LATEN GROUP: 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.
LATEN GROUP
Largest movements
- Cash -€8,706
down €8,706 (-73.4%), from €11,856 to €3,150
mainly Trade debts (-€23,478) and Tax, wage and social debts (-€6,305)
- Receivables within one year -€4,045
down €4,045 (-3.4%), from €117,714 to €113,669
of which Trade receivables: -€17,935
- Tangible fixed assets -€2,040
down €2,040 (-46.2%), from €4,420 to €2,380
- Trade debts -€23,478
down €23,478 (-11.3%), from €208,268 to €184,790
- Profit (loss) carried forward +€14,802
up €14,802 (+16.4%), from -€90,393 to -€75,591
- Tax, wage and social debts -€6,305
no longer reported in 2023 (was €6,305)
of which Remuneration and social security: -€4,670
- Gross operating margin +€84,252
up €84,252, from -€32,614 to €51,638
- Staff costs -€21,655
down €21,655 (-41.4%), from €52,288 to €30,633
- Depreciation +€727
up €727 (+19.3%), from €3,773 to €4,500
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,180 | €119,199 | -€14,981 | -11.2% |
| Fixed assets | 21/28 | €4,420 | €2,380 | -€2,040 | -46.2% |
| Tangible fixed assets | 22/27 | €4,420 | €2,380 | -€2,040 | -46.2% |
| Furniture and vehicles | 24 | €4,420 | €2,380 | -€2,040 | -46.2% |
| Current assets | 29/58 | €129,760 | €116,819 | -€12,941 | -10.0% |
| Amounts receivable within one year | 40/41 | €117,714 | €113,669 | -€4,045 | -3.4% |
| Trade receivables | 40 | €98,793 | €80,858 | -€17,935 | -18.2% |
| Other amounts receivable | 41 | €18,921 | €32,811 | +€13,890 | +73.4% |
| Cash at bank and in hand | 54/58 | €11,856 | €3,150 | -€8,706 | -73.4% |
| Deferred charges and accrued income | 490/1 | €190 | - | -€190 | |
| Total equity and liabilities | 10/49 | €134,180 | €119,199 | -€14,981 | -11.2% |
| Equity | 10/15 | -€80,393 | -€65,591 | +€14,802 | +18.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,393 | -€75,591 | +€14,802 | +16.4% |
| Amounts payable | 17/49 | €214,573 | €184,790 | -€29,783 | -13.9% |
| Amounts payable within one year | 42/48 | €214,573 | €184,790 | -€29,783 | -13.9% |
| Trade debts | 44 | €208,268 | €184,790 | -€23,478 | -11.3% |
| Suppliers | 440/4 | €208,268 | €184,790 | -€23,478 | -11.3% |
| Taxes, remuneration and social security | 45 | €6,305 | - | -€6,305 | |
| Taxes | 450/3 | €1,635 | - | -€1,635 | |
| Remuneration and social security | 454/9 | €4,670 | - | -€4,670 | |
| Remuneration, social security and pensions | 62 | €52,288 | €30,633 | -€21,655 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,773 | €4,500 | +€727 | +19.3% |
| Other operating charges | 640/8 | €1,156 | €1,228 | +€72 | +6.2% |
| Gross operating margin | 9900 | -€32,614 | €51,638 | +€84,252 | |
| Operating profit (loss) | 9901 | -€89,831 | €15,277 | +€105,108 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €661 | €475 | -€186 | -28.1% |
| Recurring financial charges | 65 | €661 | €475 | -€186 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€90,491 | €14,802 | +€105,293 | |
| Profit (loss) for the period | 9904 | -€90,491 | €14,802 | +€105,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,491 | €14,802 | +€105,293 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.