Lath: 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.
Lath
Largest movements
- Cash +€27,686
up €27,686 (+112.6%), from €24,585 to €52,272
mainly Net result for the year (+€37,665) and Tax, wage and social debts (+€1,983)
- Receivables within one year +€14,915
up €14,915 (+65.4%), from €22,810 to €37,725
- Tangible fixed assets -€956
down €956 (-48.4%), from €1,973 to €1,017
- Reserves +€37,665
up €37,665 (+141.7%), from €26,573 to €64,237
- Tax, wage and social debts +€1,983
up €1,983 (+20.0%), from €9,906 to €11,889
- Trade debts +€1,055
up €1,055 (+1205.3%), from €88 to €1,142
- Other debts +€919
up €919 (+9.2%), from €9,988 to €10,908
- Gross operating margin +€16,995
up €16,995 (+44.9%), from €37,879 to €54,873
- Taxes +€7,581
up €7,581 (+99.7%), from €7,602 to €15,182
- Depreciation -€1,970
down €1,970 (-67.3%), from €2,926 to €956
- Financial charges +€722
up €722 (+626.3%), from €115 to €837
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 | €49,554 | €91,176 | +€41,622 | +84.0% |
| Fixed assets | 21/28 | €1,973 | €1,017 | -€956 | -48.4% |
| Tangible fixed assets | 22/27 | €1,973 | €1,017 | -€956 | -48.4% |
| Furniture and vehicles | 24 | €1,973 | €1,017 | -€956 | -48.4% |
| Current assets | 29/58 | €47,581 | €90,159 | +€42,577 | +89.5% |
| Amounts receivable within one year | 40/41 | €22,810 | €37,725 | +€14,915 | +65.4% |
| Trade receivables | 40 | €22,810 | €37,725 | +€14,915 | +65.4% |
| Cash at bank and in hand | 54/58 | €24,585 | €52,272 | +€27,686 | +112.6% |
| Deferred charges and accrued income | 490/1 | €186 | €162 | -€24 | -12.8% |
| Total equity and liabilities | 10/49 | €49,554 | €91,176 | +€41,622 | +84.0% |
| Equity | 10/15 | €29,573 | €67,237 | +€37,665 | +127.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,573 | €64,237 | +€37,665 | +141.7% |
| Distributable reserves | 133 | €26,573 | €64,237 | +€37,665 | +141.7% |
| Amounts payable | 17/49 | €19,981 | €23,939 | +€3,957 | +19.8% |
| Amounts payable within one year | 42/48 | €19,981 | €23,939 | +€3,957 | +19.8% |
| Trade debts | 44 | €88 | €1,142 | +€1,055 | +1205.3% |
| Suppliers | 440/4 | €88 | €1,142 | +€1,055 | +1205.3% |
| Taxes, remuneration and social security | 45 | €9,906 | €11,889 | +€1,983 | +20.0% |
| Taxes | 450/3 | €9,906 | €11,889 | +€1,983 | +20.0% |
| Other amounts payable | 47/48 | €9,988 | €10,908 | +€919 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,926 | €956 | -€1,970 | -67.3% |
| Other operating charges | 640/8 | €663 | €234 | -€430 | -64.8% |
| Gross operating margin | 9900 | €37,879 | €54,873 | +€16,995 | +44.9% |
| Operating profit (loss) | 9901 | €34,289 | €53,684 | +€19,395 | +56.6% |
| Financial charges | 65/66B | €115 | €837 | +€722 | +626.3% |
| Recurring financial charges | 65 | €115 | €837 | +€722 | +626.3% |
| Profit (loss) for the period before taxes | 9903 | €34,174 | €52,847 | +€18,673 | +54.6% |
| Income taxes | 67/77 | €7,602 | €15,182 | +€7,581 | +99.7% |
| Profit (loss) for the period | 9904 | €26,573 | €37,665 | +€11,092 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,573 | €37,665 | +€11,092 | +41.7% |
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 4 October 2026 via checked.be.