Latem 115: 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.
Latem 115
Largest movements
- Tangible fixed assets -€25,531
down €25,531 (-11.4%), from €223,598 to €198,068
of which Other tangible fixed assets: -€23,349
- Cash +€2,841
up €2,841 (+20.4%), from €13,939 to €16,781
mainly Depreciation (+€25,531) and Receivables within one year (+€1,170)
- Other debts -€22,006
down €22,006 (-10.3%), from €213,736 to €191,730
- Gross operating margin -€7,547
down €7,547 (-23.5%), from €32,060 to €24,513
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 | €249,403 | €226,491 | -€22,912 | -9.2% |
| Fixed assets | 21/28 | €223,598 | €198,068 | -€25,531 | -11.4% |
| Tangible fixed assets | 22/27 | €223,598 | €198,068 | -€25,531 | -11.4% |
| Furniture and vehicles | 24 | €8,313 | €6,132 | -€2,182 | -26.2% |
| Other tangible fixed assets | 26 | €215,285 | €191,936 | -€23,349 | -10.8% |
| Current assets | 29/58 | €25,805 | €28,423 | +€2,618 | +10.1% |
| Amounts receivable within one year | 40/41 | €2,776 | €1,606 | -€1,170 | -42.1% |
| Trade receivables | 40 | €1,870 | €0 | -€1,870 | -100% |
| Other amounts receivable | 41 | €906 | €1,606 | +€700 | +77.3% |
| Cash at bank and in hand | 54/58 | €13,939 | €16,781 | +€2,841 | +20.4% |
| Deferred charges and accrued income | 490/1 | €9,090 | €10,037 | +€947 | +10.4% |
| Total equity and liabilities | 10/49 | €249,403 | €226,491 | -€22,912 | -9.2% |
| Equity | 10/15 | €31,096 | €29,044 | -€2,052 | -6.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,904 | -€20,956 | -€2,052 | -10.9% |
| Amounts payable | 17/49 | €218,307 | €197,447 | -€20,860 | -9.6% |
| Amounts payable within one year | 42/48 | €214,953 | €194,034 | -€20,919 | -9.7% |
| Trade debts | 44 | €1,217 | €2,304 | +€1,088 | +89.4% |
| Suppliers | 440/4 | €1,217 | €2,304 | +€1,088 | +89.4% |
| Other amounts payable | 47/48 | €213,736 | €191,730 | -€22,006 | -10.3% |
| Accrued charges and deferred income | 492/3 | €3,354 | €3,413 | +€58 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,728 | €25,531 | -€197 | -0.8% |
| Other operating charges | 640/8 | €1,068 | €995 | -€73 | -6.9% |
| Gross operating margin | 9900 | €32,060 | €24,513 | -€7,547 | -23.5% |
| Operating profit (loss) | 9901 | €5,264 | -€2,013 | -€7,277 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €5,220 | -€2,052 | -€7,272 | |
| Profit (loss) for the period | 9904 | €5,220 | -€2,052 | -€7,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,220 | -€2,052 | -€7,272 |
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 19 October 2026 via checked.be.