LaTo: 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.
LaTo
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€78,467
down €78,467 (-64.7%), from €121,244 to €42,776
mainly Debts after one year (-€203,499) and Current investments (-€80,000)
- Tangible fixed assets -€22,286
down €22,286 (-2.5%), from €900,587 to €878,302
of which Land and buildings: -€25,466
- Receivables within one year -€18,757
down €18,757 (-28.0%), from €67,024 to €48,267
of which Trade receivables: -€22,945
- Debts after one year -€203,499
down €203,499 (-29.3%), from €695,109 to €491,610
- Current portion of long-term debt +€176,273
up €176,273 (+500.9%), from €35,188 to €211,462
- Gross operating margin -€24,271
down €24,271 (-36.6%), from €66,387 to €42,116
- Taxes -€5,001
down €5,001, from €4,869 to -€133
- Financial charges -€2,128
down €2,128 (-10.1%), from €21,049 to €18,921
- Financial income -€953
down €953 (-39.2%), from €2,431 to €1,478
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 | €1,090,844 | €1,051,107 | -€39,737 | -3.6% |
| Fixed assets | 21/28 | €900,587 | €878,302 | -€22,286 | -2.5% |
| Tangible fixed assets | 22/27 | €900,587 | €878,302 | -€22,286 | -2.5% |
| Land and buildings | 22 | €893,546 | €868,079 | -€25,466 | -2.9% |
| Plant, machinery and equipment | 23 | €1,076 | €1,624 | +€548 | +50.9% |
| Furniture and vehicles | 24 | €1,744 | €4,830 | +€3,086 | +176.9% |
| Other tangible fixed assets | 26 | €4,221 | €3,768 | -€453 | -10.7% |
| Current assets | 29/58 | €190,256 | €172,805 | -€17,451 | -9.2% |
| Amounts receivable within one year | 40/41 | €67,024 | €48,267 | -€18,757 | -28.0% |
| Trade receivables | 40 | €58,540 | €35,594 | -€22,945 | -39.2% |
| Other amounts receivable | 41 | €8,484 | €12,673 | +€4,188 | +49.4% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €121,244 | €42,776 | -€78,467 | -64.7% |
| Deferred charges and accrued income | 490/1 | €1,989 | €1,762 | -€227 | -11.4% |
| Total equity and liabilities | 10/49 | €1,090,844 | €1,051,107 | -€39,737 | -3.6% |
| Equity | 10/15 | €341,741 | €331,560 | -€10,181 | -3.0% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €111,741 | €111,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €88,741 | €88,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,181 | -€10,181 | |
| Amounts payable | 17/49 | €749,103 | €719,547 | -€29,556 | -3.9% |
| Amounts payable after more than one year | 17 | €695,109 | €491,610 | -€203,499 | -29.3% |
| Financial debts | 170/4 | €695,109 | €491,610 | -€203,499 | -29.3% |
| Amounts payable within one year | 42/48 | €53,994 | €227,007 | +€173,013 | +320.4% |
| Current portion of amounts payable after more than one year | 42 | €35,188 | €211,462 | +€176,273 | +500.9% |
| Trade debts | 44 | €6,653 | €6,520 | -€133 | -2.0% |
| Suppliers | 440/4 | €6,653 | €6,520 | -€133 | -2.0% |
| Taxes, remuneration and social security | 45 | €3,828 | €59 | -€3,769 | -98.5% |
| Taxes | 450/3 | €2,828 | €59 | -€2,769 | -97.9% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €8,324 | €8,966 | +€642 | +7.7% |
| Accrued charges and deferred income | 492/3 | - | €930 | +€930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,581 | €27,892 | +€311 | +1.1% |
| Other operating charges | 640/8 | €6,682 | €7,094 | +€412 | +6.2% |
| Gross operating margin | 9900 | €66,387 | €42,116 | -€24,271 | -36.6% |
| Operating profit (loss) | 9901 | €32,125 | €7,130 | -€24,995 | -77.8% |
| Financial income | 75/76B | €2,431 | €1,478 | -€953 | -39.2% |
| Recurring financial income | 75 | €2,431 | €1,478 | -€953 | -39.2% |
| Financial charges | 65/66B | €21,049 | €18,921 | -€2,128 | -10.1% |
| Recurring financial charges | 65 | €21,049 | €18,921 | -€2,128 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €13,507 | -€10,314 | -€23,821 | |
| Income taxes | 67/77 | €4,869 | -€133 | -€5,001 | |
| Profit (loss) for the period | 9904 | €8,638 | -€10,181 | -€18,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,638 | -€10,181 | -€18,819 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.