Latti: 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.
Latti
Largest movements
- Receivables within one year -€25,039
down €25,039 (-32.6%), from €76,908 to €51,869
of which Trade receivables: -€25,354
- Tangible fixed assets -€20,008
down €20,008 (-10.0%), from €200,137 to €180,129
of which Land and buildings: -€15,210
- Stocks and contracts +€10,862
up €10,862 (+16.7%), from €65,012 to €75,873
- Cash +€3,860
up €3,860 (+200,014%), from €2 to €3,862
mainly Net result for the year (+€32,073) and Receivables within one year (+€25,039)
- Short-term financial debts -€23,930
down €23,930 (-100%), from €23,930 to €0
- Debts after one year -€23,317
down €23,317 (-18.0%), from €129,262 to €105,944
- Reserves +€19,749
up €19,749 (+1,147%), from €1,722 to €21,471
of which Distributable reserves: +€19,749
- Profit (loss) carried forward -€7,676
down €7,676 (-100%), from €7,676 to €0
- Other debts +€5,429
up €5,429 (+7.8%), from €69,448 to €74,878
- Gross operating margin +€20,702
up €20,702 (+46.6%), from €44,394 to €65,096
- Taxes +€2,240
up €2,240 (+65.0%), from €3,448 to €5,688
- Depreciation -€1,949
down €1,949 (-8.9%), from €21,957 to €20,008
- Financial charges -€1,871
down €1,871 (-24.7%), from €7,564 to €5,693
- Other operating charges -€939
down €939 (-36.2%), from €2,594 to €1,655
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €342,652 | €312,356 | -€30,296 | -8.8% |
| Fixed assets | 21/28 | €200,137 | €180,129 | -€20,008 | -10.0% |
| Tangible fixed assets | 22/27 | €200,137 | €180,129 | -€20,008 | -10.0% |
| Land and buildings | 22 | €191,668 | €176,458 | -€15,210 | -7.9% |
| Plant, machinery and equipment | 23 | €6,833 | €3,671 | -€3,162 | -46.3% |
| Furniture and vehicles | 24 | €1,636 | €0 | -€1,636 | -100% |
| Current assets | 29/58 | €142,516 | €132,228 | -€10,288 | -7.2% |
| Stocks and contracts in progress | 3 | €65,012 | €75,873 | +€10,862 | +16.7% |
| Stocks | 30/36 | €65,012 | €75,873 | +€10,862 | +16.7% |
| Amounts receivable within one year | 40/41 | €76,908 | €51,869 | -€25,039 | -32.6% |
| Trade receivables | 40 | €76,908 | €51,554 | -€25,354 | -33.0% |
| Other amounts receivable | 41 | €0 | €314 | +€314 | |
| Cash at bank and in hand | 54/58 | €2 | €3,862 | +€3,860 | +200,014% |
| Deferred charges and accrued income | 490/1 | €594 | €624 | +€30 | +5.0% |
| Total equity and liabilities | 10/49 | €342,652 | €312,356 | -€30,296 | -8.8% |
| Equity | 10/15 | €27,998 | €40,071 | +€12,073 | +43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,722 | €21,471 | +€19,749 | +1,147% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,722 | €21,471 | +€19,749 | +1,147% |
| Profit (loss) carried forward | 14 | €7,676 | €0 | -€7,676 | -100% |
| Amounts payable | 17/49 | €314,655 | €272,286 | -€42,369 | -13.5% |
| Amounts payable after more than one year | 17 | €129,262 | €105,944 | -€23,317 | -18.0% |
| Financial debts | 170/4 | €129,262 | €105,944 | -€23,317 | -18.0% |
| Amounts payable within one year | 42/48 | €183,979 | €166,341 | -€17,638 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €22,735 | €23,317 | +€582 | +2.6% |
| Financial debts | 43 | €23,930 | €0 | -€23,930 | -100% |
| Credit institutions | 430/8 | €23,930 | €0 | -€23,930 | -100% |
| Trade debts | 44 | €55,120 | €52,641 | -€2,479 | -4.5% |
| Suppliers | 440/4 | €55,120 | €52,641 | -€2,479 | -4.5% |
| Taxes, remuneration and social security | 45 | €12,746 | €15,505 | +€2,760 | +21.7% |
| Taxes | 450/3 | €11,511 | €14,226 | +€2,716 | +23.6% |
| Remuneration and social security | 454/9 | €1,235 | €1,279 | +€44 | +3.6% |
| Other amounts payable | 47/48 | €69,448 | €74,878 | +€5,429 | +7.8% |
| Accrued charges and deferred income | 492/3 | €1,414 | €0 | -€1,414 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,957 | €20,008 | -€1,949 | -8.9% |
| Other operating charges | 640/8 | €2,594 | €1,655 | -€939 | -36.2% |
| Gross operating margin | 9900 | €44,394 | €65,096 | +€20,702 | +46.6% |
| Operating profit (loss) | 9901 | €19,843 | €43,433 | +€23,590 | +119% |
| Financial income | 75/76B | €202 | €22 | -€181 | -89.3% |
| Recurring financial income | 75 | €202 | €22 | -€181 | -89.3% |
| Financial charges | 65/66B | €7,564 | €5,693 | -€1,871 | -24.7% |
| Recurring financial charges | 65 | €7,564 | €5,693 | -€1,871 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €12,481 | €37,761 | +€25,281 | +203% |
| Income taxes | 67/77 | €3,448 | €5,688 | +€2,240 | +65.0% |
| Profit (loss) for the period | 9904 | €9,032 | €32,073 | +€23,041 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €9,032 | €32,073 | +€23,041 | +255% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.