Latim: 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.
Latim
Largest movements
- Current investments +€476,919
new in 2025: €476,919
- Cash -€144,984
down €144,984 (-27.1%), from €534,827 to €389,844
mainly Current investments (-€476,919) and Receivables within one year (-€108,543)
- Receivables within one year +€108,543
up €108,543 (+54.0%), from €201,064 to €309,607
of which Trade receivables: +€106,376
- Tangible fixed assets +€70,440
up €70,440 (+93.0%), from €75,729 to €146,170
of which Plant, machinery and equipment: +€49,762
- Reserves +€538,652
up €538,652 (+72.4%), from €744,245 to €1.3m
- Tax, wage and social debts -€74,200
down €74,200 (-48.7%), from €152,416 to €78,216
- Advances received +€24,282
new in 2025: €24,282
- Trade debts +€21,902
up €21,902 (+310.1%), from €7,063 to €28,964
- Financial charges +€26,213
up €26,213 (+14844.9%), from €177 to €26,390
- Financial income +€22,102
up €22,102 (+28533.7%), from €77 to €22,180
- Depreciation +€15,688
up €15,688 (+202.4%), from €7,752 to €23,440
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 | €922,336 | €1,446,080 | +€523,743 | +56.8% |
| Fixed assets | 21/28 | €75,729 | €146,170 | +€70,440 | +93.0% |
| Tangible fixed assets | 22/27 | €75,729 | €146,170 | +€70,440 | +93.0% |
| Plant, machinery and equipment | 23 | €3,355 | €53,117 | +€49,762 | +1483.1% |
| Furniture and vehicles | 24 | €72,374 | €93,052 | +€20,678 | +28.6% |
| Current assets | 29/58 | €846,607 | €1,299,910 | +€453,303 | +53.5% |
| Stocks and contracts in progress | 3 | €110,716 | €122,284 | +€11,568 | +10.4% |
| Stocks | 30/36 | €110,716 | €122,284 | +€11,568 | +10.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €201,064 | €309,607 | +€108,543 | +54.0% |
| Trade receivables | 40 | €201,064 | €307,440 | +€106,376 | +52.9% |
| Other amounts receivable | 41 | - | €2,167 | +€2,167 | |
| Current investments | 50/53 | - | €476,919 | +€476,919 | |
| Cash at bank and in hand | 54/58 | €534,827 | €389,844 | -€144,984 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €1,257 | +€1,257 | |
| Total equity and liabilities | 10/49 | €922,336 | €1,446,080 | +€523,743 | +56.8% |
| Equity | 10/15 | €747,245 | €1,285,897 | +€538,652 | +72.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €744,245 | €1,282,897 | +€538,652 | +72.4% |
| Distributable reserves | 133 | €744,245 | €1,282,897 | +€538,652 | +72.4% |
| Amounts payable | 17/49 | €175,091 | €160,183 | -€14,908 | -8.5% |
| Amounts payable within one year | 42/48 | €175,091 | €160,183 | -€14,908 | -8.5% |
| Trade debts | 44 | €7,063 | €28,964 | +€21,902 | +310.1% |
| Suppliers | 440/4 | €7,063 | €28,964 | +€21,902 | +310.1% |
| Advances received on contracts in progress | 46 | - | €24,282 | +€24,282 | |
| Taxes, remuneration and social security | 45 | €152,416 | €78,216 | -€74,200 | -48.7% |
| Taxes | 450/3 | €152,416 | €78,216 | -€74,200 | -48.7% |
| Other amounts payable | 47/48 | €15,612 | €28,720 | +€13,108 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,752 | €23,440 | +€15,688 | +202.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€6,450 | -€6,450 | |
| Other operating charges | 640/8 | €1,090 | €7,937 | +€6,847 | +628.2% |
| Gross operating margin | 9900 | €748,892 | €745,764 | -€3,128 | -0.4% |
| Operating profit (loss) | 9901 | €740,050 | €720,837 | -€19,213 | -2.6% |
| Financial income | 75/76B | €77 | €22,180 | +€22,102 | +28533.7% |
| Recurring financial income | 75 | €77 | €22,180 | +€22,102 | +28533.7% |
| Financial charges | 65/66B | €177 | €26,390 | +€26,213 | +14844.9% |
| Recurring financial charges | 65 | €177 | €26,390 | +€26,213 | +14844.9% |
| Profit (loss) for the period before taxes | 9903 | €739,951 | €716,627 | -€23,324 | -3.2% |
| Income taxes | 67/77 | €181,461 | €177,975 | -€3,486 | -1.9% |
| Profit (loss) for the period | 9904 | €558,489 | €538,652 | -€19,838 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €558,489 | €538,652 | -€19,838 | -3.6% |
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 6 October 2026 via checked.be.