Latvi: 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.
Latvi
Largest movements
- Tangible fixed assets +€45,154
up €45,154 (+87.6%), from €51,549 to €96,703
of which Furniture and vehicles: +€45,520
- Receivables after one year -€30,069
down €30,069 (-16.6%), from €180,688 to €150,619
- Cash +€21,154
up €21,154 (+30.7%), from €68,821 to €89,975
mainly Net result for the year (+€75,478) and Receivables after one year (+€30,069)
- Receivables within one year -€12,645
down €12,645 (-25.1%), from €50,319 to €37,673
of which Other amounts receivable: -€11,537
- Profit (loss) carried forward +€75,478
up €75,478 (+28.0%), from €270,017 to €345,495
- Trade debts -€47,653
down €47,653 (-80.4%), from €59,260 to €11,606
- Tax, wage and social debts -€4,231
down €4,231 (-18.3%), from €23,100 to €18,869
of which Remuneration and social security: -€10,467
- Gross operating margin +€33,554
up €33,554 (+42.0%), from €79,947 to €113,501
- Staff costs -€29,384
down €29,384 (-81.9%), from €35,888 to €6,504
- Depreciation +€13,254
up €13,254 (+442%), from €3,000 to €16,254
- Taxes +€6,161
up €6,161 (+76.7%), from €8,035 to €14,196
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 | €353,377 | €376,971 | +€23,594 | +6.7% |
| Fixed assets | 21/28 | €53,549 | €98,703 | +€45,154 | +84.3% |
| Tangible fixed assets | 22/27 | €51,549 | €96,703 | +€45,154 | +87.6% |
| Plant, machinery and equipment | 23 | €863 | €498 | -€365 | -42.3% |
| Furniture and vehicles | 24 | €50,686 | €96,205 | +€45,520 | +89.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €299,827 | €278,267 | -€21,560 | -7.2% |
| Amounts receivable after more than one year | 29 | €180,688 | €150,619 | -€30,069 | -16.6% |
| Trade receivables | 290 | €180,688 | €150,619 | -€30,069 | -16.6% |
| Amounts receivable within one year | 40/41 | €50,319 | €37,673 | -€12,645 | -25.1% |
| Trade receivables | 40 | €33,475 | €32,367 | -€1,108 | -3.3% |
| Other amounts receivable | 41 | €16,844 | €5,306 | -€11,537 | -68.5% |
| Cash at bank and in hand | 54/58 | €68,821 | €89,975 | +€21,154 | +30.7% |
| Total equity and liabilities | 10/49 | €353,377 | €376,971 | +€23,594 | +6.7% |
| Equity | 10/15 | €271,017 | €346,495 | +€75,478 | +27.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,017 | €345,495 | +€75,478 | +28.0% |
| Amounts payable | 17/49 | €82,360 | €30,476 | -€51,884 | -63.0% |
| Amounts payable within one year | 42/48 | €82,360 | €30,476 | -€51,884 | -63.0% |
| Trade debts | 44 | €59,260 | €11,606 | -€47,653 | -80.4% |
| Suppliers | 440/4 | €59,260 | €11,606 | -€47,653 | -80.4% |
| Taxes, remuneration and social security | 45 | €23,100 | €18,869 | -€4,231 | -18.3% |
| Taxes | 450/3 | €12,633 | €18,869 | +€6,236 | +49.4% |
| Remuneration and social security | 454/9 | €10,467 | - | -€10,467 | |
| Remuneration, social security and pensions | 62 | €35,888 | €6,504 | -€29,384 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €16,254 | +€13,254 | +442% |
| Other operating charges | 640/8 | €297 | €1,016 | +€720 | +243% |
| Gross operating margin | 9900 | €79,947 | €113,501 | +€33,554 | +42.0% |
| Operating profit (loss) | 9901 | €40,762 | €89,727 | +€48,965 | +120% |
| Financial income | 75/76B | €2 | €21 | +€19 | +1,153% |
| Recurring financial income | 75 | €2 | €21 | +€19 | +1,153% |
| Financial charges | 65/66B | €587 | €74 | -€513 | -87.4% |
| Recurring financial charges | 65 | €587 | €74 | -€513 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €40,177 | €89,674 | +€49,497 | +123% |
| Income taxes | 67/77 | €8,035 | €14,196 | +€6,161 | +76.7% |
| Profit (loss) for the period | 9904 | €32,141 | €75,478 | +€43,337 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €32,141 | €75,478 | +€43,337 | +135% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.