LATEHA: what changed
Two fiscal 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.
LATEHA
Largest movements
- Tangible fixed assets -€26,789
down €26,789 (-4.2%), from €643,261 to €616,472
of which Land and buildings: -€24,972
- Receivables within one year +€6,752
up €6,752 (+355.5%), from €1,899 to €8,651
of which Trade receivables: +€6,752
- Other debts -€264,398
down €264,398 (-100.0%), from €264,398 to €0
- Debts after one year +€248,621
up €248,621 (+75.2%), from €330,556 to €579,177
- Gross operating margin -€6,694
down €6,694 (-12.4%), from €53,973 to €47,279
- Financial charges -€804
down €804 (-3.4%), from €23,536 to €22,732
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 | €647,727 | €628,509 | -€19,217 | -3.0% |
| Fixed assets | 21/28 | €643,261 | €616,472 | -€26,789 | -4.2% |
| Tangible fixed assets | 22/27 | €643,261 | €616,472 | -€26,789 | -4.2% |
| Land and buildings | 22 | €637,799 | €612,827 | -€24,972 | -3.9% |
| Furniture and vehicles | 24 | €5,462 | €3,645 | -€1,817 | -33.3% |
| Current assets | 29/58 | €4,465 | €12,037 | +€7,572 | +169.6% |
| Amounts receivable within one year | 40/41 | €1,899 | €8,651 | +€6,752 | +355.5% |
| Trade receivables | 40 | €1,779 | €8,531 | +€6,752 | +379.5% |
| Other amounts receivable | 41 | €120 | €120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,058 | €2,862 | +€804 | +39.1% |
| Deferred charges and accrued income | 490/1 | €508 | €524 | +€16 | +3.1% |
| Total equity and liabilities | 10/49 | €647,727 | €628,509 | -€19,217 | -3.0% |
| Equity | 10/15 | -€14,441 | -€20,584 | -€6,143 | -42.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,441 | -€40,584 | -€6,143 | -17.8% |
| Amounts payable | 17/49 | €662,168 | €649,093 | -€13,075 | -2.0% |
| Amounts payable after more than one year | 17 | €330,556 | €579,177 | +€248,621 | +75.2% |
| Financial debts | 170/4 | €330,556 | €579,177 | +€248,621 | +75.2% |
| Amounts payable within one year | 42/48 | €331,612 | €69,916 | -€261,696 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €58,239 | €59,370 | +€1,132 | +1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,809 | €7,299 | +€1,490 | +25.7% |
| Suppliers | 440/4 | €5,809 | €7,299 | +€1,490 | +25.7% |
| Taxes, remuneration and social security | 45 | €3,166 | €3,247 | +€80 | +2.5% |
| Taxes | 450/3 | €3,166 | €3,247 | +€80 | +2.5% |
| Other amounts payable | 47/48 | €264,398 | €0 | -€264,398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,789 | €26,789 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,782 | €3,900 | +€118 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,973 | €47,279 | -€6,694 | -12.4% |
| Operating profit (loss) | 9901 | €23,402 | €16,589 | -€6,813 | -29.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €23,536 | €22,732 | -€804 | -3.4% |
| Recurring financial charges | 65 | €23,536 | €22,732 | -€804 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€129 | -€6,143 | -€6,013 | -4646.8% |
| Profit (loss) for the period | 9904 | -€129 | -€6,143 | -€6,013 | -4646.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€129 | -€6,143 | -€6,013 | -4646.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.