LATITUDE OCEANE: 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 OCEANE
Largest movements
- Current assets +€35,730
up €35,730 (+11.4%), from €312,281 to €348,011
of which Cash: +€41,566
- Tangible fixed assets -€13,189
down €13,189 (-28.1%), from €46,863 to €33,674
- Equity +€17,634
up €17,634 (+7.3%), from €241,016 to €258,650
of which Reserves: +€17,634
- Debts +€4,979
up €4,979 (+4.0%), from €125,353 to €130,332
of which Debts within one year: +€7,943
- Taxes +€33,601
up €33,601 (+247%), from €13,602 to €47,202
- Gross operating margin +€28,027
up €28,027 (+39.1%), from €71,599 to €99,626
- Depreciation -€1,745
down €1,745 (-11.7%), from €14,934 to €13,189
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,370 | €388,982 | +€22,613 | +6.2% |
| Fixed assets | 21/28 | €54,088 | €40,971 | -€13,117 | -24.3% |
| Tangible fixed assets | 22/27 | €46,863 | €33,674 | -€13,189 | -28.1% |
| Financial fixed assets | 28 | €7,225 | €7,297 | +€72 | +1.0% |
| Current assets | 29/58 | €312,281 | €348,011 | +€35,730 | +11.4% |
| Amounts receivable within one year | 40/41 | €197,921 | €212,176 | +€14,255 | +7.2% |
| Cash at bank and in hand | 54/58 | €94,269 | €135,835 | +€41,566 | +44.1% |
| Total equity and liabilities | 10/49 | €366,370 | €388,982 | +€22,613 | +6.2% |
| Equity | 10/15 | €241,016 | €258,650 | +€17,634 | +7.3% |
| Contributions | 10/11 | €30,000 | - | -€30,000 | |
| Reserves | 13 | €62,956 | €80,590 | +€17,634 | +28.0% |
| Profit (loss) carried forward | 14 | €148,060 | €148,060 | = | 0.0% |
| Amounts payable | 17/49 | €125,353 | €130,332 | +€4,979 | +4.0% |
| Amounts payable after more than one year | 17 | €14,500 | €11,200 | -€3,300 | -22.8% |
| Amounts payable within one year | 42/48 | €105,397 | €113,340 | +€7,943 | +7.5% |
| Trade debts | 44 | €8,457 | €1,541 | -€6,916 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,934 | €13,189 | -€1,745 | -11.7% |
| Gross operating margin | 9900 | €71,599 | €99,626 | +€28,027 | +39.1% |
| Operating profit (loss) | 9901 | €53,244 | €65,800 | +€12,556 | +23.6% |
| Recurring financial income | 75 | €240 | €235 | -€5 | -2.2% |
| Recurring financial charges | 65 | €1,203 | €1,198 | -€4 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €52,282 | €64,836 | +€12,555 | +24.0% |
| Income taxes | 67/77 | €13,602 | €47,202 | +€33,601 | +247% |
| Profit (loss) for the period | 9904 | €38,680 | €17,634 | -€21,046 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,680 | €17,634 | -€21,046 | -54.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.