LATAN: 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.
LATAN
Largest movements
- Cash +€48,121
up €48,121 (+62.9%), from €76,446 to €124,567
mainly Net result for the year (+€29,184) and Depreciation (+€16,229)
- Tangible fixed assets -€16,229
down €16,229 (-91.7%), from €17,695 to €1,465
of which Furniture and vehicles: -€8,792
- Reserves +€25,256
up €25,256 (+97.9%), from €25,798 to €51,054
of which Distributable reserves: +€28,514
- Profit (loss) carried forward +€3,928
up €3,928, from -€3,928 to €0
- Tax, wage and social debts +€3,768
up €3,768 (+106.9%), from €3,525 to €7,292
- Provisions -€1,369
down €1,369 (-16.7%), from €8,211 to €6,842
- Gross operating margin +€35,878
up €35,878 (+169.4%), from €21,183 to €57,060
- Taxes +€10,414
new in 2025: €10,414
- Depreciation +€5,949
up €5,949 (+57.9%), from €10,280 to €16,229
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 | €98,054 | €129,491 | +€31,436 | +32.1% |
| Fixed assets | 21/28 | €17,695 | €1,465 | -€16,229 | -91.7% |
| Tangible fixed assets | 22/27 | €17,695 | €1,465 | -€16,229 | -91.7% |
| Land and buildings | 22 | €7,437 | €0 | -€7,437 | -100.0% |
| Furniture and vehicles | 24 | €10,258 | €1,465 | -€8,792 | -85.7% |
| Current assets | 29/58 | €80,360 | €128,025 | +€47,666 | +59.3% |
| Amounts receivable within one year | 40/41 | €3,159 | €2,217 | -€943 | -29.8% |
| Trade receivables | 40 | €3,004 | €1,410 | -€1,594 | -53.1% |
| Other amounts receivable | 41 | €155 | €807 | +€652 | +421.5% |
| Cash at bank and in hand | 54/58 | €76,446 | €124,567 | +€48,121 | +62.9% |
| Deferred charges and accrued income | 490/1 | €755 | €1,242 | +€487 | +64.5% |
| Total equity and liabilities | 10/49 | €98,054 | €129,491 | +€31,436 | +32.1% |
| Equity | 10/15 | €84,370 | €113,554 | +€29,184 | +34.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €25,798 | €51,054 | +€25,256 | +97.9% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,548 | €16,290 | -€3,258 | -16.7% |
| Distributable reserves | 133 | - | €28,514 | +€28,514 | |
| Profit (loss) carried forward | 14 | -€3,928 | €0 | +€3,928 | |
| Provisions and deferred taxes | 16 | €8,211 | €6,842 | -€1,369 | -16.7% |
| Deferred taxes | 168 | €8,211 | €6,842 | -€1,369 | -16.7% |
| Amounts payable | 17/49 | €5,473 | €9,094 | +€3,621 | +66.2% |
| Amounts payable within one year | 42/48 | €5,473 | €9,094 | +€3,621 | +66.2% |
| Trade debts | 44 | €245 | €99 | -€146 | -59.7% |
| Suppliers | 440/4 | €245 | €99 | -€146 | -59.7% |
| Taxes, remuneration and social security | 45 | €3,525 | €7,292 | +€3,768 | +106.9% |
| Taxes | 450/3 | €3,525 | €7,292 | +€3,768 | +106.9% |
| Other amounts payable | 47/48 | €1,703 | €1,703 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,280 | €16,229 | +€5,949 | +57.9% |
| Other operating charges | 640/8 | €2,948 | €3,202 | +€255 | +8.6% |
| Gross operating margin | 9900 | €21,183 | €57,060 | +€35,878 | +169.4% |
| Operating profit (loss) | 9901 | €7,955 | €37,629 | +€29,674 | +373.0% |
| Financial income | 75/76B | €515 | €714 | +€199 | +38.5% |
| Recurring financial income | 75 | €515 | €714 | +€199 | +38.5% |
| Financial charges | 65/66B | €239 | €114 | -€125 | -52.4% |
| Recurring financial charges | 65 | €239 | €114 | -€125 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €8,231 | €38,229 | +€29,998 | +364.4% |
| Transfer from deferred taxes | 780 | €1,369 | €1,369 | = | 0.0% |
| Income taxes | 67/77 | - | €10,414 | +€10,414 | |
| Profit (loss) for the period | 9904 | €9,600 | €29,184 | +€19,584 | +204.0% |
| Transfer from tax-exempt reserves | 789 | €3,258 | €3,258 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,858 | €32,442 | +€19,584 | +152.3% |
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 9 October 2026 via checked.be.