LATET GEERT: what changed
LATET GEERT
Largest movements
- Tangible fixed assets +€2,699
up €2,699 (+1,122%), from €241 to €2,939
of which Furniture and vehicles: +€2,714
- Receivables within one year -€1,041
down €1,041 (-20.1%), from €5,187 to €4,146
of which Trade receivables: -€1,890
- Cash +€673
up €673 (+164%), from €410 to €1,083
mainly Short-term financial debts (+€1,329) and Receivables within one year (+€1,041)
- Deferred charges and accrued income -€376
down €376 (-39.6%), from €951 to €575
- Short-term financial debts +€1,329
up €1,329 (+11.9%), from €11,171 to €12,499
- Other debts -€1,272
down €1,272 (-100%), from €1,272 to €0
- Profit (loss) carried forward +€968
up €968 (+4.3%), from -€22,475 to -€21,508
- Trade debts +€857
up €857 (+20.6%), from €4,156 to €5,013
- Gross operating margin +€10,869
up €10,869, from -€4,147 to €6,722
- Other operating charges +€823
up €823 (+45.9%), from €1,792 to €2,615
- Depreciation +€524
up €524 (+172%), from €305 to €830
- Staff costs -€370
down €370 (-100%), from €370 to €0
- Financial charges -€279
down €279 (-11.4%), from €2,447 to €2,168
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,789 | €24,743 | +€1,954 | +8.6% |
| Fixed assets | 21/28 | €241 | €2,939 | +€2,699 | +1,122% |
| Tangible fixed assets | 22/27 | €241 | €2,939 | +€2,699 | +1,122% |
| Plant, machinery and equipment | 23 | €241 | €0 | -€241 | -100% |
| Furniture and vehicles | 24 | - | €2,714 | +€2,714 | |
| Other tangible fixed assets | 26 | - | €225 | +€225 | |
| Current assets | 29/58 | €22,548 | €21,804 | -€745 | -3.3% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,187 | €4,146 | -€1,041 | -20.1% |
| Trade receivables | 40 | €4,340 | €2,450 | -€1,890 | -43.5% |
| Other amounts receivable | 41 | €847 | €1,696 | +€849 | +100% |
| Cash at bank and in hand | 54/58 | €410 | €1,083 | +€673 | +164% |
| Deferred charges and accrued income | 490/1 | €951 | €575 | -€376 | -39.6% |
| Total equity and liabilities | 10/49 | €22,789 | €24,743 | +€1,954 | +8.6% |
| Equity | 10/15 | €6,057 | €7,024 | +€968 | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,132 | €16,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,272 | €14,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,475 | -€21,508 | +€968 | +4.3% |
| Amounts payable | 17/49 | €16,732 | €17,719 | +€987 | +5.9% |
| Amounts payable within one year | 42/48 | €16,732 | €17,654 | +€922 | +5.5% |
| Financial debts | 43 | €11,171 | €12,499 | +€1,329 | +11.9% |
| Credit institutions | 430/8 | €11,171 | €12,499 | +€1,329 | +11.9% |
| Trade debts | 44 | €4,156 | €5,013 | +€857 | +20.6% |
| Suppliers | 440/4 | €4,156 | €5,013 | +€857 | +20.6% |
| Taxes, remuneration and social security | 45 | €134 | €141 | +€7 | +5.4% |
| Taxes | 450/3 | €134 | €141 | +€7 | +5.4% |
| Other amounts payable | 47/48 | €1,272 | €0 | -€1,272 | -100% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Remuneration, social security and pensions | 62 | €370 | €0 | -€370 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €830 | +€524 | +172% |
| Other operating charges | 640/8 | €1,792 | €2,615 | +€823 | +45.9% |
| Gross operating margin | 9900 | -€4,147 | €6,722 | +€10,869 | |
| Operating profit (loss) | 9901 | -€6,614 | €3,277 | +€9,891 | |
| Financial charges | 65/66B | €2,447 | €2,168 | -€279 | -11.4% |
| Recurring financial charges | 65 | €2,447 | €2,168 | -€279 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,061 | €1,109 | +€10,170 | |
| Income taxes | 67/77 | €134 | €141 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€9,195 | €968 | +€10,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,195 | €968 | +€10,163 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.