LATHONI: 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.
LATHONI
Largest movements
- Cash +€19,264
up €19,264 (+306.7%), from €6,282 to €25,546
mainly Receivables after one year (+€16,000) and Net result for the year (+€9,756)
- Receivables after one year -€16,000
no longer reported in 2025 (was €16,000)
- Deferred charges and accrued income -€4,482
down €4,482 (-19.0%), from €23,622 to €19,141
- Receivables within one year -€4,397
down €4,397 (-26.5%), from €16,622 to €12,225
of which Trade receivables: -€8,055
- Reserves +€9,756
up €9,756 (+12.8%), from €76,343 to €86,100
- Current portion of long-term debt -€8,039
down €8,039 (-74.3%), from €10,827 to €2,788
- Tax, wage and social debts -€4,393
down €4,393 (-43.2%), from €10,174 to €5,781
- Debts after one year -€2,788
no longer reported in 2025 (was €2,788)
- Other debts -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin +€1,855
up €1,855 (+7.2%), from €25,737 to €27,592
- Financial charges +€1,633
up €1,633 (+61.7%), from €2,646 to €4,279
- Staff costs +€1,056
up €1,056 (+109.2%), from €967 to €2,023
- Other operating charges -€962
down €962 (-34.8%), from €2,765 to €1,804
- Taxes +€844
up €844 (+17.0%), from €4,961 to €5,805
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 | €109,868 | €103,354 | -€6,514 | -5.9% |
| Fixed assets | 21/28 | €47,343 | €46,443 | -€900 | -1.9% |
| Tangible fixed assets | 22/27 | €47,343 | €46,443 | -€900 | -1.9% |
| Land and buildings | 22 | €40,650 | €38,833 | -€1,817 | -4.5% |
| Furniture and vehicles | 24 | €6,692 | €7,610 | +€918 | +13.7% |
| Current assets | 29/58 | €62,526 | €56,912 | -€5,614 | -9.0% |
| Amounts receivable after more than one year | 29 | €16,000 | - | -€16,000 | |
| Trade receivables | 290 | €16,000 | - | -€16,000 | |
| Amounts receivable within one year | 40/41 | €16,622 | €12,225 | -€4,397 | -26.5% |
| Trade receivables | 40 | €8,228 | €173 | -€8,055 | -97.9% |
| Other amounts receivable | 41 | €8,394 | €12,051 | +€3,658 | +43.6% |
| Cash at bank and in hand | 54/58 | €6,282 | €25,546 | +€19,264 | +306.7% |
| Deferred charges and accrued income | 490/1 | €23,622 | €19,141 | -€4,482 | -19.0% |
| Total equity and liabilities | 10/49 | €109,868 | €103,354 | -€6,514 | -5.9% |
| Equity | 10/15 | €82,543 | €92,300 | +€9,756 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,343 | €86,100 | +€9,756 | +12.8% |
| Distributable reserves | 133 | €76,343 | €86,100 | +€9,756 | +12.8% |
| Amounts payable | 17/49 | €27,325 | €11,055 | -€16,270 | -59.5% |
| Amounts payable after more than one year | 17 | €2,788 | - | -€2,788 | |
| Financial debts | 170/4 | €2,788 | - | -€2,788 | |
| Amounts payable within one year | 42/48 | €24,537 | €11,055 | -€13,483 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €10,827 | €2,788 | -€8,039 | -74.3% |
| Trade debts | 44 | €2,037 | €2,487 | +€450 | +22.1% |
| Suppliers | 440/4 | €2,037 | €2,487 | +€450 | +22.1% |
| Taxes, remuneration and social security | 45 | €10,174 | €5,781 | -€4,393 | -43.2% |
| Taxes | 450/3 | €10,174 | €5,781 | -€4,393 | -43.2% |
| Other amounts payable | 47/48 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €967 | €2,023 | +€1,056 | +109.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,372 | €4,682 | +€310 | +7.1% |
| Other operating charges | 640/8 | €2,765 | €1,804 | -€962 | -34.8% |
| Gross operating margin | 9900 | €25,737 | €27,592 | +€1,855 | +7.2% |
| Operating profit (loss) | 9901 | €17,632 | €19,084 | +€1,452 | +8.2% |
| Financial income | 75/76B | €423 | €756 | +€332 | +78.5% |
| Recurring financial income | 75 | €423 | €756 | +€332 | +78.5% |
| Financial charges | 65/66B | €2,646 | €4,279 | +€1,633 | +61.7% |
| Recurring financial charges | 65 | €2,646 | €4,279 | +€1,633 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €15,410 | €15,561 | +€151 | +1.0% |
| Income taxes | 67/77 | €4,961 | €5,805 | +€844 | +17.0% |
| Profit (loss) for the period | 9904 | €10,449 | €9,756 | -€693 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,449 | €9,756 | -€693 | -6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.