LAT WORX: 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.
LAT WORX
Largest movements
- Cash -€111,181
down €111,181 (-80.5%), from €138,090 to €26,908
mainly Debts after one year (-€94,050) and Tax, wage and social debts (-€34,128)
- Stocks and contracts +€34,104
up €34,104, from €0 to €34,104
- Tangible fixed assets -€29,338
down €29,338 (-1.3%), from €2.3m to €2.3m
of which Furniture and vehicles: -€27,822
- Receivables within one year +€27,074
up €27,074 (+12.1%), from €223,925 to €250,999
of which Other amounts receivable: +€15,645
- Profit (loss) carried forward +€97,604
up €97,604, from €0 to €97,604
- Debts after one year -€94,050
down €94,050 (-4.9%), from €1.9m to €1.8m
- Tax, wage and social debts -€34,128
down €34,128 (-53.5%), from €63,788 to €29,659
of which Taxes: -€31,128
- Other debts -€31,100
down €31,100 (-100%), from €31,100 to €0
- Depreciation -€71,235
down €71,235 (-70.8%), from €100,572 to €29,338
- Gross operating margin +€54,060
up €54,060 (+26.2%), from €206,206 to €260,267
- Taxes +€35,687
up €35,687 (+1,246%), from €2,865 to €38,552
- Financial income +€11,159
up €11,159 (+696%), from €1,604 to €12,763
- Other operating charges +€10,939
up €10,939 (+54.4%), from €20,100 to €31,039
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 | €2,688,008 | €2,609,303 | -€78,705 | -2.9% |
| Fixed assets | 21/28 | €2,322,372 | €2,293,034 | -€29,338 | -1.3% |
| Tangible fixed assets | 22/27 | €2,322,038 | €2,292,701 | -€29,338 | -1.3% |
| Land and buildings | 22 | €2,230,571 | €2,230,571 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,886 | €3,012 | -€874 | -22.5% |
| Furniture and vehicles | 24 | €83,344 | €55,522 | -€27,822 | -33.4% |
| Other tangible fixed assets | 26 | €4,237 | €3,596 | -€641 | -15.1% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €365,636 | €316,269 | -€49,367 | -13.5% |
| Stocks and contracts in progress | 3 | €0 | €34,104 | +€34,104 | |
| Stocks | 30/36 | €0 | €34,104 | +€34,104 | |
| Amounts receivable within one year | 40/41 | €223,925 | €250,999 | +€27,074 | +12.1% |
| Trade receivables | 40 | €46,182 | €57,611 | +€11,429 | +24.7% |
| Other amounts receivable | 41 | €177,743 | €193,388 | +€15,645 | +8.8% |
| Cash at bank and in hand | 54/58 | €138,090 | €26,908 | -€111,181 | -80.5% |
| Deferred charges and accrued income | 490/1 | €3,621 | €4,258 | +€637 | +17.6% |
| Total equity and liabilities | 10/49 | €2,688,008 | €2,609,303 | -€78,705 | -2.9% |
| Equity | 10/15 | €520,917 | €618,521 | +€97,604 | +18.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €420,917 | €420,917 | = | 0.0% |
| Distributable reserves | 133 | €420,917 | €420,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €97,604 | +€97,604 | |
| Amounts payable | 17/49 | €2,167,091 | €1,990,782 | -€176,308 | -8.1% |
| Amounts payable after more than one year | 17 | €1,926,802 | €1,832,752 | -€94,050 | -4.9% |
| Financial debts | 170/4 | €1,926,802 | €1,832,752 | -€94,050 | -4.9% |
| Amounts payable within one year | 42/48 | €238,147 | €156,830 | -€81,317 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €120,869 | €121,303 | +€434 | +0.4% |
| Financial debts | 43 | €561 | €0 | -€561 | -100% |
| Credit institutions | 430/8 | €561 | €0 | -€561 | -100% |
| Trade debts | 44 | €21,829 | €5,868 | -€15,961 | -73.1% |
| Suppliers | 440/4 | €21,829 | €5,868 | -€15,961 | -73.1% |
| Taxes, remuneration and social security | 45 | €63,788 | €29,659 | -€34,128 | -53.5% |
| Taxes | 450/3 | €60,788 | €29,659 | -€31,128 | -51.2% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €31,100 | €0 | -€31,100 | -100% |
| Accrued charges and deferred income | 492/3 | €2,142 | €1,200 | -€942 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,572 | €29,338 | -€71,235 | -70.8% |
| Other operating charges | 640/8 | €20,100 | €31,039 | +€10,939 | +54.4% |
| Gross operating margin | 9900 | €206,206 | €260,267 | +€54,060 | +26.2% |
| Operating profit (loss) | 9901 | €85,535 | €199,890 | +€114,356 | +134% |
| Financial income | 75/76B | €1,604 | €12,763 | +€11,159 | +696% |
| Recurring financial income | 75 | €1,604 | €12,763 | +€11,159 | +696% |
| Financial charges | 65/66B | €80,808 | €76,497 | -€4,311 | -5.3% |
| Recurring financial charges | 65 | €80,808 | €76,497 | -€4,311 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,331 | €136,156 | +€129,826 | +2,051% |
| Income taxes | 67/77 | €2,865 | €38,552 | +€35,687 | +1,246% |
| Profit (loss) for the period | 9904 | €3,465 | €97,604 | +€94,138 | +2,717% |
| Profit (loss) for the period to be appropriated | 9905 | €3,465 | €97,604 | +€94,138 | +2,717% |
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 21 October 2026 via checked.be.