Lateres: 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.
What changed
Lateres
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.3m-€97,294
Equity
€8.3m
2024 · €7.1m+€1.2m
Cash
€500,872
2024 · €103,978+€396,894
Balance sheet total
€8.4m
2024 · €7.7m+€689,485
Largest movements
Assets
- Cash +€396,894
up €396,894 (+381.7%), from €103,978 to €500,872
mainly Net result for the year (+€1.2m) and Receivables within one year (+€21,652)
- Current investments +€314,242
up €314,242 (+21.6%), from €1.5m to €1.8m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+33.9%), from €3.5m to €4.7m
- Other debts -€494,360
down €494,360 (-82.2%), from €601,634 to €107,274
Income statement
- Financial charges +€130,763
up €130,763 (+661.9%), from €19,755 to €150,518
- Financial income +€40,870
up €40,870 (+3.3%), from €1.2m to €1.3m
- Services and other goods +€8,200
up €8,200 (+5.9%), from €139,461 to €147,661
- Taxes +€6,567
up €6,567 (+22.8%), from €28,756 to €35,322
- Other operating income +€4,543
up €4,543 (+26.3%), from €17,269 to €21,812
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.
Result 2024
€1.3m
Other operating income
+€4,543
Services and other goods
-€8,200
Other operating charges
+€2,823
Financial income
+€40,870
Financial charges
-€130,763
Taxes
-€6,567
Result 2025
€1.2m
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.
From operations
+€716,159
Investment
-€314,242
Financing
-€5,022
Cash 2024
€103,978
From operations (derived)
+€716,159
Net result for the year
+€1.2m
Receivables within one year
+€21,652
Trade debts
+€3,819
Tax, wage and social debts
+€5,503
Other debts
-€494,360
Accrued charges and deferred income
-€2,899
Investment (derived)
-€314,242
Current investments
-€314,242
Financing
-€5,022
Short-term financial debts
-€5,022
Cash 2025
€500,872
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,717,752 | €8,407,236 | +€689,485 | +8.9% |
| Fixed assets | 21/28 | €6,136,525 | €6,136,525 | = | 0.0% |
| Financial fixed assets | 28 | €6,136,525 | €6,136,525 | = | 0.0% |
| Affiliated companies | 280/1 | €6,136,525 | €6,136,525 | = | 0.0% |
| Participating interests | 280 | €6,136,525 | €6,136,525 | = | 0.0% |
| Current assets | 29/58 | €1,581,227 | €2,270,711 | +€689,485 | +43.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €24,878 | €3,227 | -€21,652 | -87.0% |
| Trade receivables | 40 | - | €3,227 | +€3,227 | |
| Other amounts receivable | 41 | €24,878 | €0 | -€24,878 | -100.0% |
| Current investments | 50/53 | €1,452,371 | €1,766,613 | +€314,242 | +21.6% |
| Other investments | 51/53 | €1,452,371 | €1,766,613 | +€314,242 | +21.6% |
| Cash at bank and in hand | 54/58 | €103,978 | €500,872 | +€396,894 | +381.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,717,752 | €8,407,236 | +€689,485 | +8.9% |
| Equity | 10/15 | €7,087,635 | €8,270,078 | +€1.2m | +16.7% |
| Contributions | 10/11 | €3,563,000 | €3,563,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €0 | -€40,000 | -100.0% |
| Reserves not available under the articles | 1311 | €40,000 | €0 | -€40,000 | -100.0% |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €3,484,635 | €4,667,078 | +€1.2m | +33.9% |
| Amounts payable | 17/49 | €630,117 | €137,159 | -€492,958 | -78.2% |
| Amounts payable within one year | 42/48 | €617,339 | €127,280 | -€490,060 | -79.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €11,760 | €6,738 | -€5,022 | -42.7% |
| Credit institutions | 430/8 | €11,760 | €6,738 | -€5,022 | -42.7% |
| Trade debts | 44 | €85 | €3,904 | +€3,819 | +4493.3% |
| Suppliers | 440/4 | €85 | €3,904 | +€3,819 | +4493.3% |
| Taxes, remuneration and social security | 45 | €3,860 | €9,364 | +€5,503 | +142.6% |
| Taxes | 450/3 | €3,860 | €9,364 | +€5,503 | +142.6% |
| Other amounts payable | 47/48 | €601,634 | €107,274 | -€494,360 | -82.2% |
| Accrued charges and deferred income | 492/3 | €12,778 | €9,879 | -€2,899 | -22.7% |
| Operating income | 70/76A | €240,373 | €244,916 | +€4,543 | +1.9% |
| Turnover | 70 | €223,104 | €223,104 | = | 0.0% |
| Other operating income | 74 | €17,269 | €21,812 | +€4,543 | +26.3% |
| Operating charges | 60/66A | €146,058 | €151,435 | +€5,377 | +3.7% |
| Services and other goods | 61 | €139,461 | €147,661 | +€8,200 | +5.9% |
| Other operating charges | 640/8 | €6,597 | €3,774 | -€2,823 | -42.8% |
| Operating profit (loss) | 9901 | €94,316 | €93,481 | -€834 | -0.9% |
| Financial income | 75/76B | €1,233,932 | €1,274,802 | +€40,870 | +3.3% |
| Recurring financial income | 75 | €1,233,932 | €1,274,802 | +€40,870 | +3.3% |
| Income from financial fixed assets | 750 | €1,216,017 | €1,246,897 | +€30,880 | +2.5% |
| Income from current assets | 751 | - | €307 | +€307 | |
| Other financial income | 752/9 | €17,915 | €27,598 | +€9,684 | +54.1% |
| Financial charges | 65/66B | €19,755 | €150,518 | +€130,763 | +661.9% |
| Recurring financial charges | 65 | €19,755 | €150,518 | +€130,763 | +661.9% |
| Debt charges | 650 | €8,905 | €7,852 | -€1,053 | -11.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | €91,056 | +€91,056 | |
| Other financial charges | 652/9 | €10,850 | €51,609 | +€40,760 | +375.7% |
| Profit (loss) for the period before taxes | 9903 | €1,308,493 | €1,217,766 | -€90,727 | -6.9% |
| Income taxes | 67/77 | €28,756 | €35,322 | +€6,567 | +22.8% |
| Taxes | 670/3 | €28,756 | €35,322 | +€6,567 | +22.8% |
| Profit (loss) for the period | 9904 | €1,279,737 | €1,182,443 | -€97,294 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279,737 | €1,182,443 | -€97,294 | -7.6% |
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 12 October 2026 via checked.be.