LATONE: 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.
LATONE
Largest movements
- Tangible fixed assets +€482,282
up €482,282 (+222.6%), from €216,626 to €698,908
of which Land and buildings: +€488,080
- Cash -€59,001
down €59,001 (-43.8%), from €134,854 to €75,853
mainly Investment in fixed assets (net) (-€505,515) and Contributions, distributions and other (-€87,402)
- Deferred charges and accrued income -€14,859
down €14,859 (-72.1%), from €20,608 to €5,749
- Debts after one year +€352,838
up €352,838 (+338.2%), from €104,320 to €457,158
- Other debts +€85,737
up €85,737 (+1610.4%), from €5,324 to €91,061
- Reserves -€46,019
down €46,019 (-13.9%), from €330,540 to €284,521
of which Distributable reserves: -€46,019
- Current portion of long-term debt +€15,063
up €15,063 (+54.6%), from €27,602 to €42,665
- Tax, wage and social debts +€9,960
up €9,960 (+111.3%), from €8,945 to €18,905
of which Taxes: +€7,606
- Depreciation +€9,290
up €9,290 (+66.6%), from €13,943 to €23,233
- Taxes -€8,770
down €8,770 (-35.2%), from €24,928 to €16,158
- Financial charges +€7,784
up €7,784 (+142.9%), from €5,446 to €13,230
- Gross operating margin -€3,608
down €3,608 (-3.7%), from €98,701 to €95,093
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 | €498,734 | €913,522 | +€414,788 | +83.2% |
| Fixed assets | 21/28 | €216,626 | €698,908 | +€482,282 | +222.6% |
| Tangible fixed assets | 22/27 | €216,626 | €698,908 | +€482,282 | +222.6% |
| Land and buildings | 22 | €196,584 | €684,664 | +€488,080 | +248.3% |
| Plant, machinery and equipment | 23 | €11,993 | €8,334 | -€3,659 | -30.5% |
| Furniture and vehicles | 24 | €4,087 | €1,948 | -€2,139 | -52.3% |
| Other tangible fixed assets | 26 | €3,962 | €3,962 | = | 0.0% |
| Current assets | 29/58 | €282,108 | €214,614 | -€67,494 | -23.9% |
| Amounts receivable within one year | 40/41 | €26,646 | €33,012 | +€6,366 | +23.9% |
| Trade receivables | 40 | €24,724 | €25,848 | +€1,124 | +4.5% |
| Other amounts receivable | 41 | €1,922 | €7,164 | +€5,242 | +272.7% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,854 | €75,853 | -€59,001 | -43.8% |
| Deferred charges and accrued income | 490/1 | €20,608 | €5,749 | -€14,859 | -72.1% |
| Total equity and liabilities | 10/49 | €498,734 | €913,522 | +€414,788 | +83.2% |
| Equity | 10/15 | €336,740 | €290,721 | -€46,019 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €330,540 | €284,521 | -€46,019 | -13.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €328,680 | €282,661 | -€46,019 | -14.0% |
| Amounts payable | 17/49 | €161,994 | €622,801 | +€460,807 | +284.5% |
| Amounts payable after more than one year | 17 | €104,320 | €457,158 | +€352,838 | +338.2% |
| Financial debts | 170/4 | €104,320 | €457,158 | +€352,838 | +338.2% |
| Amounts payable within one year | 42/48 | €56,968 | €164,876 | +€107,908 | +189.4% |
| Current portion of amounts payable after more than one year | 42 | €27,602 | €42,665 | +€15,063 | +54.6% |
| Trade debts | 44 | €15,097 | €12,245 | -€2,852 | -18.9% |
| Suppliers | 440/4 | €15,097 | €12,245 | -€2,852 | -18.9% |
| Taxes, remuneration and social security | 45 | €8,945 | €18,905 | +€9,960 | +111.3% |
| Taxes | 450/3 | €8,945 | €16,551 | +€7,606 | +85.0% |
| Remuneration and social security | 454/9 | - | €2,354 | +€2,354 | |
| Other amounts payable | 47/48 | €5,324 | €91,061 | +€85,737 | +1610.4% |
| Accrued charges and deferred income | 492/3 | €706 | €767 | +€61 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,943 | €23,233 | +€9,290 | +66.6% |
| Other operating charges | 640/8 | €1,747 | €1,849 | +€102 | +5.8% |
| Gross operating margin | 9900 | €98,701 | €95,093 | -€3,608 | -3.7% |
| Operating profit (loss) | 9901 | €83,011 | €70,011 | -€13,000 | -15.7% |
| Financial income | 75/76B | €1,259 | €760 | -€499 | -39.6% |
| Recurring financial income | 75 | €1,259 | €760 | -€499 | -39.6% |
| Financial charges | 65/66B | €5,446 | €13,230 | +€7,784 | +142.9% |
| Recurring financial charges | 65 | €5,446 | €13,230 | +€7,784 | +142.9% |
| Profit (loss) for the period before taxes | 9903 | €78,824 | €57,541 | -€21,283 | -27.0% |
| Income taxes | 67/77 | €24,928 | €16,158 | -€8,770 | -35.2% |
| Profit (loss) for the period | 9904 | €53,896 | €41,383 | -€12,513 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,896 | €41,383 | -€12,513 | -23.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.