LATINUM: 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.
LATINUM
Largest movements
- Current investments +€406,459
up €406,459 (+506.1%), from €80,318 to €486,777
- Tangible fixed assets -€263,201
down €263,201 (-42.4%), from €620,702 to €357,501
of which Land and buildings: -€252,124
- Cash -€46,153
down €46,153 (-77.0%), from €59,936 to €13,783
mainly Current investments (-€406,459) and Accrued charges and deferred income (-€7,038)
- Receivables within one year -€29,512
down €29,512 (-82.8%), from €35,652 to €6,141
of which Trade receivables: -€29,850
- Reserves +€66,000
up €66,000 (+18.5%), from €357,583 to €423,583
of which Distributable reserves: +€66,000
- Depreciation -€14,155
down €14,155 (-31.8%), from €44,520 to €30,365
- Financial income -€2,937
down €2,937 (-69.6%), from €4,218 to €1,281
- Taxes +€2,667
up €2,667 (+9.2%), from €28,968 to €31,635
- Gross operating margin -€2,222
down €2,222 (-1.5%), from €149,759 to €147,537
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €799,060 | €867,512 | +€68,451 | +8.6% |
| Fixed assets | 21/28 | €620,702 | €357,501 | -€263,201 | -42.4% |
| Tangible fixed assets | 22/27 | €620,702 | €357,501 | -€263,201 | -42.4% |
| Land and buildings | 22 | €599,533 | €347,410 | -€252,124 | -42.1% |
| Furniture and vehicles | 24 | €21,168 | €10,091 | -€11,077 | -52.3% |
| Current assets | 29/58 | €178,359 | €510,011 | +€331,652 | +185.9% |
| Amounts receivable within one year | 40/41 | €35,652 | €6,141 | -€29,512 | -82.8% |
| Trade receivables | 40 | €30,000 | €150 | -€29,850 | -99.5% |
| Other amounts receivable | 41 | €5,652 | €5,991 | +€339 | +6.0% |
| Current investments | 50/53 | €80,318 | €486,777 | +€406,459 | +506.1% |
| Cash at bank and in hand | 54/58 | €59,936 | €13,783 | -€46,153 | -77.0% |
| Deferred charges and accrued income | 490/1 | €2,453 | €3,310 | +€857 | +34.9% |
| Total equity and liabilities | 10/49 | €799,060 | €867,512 | +€68,451 | +8.6% |
| Equity | 10/15 | €779,239 | €845,532 | +€66,293 | +8.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €357,583 | €423,583 | +€66,000 | +18.5% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €337,583 | €403,583 | +€66,000 | +19.6% |
| Profit (loss) carried forward | 14 | €221,657 | €221,950 | +€293 | +0.1% |
| Amounts payable | 17/49 | €19,821 | €21,979 | +€2,158 | +10.9% |
| Amounts payable after more than one year | 17 | - | €6,600 | +€6,600 | |
| Other amounts payable | 178/9 | - | €6,600 | +€6,600 | |
| Amounts payable within one year | 42/48 | €12,147 | €14,743 | +€2,596 | +21.4% |
| Trade debts | 44 | €5,679 | €3,109 | -€2,571 | -45.3% |
| Suppliers | 440/4 | €5,679 | €3,109 | -€2,571 | -45.3% |
| Taxes, remuneration and social security | 45 | €6,468 | €11,635 | +€5,167 | +79.9% |
| Taxes | 450/3 | €6,468 | €11,635 | +€5,167 | +79.9% |
| Accrued charges and deferred income | 492/3 | €7,674 | €636 | -€7,038 | -91.7% |
| Non-recurring operating income | 76A | - | €35,299 | +€35,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,520 | €30,365 | -€14,155 | -31.8% |
| Other operating charges | 640/8 | €18,110 | €18,408 | +€298 | +1.6% |
| Non-recurring operating charges | 66A | €23 | €1,099 | +€1,076 | +4635.3% |
| Gross operating margin | 9900 | €149,759 | €147,537 | -€2,222 | -1.5% |
| Operating profit (loss) | 9901 | €87,106 | €97,665 | +€10,559 | +12.1% |
| Financial income | 75/76B | €4,218 | €1,281 | -€2,937 | -69.6% |
| Recurring financial income | 75 | €4,218 | €1,281 | -€2,937 | -69.6% |
| Financial charges | 65/66B | €582 | €653 | +€72 | +12.4% |
| Recurring financial charges | 65 | €582 | €653 | +€72 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €90,742 | €98,293 | +€7,550 | +8.3% |
| Income taxes | 67/77 | €28,968 | €31,635 | +€2,667 | +9.2% |
| Profit (loss) for the period | 9904 | €61,774 | €66,658 | +€4,884 | +7.9% |
| Transfer from tax-exempt reserves | 789 | €255 | - | -€255 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,030 | €66,658 | +€4,628 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.