LATAKIA GROUP: 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.
LATAKIA GROUP
Largest movements
- Stocks and contracts +€17,611
up €17,611 (+389%), from €4,523 to €22,133
- Tangible fixed assets +€3,179
new in 2025: €3,179
- Cash -€1,177
down €1,177 (-27.9%), from €4,217 to €3,040
mainly Stocks and contracts (-€17,611) and Investment in fixed assets (net) (-€4,250)
- Receivables within one year +€715
up €715 (+94.9%), from €753 to €1,468
of which Trade receivables: +€715
- Deferred charges and accrued income +€695
new in 2025: €695
- Trade debts +€17,181
up €17,181 (+389%), from €4,421 to €21,603
- Tax, wage and social debts +€4,408
new in 2025: €4,408
of which Remuneration and social security: +€3,125
- Profit (loss) carried forward -€1,795
down €1,795 (-357%), from -€503 to -€2,298
- Other debts +€1,228
up €1,228 (+214%), from €575 to €1,803
- Depreciation +€1,071
new in 2025: €1,071
- Gross operating margin +€824
up €824, from -€367 to €457
- Other operating charges +€633
new in 2025: €633
- Financial charges +€413
up €413 (+303%), from €136 to €549
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 | €9,493 | €30,515 | +€21,022 | +221% |
| Fixed assets | 21/28 | - | €3,179 | +€3,179 | |
| Tangible fixed assets | 22/27 | - | €3,179 | +€3,179 | |
| Furniture and vehicles | 24 | - | €3,179 | +€3,179 | |
| Current assets | 29/58 | €9,493 | €27,336 | +€17,843 | +188% |
| Stocks and contracts in progress | 3 | €4,523 | €22,133 | +€17,611 | +389% |
| Stocks | 30/36 | €4,523 | €22,133 | +€17,611 | +389% |
| Amounts receivable within one year | 40/41 | €753 | €1,468 | +€715 | +94.9% |
| Trade receivables | 40 | €401 | €1,116 | +€715 | +178% |
| Other amounts receivable | 41 | €353 | €353 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,217 | €3,040 | -€1,177 | -27.9% |
| Deferred charges and accrued income | 490/1 | - | €695 | +€695 | |
| Total equity and liabilities | 10/49 | €9,493 | €30,515 | +€21,022 | +221% |
| Equity | 10/15 | €4,497 | €2,702 | -€1,795 | -39.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€503 | -€2,298 | -€1,795 | -357% |
| Amounts payable | 17/49 | €4,996 | €27,813 | +€22,817 | +457% |
| Amounts payable within one year | 42/48 | €4,996 | €27,813 | +€22,817 | +457% |
| Trade debts | 44 | €4,421 | €21,603 | +€17,181 | +389% |
| Suppliers | 440/4 | €4,421 | €21,603 | +€17,181 | +389% |
| Taxes, remuneration and social security | 45 | - | €4,408 | +€4,408 | |
| Taxes | 450/3 | - | €1,283 | +€1,283 | |
| Remuneration and social security | 454/9 | - | €3,125 | +€3,125 | |
| Other amounts payable | 47/48 | €575 | €1,803 | +€1,228 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,071 | +€1,071 | |
| Other operating charges | 640/8 | - | €633 | +€633 | |
| Gross operating margin | 9900 | -€367 | €457 | +€824 | |
| Operating profit (loss) | 9901 | -€367 | -€1,246 | -€880 | -240% |
| Financial charges | 65/66B | €136 | €549 | +€413 | +303% |
| Recurring financial charges | 65 | €136 | €549 | +€413 | +303% |
| Profit (loss) for the period before taxes | 9903 | -€503 | -€1,795 | -€1,292 | -257% |
| Profit (loss) for the period | 9904 | -€503 | -€1,795 | -€1,292 | -257% |
| Profit (loss) for the period to be appropriated | 9905 | -€503 | -€1,795 | -€1,292 | -257% |
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 27 October 2026 via checked.be.