LATULE: 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.
LATULE
Largest movements
- Cash +€125,257
up €125,257 (+46.7%), from €267,990 to €393,248
mainly Net result for the year (+€127,071) and Depreciation (+€29,489)
- Tangible fixed assets -€23,221
down €23,221 (-23.4%), from €99,252 to €76,031
- Intangible fixed assets -€6,268
down €6,268 (-15.4%), from €40,707 to €34,439
- Reserves +€93,349
up €93,349 (+22.8%), from €409,360 to €502,709
- Gross operating margin +€17,561
up €17,561 (+9.0%), from €194,437 to €211,998
- Depreciation +€9,103
up €9,103 (+44.7%), from €20,386 to €29,489
- Taxes +€7,311
up €7,311 (+13.7%), from €53,172 to €60,483
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 | €433,156 | €528,603 | +€95,447 | +22.0% |
| Fixed assets | 21/28 | €139,959 | €110,470 | -€29,489 | -21.1% |
| Intangible fixed assets | 21 | €40,707 | €34,439 | -€6,268 | -15.4% |
| Tangible fixed assets | 22/27 | €99,252 | €76,031 | -€23,221 | -23.4% |
| Plant, machinery and equipment | 23 | €28,395 | €21,078 | -€7,317 | -25.8% |
| Furniture and vehicles | 24 | €31,685 | €21,892 | -€9,793 | -30.9% |
| Other tangible fixed assets | 26 | €39,172 | €33,060 | -€6,111 | -15.6% |
| Current assets | 29/58 | €293,198 | €418,133 | +€124,936 | +42.6% |
| Stocks and contracts in progress | 3 | - | €1,240 | +€1,240 | |
| Stocks | 30/36 | - | €1,240 | +€1,240 | |
| Amounts receivable within one year | 40/41 | €24,675 | €23,190 | -€1,484 | -6.0% |
| Trade receivables | 40 | €23,155 | €23,190 | +€35 | +0.2% |
| Other amounts receivable | 41 | €1,519 | €0 | -€1,519 | -100.0% |
| Cash at bank and in hand | 54/58 | €267,990 | €393,248 | +€125,257 | +46.7% |
| Deferred charges and accrued income | 490/1 | €533 | €455 | -€78 | -14.6% |
| Total equity and liabilities | 10/49 | €433,156 | €528,603 | +€95,447 | +22.0% |
| Equity | 10/15 | €410,360 | €503,709 | +€93,349 | +22.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €409,360 | €502,709 | +€93,349 | +22.8% |
| Distributable reserves | 133 | €409,360 | €502,709 | +€93,349 | +22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,796 | €24,894 | +€2,098 | +9.2% |
| Amounts payable within one year | 42/48 | €22,796 | €24,894 | +€2,098 | +9.2% |
| Trade debts | 44 | €7,358 | €5,454 | -€1,904 | -25.9% |
| Suppliers | 440/4 | €7,358 | €5,454 | -€1,904 | -25.9% |
| Taxes, remuneration and social security | 45 | €15,438 | €18,455 | +€3,017 | +19.5% |
| Taxes | 450/3 | €15,438 | €18,455 | +€3,017 | +19.5% |
| Other amounts payable | 47/48 | - | €985 | +€985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,386 | €29,489 | +€9,103 | +44.7% |
| Other operating charges | 640/8 | €615 | €756 | +€141 | +22.9% |
| Gross operating margin | 9900 | €194,437 | €211,998 | +€17,561 | +9.0% |
| Operating profit (loss) | 9901 | €173,436 | €181,753 | +€8,317 | +4.8% |
| Financial income | 75/76B | €5,983 | €5,970 | -€14 | -0.2% |
| Recurring financial income | 75 | €5,983 | €5,970 | -€14 | -0.2% |
| Financial charges | 65/66B | €139 | €169 | +€30 | +21.9% |
| Recurring financial charges | 65 | €139 | €169 | +€30 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €179,281 | €187,553 | +€8,273 | +4.6% |
| Income taxes | 67/77 | €53,172 | €60,483 | +€7,311 | +13.7% |
| Profit (loss) for the period | 9904 | €126,109 | €127,071 | +€962 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,109 | €127,071 | +€962 | +0.8% |
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 28 September 2026 via checked.be.