LATITUDE 51: what changed
LATITUDE 51
Largest movements
- Current investments +€375,000
new in 2025: €375,000
- Cash +€164,665
up €164,665 (+220%), from €74,845 to €239,510
mainly Other debts (+€621,929) and Net result for the year (+€569,937)
- Receivables within one year +€20,762
up €20,762 (+233%), from €8,895 to €29,657
of which Trade receivables: +€19,342
- Tangible fixed assets +€9,676
up €9,676 (+6.7%), from €144,889 to €154,565
of which Other tangible fixed assets: +€8,698
- Other debts +€621,929
up €621,929 (+35,104%), from €1,772 to €623,700
- Reserves -€203,763
down €203,763 (-100%), from €203,763 to €0
- Debts after one year +€150,000
new in 2025: €150,000
- Gross operating margin +€746,699
up €746,699 (+4,838%), from €15,435 to €762,134
- Taxes +€192,301
up €192,301 (+10,434%), from €1,843 to €194,144
- Depreciation -€24,221
down €24,221 (-94.9%), from €25,524 to €1,304
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,630 | €805,724 | +€577,094 | +252% |
| Fixed assets | 21/28 | €144,889 | €154,565 | +€9,676 | +6.7% |
| Tangible fixed assets | 22/27 | €144,889 | €154,565 | +€9,676 | +6.7% |
| Furniture and vehicles | 24 | €371 | €1,349 | +€978 | +264% |
| Other tangible fixed assets | 26 | €144,519 | €153,216 | +€8,698 | +6.0% |
| Current assets | 29/58 | €83,740 | €651,159 | +€567,419 | +678% |
| Amounts receivable within one year | 40/41 | €8,895 | €29,657 | +€20,762 | +233% |
| Trade receivables | 40 | €8,488 | €27,830 | +€19,342 | +228% |
| Other amounts receivable | 41 | €407 | €1,827 | +€1,420 | +349% |
| Current investments | 50/53 | - | €375,000 | +€375,000 | |
| Cash at bank and in hand | 54/58 | €74,845 | €239,510 | +€164,665 | +220% |
| Deferred charges and accrued income | 490/1 | - | €6,992 | +€6,992 | |
| Total equity and liabilities | 10/49 | €228,630 | €805,724 | +€577,094 | +252% |
| Equity | 10/15 | €222,363 | €18,600 | -€203,763 | -91.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,763 | €0 | -€203,763 | -100% |
| Distributable reserves | 133 | €203,763 | €0 | -€203,763 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,267 | €787,124 | +€780,857 | +12,460% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €6,267 | €637,124 | +€630,857 | +10,067% |
| Trade debts | 44 | - | €2,213 | +€2,213 | |
| Suppliers | 440/4 | - | €2,213 | +€2,213 | |
| Taxes, remuneration and social security | 45 | €4,495 | €11,211 | +€6,716 | +149% |
| Taxes | 450/3 | €4,495 | €11,211 | +€6,716 | +149% |
| Other amounts payable | 47/48 | €1,772 | €623,700 | +€621,929 | +35,104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,524 | €1,304 | -€24,221 | -94.9% |
| Other operating charges | 640/8 | €2,809 | €2,385 | -€424 | -15.1% |
| Gross operating margin | 9900 | €15,435 | €762,134 | +€746,699 | +4,838% |
| Operating profit (loss) | 9901 | -€12,898 | €758,445 | +€771,344 | |
| Financial income | 75/76B | - | €5,834 | +€5,834 | |
| Recurring financial income | 75 | - | €5,834 | +€5,834 | |
| Financial charges | 65/66B | €266 | €199 | -€67 | -25.4% |
| Recurring financial charges | 65 | €266 | €199 | -€67 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,164 | €764,081 | +€777,245 | |
| Income taxes | 67/77 | €1,843 | €194,144 | +€192,301 | +10,434% |
| Profit (loss) for the period | 9904 | -€15,007 | €569,937 | +€584,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,007 | €569,937 | +€584,944 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.