LaTerra: 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.
LaTerra
Largest movements
- Cash -€24,802
down €24,802 (-15.0%), from €164,875 to €140,073
mainly Contributions, distributions and other (-€70,000) and Trade debts (-€19,622)
- Receivables within one year -€21,928
down €21,928 (-76.7%), from €28,607 to €6,678
of which Trade receivables: -€23,934
- Tangible fixed assets -€8,850
down €8,850 (-42.0%), from €21,082 to €12,232
of which Other tangible fixed assets: -€5,081
- Reserves -€67,613
down €67,613 (-67.6%), from €100,084 to €32,471
- Trade debts -€19,622
down €19,622 (-92.3%), from €21,268 to €1,647
- Other debts +€17,611
up €17,611 (+23.5%), from €75,000 to €92,611
- Tax, wage and social debts +€13,704
new in 2025: €13,704
- Financial charges -€1,616
down €1,616 (-80.4%), from €2,011 to €395
- Other operating charges +€950
up €950 (+118.0%), from €805 to €1,755
- Taxes +€867
up €867 (+47.4%), from €1,831 to €2,699
- Gross operating margin -€809
down €809 (-4.7%), from €17,118 to €16,309
- Staff costs -€368
down €368 (-62.2%), from €591 to €224
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 | €214,903 | €158,983 | -€55,919 | -26.0% |
| Fixed assets | 21/28 | €21,082 | €12,232 | -€8,850 | -42.0% |
| Tangible fixed assets | 22/27 | €21,082 | €12,232 | -€8,850 | -42.0% |
| Furniture and vehicles | 24 | €9,284 | €5,516 | -€3,768 | -40.6% |
| Other tangible fixed assets | 26 | €11,797 | €6,716 | -€5,081 | -43.1% |
| Current assets | 29/58 | €193,821 | €146,751 | -€47,070 | -24.3% |
| Amounts receivable within one year | 40/41 | €28,607 | €6,678 | -€21,928 | -76.7% |
| Trade receivables | 40 | €24,131 | €197 | -€23,934 | -99.2% |
| Other amounts receivable | 41 | €4,476 | €6,482 | +€2,006 | +44.8% |
| Cash at bank and in hand | 54/58 | €164,875 | €140,073 | -€24,802 | -15.0% |
| Deferred charges and accrued income | 490/1 | €339 | - | -€339 | |
| Total equity and liabilities | 10/49 | €214,903 | €158,983 | -€55,919 | -26.0% |
| Equity | 10/15 | €118,634 | €51,021 | -€67,613 | -57.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €100,084 | €32,471 | -€67,613 | -67.6% |
| Distributable reserves | 133 | €100,084 | €32,471 | -€67,613 | -67.6% |
| Amounts payable | 17/49 | €96,268 | €107,962 | +€11,694 | +12.1% |
| Amounts payable within one year | 42/48 | €96,268 | €107,962 | +€11,694 | +12.1% |
| Trade debts | 44 | €21,268 | €1,647 | -€19,622 | -92.3% |
| Suppliers | 440/4 | €21,268 | €1,647 | -€19,622 | -92.3% |
| Taxes, remuneration and social security | 45 | - | €13,704 | +€13,704 | |
| Taxes | 450/3 | - | €13,704 | +€13,704 | |
| Other amounts payable | 47/48 | €75,000 | €92,611 | +€17,611 | +23.5% |
| Remuneration, social security and pensions | 62 | €591 | €224 | -€368 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,162 | €8,850 | -€313 | -3.4% |
| Other operating charges | 640/8 | €805 | €1,755 | +€950 | +118.0% |
| Gross operating margin | 9900 | €17,118 | €16,309 | -€809 | -4.7% |
| Operating profit (loss) | 9901 | €6,559 | €5,481 | -€1,078 | -16.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €2,011 | €395 | -€1,616 | -80.4% |
| Recurring financial charges | 65 | €2,011 | €395 | -€1,616 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €4,549 | €5,086 | +€537 | +11.8% |
| Income taxes | 67/77 | €1,831 | €2,699 | +€867 | +47.4% |
| Profit (loss) for the period | 9904 | €2,718 | €2,387 | -€331 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,718 | €2,387 | -€331 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.