LATHO: 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.
LATHO
Largest movements
- Cash +€58,583
up €58,583 (+64.4%), from €91,019 to €149,602
mainly Debts after one year (+€179,980) and Trade debts (+€44,129)
- Receivables within one year +€37,904
up €37,904 (+49.3%), from €76,864 to €114,768
of which Trade receivables: +€25,772
- Stocks and contracts -€28,784
down €28,784 (-10.2%), from €282,125 to €253,340
- Tangible fixed assets -€11,726
down €11,726 (-4.9%), from €241,452 to €229,726
of which Land and buildings: -€10,000
- Other debts -€193,924
down €193,924 (-76.0%), from €255,293 to €61,369
- Debts after one year +€179,980
up €179,980 (+212.5%), from €84,714 to €264,694
- Trade debts +€44,129
up €44,129 (+44.8%), from €98,498 to €142,626
of which Suppliers: +€40,345
- Reserves +€32,192
up €32,192 (+20.0%), from €160,992 to €193,184
of which Distributable reserves: +€32,192
- Gross operating margin -€13,631
down €13,631 (-13.6%), from €99,963 to €86,332
- Taxes -€10,317
down €10,317 (-44.1%), from €23,410 to €13,093
- Financial charges +€4,141
up €4,141 (+31.4%), from €13,190 to €17,331
- Other operating charges +€2,555
up €2,555 (+111.4%), from €2,295 to €4,850
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 | €695,231 | €752,272 | +€57,041 | +8.2% |
| Fixed assets | 21/28 | €241,452 | €229,726 | -€11,726 | -4.9% |
| Tangible fixed assets | 22/27 | €241,452 | €229,726 | -€11,726 | -4.9% |
| Land and buildings | 22 | €205,000 | €195,000 | -€10,000 | -4.9% |
| Plant, machinery and equipment | 23 | €9,375 | €8,299 | -€1,076 | -11.5% |
| Furniture and vehicles | 24 | €17,530 | €11,958 | -€5,572 | -31.8% |
| Other tangible fixed assets | 26 | €9,548 | €14,470 | +€4,922 | +51.6% |
| Current assets | 29/58 | €453,779 | €522,546 | +€68,767 | +15.2% |
| Stocks and contracts in progress | 3 | €282,125 | €253,340 | -€28,784 | -10.2% |
| Stocks | 30/36 | €282,125 | €253,340 | -€28,784 | -10.2% |
| Amounts receivable within one year | 40/41 | €76,864 | €114,768 | +€37,904 | +49.3% |
| Trade receivables | 40 | €76,864 | €102,636 | +€25,772 | +33.5% |
| Other amounts receivable | 41 | - | €12,133 | +€12,133 | |
| Cash at bank and in hand | 54/58 | €91,019 | €149,602 | +€58,583 | +64.4% |
| Deferred charges and accrued income | 490/1 | €3,771 | €4,836 | +€1,064 | +28.2% |
| Total equity and liabilities | 10/49 | €695,231 | €752,272 | +€57,041 | +8.2% |
| Equity | 10/15 | €227,735 | €259,094 | +€31,359 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,992 | €193,184 | +€32,192 | +20.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €230 | €230 | = | 0.0% |
| Distributable reserves | 133 | €158,902 | €191,094 | +€32,192 | +20.3% |
| Profit (loss) carried forward | 14 | €48,143 | €47,310 | -€833 | -1.7% |
| Amounts payable | 17/49 | €467,496 | €493,178 | +€25,682 | +5.5% |
| Amounts payable after more than one year | 17 | €84,714 | €264,694 | +€179,980 | +212.5% |
| Other amounts payable | 178/9 | €84,714 | €264,694 | +€179,980 | +212.5% |
| Amounts payable within one year | 42/48 | €377,272 | €222,152 | -€155,120 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €22,766 | €18,157 | -€4,610 | -20.2% |
| Trade debts | 44 | €98,498 | €142,626 | +€44,129 | +44.8% |
| Suppliers | 440/4 | €87,327 | €127,672 | +€40,345 | +46.2% |
| Bills of exchange payable | 441 | €11,171 | €14,954 | +€3,784 | +33.9% |
| Taxes, remuneration and social security | 45 | €716 | - | -€716 | |
| Taxes | 450/3 | €716 | - | -€716 | |
| Other amounts payable | 47/48 | €255,293 | €61,369 | -€193,924 | -76.0% |
| Accrued charges and deferred income | 492/3 | €5,510 | €6,333 | +€823 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,218 | €19,682 | -€536 | -2.7% |
| Other operating charges | 640/8 | €2,295 | €4,850 | +€2,555 | +111.4% |
| Gross operating margin | 9900 | €99,963 | €86,332 | -€13,631 | -13.6% |
| Operating profit (loss) | 9901 | €77,451 | €61,801 | -€15,650 | -20.2% |
| Financial income | 75/76B | €1,070 | €816 | -€254 | -23.7% |
| Recurring financial income | 75 | €47 | €816 | +€768 | +1618.0% |
| Non-recurring financial income | 76B | €1,022 | - | -€1,022 | |
| Financial charges | 65/66B | €13,190 | €17,331 | +€4,141 | +31.4% |
| Recurring financial charges | 65 | €13,190 | €17,331 | +€4,141 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €65,330 | €45,285 | -€20,045 | -30.7% |
| Income taxes | 67/77 | €23,410 | €13,093 | -€10,317 | -44.1% |
| Profit (loss) for the period | 9904 | €41,920 | €32,192 | -€9,728 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,920 | €32,192 | -€9,728 | -23.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.