LATORRACA: 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.
LATORRACA
Largest movements
- Cash +€6,825
up €6,825 (+3.4%), from €201,279 to €208,104
mainly Debts after one year (+€31,831) and Net result for the year (+€9,750)
- Receivables within one year +€5,606
up €5,606 (+73.0%), from €7,684 to €13,289
of which Other amounts receivable: +€3,370
- Tangible fixed assets +€4,977
up €4,977 (+84.9%), from €5,863 to €10,840
of which Plant, machinery and equipment: +€4,198
- Stocks and contracts -€4,420
down €4,420 (-5.5%), from €79,976 to €75,556
- Provisions -€36,645
no longer reported in 2025 (was €36,645)
- Debts after one year +€31,831
new in 2025: €31,831
- Reserves +€9,750
up €9,750 (+4.6%), from €210,524 to €220,274
- Current portion of long-term debt +€7,489
new in 2025: €7,489
- Provisions -€40,545
down €40,545, from €3,900 to -€36,645
- Gross operating margin -€12,617
down €12,617 (-13.6%), from €92,857 to €80,241
- Staff costs +€3,918
up €3,918 (+4.3%), from €92,154 to €96,071
- Depreciation +€1,823
up €1,823 (+88.3%), from €2,064 to €3,888
- Financial charges +€1,572
up €1,572 (+246.9%), from €637 to €2,208
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 | €294,873 | €307,789 | +€12,916 | +4.4% |
| Fixed assets | 21/28 | €5,863 | €10,840 | +€4,977 | +84.9% |
| Tangible fixed assets | 22/27 | €5,863 | €10,840 | +€4,977 | +84.9% |
| Plant, machinery and equipment | 23 | €2,743 | €6,941 | +€4,198 | +153.1% |
| Furniture and vehicles | 24 | €3,120 | €2,190 | -€930 | -29.8% |
| Other tangible fixed assets | 26 | - | €1,708 | +€1,708 | |
| Current assets | 29/58 | €289,010 | €296,950 | +€7,940 | +2.7% |
| Stocks and contracts in progress | 3 | €79,976 | €75,556 | -€4,420 | -5.5% |
| Stocks | 30/36 | €79,976 | €75,556 | -€4,420 | -5.5% |
| Amounts receivable within one year | 40/41 | €7,684 | €13,289 | +€5,606 | +73.0% |
| Trade receivables | 40 | €1,546 | €3,782 | +€2,236 | +144.6% |
| Other amounts receivable | 41 | €6,138 | €9,508 | +€3,370 | +54.9% |
| Cash at bank and in hand | 54/58 | €201,279 | €208,104 | +€6,825 | +3.4% |
| Deferred charges and accrued income | 490/1 | €71 | - | -€71 | |
| Total equity and liabilities | 10/49 | €294,873 | €307,789 | +€12,916 | +4.4% |
| Equity | 10/15 | €229,124 | €238,874 | +€9,750 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,524 | €220,274 | +€9,750 | +4.6% |
| Non-distributable reserves | 130/1 | €210,524 | €220,274 | +€9,750 | +4.6% |
| Reserves not available under the articles | 1311 | €210,524 | €220,274 | +€9,750 | +4.6% |
| Provisions and deferred taxes | 16 | €36,645 | - | -€36,645 | |
| Provisions for liabilities and charges | 160/5 | €36,645 | - | -€36,645 | |
| Major repairs and maintenance | 162 | €36,645 | - | -€36,645 | |
| Amounts payable | 17/49 | €29,104 | €68,915 | +€39,811 | +136.8% |
| Amounts payable after more than one year | 17 | - | €31,831 | +€31,831 | |
| Financial debts | 170/4 | - | €31,831 | +€31,831 | |
| Amounts payable within one year | 42/48 | €29,104 | €37,084 | +€7,980 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,489 | +€7,489 | |
| Trade debts | 44 | €11,827 | €11,835 | +€8 | +0.1% |
| Suppliers | 440/4 | €11,827 | €11,835 | +€8 | +0.1% |
| Taxes, remuneration and social security | 45 | €16,494 | €15,349 | -€1,145 | -6.9% |
| Taxes | 450/3 | €9,749 | €8,461 | -€1,288 | -13.2% |
| Remuneration and social security | 454/9 | €6,745 | €6,888 | +€144 | +2.1% |
| Other amounts payable | 47/48 | €783 | €2,411 | +€1,628 | +207.9% |
| Remuneration, social security and pensions | 62 | €92,154 | €96,071 | +€3,918 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €3,888 | +€1,823 | +88.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,900 | -€36,645 | -€40,545 | |
| Other operating charges | 640/8 | €6,235 | €6,269 | +€34 | +0.5% |
| Gross operating margin | 9900 | €92,857 | €80,241 | -€12,617 | -13.6% |
| Operating profit (loss) | 9901 | -€11,496 | €10,657 | +€22,153 | |
| Financial income | 75/76B | €511 | €1,337 | +€826 | +161.4% |
| Recurring financial income | 75 | €511 | €1,337 | +€826 | +161.4% |
| Financial charges | 65/66B | €637 | €2,208 | +€1,572 | +246.9% |
| Recurring financial charges | 65 | €637 | €2,208 | +€1,572 | +246.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,621 | €9,786 | +€21,408 | |
| Income taxes | 67/77 | -€423 | €37 | +€460 | |
| Profit (loss) for the period | 9904 | -€11,198 | €9,750 | +€20,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,198 | €9,750 | +€20,948 |
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.