Latem Interior Projects: 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.
Latem Interior Projects
Largest movements
- Stocks and contracts -€75,953
down €75,953 (-80.8%), from €94,035 to €18,082
- Receivables within one year -€28,577
down €28,577 (-47.9%), from €59,615 to €31,038
of which Trade receivables: -€28,607
- Financial fixed assets -€11,400
down €11,400 (-100.0%), from €11,400 to €0
- Cash -€6,145
down €6,145 (-41.0%), from €14,976 to €8,831
mainly Trade debts (-€85,752) and Debts after one year (-€61,471)
- Trade debts -€85,752
down €85,752 (-79.9%), from €107,356 to €21,604
- Debts after one year -€61,471
down €61,471 (-57.3%), from €107,315 to €45,844
- Profit (loss) carried forward +€15,786
up €15,786 (+27.3%), from -€57,859 to -€42,072
- Tax, wage and social debts +€5,370
up €5,370 (+191.7%), from €2,801 to €8,171
of which Taxes: +€5,439
- Accrued charges and deferred income +€3,384
up €3,384 (+30.7%), from €11,019 to €14,403
- Gross operating margin +€23,780
up €23,780 (+454.9%), from €5,228 to €29,007
- Write-downs +€11,278
new in 2025: €11,278
- Staff costs -€7,548
down €7,548 (-98.0%), from €7,703 to €155
- Financial income -€2,029
down €2,029 (-48.1%), from €4,218 to €2,189
- Other operating charges -€1,163
down €1,163 (-84.8%), from €1,371 to €208
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 | €180,633 | €57,950 | -€122,683 | -67.9% |
| Fixed assets | 21/28 | €11,400 | €0 | -€11,400 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €11,400 | €0 | -€11,400 | -100.0% |
| Current assets | 29/58 | €169,233 | €57,950 | -€111,283 | -65.8% |
| Stocks and contracts in progress | 3 | €94,035 | €18,082 | -€75,953 | -80.8% |
| Stocks | 30/36 | €94,035 | €18,082 | -€75,953 | -80.8% |
| Amounts receivable within one year | 40/41 | €59,615 | €31,038 | -€28,577 | -47.9% |
| Trade receivables | 40 | €59,615 | €31,007 | -€28,607 | -48.0% |
| Other amounts receivable | 41 | €0 | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | €14,976 | €8,831 | -€6,145 | -41.0% |
| Deferred charges and accrued income | 490/1 | €608 | €0 | -€608 | -100.0% |
| Total equity and liabilities | 10/49 | €180,633 | €57,950 | -€122,683 | -67.9% |
| Equity | 10/15 | -€47,859 | -€32,072 | +€15,786 | +33.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,859 | -€42,072 | +€15,786 | +27.3% |
| Amounts payable | 17/49 | €228,492 | €90,023 | -€138,469 | -60.6% |
| Amounts payable after more than one year | 17 | €107,315 | €45,844 | -€61,471 | -57.3% |
| Other amounts payable | 178/9 | €107,315 | €45,844 | -€61,471 | -57.3% |
| Amounts payable within one year | 42/48 | €110,158 | €29,776 | -€80,382 | -73.0% |
| Trade debts | 44 | €107,356 | €21,604 | -€85,752 | -79.9% |
| Suppliers | 440/4 | €107,356 | €21,604 | -€85,752 | -79.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,801 | €8,171 | +€5,370 | +191.7% |
| Taxes | 450/3 | €2,732 | €8,171 | +€5,439 | +199.1% |
| Remuneration and social security | 454/9 | €69 | €0 | -€69 | -100.0% |
| Accrued charges and deferred income | 492/3 | €11,019 | €14,403 | +€3,384 | +30.7% |
| Remuneration, social security and pensions | 62 | €7,703 | €155 | -€7,548 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,278 | +€11,278 | |
| Other operating charges | 640/8 | €1,371 | €208 | -€1,163 | -84.8% |
| Non-recurring operating charges | 66A | €3,495 | €0 | -€3,495 | -100.0% |
| Gross operating margin | 9900 | €5,228 | €29,007 | +€23,780 | +454.9% |
| Operating profit (loss) | 9901 | -€7,342 | €17,365 | +€24,707 | |
| Financial income | 75/76B | €4,218 | €2,189 | -€2,029 | -48.1% |
| Recurring financial income | 75 | €4,218 | €2,189 | -€2,029 | -48.1% |
| Financial charges | 65/66B | €4,839 | €3,768 | -€1,071 | -22.1% |
| Recurring financial charges | 65 | €4,839 | €3,768 | -€1,071 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,963 | €15,786 | +€23,749 | |
| Profit (loss) for the period | 9904 | -€7,963 | €15,786 | +€23,749 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,963 | €15,786 | +€23,749 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.