LATES: 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.
LATES
Largest movements
- Cash +€23,741
up €23,741 (+41.3%), from €57,513 to €81,254
mainly Net result for the year (+€37,164) and Depreciation (+€8,385)
- Receivables within one year +€19,980
up €19,980 (+181.5%), from €11,008 to €30,989
of which Trade receivables: +€20,719
- Reserves +€37,164
up €37,164 (+10.0%), from €370,249 to €407,413
of which Distributable reserves: +€37,164
- Gross operating margin +€9,038
up €9,038 (+8.6%), from €105,588 to €114,625
- Taxes +€2,626
up €2,626 (+15.7%), from €16,740 to €19,366
- Other operating charges +€1,288
up €1,288 (+16.7%), from €7,723 to €9,011
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 | €1,897,376 | €1,937,943 | +€40,567 | +2.1% |
| Fixed assets | 21/28 | €1,828,855 | €1,825,700 | -€3,155 | -0.2% |
| Tangible fixed assets | 22/27 | €1,828,855 | €1,825,700 | -€3,155 | -0.2% |
| Land and buildings | 22 | €1,828,537 | €1,821,008 | -€7,529 | -0.4% |
| Plant, machinery and equipment | 23 | - | €3,076 | +€3,076 | |
| Furniture and vehicles | 24 | €318 | €1,616 | +€1,298 | +408.8% |
| Current assets | 29/58 | €68,521 | €112,243 | +€43,722 | +63.8% |
| Amounts receivable within one year | 40/41 | €11,008 | €30,989 | +€19,980 | +181.5% |
| Trade receivables | 40 | €10,269 | €30,989 | +€20,719 | +201.8% |
| Other amounts receivable | 41 | €739 | - | -€739 | |
| Cash at bank and in hand | 54/58 | €57,513 | €81,254 | +€23,741 | +41.3% |
| Total equity and liabilities | 10/49 | €1,897,376 | €1,937,943 | +€40,567 | +2.1% |
| Equity | 10/15 | €1,305,249 | €1,342,413 | +€37,164 | +2.8% |
| Contributions | 10/11 | €199,000 | €199,000 | = | 0.0% |
| Capital | 10 | €199,000 | €199,000 | = | 0.0% |
| Issued capital | 100 | €199,000 | €199,000 | = | 0.0% |
| Revaluation surpluses | 12 | €736,000 | €736,000 | = | 0.0% |
| Reserves | 13 | €370,249 | €407,413 | +€37,164 | +10.0% |
| Non-distributable reserves | 130/1 | €19,900 | €19,900 | = | 0.0% |
| Legal reserve | 130 | €19,900 | €19,900 | = | 0.0% |
| Distributable reserves | 133 | €350,349 | €387,513 | +€37,164 | +10.6% |
| Amounts payable | 17/49 | €592,127 | €595,530 | +€3,404 | +0.6% |
| Amounts payable after more than one year | 17 | €555,000 | €555,000 | = | 0.0% |
| Financial debts | 170/4 | €555,000 | €555,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,127 | €40,530 | +€3,404 | +9.2% |
| Trade debts | 44 | €8,297 | €6,404 | -€1,893 | -22.8% |
| Suppliers | 440/4 | €8,297 | €6,404 | -€1,893 | -22.8% |
| Taxes, remuneration and social security | 45 | €15,629 | €23,702 | +€8,073 | +51.7% |
| Taxes | 450/3 | €15,629 | €20,102 | +€4,473 | +28.6% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €13,200 | €10,424 | -€2,776 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,875 | €8,385 | +€509 | +6.5% |
| Other operating charges | 640/8 | €7,723 | €9,011 | +€1,288 | +16.7% |
| Gross operating margin | 9900 | €105,588 | €114,625 | +€9,038 | +8.6% |
| Operating profit (loss) | 9901 | €89,989 | €97,229 | +€7,240 | +8.0% |
| Financial charges | 65/66B | €39,643 | €40,700 | +€1,057 | +2.7% |
| Recurring financial charges | 65 | €39,643 | €40,700 | +€1,057 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €50,346 | €56,530 | +€6,184 | +12.3% |
| Income taxes | 67/77 | €16,740 | €19,366 | +€2,626 | +15.7% |
| Profit (loss) for the period | 9904 | €33,606 | €37,164 | +€3,557 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,606 | €37,164 | +€3,557 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.