LATitude: 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.
LATitude
Largest movements
- Tangible fixed assets +€50,689
up €50,689 (+448.8%), from €11,293 to €61,983
of which Leasing and similar rights: +€54,089
- Cash +€27,933
up €27,933 (+501.3%), from €5,572 to €33,505
mainly Net result for the year (+€54,537) and Trade debts (+€35,832)
- Receivables within one year +€27,559
up €27,559 (+133.4%), from €20,661 to €48,221
of which Trade receivables: +€29,193
- Financial fixed assets +€15,414
up €15,414 (+21.3%), from €72,428 to €87,842
- Deferred charges and accrued income +€4,503
up €4,503 (+41.9%), from €10,750 to €15,253
- Reserves +€49,782
up €49,782 (+72.5%), from €68,668 to €118,450
- Trade debts +€35,832
up €35,832 (+1024.3%), from €3,498 to €39,330
- Debts after one year +€32,641
up €32,641 (+1097.3%), from €2,975 to €35,616
- Current portion of long-term debt +€16,431
up €16,431 (+326.9%), from €5,027 to €21,458
- Other debts -€11,308
down €11,308 (-51.4%), from €22,005 to €10,697
- Gross operating margin +€70,923
up €70,923 (+408.0%), from €17,383 to €88,307
- Taxes +€17,141
up €17,141 (+3353.8%), from €511 to €17,652
- Depreciation +€4,302
up €4,302 (+69.0%), from €6,234 to €10,536
- Financial income +€1,852
up €1,852 (+3085.8%), from €60 to €1,912
- Financial charges -€1,325
down €1,325 (-18.8%), from €7,053 to €5,728
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 | €120,705 | €246,803 | +€126,098 | +104.5% |
| Fixed assets | 21/28 | €83,722 | €149,825 | +€66,103 | +79.0% |
| Tangible fixed assets | 22/27 | €11,293 | €61,983 | +€50,689 | +448.8% |
| Plant, machinery and equipment | 23 | €2,922 | €4,782 | +€1,860 | +63.7% |
| Furniture and vehicles | 24 | €8,371 | €3,111 | -€5,260 | -62.8% |
| Leasing and similar rights | 25 | - | €54,089 | +€54,089 | |
| Financial fixed assets | 28 | €72,428 | €87,842 | +€15,414 | +21.3% |
| Current assets | 29/58 | €36,983 | €96,979 | +€59,995 | +162.2% |
| Amounts receivable within one year | 40/41 | €20,661 | €48,221 | +€27,559 | +133.4% |
| Trade receivables | 40 | €10,903 | €40,096 | +€29,193 | +267.8% |
| Other amounts receivable | 41 | €9,759 | €8,125 | -€1,634 | -16.7% |
| Cash at bank and in hand | 54/58 | €5,572 | €33,505 | +€27,933 | +501.3% |
| Deferred charges and accrued income | 490/1 | €10,750 | €15,253 | +€4,503 | +41.9% |
| Total equity and liabilities | 10/49 | €120,705 | €246,803 | +€126,098 | +104.5% |
| Equity | 10/15 | €81,068 | €137,050 | +€55,982 | +69.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €68,668 | €118,450 | +€49,782 | +72.5% |
| Distributable reserves | 133 | €68,668 | €118,450 | +€49,782 | +72.5% |
| Amounts payable | 17/49 | €39,637 | €109,753 | +€70,116 | +176.9% |
| Amounts payable after more than one year | 17 | €2,975 | €35,616 | +€32,641 | +1097.3% |
| Financial debts | 170/4 | €2,975 | €35,616 | +€32,641 | +1097.3% |
| Amounts payable within one year | 42/48 | €36,662 | €74,138 | +€37,475 | +102.2% |
| Current portion of amounts payable after more than one year | 42 | €5,027 | €21,458 | +€16,431 | +326.9% |
| Trade debts | 44 | €3,498 | €39,330 | +€35,832 | +1024.3% |
| Suppliers | 440/4 | €3,498 | €39,330 | +€35,832 | +1024.3% |
| Taxes, remuneration and social security | 45 | €6,133 | €2,652 | -€3,481 | -56.8% |
| Taxes | 450/3 | €6,133 | €2,652 | -€3,481 | -56.8% |
| Other amounts payable | 47/48 | €22,005 | €10,697 | -€11,308 | -51.4% |
| Non-recurring operating income | 76A | - | €8,625 | +€8,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,234 | €10,536 | +€4,302 | +69.0% |
| Other operating charges | 640/8 | €1,464 | €1,765 | +€301 | +20.6% |
| Gross operating margin | 9900 | €17,383 | €88,307 | +€70,923 | +408.0% |
| Operating profit (loss) | 9901 | €9,686 | €76,006 | +€66,320 | +684.7% |
| Financial income | 75/76B | €60 | €1,912 | +€1,852 | +3085.8% |
| Recurring financial income | 75 | €60 | €1,912 | +€1,852 | +3085.8% |
| Financial charges | 65/66B | €7,053 | €5,728 | -€1,325 | -18.8% |
| Recurring financial charges | 65 | €7,053 | €5,728 | -€1,325 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €2,693 | €72,189 | +€69,496 | +2580.8% |
| Income taxes | 67/77 | €511 | €17,652 | +€17,141 | +3353.8% |
| Profit (loss) for the period | 9904 | €2,182 | €54,537 | +€52,355 | +2399.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,182 | €54,537 | +€52,355 | +2399.7% |
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 3 October 2026 via checked.be.