LATIF ILLUSIONS: 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.
LATIF ILLUSIONS
Largest movements
- Cash +€80,072
up €80,072 (+99.3%), from €80,611 to €160,683
mainly Net result for the year (+€67,216) and Other debts (+€45,961)
- Receivables within one year +€44,033
up €44,033 (+258%), from €17,038 to €61,071
of which Trade receivables: +€36,755
- Tangible fixed assets -€19,242
down €19,242 (-25.6%), from €75,034 to €55,792
of which Plant, machinery and equipment: -€13,163
- Profit (loss) carried forward +€67,216
up €67,216 (+98.9%), from -€67,995 to -€779
- Other debts +€45,961
up €45,961 (+1,225%), from €3,753 to €49,714
- Trade debts -€26,394
down €26,394 (-19.4%), from €136,313 to €109,919
- Tax, wage and social debts +€22,140
up €22,140 (+131%), from €16,865 to €39,005
of which Remuneration and social security: +€25,015
- Debts after one year -€3,442
down €3,442 (-37.4%), from €9,212 to €5,770
- Gross operating margin +€124,360
up €124,360 (+147%), from €84,715 to €209,075
- Staff costs -€12,964
down €12,964 (-10.9%), from €118,824 to €105,860
- Other operating charges -€4,127
down €4,127 (-32.7%), from €12,637 to €8,510
- Depreciation +€3,217
up €3,217 (+17.0%), from €18,935 to €22,152
- Taxes +€2,814
up €2,814 (+7,091%), from €40 to €2,853
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 | €178,202 | €283,832 | +€105,630 | +59.3% |
| Fixed assets | 21/28 | €75,034 | €55,792 | -€19,242 | -25.6% |
| Tangible fixed assets | 22/27 | €75,034 | €55,792 | -€19,242 | -25.6% |
| Land and buildings | 22 | €19,771 | €13,692 | -€6,078 | -30.7% |
| Plant, machinery and equipment | 23 | €55,263 | €42,100 | -€13,163 | -23.8% |
| Current assets | 29/58 | €103,168 | €228,040 | +€124,872 | +121% |
| Stocks and contracts in progress | 3 | €5,519 | €6,286 | +€767 | +13.9% |
| Stocks | 30/36 | €5,519 | €6,286 | +€767 | +13.9% |
| Amounts receivable within one year | 40/41 | €17,038 | €61,071 | +€44,033 | +258% |
| Trade receivables | 40 | €1,188 | €37,942 | +€36,755 | +3,095% |
| Other amounts receivable | 41 | €15,850 | €23,129 | +€7,278 | +45.9% |
| Cash at bank and in hand | 54/58 | €80,611 | €160,683 | +€80,072 | +99.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €178,202 | €283,832 | +€105,630 | +59.3% |
| Equity | 10/15 | €8,765 | €75,981 | +€67,216 | +767% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €58,209 | €58,209 | = | 0.0% |
| Distributable reserves | 133 | €58,209 | €58,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,995 | -€779 | +€67,216 | +98.9% |
| Amounts payable | 17/49 | €169,437 | €207,851 | +€38,414 | +22.7% |
| Amounts payable after more than one year | 17 | €9,212 | €5,770 | -€3,442 | -37.4% |
| Financial debts | 170/4 | €9,212 | €5,770 | -€3,442 | -37.4% |
| Amounts payable within one year | 42/48 | €160,225 | €202,081 | +€41,856 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €3,293 | €3,442 | +€149 | +4.5% |
| Trade debts | 44 | €136,313 | €109,919 | -€26,394 | -19.4% |
| Suppliers | 440/4 | €136,313 | €109,919 | -€26,394 | -19.4% |
| Taxes, remuneration and social security | 45 | €16,865 | €39,005 | +€22,140 | +131% |
| Taxes | 450/3 | €8,237 | €5,362 | -€2,875 | -34.9% |
| Remuneration and social security | 454/9 | €8,628 | €33,644 | +€25,015 | +290% |
| Other amounts payable | 47/48 | €3,753 | €49,714 | +€45,961 | +1,225% |
| Remuneration, social security and pensions | 62 | €118,824 | €105,860 | -€12,964 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,935 | €22,152 | +€3,217 | +17.0% |
| Other operating charges | 640/8 | €12,637 | €8,510 | -€4,127 | -32.7% |
| Gross operating margin | 9900 | €84,715 | €209,075 | +€124,360 | +147% |
| Operating profit (loss) | 9901 | -€65,681 | €72,553 | +€138,234 | |
| Financial income | 75/76B | €317 | €22 | -€295 | -93.1% |
| Recurring financial income | 75 | €317 | €22 | -€295 | -93.1% |
| Financial charges | 65/66B | €2,591 | €2,505 | -€86 | -3.3% |
| Recurring financial charges | 65 | €2,591 | €2,505 | -€86 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€67,955 | €70,070 | +€138,025 | |
| Income taxes | 67/77 | €40 | €2,853 | +€2,814 | +7,091% |
| Profit (loss) for the period | 9904 | -€67,995 | €67,216 | +€135,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,995 | €67,216 | +€135,211 |
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.