 | -€46,079 | -12.2% |
| Accrued charges and deferred income | 492/3 | €10,087 | €6,000 | -€4,087 | -40.5% |
| Non-recurring operating income | 76A | €442 | - | -€442 | |
| Remuneration, social security and pensions | 62 | €78,315 | €60,440 | -€17,875 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,283 | €15,375 | -€4,908 | -24.2% |
| Other operating charges | 640/8 | €3,762 | €3,808 | +€46 | +1.2% |
| Gross operating margin | 9900 | €938,535 | €857,563 | -€80,972 | -8.6% |
| Operating profit (loss) | 9901 | €836,176 | €777,940 | -€58,236 | -7.0% |
| Financial income | 75/76B | €33,144 | €25,349 | -€7,795 | -23.5% |
| Recurring financial income | 75 | €33,144 | €25,349 | -€7,795 | -23.5% |
| Financial charges | 65/66B | €500 | €339 | -€161 | -32.1% |
| Recurring financial charges | 65 | €500 | €339 | -€161 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €868,821 | €802,950 | -€65,870 | -7.6% |
| Income taxes | 67/77 | €276,216 | €253,416 | -€22,800 | -8.3% |
| Profit (loss) for the period | 9904 | €592,605 | €549,535 | -€43,070 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €592,605 | €549,535 | -€43,070 | -7.3% |
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 27 October 2026 via checked.be.