LATEMSE EPOXY: what changed
LATEMSE EPOXY
Largest movements
- Receivables within one year +€102,653
up €102,653 (+88.0%), from €116,691 to €219,344
of which Other amounts receivable: +€52,264
- Tangible fixed assets +€21,603
up €21,603 (+112%), from €19,222 to €40,826
of which Furniture and vehicles: +€13,640
- Cash -€4,504
no longer reported in 2025 (was €4,504)
mainly Receivables within one year (-€102,653) and Investment in fixed assets (net) (-€29,243)
- Advances received +€42,304
up €42,304 (+4,932%), from €858 to €43,162
- Profit (loss) carried forward +€39,880
up €39,880 (+45.0%), from €88,720 to €128,600
- Tax, wage and social debts +€18,406
up €18,406 (+225%), from €8,169 to €26,575
of which Taxes: +€12,657
- Accrued charges and deferred income +€14,250
new in 2025: €14,250
- Short-term financial debts +€6,282
new in 2025: €6,282
- Depreciation +€6,338
up €6,338 (+334%), from €1,899 to €8,238
- Other operating charges -€3,383
down €3,383 (-77.2%), from €4,383 to €1,001
- Staff costs -€3,019
down €3,019 (-17.0%), from €17,810 to €14,791
- Financial income +€1,474
up €1,474 (+70.8%), from €2,082 to €3,556
- Gross operating margin -€1,446
down €1,446 (-1.9%), from €77,328 to €75,882
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,515 | €262,669 | +€119,155 | +83.0% |
| Fixed assets | 21/28 | €22,320 | €43,326 | +€21,005 | +94.1% |
| Tangible fixed assets | 22/27 | €19,222 | €40,826 | +€21,603 | +112% |
| Plant, machinery and equipment | 23 | €1,985 | €9,949 | +€7,964 | +401% |
| Furniture and vehicles | 24 | €17,237 | €30,877 | +€13,640 | +79.1% |
| Financial fixed assets | 28 | €3,098 | €2,500 | -€598 | -19.3% |
| Current assets | 29/58 | €121,194 | €219,344 | +€98,149 | +81.0% |
| Amounts receivable within one year | 40/41 | €116,691 | €219,344 | +€102,653 | +88.0% |
| Trade receivables | 40 | €69,274 | €119,663 | +€50,389 | +72.7% |
| Other amounts receivable | 41 | €47,417 | €99,681 | +€52,264 | +110% |
| Cash at bank and in hand | 54/58 | €4,504 | - | -€4,504 | |
| Total equity and liabilities | 10/49 | €143,515 | €262,669 | +€119,155 | +83.0% |
| Equity | 10/15 | €96,780 | €136,660 | +€39,880 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,720 | €128,600 | +€39,880 | +45.0% |
| Amounts payable | 17/49 | €46,735 | €126,010 | +€79,275 | +170% |
| Amounts payable within one year | 42/48 | €46,735 | €111,760 | +€65,025 | +139% |
| Financial debts | 43 | - | €6,282 | +€6,282 | |
| Credit institutions | 430/8 | - | €6,282 | +€6,282 | |
| Trade debts | 44 | €37,708 | €35,741 | -€1,967 | -5.2% |
| Suppliers | 440/4 | €37,708 | €35,741 | -€1,967 | -5.2% |
| Advances received on contracts in progress | 46 | €858 | €43,162 | +€42,304 | +4,932% |
| Taxes, remuneration and social security | 45 | €8,169 | €26,575 | +€18,406 | +225% |
| Taxes | 450/3 | €4,178 | €16,836 | +€12,657 | +303% |
| Remuneration and social security | 454/9 | €3,991 | €9,739 | +€5,748 | +144% |
| Accrued charges and deferred income | 492/3 | - | €14,250 | +€14,250 | |
| Non-recurring operating income | 76A | €7,413 | - | -€7,413 | |
| Remuneration, social security and pensions | 62 | €17,810 | €14,791 | -€3,019 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,899 | €8,238 | +€6,338 | +334% |
| Other operating charges | 640/8 | €4,383 | €1,001 | -€3,383 | -77.2% |
| Gross operating margin | 9900 | €77,328 | €75,882 | -€1,446 | -1.9% |
| Operating profit (loss) | 9901 | €53,235 | €51,853 | -€1,383 | -2.6% |
| Financial income | 75/76B | €2,082 | €3,556 | +€1,474 | +70.8% |
| Recurring financial income | 75 | €2,082 | €3,556 | +€1,474 | +70.8% |
| Financial charges | 65/66B | €1,666 | €1,220 | -€446 | -26.7% |
| Recurring financial charges | 65 | €1,666 | €1,220 | -€446 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €53,651 | €54,188 | +€537 | +1.0% |
| Income taxes | 67/77 | €13,217 | €12,590 | -€627 | -4.7% |
| Profit (loss) for the period | 9904 | €40,434 | €41,598 | +€1,164 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,434 | €41,598 | +€1,164 | +2.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.