Latthée: what changed
Two financial 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.
Latthée
Largest movements
- Cash -€7,398
down €7,398 (-38.6%), from €19,186 to €11,789
mainly Net result for the year (-€7,904) and Receivables within one year (-€3,006)
- Receivables within one year +€3,006
up €3,006 (+96.9%), from €3,102 to €6,108
of which Other amounts receivable: +€2,898
- Tangible fixed assets -€756
down €756 (-94.9%), from €797 to €40
of which Furniture and vehicles: -€500
- Stocks and contracts -€379
down €379 (-10.6%), from €3,587 to €3,209
- Profit (loss) carried forward -€7,904
down €7,904 (-39.0%), from -€20,250 to -€28,154
- Tax, wage and social debts +€4,659
up €4,659 (+63.6%), from €7,329 to €11,988
of which Remuneration and social security: +€3,818
- Trade debts -€1,391
down €1,391 (-17.0%), from €8,203 to €6,812
- Other debts -€1,138
down €1,138 (-14.8%), from €7,668 to €6,530
- Accrued charges and deferred income +€834
up €834 (+37.3%), from €2,236 to €3,070
- Gross operating margin -€11,516
down €11,516 (-72.8%), from €15,826 to €4,309
- Financial charges +€721
up €721 (+136%), from €530 to €1,251
- Staff costs -€561
down €561 (-5.8%), from €9,659 to €9,098
- Financial income -€177
down €177 (-56.7%), from €313 to €135
- Other operating charges -€158
down €158 (-11.4%), from €1,392 to €1,233
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.
Derived cash bridge
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 | €36,272 | €30,746 | -€5,527 | -15.2% |
| Fixed assets | 21/28 | €10,397 | €9,640 | -€756 | -7.3% |
| Tangible fixed assets | 22/27 | €797 | €40 | -€756 | -94.9% |
| Plant, machinery and equipment | 23 | €256 | €0 | -€256 | -100% |
| Furniture and vehicles | 24 | €540 | €40 | -€500 | -92.5% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €25,876 | €21,105 | -€4,771 | -18.4% |
| Stocks and contracts in progress | 3 | €3,587 | €3,209 | -€379 | -10.6% |
| Stocks | 30/36 | €3,587 | €3,209 | -€379 | -10.6% |
| Amounts receivable within one year | 40/41 | €3,102 | €6,108 | +€3,006 | +96.9% |
| Trade receivables | 40 | - | €108 | +€108 | |
| Other amounts receivable | 41 | €3,102 | €6,000 | +€2,898 | +93.4% |
| Cash at bank and in hand | 54/58 | €19,186 | €11,789 | -€7,398 | -38.6% |
| Total equity and liabilities | 10/49 | €36,272 | €30,746 | -€5,527 | -15.2% |
| Equity | 10/15 | €9,750 | €1,846 | -€7,904 | -81.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,250 | -€28,154 | -€7,904 | -39.0% |
| Amounts payable | 17/49 | €26,522 | €28,900 | +€2,378 | +9.0% |
| Amounts payable within one year | 42/48 | €24,287 | €25,830 | +€1,544 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €1,087 | €500 | -€587 | -54.0% |
| Trade debts | 44 | €8,203 | €6,812 | -€1,391 | -17.0% |
| Suppliers | 440/4 | €8,203 | €6,812 | -€1,391 | -17.0% |
| Taxes, remuneration and social security | 45 | €7,329 | €11,988 | +€4,659 | +63.6% |
| Taxes | 450/3 | €2,556 | €3,397 | +€841 | +32.9% |
| Remuneration and social security | 454/9 | €4,773 | €8,591 | +€3,818 | +80.0% |
| Other amounts payable | 47/48 | €7,668 | €6,530 | -€1,138 | -14.8% |
| Accrued charges and deferred income | 492/3 | €2,236 | €3,070 | +€834 | +37.3% |
| Remuneration, social security and pensions | 62 | €9,659 | €9,098 | -€561 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €756 | -€43 | -5.4% |
| Other operating charges | 640/8 | €1,392 | €1,233 | -€158 | -11.4% |
| Gross operating margin | 9900 | €15,826 | €4,309 | -€11,516 | -72.8% |
| Operating profit (loss) | 9901 | €3,976 | -€6,778 | -€10,754 | |
| Financial income | 75/76B | €313 | €135 | -€177 | -56.7% |
| Recurring financial income | 75 | €313 | €135 | -€177 | -56.7% |
| Financial charges | 65/66B | €530 | €1,251 | +€721 | +136% |
| Recurring financial charges | 65 | €530 | €1,251 | +€721 | +136% |
| Profit (loss) for the period before taxes | 9903 | €3,759 | -€7,893 | -€11,652 | |
| Income taxes | 67/77 | €0 | €11 | +€11 | |
| Profit (loss) for the period | 9904 | €3,759 | -€7,904 | -€11,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,759 | -€7,904 | -€11,663 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.