LATRIAN: 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.
LATRIAN
Largest movements
- Receivables within one year +€58,184
up €58,184 (+19.0%), from €306,200 to €364,384
of which Trade receivables: +€45,150
- Current investments +€21,675
up €21,675 (+29.8%), from €72,847 to €94,522
- Tangible fixed assets -€16,938
down €16,938 (-2.5%), from €685,613 to €668,675
of which Land and buildings: -€16,754
- Cash -€14,997
down €14,997 (-56.0%), from €26,790 to €11,793
mainly Receivables within one year (-€58,184) and Debts after one year (-€46,204)
- Reserves +€92,845
up €92,845 (+21.9%), from €424,349 to €517,194
- Debts after one year -€46,204
down €46,204 (-8.1%), from €569,478 to €523,274
- Gross operating margin -€81,356
down €81,356 (-36.1%), from €225,325 to €143,969
- Taxes -€16,177
down €16,177 (-43.8%), from €36,967 to €20,789
- Financial income +€11,774
up €11,774 (+1212.0%), from €971 to €12,745
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 | €1,091,450 | €1,139,375 | +€47,925 | +4.4% |
| Fixed assets | 21/28 | €685,613 | €668,675 | -€16,938 | -2.5% |
| Tangible fixed assets | 22/27 | €685,613 | €668,675 | -€16,938 | -2.5% |
| Land and buildings | 22 | €685,238 | €668,484 | -€16,754 | -2.4% |
| Furniture and vehicles | 24 | €374 | €191 | -€183 | -49.0% |
| Current assets | 29/58 | €405,837 | €470,700 | +€64,863 | +16.0% |
| Amounts receivable within one year | 40/41 | €306,200 | €364,384 | +€58,184 | +19.0% |
| Trade receivables | 40 | €306,200 | €351,350 | +€45,150 | +14.7% |
| Other amounts receivable | 41 | - | €13,034 | +€13,034 | |
| Current investments | 50/53 | €72,847 | €94,522 | +€21,675 | +29.8% |
| Cash at bank and in hand | 54/58 | €26,790 | €11,793 | -€14,997 | -56.0% |
| Total equity and liabilities | 10/49 | €1,091,450 | €1,139,375 | +€47,925 | +4.4% |
| Equity | 10/15 | €427,349 | €520,194 | +€92,845 | +21.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €424,349 | €517,194 | +€92,845 | +21.9% |
| Distributable reserves | 133 | €424,349 | €517,194 | +€92,845 | +21.9% |
| Amounts payable | 17/49 | €664,101 | €619,181 | -€44,920 | -6.8% |
| Amounts payable after more than one year | 17 | €569,478 | €523,274 | -€46,204 | -8.1% |
| Financial debts | 170/4 | €569,478 | €523,274 | -€46,204 | -8.1% |
| Amounts payable within one year | 42/48 | €94,623 | €95,907 | +€1,284 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €44,822 | €46,204 | +€1,382 | +3.1% |
| Trade debts | 44 | €703 | €1,421 | +€717 | +102.0% |
| Suppliers | 440/4 | €703 | €1,421 | +€717 | +102.0% |
| Taxes, remuneration and social security | 45 | €46,532 | €46,241 | -€291 | -0.6% |
| Taxes | 450/3 | €46,532 | €46,241 | -€291 | -0.6% |
| Other amounts payable | 47/48 | €2,566 | €2,041 | -€525 | -20.5% |
| Remuneration, social security and pensions | 62 | €899 | - | -€899 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,938 | €16,938 | = | 0.0% |
| Other operating charges | 640/8 | €3,627 | €4,338 | +€711 | +19.6% |
| Gross operating margin | 9900 | €225,325 | €143,969 | -€81,356 | -36.1% |
| Operating profit (loss) | 9901 | €203,862 | €122,694 | -€81,168 | -39.8% |
| Financial income | 75/76B | €971 | €12,745 | +€11,774 | +1212.0% |
| Recurring financial income | 75 | €971 | €12,745 | +€11,774 | +1212.0% |
| Financial charges | 65/66B | €22,374 | €21,805 | -€569 | -2.5% |
| Recurring financial charges | 65 | €22,374 | €21,805 | -€569 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €182,460 | €113,635 | -€68,825 | -37.7% |
| Income taxes | 67/77 | €36,967 | €20,789 | -€16,177 | -43.8% |
| Profit (loss) for the period | 9904 | €145,493 | €92,845 | -€52,647 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,493 | €92,845 | -€52,647 | -36.2% |
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 8 October 2026 via checked.be.