Ivan LACATENA Management: 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.
Ivan LACATENA Management
Largest movements
- Receivables within one year -€18,385
down €18,385 (-59.6%), from €30,855 to €12,470
- Debts after one year -€20,156
down €20,156 (-20.4%), from €98,621 to €78,465
- Profit (loss) carried forward +€9,773
up €9,773, from -€4,756 to €5,016
- Short-term financial debts -€8,017
down €8,017 (-68.1%), from €11,773 to €3,756
- Trade debts -€5,910
down €5,910 (-60.1%), from €9,841 to €3,931
- Other debts +€2,819
up €2,819 (+3.6%), from €78,624 to €81,443
- Gross operating margin -€6,618
down €6,618 (-20.9%), from €31,643 to €25,026
- Taxes -€3,990
down €3,990 (-41.6%), from €9,600 to €5,611
- Other operating charges +€655
up €655 (+105%), from €624 to €1,279
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 | €253,190 | €233,269 | -€19,921 | -7.9% |
| Fixed assets | 21/28 | €222,170 | €220,634 | -€1,536 | -0.7% |
| Tangible fixed assets | 22/27 | €4,027 | €2,491 | -€1,536 | -38.1% |
| Furniture and vehicles | 24 | €1,888 | €602 | -€1,286 | -68.1% |
| Other tangible fixed assets | 26 | €2,140 | €1,889 | -€250 | -11.7% |
| Financial fixed assets | 28 | €218,143 | €218,143 | = | 0.0% |
| Current assets | 29/58 | €31,020 | €12,635 | -€18,385 | -59.3% |
| Amounts receivable within one year | 40/41 | €30,855 | €12,470 | -€18,385 | -59.6% |
| Trade receivables | 40 | €30,855 | €12,470 | -€18,385 | -59.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | -€0 | -100% |
| Deferred charges and accrued income | 490/1 | €165 | €165 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €253,190 | €233,269 | -€19,921 | -7.9% |
| Equity | 10/15 | -€1,756 | €8,016 | +€9,773 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,756 | €5,016 | +€9,773 | |
| Provisions and deferred taxes | 16 | €23,508 | €23,508 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €23,508 | €23,508 | = | 0.0% |
| Other liabilities and charges | 164/5 | €23,508 | €23,508 | = | 0.0% |
| Amounts payable | 17/49 | €231,439 | €201,746 | -€29,694 | -12.8% |
| Amounts payable after more than one year | 17 | €98,621 | €78,465 | -€20,156 | -20.4% |
| Financial debts | 170/4 | €98,621 | €78,465 | -€20,156 | -20.4% |
| Amounts payable within one year | 42/48 | €131,762 | €122,226 | -€9,536 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €20,403 | €20,156 | -€247 | -1.2% |
| Financial debts | 43 | €11,773 | €3,756 | -€8,017 | -68.1% |
| Credit institutions | 430/8 | €11,773 | €3,756 | -€8,017 | -68.1% |
| Trade debts | 44 | €9,841 | €3,931 | -€5,910 | -60.1% |
| Suppliers | 440/4 | €9,841 | €3,931 | -€5,910 | -60.1% |
| Taxes, remuneration and social security | 45 | €11,120 | €12,939 | +€1,819 | +16.4% |
| Taxes | 450/3 | €11,120 | €12,939 | +€1,819 | +16.4% |
| Other amounts payable | 47/48 | €78,624 | €81,443 | +€2,819 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,056 | €1,055 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €1,536 | -€211 | -12.1% |
| Other operating charges | 640/8 | €624 | €1,279 | +€655 | +105% |
| Gross operating margin | 9900 | €31,643 | €25,026 | -€6,618 | -20.9% |
| Operating profit (loss) | 9901 | €29,272 | €22,210 | -€7,062 | -24.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €9,732 | €9,620 | -€112 | -1.1% |
| Recurring financial charges | 65 | €9,732 | €9,620 | -€112 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €19,540 | €12,599 | -€6,941 | -35.5% |
| Income taxes | 67/77 | €9,600 | €5,611 | -€3,990 | -41.6% |
| Profit (loss) for the period | 9904 | €9,940 | €6,989 | -€2,951 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,940 | €6,989 | -€2,951 | -29.7% |
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 24 October 2026 via checked.be.