LATENTIA: 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.
LATENTIA
Largest movements
- Cash +€84,771
up €84,771 (+1,040%), from €8,153 to €92,924
mainly Net result for the year (+€52,552) and Current investments (+€28,880)
- Current investments -€28,880
down €28,880 (-47.4%), from €60,915 to €32,035
- Tangible fixed assets +€11,844
new in 2025: €11,844
- Profit (loss) carried forward +€52,552
up €52,552 (+88.9%), from €59,131 to €111,683
- Tax, wage and social debts +€13,389
up €13,389 (+90.6%), from €14,783 to €28,172
- Trade debts +€1,746
up €1,746 (+819%), from €213 to €1,959
- Financial charges +€6,324
up €6,324 (+724%), from €874 to €7,198
- Gross operating margin -€5,720
down €5,720 (-7.7%), from €74,615 to €68,895
- Financial income +€5,658
up €5,658 (+951%), from €595 to €6,253
- Depreciation +€1,737
new in 2025: €1,737
- Taxes -€1,462
down €1,462 (-9.9%), from €14,783 to €13,321
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 | €77,128 | €146,271 | +€69,143 | +89.6% |
| Fixed assets | 21/28 | - | €11,844 | +€11,844 | |
| Tangible fixed assets | 22/27 | - | €11,844 | +€11,844 | |
| Furniture and vehicles | 24 | - | €11,844 | +€11,844 | |
| Current assets | 29/58 | €77,128 | €134,427 | +€57,299 | +74.3% |
| Amounts receivable within one year | 40/41 | €8,059 | €9,463 | +€1,404 | +17.4% |
| Trade receivables | 40 | €5,755 | €8,700 | +€2,945 | +51.2% |
| Other amounts receivable | 41 | €2,304 | €763 | -€1,541 | -66.9% |
| Current investments | 50/53 | €60,915 | €32,035 | -€28,880 | -47.4% |
| Cash at bank and in hand | 54/58 | €8,153 | €92,924 | +€84,771 | +1,040% |
| Deferred charges and accrued income | 490/1 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €77,128 | €146,271 | +€69,143 | +89.6% |
| Equity | 10/15 | €62,131 | €114,683 | +€52,552 | +84.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,131 | €111,683 | +€52,552 | +88.9% |
| Amounts payable | 17/49 | €14,996 | €31,587 | +€16,591 | +111% |
| Amounts payable within one year | 42/48 | €14,996 | €31,587 | +€16,591 | +111% |
| Financial debts | 43 | - | €172 | +€172 | |
| Credit institutions | 430/8 | - | €172 | +€172 | |
| Trade debts | 44 | €213 | €1,959 | +€1,746 | +819% |
| Suppliers | 440/4 | €213 | €1,959 | +€1,746 | +819% |
| Taxes, remuneration and social security | 45 | €14,783 | €28,172 | +€13,389 | +90.6% |
| Taxes | 450/3 | €14,783 | €28,172 | +€13,389 | +90.6% |
| Other amounts payable | 47/48 | - | €1,284 | +€1,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,737 | +€1,737 | |
| Other operating charges | 640/8 | €422 | €340 | -€82 | -19.4% |
| Gross operating margin | 9900 | €74,615 | €68,895 | -€5,720 | -7.7% |
| Operating profit (loss) | 9901 | €74,193 | €66,818 | -€7,375 | -9.9% |
| Financial income | 75/76B | €595 | €6,253 | +€5,658 | +951% |
| Recurring financial income | 75 | €595 | €6,253 | +€5,658 | +951% |
| Financial charges | 65/66B | €874 | €7,198 | +€6,324 | +724% |
| Recurring financial charges | 65 | €874 | €7,198 | +€6,324 | +724% |
| Profit (loss) for the period before taxes | 9903 | €73,914 | €65,873 | -€8,041 | -10.9% |
| Income taxes | 67/77 | €14,783 | €13,321 | -€1,462 | -9.9% |
| Profit (loss) for the period | 9904 | €59,131 | €52,552 | -€6,580 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,131 | €52,552 | -€6,580 | -11.1% |
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.