LATIMIYET: 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.
LATIMIYET
Largest movements
- Current investments -€180,000
down €180,000 (-47.4%), from €380,000 to €200,000
- Cash +€69,991
up €69,991 (+1,511%), from €4,632 to €74,623
mainly Current investments (+€180,000) and Net result for the year (+€8,492)
- Tangible fixed assets +€17,986
up €17,986 (+131%), from €13,765 to €31,752
- Other debts -€94,990
down €94,990 (-94.2%), from €100,820 to €5,830
- Reserves +€8,492
up €8,492 (+41.4%), from €20,500 to €28,992
- Short-term financial debts -€5,558
no longer reported in 2025 (was €5,558)
- Gross operating margin -€181,350
down €181,350 (-91.1%), from €198,962 to €17,612
- Taxes -€45,444
down €45,444 (-91.6%), from €49,633 to €4,189
- Depreciation +€4,416
up €4,416 (+1,231%), from €359 to €4,775
- Financial charges -€2,849
down €2,849 (-35.9%), from €7,934 to €5,085
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 | €402,527 | €309,118 | -€93,409 | -23.2% |
| Fixed assets | 21/28 | €13,765 | €31,752 | +€17,986 | +131% |
| Tangible fixed assets | 22/27 | €13,765 | €31,752 | +€17,986 | +131% |
| Land and buildings | 22 | €13,765 | €31,752 | +€17,986 | +131% |
| Current assets | 29/58 | €388,762 | €277,366 | -€111,395 | -28.7% |
| Amounts receivable within one year | 40/41 | €4,097 | €1,650 | -€2,447 | -59.7% |
| Trade receivables | 40 | €4,097 | €739 | -€3,358 | -82.0% |
| Other amounts receivable | 41 | - | €911 | +€911 | |
| Current investments | 50/53 | €380,000 | €200,000 | -€180,000 | -47.4% |
| Cash at bank and in hand | 54/58 | €4,632 | €74,623 | +€69,991 | +1,511% |
| Deferred charges and accrued income | 490/1 | €33 | €1,093 | +€1,061 | +3,231% |
| Total equity and liabilities | 10/49 | €402,527 | €309,118 | -€93,409 | -23.2% |
| Equity | 10/15 | €280,274 | €288,766 | +€8,492 | +3.0% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Capital | 10 | €148,000 | €148,000 | = | 0.0% |
| Issued capital | 100 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €20,500 | €28,992 | +€8,492 | +41.4% |
| Distributable reserves | 133 | €20,500 | €28,992 | +€8,492 | +41.4% |
| Profit (loss) carried forward | 14 | €111,774 | €111,774 | = | 0.0% |
| Amounts payable | 17/49 | €122,253 | €20,352 | -€101,901 | -83.4% |
| Amounts payable within one year | 42/48 | €120,860 | €20,131 | -€100,730 | -83.3% |
| Financial debts | 43 | €5,558 | - | -€5,558 | |
| Credit institutions | 430/8 | €5,558 | - | -€5,558 | |
| Trade debts | 44 | €393 | €1,093 | +€701 | +179% |
| Suppliers | 440/4 | €393 | €1,093 | +€701 | +179% |
| Taxes, remuneration and social security | 45 | €14,089 | €13,208 | -€882 | -6.3% |
| Taxes | 450/3 | €14,089 | €13,208 | -€882 | -6.3% |
| Other amounts payable | 47/48 | €100,820 | €5,830 | -€94,990 | -94.2% |
| Accrued charges and deferred income | 492/3 | €1,393 | €222 | -€1,172 | -84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €4,775 | +€4,416 | +1,231% |
| Other operating charges | 640/8 | €4,008 | €2,789 | -€1,219 | -30.4% |
| Gross operating margin | 9900 | €198,962 | €17,612 | -€181,350 | -91.1% |
| Operating profit (loss) | 9901 | €194,596 | €10,048 | -€184,547 | -94.8% |
| Financial income | 75/76B | €7,095 | €7,717 | +€622 | +8.8% |
| Recurring financial income | 75 | €7,095 | €7,717 | +€622 | +8.8% |
| Financial charges | 65/66B | €7,934 | €5,085 | -€2,849 | -35.9% |
| Recurring financial charges | 65 | €7,934 | €5,085 | -€2,849 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €193,757 | €12,681 | -€181,076 | -93.5% |
| Income taxes | 67/77 | €49,633 | €4,189 | -€45,444 | -91.6% |
| Profit (loss) for the period | 9904 | €144,124 | €8,492 | -€135,632 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,124 | €8,492 | -€135,632 | -94.1% |
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 20 October 2026 via checked.be.