LATINE: 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.
LATINE
Largest movements
- Cash +€20,896
up €20,896 (+987%), from €2,116 to €23,012
mainly Net result for the year (+€36,365) and Depreciation (+€19,078)
- Tangible fixed assets -€15,055
down €15,055 (-17.3%), from €86,838 to €71,784
of which Furniture and vehicles: -€15,208
- Receivables within one year -€13,774
down €13,774 (-17.1%), from €80,456 to €66,681
of which Other amounts receivable: -€19,049
- Debts after one year -€12,861
down €12,861 (-28.0%), from €45,890 to €33,029
- Tax, wage and social debts +€4,283
up €4,283 (+485%), from €883 to €5,166
- Reserves +€2,134
up €2,134 (+5.1%), from €41,444 to €43,578
- Gross operating margin +€42,327
up €42,327 (+142%), from €29,800 to €72,128
- Taxes +€13,324
up €13,324 (+677%), from €1,968 to €15,292
- Depreciation +€6,523
up €6,523 (+51.9%), from €12,556 to €19,078
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 | €172,789 | €165,018 | -€7,771 | -4.5% |
| Fixed assets | 21/28 | €86,838 | €71,784 | -€15,055 | -17.3% |
| Tangible fixed assets | 22/27 | €86,838 | €71,784 | -€15,055 | -17.3% |
| Land and buildings | 22 | €13,750 | €12,500 | -€1,250 | -9.1% |
| Plant, machinery and equipment | 23 | €9,106 | €7,215 | -€1,891 | -20.8% |
| Furniture and vehicles | 24 | €63,982 | €48,774 | -€15,208 | -23.8% |
| Other tangible fixed assets | 26 | - | €3,294 | +€3,294 | |
| Current assets | 29/58 | €85,950 | €93,234 | +€7,284 | +8.5% |
| Amounts receivable within one year | 40/41 | €80,456 | €66,681 | -€13,774 | -17.1% |
| Trade receivables | 40 | €19,797 | €25,072 | +€5,275 | +26.6% |
| Other amounts receivable | 41 | €60,659 | €41,610 | -€19,049 | -31.4% |
| Cash at bank and in hand | 54/58 | €2,116 | €23,012 | +€20,896 | +987% |
| Deferred charges and accrued income | 490/1 | €3,379 | €3,541 | +€162 | +4.8% |
| Total equity and liabilities | 10/49 | €172,789 | €165,018 | -€7,771 | -4.5% |
| Equity | 10/15 | €109,963 | €112,097 | +€2,134 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,444 | €43,578 | +€2,134 | +5.1% |
| Distributable reserves | 133 | €41,444 | €43,578 | +€2,134 | +5.1% |
| Profit (loss) carried forward | 14 | €62,319 | €62,319 | = | 0.0% |
| Amounts payable | 17/49 | €62,825 | €52,921 | -€9,905 | -15.8% |
| Amounts payable after more than one year | 17 | €45,890 | €33,029 | -€12,861 | -28.0% |
| Financial debts | 170/4 | €45,890 | €33,029 | -€12,861 | -28.0% |
| Amounts payable within one year | 42/48 | €16,936 | €19,892 | +€2,956 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €14,545 | €12,861 | -€1,684 | -11.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,508 | €1,865 | +€357 | +23.7% |
| Suppliers | 440/4 | €1,508 | €1,865 | +€357 | +23.7% |
| Taxes, remuneration and social security | 45 | €883 | €5,166 | +€4,283 | +485% |
| Taxes | 450/3 | €883 | €5,166 | +€4,283 | +485% |
| Non-recurring operating income | 76A | €5,401 | €0 | -€5,401 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,556 | €19,078 | +€6,523 | +51.9% |
| Other operating charges | 640/8 | €1,051 | €1,074 | +€22 | +2.1% |
| Gross operating margin | 9900 | €29,800 | €72,128 | +€42,327 | +142% |
| Operating profit (loss) | 9901 | €16,193 | €51,976 | +€35,783 | +221% |
| Financial income | 75/76B | €2,129 | €2,054 | -€75 | -3.5% |
| Recurring financial income | 75 | €2,129 | €2,054 | -€75 | -3.5% |
| Financial charges | 65/66B | €2,144 | €2,372 | +€229 | +10.7% |
| Recurring financial charges | 65 | €2,144 | €2,372 | +€229 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €16,179 | €51,657 | +€35,479 | +219% |
| Income taxes | 67/77 | €1,968 | €15,292 | +€13,324 | +677% |
| Profit (loss) for the period | 9904 | €14,210 | €36,365 | +€22,155 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €14,210 | €36,365 | +€22,155 | +156% |
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 24 October 2026 via checked.be.