La-Thé: what changed
Two fiscal 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.
La-Thé
Largest movements
- Tangible fixed assets -€13,544
down €13,544 (-14.1%), from €95,874 to €82,330
of which Plant, machinery and equipment: -€7,314
- Deferred charges and accrued income -€10,782
down €10,782 (-94.7%), from €11,390 to €608
- Cash +€6,253
up €6,253 (+80.6%), from €7,757 to €14,009
mainly Net result for the year (+€29,244) and Depreciation (+€23,708)
- Stocks and contracts +€6,106
up €6,106 (+18.9%), from €32,365 to €38,471
- Other debts -€33,996
down €33,996 (-37.1%), from €91,510 to €57,514
- Profit (loss) carried forward +€29,244
up €29,244, from -€16,340 to €12,904
- Debts after one year -€9,826
down €9,826 (-25.4%), from €38,636 to €28,810
- Trade debts -€8,789
down €8,789 (-69.9%), from €12,577 to €3,787
- Tax, wage and social debts +€6,323
up €6,323 (+261.8%), from €2,415 to €8,738
- Gross operating margin +€10,546
up €10,546 (+20.8%), from €50,623 to €61,169
- Taxes +€5,354
up €5,354 (+4048.7%), from €132 to €5,486
- Depreciation -€1,023
down €1,023 (-4.1%), from €24,731 to €23,708
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.
Cash bridge derived
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 | €152,038 | €140,926 | -€11,112 | -7.3% |
| Fixed assets | 21/28 | €95,874 | €82,330 | -€13,544 | -14.1% |
| Tangible fixed assets | 22/27 | €95,874 | €82,330 | -€13,544 | -14.1% |
| Plant, machinery and equipment | 23 | €30,350 | €23,036 | -€7,314 | -24.1% |
| Furniture and vehicles | 24 | €18,582 | €16,610 | -€1,972 | -10.6% |
| Other tangible fixed assets | 26 | €46,942 | €42,684 | -€4,258 | -9.1% |
| Current assets | 29/58 | €56,163 | €58,595 | +€2,432 | +4.3% |
| Stocks and contracts in progress | 3 | €32,365 | €38,471 | +€6,106 | +18.9% |
| Stocks | 30/36 | €32,365 | €38,471 | +€6,106 | +18.9% |
| Amounts receivable within one year | 40/41 | €4,652 | €5,506 | +€855 | +18.4% |
| Trade receivables | 40 | €4,652 | €5,506 | +€855 | +18.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,757 | €14,009 | +€6,253 | +80.6% |
| Deferred charges and accrued income | 490/1 | €11,390 | €608 | -€10,782 | -94.7% |
| Total equity and liabilities | 10/49 | €152,038 | €140,926 | -€11,112 | -7.3% |
| Equity | 10/15 | -€12,140 | €17,104 | +€29,244 | |
| Contributions | 10/11 | €4,200 | €4,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,340 | €12,904 | +€29,244 | |
| Amounts payable | 17/49 | €164,178 | €123,822 | -€40,356 | -24.6% |
| Amounts payable after more than one year | 17 | €38,636 | €28,810 | -€9,826 | -25.4% |
| Financial debts | 170/4 | €38,636 | €28,810 | -€9,826 | -25.4% |
| Amounts payable within one year | 42/48 | €125,542 | €95,012 | -€30,529 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €9,653 | €9,826 | +€173 | +1.8% |
| Trade debts | 44 | €12,577 | €3,787 | -€8,789 | -69.9% |
| Suppliers | 440/4 | €12,577 | €3,787 | -€8,789 | -69.9% |
| Advances received on contracts in progress | 46 | €9,386 | €15,146 | +€5,760 | +61.4% |
| Taxes, remuneration and social security | 45 | €2,415 | €8,738 | +€6,323 | +261.8% |
| Taxes | 450/3 | €2,415 | €8,738 | +€6,323 | +261.8% |
| Other amounts payable | 47/48 | €91,510 | €57,514 | -€33,996 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,731 | €23,708 | -€1,023 | -4.1% |
| Other operating charges | 640/8 | €1,704 | €1,608 | -€97 | -5.7% |
| Gross operating margin | 9900 | €50,623 | €61,169 | +€10,546 | +20.8% |
| Operating profit (loss) | 9901 | €24,187 | €35,853 | +€11,666 | +48.2% |
| Financial income | 75/76B | €96 | €23 | -€73 | -76.0% |
| Recurring financial income | 75 | €96 | €23 | -€73 | -76.0% |
| Financial charges | 65/66B | €1,057 | €1,147 | +€89 | +8.4% |
| Recurring financial charges | 65 | €1,057 | €1,147 | +€89 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €23,226 | €34,730 | +€11,504 | +49.5% |
| Income taxes | 67/77 | €132 | €5,486 | +€5,354 | +4048.7% |
| Profit (loss) for the period | 9904 | €23,094 | €29,244 | +€6,150 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,094 | €29,244 | +€6,150 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.