I LATINI: 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.
I LATINI
Largest movements
- Stocks and contracts +€8,500
up €8,500 (+79.5%), from €10,691 to €19,191
- Deferred charges and accrued income -€3,935
down €3,935 (-32.0%), from €12,298 to €8,363
- Other debts +€15,816
up €15,816 (+28.8%), from €54,993 to €70,809
- Short-term financial debts +€9,386
up €9,386 (+24,240%), from €39 to €9,425
- Profit (loss) carried forward -€9,335
down €9,335 (-18.6%), from -€50,262 to -€59,597
- Current portion of long-term debt -€6,996
down €6,996 (-55.9%), from €12,522 to €5,526
- Trade debts -€3,049
down €3,049 (-19.5%), from €15,672 to €12,623
- Financial income +€5,674
up €5,674 (+801%), from €709 to €6,382
of which Financial income: +€5,674
- Financial charges +€5,355
up €5,355 (+341%), from €1,569 to €6,923
- Gross operating margin -€585
down €585 (-7.7%), from -€7,580 to -€8,165
- Depreciation -€430
no longer reported in 2024 (was €430)
- Taxes +€223
no longer reported in 2024 (was -€223)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,229 | €179,236 | +€5,006 | +2.9% |
| Fixed assets | 21/28 | €109,676 | €109,676 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,414 | €24,414 | = | 0.0% |
| Plant, machinery and equipment | 23 | €215 | €215 | = | 0.0% |
| Furniture and vehicles | 24 | €24,200 | €24,200 | = | 0.0% |
| Financial fixed assets | 28 | €85,261 | €85,261 | = | 0.0% |
| Current assets | 29/58 | €64,553 | €69,560 | +€5,006 | +7.8% |
| Stocks and contracts in progress | 3 | €10,691 | €19,191 | +€8,500 | +79.5% |
| Stocks | 30/36 | €10,691 | €19,191 | +€8,500 | +79.5% |
| Amounts receivable within one year | 40/41 | €40,502 | €40,996 | +€494 | +1.2% |
| Trade receivables | 40 | €40,502 | €40,996 | +€494 | +1.2% |
| Cash at bank and in hand | 54/58 | €1,063 | €1,010 | -€52 | -4.9% |
| Deferred charges and accrued income | 490/1 | €12,298 | €8,363 | -€3,935 | -32.0% |
| Total equity and liabilities | 10/49 | €174,229 | €179,236 | +€5,006 | +2.9% |
| Equity | 10/15 | €90,138 | €80,803 | -€9,335 | -10.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €78,900 | €78,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,900 | €78,900 | = | 0.0% |
| Other | 1319 | €78,900 | €78,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,262 | -€59,597 | -€9,335 | -18.6% |
| Amounts payable | 17/49 | €84,091 | €98,432 | +€14,341 | +17.1% |
| Amounts payable within one year | 42/48 | €84,091 | €98,432 | +€14,341 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €12,522 | €5,526 | -€6,996 | -55.9% |
| Financial debts | 43 | €39 | €9,425 | +€9,386 | +24,240% |
| Credit institutions | 430/8 | €39 | €9,425 | +€9,386 | +24,240% |
| Trade debts | 44 | €15,672 | €12,623 | -€3,049 | -19.5% |
| Suppliers | 440/4 | €15,672 | €12,623 | -€3,049 | -19.5% |
| Taxes, remuneration and social security | 45 | €866 | €50 | -€816 | -94.2% |
| Taxes | 450/3 | €866 | €50 | -€816 | -94.2% |
| Other amounts payable | 47/48 | €54,993 | €70,809 | +€15,816 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | - | -€430 | |
| Other operating charges | 640/8 | €616 | €629 | +€13 | +2.1% |
| Gross operating margin | 9900 | -€7,580 | -€8,165 | -€585 | -7.7% |
| Operating profit (loss) | 9901 | -€8,626 | -€8,794 | -€168 | -1.9% |
| Financial income | 75/76B | €709 | €6,382 | +€5,674 | +801% |
| Recurring financial income | 75 | €709 | €6,382 | +€5,674 | +801% |
| Non-recurring financial income | 76B | €709 | €6,382 | +€5,674 | +801% |
| Financial charges | 65/66B | €1,569 | €6,923 | +€5,355 | +341% |
| Recurring financial charges | 65 | €1,569 | €6,923 | +€5,355 | +341% |
| Profit (loss) for the period before taxes | 9903 | -€9,486 | -€9,335 | +€151 | +1.6% |
| Income taxes | 67/77 | -€223 | - | +€223 | |
| Profit (loss) for the period | 9904 | -€9,263 | -€9,335 | -€72 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,263 | -€9,335 | -€72 | -0.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.