LaTo: what changed
What changed
LaTo
NACE 69.102, Activities of notaries
filed annual accounts (NBB)
Net result for the year
€625,530
2024 · €122,646+€502,884
Equity
€2.4m
2024 · €2.0m+€385,530
Cash
€13.7m
2024 · €9.7m+€3.9m
Balance sheet total
€17.9m
2024 · €13.8m+€4.1m
Largest movements
Assets
- Cash +€3.9m
up €3.9m (+40.2%), from €9.7m to €13.7m
mainly Trade debts (+€3.2m) and Tax, wage and social debts (+€677,270)
- Receivables after one year +€454,818
up €454,818 (+102%), from €444,279 to €899,097
- Intangible fixed assets -€446,726
down €446,726 (-18.9%), from €2.4m to €1.9m
Equity and liabilities
- Trade debts +€3.2m
up €3.2m (+44.7%), from €7.2m to €10.4m
- Tax, wage and social debts +€677,270
up €677,270 (+39.8%), from €1.7m to €2.4m
of which Remuneration and social security: +€627,109
- Other debts +€529,633
up €529,633 (+318%), from €166,407 to €696,039
- Debts after one year -€491,317
down €491,317 (-24.4%), from €2.0m to €1.5m
- Profit (loss) carried forward +€385,530
up €385,530 (+19.7%), from €2.0m to €2.3m
Income statement
- Turnover +€975,607
up €975,607 (+17.1%), from €5.7m to €6.7m
- Purchases and services +€504,309
up €504,309 (+18.0%), from €2.8m to €3.3m
- Gross operating margin +€477,321
up €477,321 (+16.1%), from €3.0m to €3.4m
- Staff costs -€103,235
down €103,235 (-5.1%), from €2.0m to €1.9m
- Other operating charges +€87,343
up €87,343 (+106%), from €82,019 to €169,361
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.
Result 2024
€122,646
Gross operating margin
+€477,321
Staff costs
+€103,235
Depreciation
+€6,978
Other operating charges
-€87,343
Financial income
+€49,382
Financial charges
+€38,017
Taxes
-€84,706
Result 2025
€625,530
raises the resultlowers the result
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.
From operations
+€5.1m
Investment
-€199,646
Financing
-€944,582
Cash 2024
€9.7m
From operations (derived)
+€5.1m
Net result for the year
+€625,530
Depreciation
+€651,377
Receivables after one year
-€454,818
Receivables within one year
-€176,481
Trade debts
+€3.2m
Tax, wage and social debts
+€677,270
Other debts
+€529,633
Investment (derived)
-€199,646
Investment in fixed assets (net)
-€199,646
Financing
-€944,582
Debts after one year
-€491,317
Current portion of long-term debt
-€88,398
Short-term financial debts
-€124,868
Contributions, distributions and other
-€240,000
Cash 2025
€13.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,769,518 | €17,860,705 | +€4.1m | +29.7% |
| Fixed assets | 21/28 | €3,249,316 | €2,797,585 | -€451,731 | -13.9% |
| Intangible fixed assets | 21 | €2,360,568 | €1,913,842 | -€446,726 | -18.9% |
| Tangible fixed assets | 22/27 | €888,749 | €883,744 | -€5,005 | -0.6% |
| Plant, machinery and equipment | 23 | €6,096 | €55 | -€6,041 | -99.1% |
| Furniture and vehicles | 24 | €101,539 | €232,432 | +€130,892 | +129% |
| Other tangible fixed assets | 26 | €781,113 | €651,257 | -€129,856 | -16.6% |
| Current assets | 29/58 | €10,520,201 | €15,063,120 | +€4.5m | +43.2% |
| Amounts receivable after more than one year | 29 | €444,279 | €899,097 | +€454,818 | +102% |
| Other amounts receivable | 291 | €444,279 | €899,097 | +€454,818 | +102% |
| Amounts receivable within one year | 40/41 | €333,642 | €510,122 | +€176,481 | +52.9% |
| Trade receivables | 40 | €17,912 | €138,519 | +€120,607 | +673% |
| Other amounts receivable | 41 | €315,730 | €371,603 | +€55,873 | +17.7% |
| Cash at bank and in hand | 54/58 | €9,742,281 | €13,653,900 | +€3.9m | +40.2% |
| Total equity and liabilities | 10/49 | €13,769,518 | €17,860,705 | +€4.1m | +29.7% |
| Equity | 10/15 | €2,016,451 | €2,401,981 | +€385,530 | +19.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,961,451 | €2,346,981 | +€385,530 | +19.7% |
| Amounts payable | 17/49 | €11,753,067 | €15,458,724 | +€3.7m | +31.5% |
| Amounts payable after more than one year | 17 | €2,012,938 | €1,521,621 | -€491,317 | -24.4% |
| Financial debts | 170/4 | €2,012,938 | €1,521,621 | -€491,317 | -24.4% |
| Amounts payable within one year | 42/48 | €9,740,129 | €13,937,103 | +€4.2m | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €579,714 | €491,317 | -€88,398 | -15.2% |
| Financial debts | 43 | €124,868 | €0 | -€124,868 | -100% |
| Credit institutions | 430/8 | €124,868 | €0 | -€124,868 | -100% |
| Trade debts | 44 | €7,169,225 | €10,372,561 | +€3.2m | +44.7% |
| Suppliers | 440/4 | €7,169,225 | €10,372,561 | +€3.2m | +44.7% |
| Taxes, remuneration and social security | 45 | €1,699,915 | €2,377,186 | +€677,270 | +39.8% |
| Taxes | 450/3 | €76,619 | €126,781 | +€50,162 | +65.5% |
| Remuneration and social security | 454/9 | €1,623,296 | €2,250,405 | +€627,109 | +38.6% |
| Other amounts payable | 47/48 | €166,407 | €696,039 | +€529,633 | +318% |
| Turnover | 70 | €5,715,159 | €6,690,767 | +€975,607 | +17.1% |
| Non-recurring operating income | 76A | - | €2,110 | +€2,110 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,805,536 | €3,309,845 | +€504,309 | +18.0% |
| Remuneration, social security and pensions | 62 | €2,020,247 | €1,917,012 | -€103,235 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658,355 | €651,377 | -€6,978 | -1.1% |
| Other operating charges | 640/8 | €82,019 | €169,361 | +€87,343 | +106% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,966,272 | €3,443,592 | +€477,321 | +16.1% |
| Operating profit (loss) | 9901 | €205,651 | €705,842 | +€500,191 | +243% |
| Financial income | 75/76B | €56,088 | €105,469 | +€49,382 | +88.0% |
| Recurring financial income | 75 | €56,088 | €105,469 | +€49,382 | +88.0% |
| Financial charges | 65/66B | €58,366 | €20,349 | -€38,017 | -65.1% |
| Recurring financial charges | 65 | €58,366 | €20,349 | -€38,017 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €203,373 | €790,963 | +€587,590 | +289% |
| Income taxes | 67/77 | €80,727 | €165,433 | +€84,706 | +105% |
| Profit (loss) for the period | 9904 | €122,646 | €625,530 | +€502,884 | +410% |
| Profit (loss) for the period to be appropriated | 9905 | €122,646 | €625,530 | +€502,884 | +410% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.