Latitudo: 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.
Latitudo
Largest movements
- Cash +€104,680
up €104,680 (+241.7%), from €43,303 to €147,984
mainly Net result for the year (+€145,344) and Stocks and contracts (+€59,000)
- Receivables within one year +€85,356
up €85,356 (+15.2%), from €561,599 to €646,955
of which Other amounts receivable: +€195,369
- Stocks and contracts -€59,000
down €59,000 (-100.0%), from €59,000 to €0
of which Contracts in progress: -€38,000
- Tangible fixed assets +€41,965
up €41,965 (+104.6%), from €40,111 to €82,076
of which Furniture and vehicles: +€47,253
- Deferred charges and accrued income -€11,938
down €11,938 (-72.8%), from €16,390 to €4,452
- Reserves +€230,294
up €230,294 (+12381.4%), from €1,860 to €232,154
of which Distributable reserves: +€230,294
- Profit (loss) carried forward -€84,950
down €84,950 (-100.0%), from €84,950 to €0
- Tax, wage and social debts +€50,365
up €50,365 (+244.1%), from €20,630 to €70,994
of which Taxes: +€40,664
- Trade debts -€42,745
down €42,745 (-20.2%), from €211,819 to €169,074
- Current portion of long-term debt +€42,034
up €42,034 (+985.9%), from €4,263 to €46,297
- Gross operating margin +€160,223
up €160,223 (+58.8%), from €272,403 to €432,626
- Write-downs -€56,884
down €56,884, from €39,008 to -€17,875
- Other operating charges +€33,948
up €33,948 (+655.3%), from €5,180 to €39,129
- Taxes +€26,438
up €26,438, from -€5,415 to €21,023
- Staff costs +€25,765
up €25,765 (+15.0%), from €172,296 to €198,061
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 | €726,403 | €887,467 | +€161,063 | +22.2% |
| Fixed assets | 21/28 | €46,111 | €88,076 | +€41,965 | +91.0% |
| Tangible fixed assets | 22/27 | €40,111 | €82,076 | +€41,965 | +104.6% |
| Land and buildings | 22 | €1,481 | €1,185 | -€296 | -20.0% |
| Plant, machinery and equipment | 23 | €18,268 | €13,275 | -€4,992 | -27.3% |
| Furniture and vehicles | 24 | €20,362 | €67,616 | +€47,253 | +232.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €680,292 | €799,391 | +€119,099 | +17.5% |
| Stocks and contracts in progress | 3 | €59,000 | €0 | -€59,000 | -100.0% |
| Stocks | 30/36 | €21,000 | €0 | -€21,000 | -100.0% |
| Contracts in progress | 37 | €38,000 | €0 | -€38,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €561,599 | €646,955 | +€85,356 | +15.2% |
| Trade receivables | 40 | €520,483 | €410,470 | -€110,013 | -21.1% |
| Other amounts receivable | 41 | €41,116 | €236,485 | +€195,369 | +475.2% |
| Cash at bank and in hand | 54/58 | €43,303 | €147,984 | +€104,680 | +241.7% |
| Deferred charges and accrued income | 490/1 | €16,390 | €4,452 | -€11,938 | -72.8% |
| Total equity and liabilities | 10/49 | €726,403 | €887,467 | +€161,063 | +22.2% |
| Equity | 10/15 | €105,410 | €250,754 | +€145,344 | +137.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €232,154 | +€230,294 | +12381.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €230,294 | +€230,294 | |
| Profit (loss) carried forward | 14 | €84,950 | €0 | -€84,950 | -100.0% |
| Amounts payable | 17/49 | €620,993 | €636,713 | +€15,719 | +2.5% |
| Amounts payable after more than one year | 17 | €205,000 | €171,301 | -€33,699 | -16.4% |
| Financial debts | 170/4 | €205,000 | €171,301 | -€33,699 | -16.4% |
| Amounts payable within one year | 42/48 | €415,504 | €462,922 | +€47,418 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €4,263 | €46,297 | +€42,034 | +985.9% |
| Trade debts | 44 | €211,819 | €169,074 | -€42,745 | -20.2% |
| Suppliers | 440/4 | €211,819 | €169,074 | -€42,745 | -20.2% |
| Taxes, remuneration and social security | 45 | €20,630 | €70,994 | +€50,365 | +244.1% |
| Taxes | 450/3 | €8,387 | €49,051 | +€40,664 | +484.8% |
| Remuneration and social security | 454/9 | €12,242 | €21,943 | +€9,701 | +79.2% |
| Other amounts payable | 47/48 | €178,792 | €176,557 | -€2,235 | -1.2% |
| Accrued charges and deferred income | 492/3 | €490 | €2,490 | +€2,000 | +408.2% |
| Non-recurring operating income | 76A | €4,386 | €0 | -€4,386 | -100.0% |
| Remuneration, social security and pensions | 62 | €172,296 | €198,061 | +€25,765 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,832 | €24,531 | +€3,699 | +17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,008 | -€17,875 | -€56,884 | |
| Other operating charges | 640/8 | €5,180 | €39,129 | +€33,948 | +655.3% |
| Non-recurring operating charges | 66A | €29,719 | €0 | -€29,719 | -100.0% |
| Gross operating margin | 9900 | €272,403 | €432,626 | +€160,223 | +58.8% |
| Operating profit (loss) | 9901 | €5,367 | €188,781 | +€183,414 | +3417.2% |
| Financial income | 75/76B | €408 | €218 | -€190 | -46.6% |
| Recurring financial income | 75 | €408 | €218 | -€190 | -46.6% |
| Financial charges | 65/66B | €3,641 | €22,631 | +€18,990 | +521.5% |
| Recurring financial charges | 65 | €3,641 | €22,631 | +€18,990 | +521.5% |
| Profit (loss) for the period before taxes | 9903 | €2,134 | €166,368 | +€164,234 | +7696.8% |
| Income taxes | 67/77 | -€5,415 | €21,023 | +€26,438 | |
| Profit (loss) for the period | 9904 | €7,549 | €145,344 | +€137,796 | +1825.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,549 | €145,344 | +€137,796 | +1825.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.