Joris Latui: 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.
Joris Latui
Largest movements
- Receivables within one year +€144,461
up €144,461 (+107%), from €135,483 to €279,944
of which Other amounts receivable: +€143,988
- Cash -€43,772
down €43,772 (-59.4%), from €73,695 to €29,922
mainly Contributions, distributions and other (-€418,943) and Receivables within one year (-€144,461)
- Tangible fixed assets +€8,365
up €8,365 (+98.7%), from €8,476 to €16,842
- Other debts +€418,943
new in 2025: €418,943
- Reserves -€310,862
down €310,862 (-100%), from €310,862 to €0
- Financial income +€5,207
up €5,207 (+47.1%), from €11,048 to €16,254
- Depreciation +€1,496
up €1,496 (+132%), from €1,133 to €2,629
- Taxes +€1,312
up €1,312 (+4.5%), from €29,187 to €30,498
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 | €351,068 | €460,122 | +€109,054 | +31.1% |
| Fixed assets | 21/28 | €8,476 | €16,842 | +€8,365 | +98.7% |
| Tangible fixed assets | 22/27 | €8,476 | €16,842 | +€8,365 | +98.7% |
| Furniture and vehicles | 24 | €8,476 | €16,842 | +€8,365 | +98.7% |
| Current assets | 29/58 | €342,591 | €443,280 | +€100,689 | +29.4% |
| Amounts receivable after more than one year | 29 | €133,413 | €133,413 | = | 0.0% |
| Other amounts receivable | 291 | €133,413 | €133,413 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,483 | €279,944 | +€144,461 | +107% |
| Trade receivables | 40 | €1,808 | €2,281 | +€473 | +26.2% |
| Other amounts receivable | 41 | €133,675 | €277,664 | +€143,988 | +108% |
| Cash at bank and in hand | 54/58 | €73,695 | €29,922 | -€43,772 | -59.4% |
| Total equity and liabilities | 10/49 | €351,068 | €460,122 | +€109,054 | +31.1% |
| Equity | 10/15 | €310,863 | €1 | -€310,862 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €310,862 | €0 | -€310,862 | -100% |
| Distributable reserves | 133 | €310,862 | €0 | -€310,862 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,205 | €460,121 | +€419,916 | +1,044% |
| Amounts payable within one year | 42/48 | €40,205 | €460,121 | +€419,916 | +1,044% |
| Trade debts | 44 | €1,994 | €2,675 | +€681 | +34.2% |
| Suppliers | 440/4 | €1,994 | €2,675 | +€681 | +34.2% |
| Taxes, remuneration and social security | 45 | €38,211 | €38,503 | +€292 | +0.8% |
| Taxes | 450/3 | €38,211 | €38,503 | +€292 | +0.8% |
| Other amounts payable | 47/48 | - | €418,943 | +€418,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €2,629 | +€1,496 | +132% |
| Other operating charges | 640/8 | €477 | €511 | +€34 | +7.1% |
| Gross operating margin | 9900 | €124,326 | €125,506 | +€1,180 | +0.9% |
| Operating profit (loss) | 9901 | €122,715 | €122,365 | -€350 | -0.3% |
| Financial income | 75/76B | €11,048 | €16,254 | +€5,207 | +47.1% |
| Recurring financial income | 75 | €11,048 | €16,254 | +€5,207 | +47.1% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.4% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €133,724 | €138,579 | +€4,855 | +3.6% |
| Income taxes | 67/77 | €29,187 | €30,498 | +€1,312 | +4.5% |
| Profit (loss) for the period | 9904 | €104,537 | €108,081 | +€3,544 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,537 | €108,081 | +€3,544 | +3.4% |
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 14 October 2026 via checked.be.