LATUNO: 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.
LATUNO
Largest movements
- Cash -€185,883
down €185,883 (-68.0%), from €273,287 to €87,404
mainly Contributions, distributions and other (-€206,059) and Investment in fixed assets (net) (-€64,178)
- Tangible fixed assets +€59,395
new in 2025: €59,395
- Reserves -€114,203
down €114,203 (-22.6%), from €505,463 to €391,260
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Tax, wage and social debts -€10,653
down €10,653 (-80.9%), from €13,171 to €2,517
- Other debts +€10,233
new in 2025: €10,233
- Gross operating margin -€14,886
down €14,886 (-11.2%), from €133,358 to €118,472
- Taxes -€6,434
down €6,434 (-14.8%), from €43,478 to €37,044
- Depreciation +€4,783
new in 2025: €4,783
- Financial income +€2,597
up €2,597 (+171.2%), from €1,517 to €4,114
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 | €532,827 | €404,971 | -€127,856 | -24.0% |
| Fixed assets | 21/28 | - | €59,395 | +€59,395 | |
| Tangible fixed assets | 22/27 | - | €59,395 | +€59,395 | |
| Furniture and vehicles | 24 | - | €59,395 | +€59,395 | |
| Current assets | 29/58 | €532,827 | €345,576 | -€187,251 | -35.1% |
| Amounts receivable within one year | 40/41 | €12,890 | €11,430 | -€1,460 | -11.3% |
| Trade receivables | 40 | €8,980 | €11,228 | +€2,248 | +25.0% |
| Other amounts receivable | 41 | €3,909 | €202 | -€3,707 | -94.8% |
| Current investments | 50/53 | €245,962 | €245,962 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €273,287 | €87,404 | -€185,883 | -68.0% |
| Deferred charges and accrued income | 490/1 | €688 | €780 | +€92 | +13.4% |
| Total equity and liabilities | 10/49 | €532,827 | €404,971 | -€127,856 | -24.0% |
| Equity | 10/15 | €517,863 | €391,260 | -€126,603 | -24.4% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €505,463 | €391,260 | -€114,203 | -22.6% |
| Distributable reserves | 133 | €505,463 | €391,260 | -€114,203 | -22.6% |
| Amounts payable | 17/49 | €14,964 | €13,712 | -€1,253 | -8.4% |
| Amounts payable within one year | 42/48 | €14,964 | €13,712 | -€1,253 | -8.4% |
| Trade debts | 44 | €1,794 | €961 | -€833 | -46.4% |
| Suppliers | 440/4 | €1,794 | €961 | -€833 | -46.4% |
| Taxes, remuneration and social security | 45 | €13,171 | €2,517 | -€10,653 | -80.9% |
| Taxes | 450/3 | €13,171 | €2,517 | -€10,653 | -80.9% |
| Other amounts payable | 47/48 | - | €10,233 | +€10,233 | |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,783 | +€4,783 | |
| Other operating charges | 640/8 | €634 | €652 | +€18 | +2.9% |
| Gross operating margin | 9900 | €133,358 | €118,472 | -€14,886 | -11.2% |
| Operating profit (loss) | 9901 | €132,724 | €113,037 | -€19,687 | -14.8% |
| Financial income | 75/76B | €1,517 | €4,114 | +€2,597 | +171.2% |
| Recurring financial income | 75 | €1,517 | €4,114 | +€2,597 | +171.2% |
| Financial charges | 65/66B | €346 | €652 | +€306 | +88.3% |
| Recurring financial charges | 65 | €346 | €652 | +€306 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €133,895 | €116,500 | -€17,395 | -13.0% |
| Income taxes | 67/77 | €43,478 | €37,044 | -€6,434 | -14.8% |
| Profit (loss) for the period | 9904 | €90,417 | €79,456 | -€10,961 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,417 | €79,456 | -€10,961 | -12.1% |
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.