LATHO: what changed
Two financial 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
- Deferred charges and accrued income -€3,965
down €3,965 (-48.9%), from €8,100 to €4,136
- Cash +€2,923
up €2,923 (+41.9%), from €6,980 to €9,903
mainly Net result for the year (+€10,668) and Deferred charges and accrued income (+€3,965)
- Reserves +€10,668
up €10,668 (+354%), from €3,014 to €13,682
- Trade debts -€5,601
down €5,601 (-45.4%), from €12,341 to €6,740
- Other debts -€5,115
down €5,115 (-93.5%), from €5,468 to €353
- Accrued charges and deferred income -€1,700
down €1,700 (-100%), from €1,700 to €0
- Tax, wage and social debts +€506
up €506 (+36.9%), from €1,373 to €1,879
- Gross operating margin +€12,728
up €12,728 (+114%), from €11,140 to €23,868
- Taxes +€4,799
up €4,799 (+130%), from €3,689 to €8,488
- Financial charges +€606
up €606 (+23.3%), from €2,597 to €3,203
- Other operating charges +€488
up €488 (+47.9%), from €1,020 to €1,509
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.
Derived cash bridge
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 | €28,897 | €27,654 | -€1,242 | -4.3% |
| Current assets | 29/58 | €28,897 | €27,654 | -€1,242 | -4.3% |
| Amounts receivable within one year | 40/41 | €13,817 | €13,616 | -€201 | -1.5% |
| Trade receivables | 40 | €13,000 | €12,794 | -€206 | -1.6% |
| Other amounts receivable | 41 | €817 | €822 | +€6 | +0.7% |
| Cash at bank and in hand | 54/58 | €6,980 | €9,903 | +€2,923 | +41.9% |
| Deferred charges and accrued income | 490/1 | €8,100 | €4,136 | -€3,965 | -48.9% |
| Total equity and liabilities | 10/49 | €28,897 | €27,654 | -€1,242 | -4.3% |
| Equity | 10/15 | €8,014 | €18,682 | +€10,668 | +133% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,014 | €13,682 | +€10,668 | +354% |
| Distributable reserves | 133 | €3,014 | €13,682 | +€10,668 | +354% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,882 | €8,972 | -€11,910 | -57.0% |
| Amounts payable within one year | 42/48 | €19,182 | €8,972 | -€10,210 | -53.2% |
| Trade debts | 44 | €12,341 | €6,740 | -€5,601 | -45.4% |
| Suppliers | 440/4 | €12,341 | €6,740 | -€5,601 | -45.4% |
| Taxes, remuneration and social security | 45 | €1,373 | €1,879 | +€506 | +36.9% |
| Taxes | 450/3 | €1,373 | €1,879 | +€506 | +36.9% |
| Other amounts payable | 47/48 | €5,468 | €353 | -€5,115 | -93.5% |
| Accrued charges and deferred income | 492/3 | €1,700 | €0 | -€1,700 | -100% |
| Other operating charges | 640/8 | €1,020 | €1,509 | +€488 | +47.9% |
| Gross operating margin | 9900 | €11,140 | €23,868 | +€12,728 | +114% |
| Operating profit (loss) | 9901 | €10,119 | €22,359 | +€12,240 | +121% |
| Financial income | 75/76B | €15 | €0 | -€15 | -97.5% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -97.5% |
| Financial charges | 65/66B | €2,597 | €3,203 | +€606 | +23.3% |
| Recurring financial charges | 65 | €2,597 | €3,203 | +€606 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €7,537 | €19,156 | +€11,619 | +154% |
| Income taxes | 67/77 | €3,689 | €8,488 | +€4,799 | +130% |
| Profit (loss) for the period | 9904 | €3,848 | €10,668 | +€6,820 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €3,848 | €10,668 | +€6,820 | +177% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.