LATAVERNE: 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.
LATAVERNE
Largest movements
- Tangible fixed assets -€10,390
down €10,390 (-7.9%), from €131,374 to €120,984
of which Other tangible fixed assets: -€15,256
- Receivables within one year +€10,368
up €10,368 (+115%), from €8,991 to €19,359
of which Trade receivables: +€10,765
- Cash +€4,302
up €4,302 (+22.2%), from €19,359 to €23,661
mainly Depreciation (+€19,952) and Trade debts (+€17,842)
- Deferred charges and accrued income +€3,443
up €3,443 (+94.0%), from €3,664 to €7,107
- Trade debts +€17,842
up €17,842 (+48.8%), from €36,531 to €54,373
- Profit (loss) carried forward -€12,523
down €12,523 (-167%), from -€7,493 to -€20,016
- Current portion of long-term debt +€10,511
up €10,511 (+90.7%), from €11,589 to €22,100
- Debts after one year -€10,263
down €10,263 (-14.6%), from €70,455 to €60,192
- Tax, wage and social debts +€5,965
up €5,965 (+35.8%), from €16,669 to €22,635
of which Taxes: +€6,811
- Gross operating margin -€41,701
down €41,701 (-29.7%), from €140,569 to €98,868
- Staff costs -€29,532
down €29,532 (-25.9%), from €114,111 to €84,578
- Financial charges +€1,613
up €1,613 (+45.6%), from €3,533 to €5,146
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 | €175,831 | €183,016 | +€7,186 | +4.1% |
| Fixed assets | 21/28 | €138,252 | €127,862 | -€10,390 | -7.5% |
| Tangible fixed assets | 22/27 | €131,374 | €120,984 | -€10,390 | -7.9% |
| Land and buildings | 22 | €69,000 | €69,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,559 | €18,998 | +€16,440 | +643% |
| Furniture and vehicles | 24 | €39,062 | €27,488 | -€11,574 | -29.6% |
| Other tangible fixed assets | 26 | €20,753 | €5,498 | -€15,256 | -73.5% |
| Financial fixed assets | 28 | €6,878 | €6,878 | = | 0.0% |
| Current assets | 29/58 | €37,578 | €55,154 | +€17,576 | +46.8% |
| Stocks and contracts in progress | 3 | €5,565 | €5,028 | -€536 | -9.6% |
| Stocks | 30/36 | €5,565 | €5,028 | -€536 | -9.6% |
| Amounts receivable within one year | 40/41 | €8,991 | €19,359 | +€10,368 | +115% |
| Trade receivables | 40 | €3,601 | €14,366 | +€10,765 | +299% |
| Other amounts receivable | 41 | €5,390 | €4,993 | -€398 | -7.4% |
| Cash at bank and in hand | 54/58 | €19,359 | €23,661 | +€4,302 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,664 | €7,107 | +€3,443 | +94.0% |
| Total equity and liabilities | 10/49 | €175,831 | €183,016 | +€7,186 | +4.1% |
| Equity | 10/15 | €12,967 | €444 | -€12,523 | -96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,493 | -€20,016 | -€12,523 | -167% |
| Amounts payable | 17/49 | €162,863 | €182,572 | +€19,709 | +12.1% |
| Amounts payable after more than one year | 17 | €70,455 | €60,192 | -€10,263 | -14.6% |
| Financial debts | 170/4 | €70,455 | €60,192 | -€10,263 | -14.6% |
| Amounts payable within one year | 42/48 | €92,409 | €122,381 | +€29,972 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €11,589 | €22,100 | +€10,511 | +90.7% |
| Trade debts | 44 | €36,531 | €54,373 | +€17,842 | +48.8% |
| Suppliers | 440/4 | €36,531 | €54,373 | +€17,842 | +48.8% |
| Taxes, remuneration and social security | 45 | €16,669 | €22,635 | +€5,965 | +35.8% |
| Taxes | 450/3 | €6,604 | €13,415 | +€6,811 | +103% |
| Remuneration and social security | 454/9 | €10,065 | €9,220 | -€846 | -8.4% |
| Other amounts payable | 47/48 | €27,620 | €23,273 | -€4,347 | -15.7% |
| Remuneration, social security and pensions | 62 | €114,111 | €84,578 | -€29,532 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,569 | €19,952 | +€383 | +2.0% |
| Other operating charges | 640/8 | €2,467 | €1,715 | -€752 | -30.5% |
| Non-recurring operating charges | 66A | €683 | - | -€683 | |
| Gross operating margin | 9900 | €140,569 | €98,868 | -€41,701 | -29.7% |
| Operating profit (loss) | 9901 | €3,739 | -€7,378 | -€11,116 | |
| Financial charges | 65/66B | €3,533 | €5,146 | +€1,613 | +45.6% |
| Recurring financial charges | 65 | €3,533 | €5,146 | +€1,613 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €205 | -€12,523 | -€12,729 | |
| Profit (loss) for the period | 9904 | €205 | -€12,523 | -€12,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €205 | -€12,523 | -€12,729 |
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.