Latitude J: 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.
Latitude J
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€47,395
up €47,395 (+14.4%), from €328,285 to €375,680
mainly Debts within one year (+€140,668) and Current investments (+€100,000)
- Tangible fixed assets +€25,261
up €25,261 (+267%), from €9,470 to €34,731
of which Furniture and vehicles: +€23,869
- Accrued charges and deferred income -€169,948
down €169,948 (-92.6%), from €183,523 to €13,575
- Debts within one year +€140,668
up €140,668 (+58.2%), from €241,658 to €382,326
- Profit (loss) carried forward +€9,196
up €9,196 (+14.1%), from €65,279 to €74,475
- Gross operating margin +€150,485
up €150,485 (+32.3%), from €466,054 to €616,539
- Staff costs +€146,484
up €146,484 (+32.4%), from €452,631 to €599,115
- Depreciation +€6,299
up €6,299 (+221%), from €2,849 to €9,148
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 | €497,935 | €476,578 | -€21,357 | -4.3% |
| Fixed assets | 21/28 | €9,770 | €35,731 | +€25,961 | +266% |
| Intangible fixed assets | 21 | - | €1,000 | +€1,000 | |
| Tangible fixed assets | 22/27 | €9,470 | €34,731 | +€25,261 | +267% |
| Plant, machinery and equipment | 23 | €8,987 | €10,379 | +€1,392 | +15.5% |
| Furniture and vehicles | 24 | €483 | €24,352 | +€23,869 | +4,942% |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €488,165 | €440,847 | -€47,318 | -9.7% |
| Amounts receivable within one year | 40/41 | €52,056 | €55,653 | +€3,597 | +6.9% |
| Trade receivables | 40 | €506 | €20 | -€486 | -96.0% |
| Other amounts receivable | 41 | €51,550 | €55,633 | +€4,083 | +7.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €328,285 | €375,680 | +€47,395 | +14.4% |
| Deferred charges and accrued income | 490/1 | €7,824 | €9,514 | +€1,690 | +21.6% |
| Total equity and liabilities | 10/49 | €497,935 | €476,578 | -€21,357 | -4.3% |
| Equity | 10/15 | €72,754 | €80,677 | +€7,923 | +10.9% |
| Profit (loss) carried forward | 14 | €65,279 | €74,475 | +€9,196 | +14.1% |
| Investment grants | 15 | €7,475 | €6,202 | -€1,273 | -17.0% |
| Amounts payable | 17/49 | €425,181 | €395,901 | -€29,280 | -6.9% |
| Amounts payable within one year | 42/48 | €241,658 | €382,326 | +€140,668 | +58.2% |
| Trade debts | 44 | €7,468 | €9,255 | +€1,787 | +23.9% |
| Suppliers | 440/4 | €7,468 | €9,255 | +€1,787 | +23.9% |
| Taxes, remuneration and social security | 45 | €54,757 | €93,335 | +€38,578 | +70.5% |
| Taxes | 450/3 | €12,994 | €20,812 | +€7,818 | +60.2% |
| Remuneration and social security | 454/9 | €41,763 | €72,523 | +€30,760 | +73.7% |
| Accrued charges and deferred income | 492/3 | €183,523 | €13,575 | -€169,948 | -92.6% |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Remuneration, social security and pensions | 62 | €452,631 | €599,115 | +€146,484 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,849 | €9,148 | +€6,299 | +221% |
| Other operating charges | 640/8 | €883 | €1,555 | +€672 | +76.1% |
| Non-recurring operating charges | 66A | €26 | - | -€26 | |
| Gross operating margin | 9900 | €466,054 | €616,539 | +€150,485 | +32.3% |
| Operating profit (loss) | 9901 | €9,665 | €6,721 | -€2,944 | -30.5% |
| Financial income | 75/76B | €2,851 | €2,841 | -€10 | -0.4% |
| Recurring financial income | 75 | €2,851 | €2,841 | -€10 | -0.4% |
| Financial charges | 65/66B | €46 | €60 | +€14 | +30.4% |
| Recurring financial charges | 65 | €46 | €60 | +€14 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €12,470 | €9,502 | -€2,968 | -23.8% |
| Income taxes | 67/77 | - | €306 | +€306 | |
| Profit (loss) for the period | 9904 | €12,470 | €9,196 | -€3,274 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,470 | €9,196 | -€3,274 | -26.3% |
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 1 November 2026 via checked.be.