LATEMBERG: 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.
LATEMBERG
Largest movements
- Cash +€48,503
up €48,503 (+44.6%), from €108,672 to €157,175
mainly Other debts (+€101,732) and Net result for the year (+€44,954)
- Tangible fixed assets -€28,111
down €28,111 (-24.5%), from €114,972 to €86,861
of which Furniture and vehicles: -€23,965
- Receivables within one year -€19,478
down €19,478 (-72.0%), from €27,063 to €7,585
of which Trade receivables: -€19,206
- Other debts +€101,732
up €101,732 (+482.3%), from €21,093 to €122,825
- Reserves -€77,871
down €77,871 (-32.9%), from €236,982 to €159,111
of which Distributable reserves: -€77,871
- Debts after one year -€18,358
down €18,358 (-59.3%), from €30,937 to €12,579
- Tax, wage and social debts -€7,236
down €7,236 (-57.9%), from €12,494 to €5,259
- Current portion of long-term debt +€6,091
up €6,091 (+92.2%), from €6,604 to €12,695
- Financial charges -€10,319
down €10,319 (-95.4%), from €10,811 to €492
- Gross operating margin -€10,026
down €10,026 (-10.9%), from €92,279 to €82,253
- Depreciation +€5,444
up €5,444 (+24.0%), from €22,666 to €28,111
- Financial income +€3,395
up €3,395 (+44.7%), from €7,600 to €10,994
- Taxes -€1,899
down €1,899 (-9.5%), from €19,929 to €18,031
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 | €313,985 | €316,543 | +€2,558 | +0.8% |
| Fixed assets | 21/28 | €114,972 | €86,861 | -€28,111 | -24.5% |
| Tangible fixed assets | 22/27 | €114,972 | €86,861 | -€28,111 | -24.5% |
| Land and buildings | 22 | €15,622 | €13,482 | -€2,140 | -13.7% |
| Plant, machinery and equipment | 23 | €7,588 | €5,582 | -€2,005 | -26.4% |
| Furniture and vehicles | 24 | €91,762 | €67,797 | -€23,965 | -26.1% |
| Current assets | 29/58 | €199,013 | €229,682 | +€30,669 | +15.4% |
| Amounts receivable within one year | 40/41 | €27,063 | €7,585 | -€19,478 | -72.0% |
| Trade receivables | 40 | €19,206 | €0 | -€19,206 | -100.0% |
| Other amounts receivable | 41 | €7,856 | €7,585 | -€271 | -3.5% |
| Current investments | 50/53 | €61,501 | €62,816 | +€1,315 | +2.1% |
| Cash at bank and in hand | 54/58 | €108,672 | €157,175 | +€48,503 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,778 | €2,106 | +€329 | +18.5% |
| Total equity and liabilities | 10/49 | €313,985 | €316,543 | +€2,558 | +0.8% |
| Equity | 10/15 | €239,482 | €161,611 | -€77,871 | -32.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €236,982 | €159,111 | -€77,871 | -32.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €236,982 | €159,111 | -€77,871 | -32.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,503 | €154,932 | +€80,429 | +108.0% |
| Amounts payable after more than one year | 17 | €30,937 | €12,579 | -€18,358 | -59.3% |
| Financial debts | 170/4 | €30,937 | €12,579 | -€18,358 | -59.3% |
| Amounts payable within one year | 42/48 | €43,566 | €142,354 | +€98,787 | +226.8% |
| Current portion of amounts payable after more than one year | 42 | €6,604 | €12,695 | +€6,091 | +92.2% |
| Trade debts | 44 | €3,375 | €1,576 | -€1,800 | -53.3% |
| Suppliers | 440/4 | €3,375 | €1,576 | -€1,800 | -53.3% |
| Taxes, remuneration and social security | 45 | €12,494 | €5,259 | -€7,236 | -57.9% |
| Taxes | 450/3 | €12,494 | €5,259 | -€7,236 | -57.9% |
| Other amounts payable | 47/48 | €21,093 | €122,825 | +€101,732 | +482.3% |
| Non-recurring operating income | 76A | €14,612 | €0 | -€14,612 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,666 | €28,111 | +€5,444 | +24.0% |
| Other operating charges | 640/8 | €1,896 | €1,660 | -€236 | -12.5% |
| Gross operating margin | 9900 | €92,279 | €82,253 | -€10,026 | -10.9% |
| Operating profit (loss) | 9901 | €67,716 | €52,482 | -€15,234 | -22.5% |
| Financial income | 75/76B | €7,600 | €10,994 | +€3,395 | +44.7% |
| Recurring financial income | 75 | €7,600 | €10,994 | +€3,395 | +44.7% |
| Financial charges | 65/66B | €10,811 | €492 | -€10,319 | -95.4% |
| Recurring financial charges | 65 | €10,811 | €492 | -€10,319 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €64,504 | €62,984 | -€1,520 | -2.4% |
| Income taxes | 67/77 | €19,929 | €18,031 | -€1,899 | -9.5% |
| Profit (loss) for the period | 9904 | €44,575 | €44,954 | +€379 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,575 | €44,954 | +€379 | +0.8% |
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 5 October 2026 via checked.be.