LA TOUR: 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.
LA TOUR
Largest movements
- Tangible fixed assets -€60,280
down €60,280 (-12.5%), from €482,245 to €421,965
- Receivables within one year -€8,125
no longer reported in 2025 (was €8,125)
- Other debts -€80,134
down €80,134 (-29.9%), from €268,424 to €188,289
- Profit (loss) carried forward +€39,415
up €39,415 (+7.4%), from -€529,579 to -€490,164
- Reserves -€16,466
down €16,466 (-15.9%), from €103,535 to €87,070
- Provisions -€8,110
down €8,110 (-15.9%), from €50,995 to €42,886
- Gross operating margin +€10,447
up €10,447 (+12.8%), from €81,401 to €91,848
- Other operating charges +€3,773
up €3,773 (+61.4%), from €6,142 to €9,915
- Financial charges -€1,108
down €1,108 (-12.3%), from €8,997 to €7,889
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 | €498,309 | €429,086 | -€69,222 | -13.9% |
| Fixed assets | 21/28 | €482,245 | €421,965 | -€60,280 | -12.5% |
| Tangible fixed assets | 22/27 | €482,245 | €421,965 | -€60,280 | -12.5% |
| Land and buildings | 22 | €482,245 | €421,965 | -€60,280 | -12.5% |
| Current assets | 29/58 | €16,064 | €7,122 | -€8,942 | -55.7% |
| Amounts receivable within one year | 40/41 | €8,125 | - | -€8,125 | |
| Trade receivables | 40 | €8,125 | - | -€8,125 | |
| Cash at bank and in hand | 54/58 | €6,913 | €6,087 | -€826 | -11.9% |
| Deferred charges and accrued income | 490/1 | €1,026 | €1,034 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €498,309 | €429,086 | -€69,222 | -13.9% |
| Equity | 10/15 | -€46,073 | -€24,199 | +€21,874 | +47.5% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €103,535 | €87,070 | -€16,466 | -15.9% |
| Tax-exempt reserves | 132 | €103,535 | €87,070 | -€16,466 | -15.9% |
| Profit (loss) carried forward | 14 | -€529,579 | -€490,164 | +€39,415 | +7.4% |
| Investment grants | 15 | €19,971 | €18,896 | -€1,076 | -5.4% |
| Provisions and deferred taxes | 16 | €50,995 | €42,886 | -€8,110 | -15.9% |
| Deferred taxes | 168 | €50,995 | €42,886 | -€8,110 | -15.9% |
| Amounts payable | 17/49 | €493,386 | €410,400 | -€82,986 | -16.8% |
| Amounts payable after more than one year | 17 | €215,170 | €213,640 | -€1,530 | -0.7% |
| Financial debts | 170/4 | €205,000 | €205,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,170 | €8,640 | -€1,530 | -15.0% |
| Amounts payable within one year | 42/48 | €269,234 | €188,816 | -€80,418 | -29.9% |
| Trade debts | 44 | €502 | €218 | -€283 | -56.5% |
| Suppliers | 440/4 | €502 | €218 | -€283 | -56.5% |
| Taxes, remuneration and social security | 45 | €309 | €309 | = | 0.0% |
| Taxes | 450/3 | €309 | €309 | = | 0.0% |
| Other amounts payable | 47/48 | €268,424 | €188,289 | -€80,134 | -29.9% |
| Accrued charges and deferred income | 492/3 | €8,982 | €7,944 | -€1,039 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,460 | €60,280 | +€820 | +1.4% |
| Other operating charges | 640/8 | €6,142 | €9,915 | +€3,773 | +61.4% |
| Non-recurring operating charges | 66A | €13,386 | - | -€13,386 | |
| Gross operating margin | 9900 | €81,401 | €91,848 | +€10,447 | +12.8% |
| Operating profit (loss) | 9901 | €2,413 | €21,653 | +€19,240 | +797% |
| Financial income | 75/76B | €1,540 | €1,076 | -€464 | -30.2% |
| Recurring financial income | 75 | €1,540 | €1,076 | -€464 | -30.2% |
| Financial charges | 65/66B | €8,997 | €7,889 | -€1,108 | -12.3% |
| Recurring financial charges | 65 | €8,997 | €7,889 | -€1,108 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,044 | €14,840 | +€19,883 | |
| Transfer from deferred taxes | 780 | €8,110 | €8,110 | = | 0.0% |
| Profit (loss) for the period | 9904 | €3,066 | €22,949 | +€19,883 | +649% |
| Transfer from tax-exempt reserves | 789 | €16,466 | €16,466 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,532 | €39,415 | +€19,883 | +102% |
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 23 October 2026 via checked.be.