Latim: 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.
Latim
Largest movements
- Cash -€886,498
down €886,498 (-70.2%), from €1.3m to €377,035
mainly Receivables within one year (-€635,532) and Other debts (-€136,007)
- Receivables within one year +€635,532
up €635,532 (+634.3%), from €100,188 to €735,720
of which Other amounts receivable: +€652,935
- Receivables after one year +€48,000
new in 2025: €48,000
- Other debts -€136,007
down €136,007 (-59.0%), from €230,361 to €94,355
- Accrued charges and deferred income -€35,173
down €35,173 (-90.8%), from €38,743 to €3,571
- Trade debts -€31,298
down €31,298 (-48.5%), from €64,516 to €33,218
- Tax, wage and social debts -€30,066
down €30,066 (-77.7%), from €38,718 to €8,651
- Profit (loss) carried forward +€19,266
up €19,266 (+4.7%), from €406,544 to €425,810
- Gross operating margin -€110,825
down €110,825 (-72.3%), from €153,328 to €42,503
- Financial charges -€36,821
down €36,821 (-90.4%), from €40,751 to €3,931
- Taxes -€17,526
down €17,526 (-57.1%), from €30,677 to €13,151
- Financial income +€13,170
new in 2025: €13,170
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 | €1,363,721 | €1,169,389 | -€194,332 | -14.3% |
| Current assets | 29/58 | €1,363,721 | €1,169,389 | -€194,332 | -14.3% |
| Amounts receivable after more than one year | 29 | - | €48,000 | +€48,000 | |
| Other amounts receivable | 291 | - | €48,000 | +€48,000 | |
| Amounts receivable within one year | 40/41 | €100,188 | €735,720 | +€635,532 | +634.3% |
| Trade receivables | 40 | €80,188 | €62,785 | -€17,403 | -21.7% |
| Other amounts receivable | 41 | €20,000 | €672,935 | +€652,935 | +3264.7% |
| Cash at bank and in hand | 54/58 | €1,263,533 | €377,035 | -€886,498 | -70.2% |
| Deferred charges and accrued income | 490/1 | - | €8,634 | +€8,634 | |
| Total equity and liabilities | 10/49 | €1,363,721 | €1,169,389 | -€194,332 | -14.3% |
| Equity | 10/15 | €991,384 | €1,029,595 | +€38,211 | +3.9% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €259,840 | €278,785 | +€18,945 | +7.3% |
| Non-distributable reserves | 130/1 | €32,500 | €32,500 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,040 | €119,985 | +€18,945 | +18.8% |
| Distributable reserves | 133 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,544 | €425,810 | +€19,266 | +4.7% |
| Amounts payable | 17/49 | €372,338 | €139,794 | -€232,543 | -62.5% |
| Amounts payable within one year | 42/48 | €333,595 | €136,224 | -€197,371 | -59.2% |
| Trade debts | 44 | €64,516 | €33,218 | -€31,298 | -48.5% |
| Suppliers | 440/4 | €64,516 | €33,218 | -€31,298 | -48.5% |
| Taxes, remuneration and social security | 45 | €38,718 | €8,651 | -€30,066 | -77.7% |
| Taxes | 450/3 | €38,718 | €8,651 | -€30,066 | -77.7% |
| Other amounts payable | 47/48 | €230,361 | €94,355 | -€136,007 | -59.0% |
| Accrued charges and deferred income | 492/3 | €38,743 | €3,571 | -€35,173 | -90.8% |
| Non-recurring operating income | 76A | €4,200 | - | -€4,200 | |
| Other operating charges | 640/8 | - | €380 | +€380 | |
| Non-recurring operating charges | 66A | €430,000 | - | -€430,000 | |
| Gross operating margin | 9900 | €153,328 | €42,503 | -€110,825 | -72.3% |
| Operating profit (loss) | 9901 | -€276,672 | €42,123 | +€318,795 | |
| Financial income | 75/76B | - | €13,170 | +€13,170 | |
| Recurring financial income | 75 | - | €13,170 | +€13,170 | |
| Financial charges | 65/66B | €40,751 | €3,931 | -€36,821 | -90.4% |
| Recurring financial charges | 65 | €40,751 | €3,931 | -€36,821 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€317,423 | €51,363 | +€368,786 | |
| Income taxes | 67/77 | €30,677 | €13,151 | -€17,526 | -57.1% |
| Profit (loss) for the period | 9904 | -€348,100 | €38,211 | +€386,311 | |
| Transfer from tax-exempt reserves | 789 | €67,360 | - | -€67,360 | |
| Transfer to tax-exempt reserves | 689 | - | €18,945 | +€18,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€280,740 | €19,266 | +€300,006 |
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 11 October 2026 via checked.be.