THE LATEM GALLERY: what changed
THE LATEM GALLERY
Largest movements
- Stocks and contracts +€5,262
up €5,262 (+7.9%), from €66,986 to €72,248
- Cash -€4,232
down €4,232 (-34.2%), from €12,361 to €8,128
mainly Stocks and contracts (-€5,262) and Investment in fixed assets (net) (-€4,438)
- Receivables within one year +€3,553
up €3,553 (+18.2%), from €19,556 to €23,109
of which Trade receivables: +€14,899
- Tangible fixed assets -€2,628
down €2,628 (-15.2%), from €17,335 to €14,707
of which Plant, machinery and equipment: -€4,071
- Tax, wage and social debts +€2,625
up €2,625 (+99.5%), from €2,639 to €5,265
- Trade debts -€1,910
down €1,910 (-39.2%), from €4,867 to €2,957
- Profit (loss) carried forward +€1,601
up €1,601 (+1.8%), from €91,237 to €92,838
- Taxes +€1,191
up €1,191 (+160%), from €746 to €1,937
- Gross operating margin +€935
up €935 (+9.4%), from €9,972 to €10,908
- Depreciation -€527
down €527 (-6.9%), from €7,594 to €7,066
- Other operating charges -€349
down €349 (-62.4%), from €558 to €210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,203 | €121,520 | +€2,317 | +1.9% |
| Fixed assets | 21/28 | €17,335 | €14,707 | -€2,628 | -15.2% |
| Tangible fixed assets | 22/27 | €17,335 | €14,707 | -€2,628 | -15.2% |
| Land and buildings | 22 | €1,985 | €842 | -€1,143 | -57.6% |
| Plant, machinery and equipment | 23 | €11,912 | €7,841 | -€4,071 | -34.2% |
| Furniture and vehicles | 24 | €3,439 | €6,024 | +€2,586 | +75.2% |
| Current assets | 29/58 | €101,868 | €106,813 | +€4,945 | +4.9% |
| Stocks and contracts in progress | 3 | €66,986 | €72,248 | +€5,262 | +7.9% |
| Stocks | 30/36 | €66,986 | €72,248 | +€5,262 | +7.9% |
| Amounts receivable within one year | 40/41 | €19,556 | €23,109 | +€3,553 | +18.2% |
| Trade receivables | 40 | €4,489 | €19,388 | +€14,899 | +332% |
| Other amounts receivable | 41 | €15,067 | €3,721 | -€11,345 | -75.3% |
| Cash at bank and in hand | 54/58 | €12,361 | €8,128 | -€4,232 | -34.2% |
| Deferred charges and accrued income | 490/1 | €2,965 | €3,327 | +€362 | +12.2% |
| Total equity and liabilities | 10/49 | €119,203 | €121,520 | +€2,317 | +1.9% |
| Equity | 10/15 | €111,697 | €113,298 | +€1,601 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,237 | €92,838 | +€1,601 | +1.8% |
| Amounts payable | 17/49 | €7,506 | €8,222 | +€716 | +9.5% |
| Amounts payable within one year | 42/48 | €7,506 | €8,222 | +€716 | +9.5% |
| Trade debts | 44 | €4,867 | €2,957 | -€1,910 | -39.2% |
| Suppliers | 440/4 | €4,867 | €2,957 | -€1,910 | -39.2% |
| Taxes, remuneration and social security | 45 | €2,639 | €5,265 | +€2,625 | +99.5% |
| Taxes | 450/3 | €2,639 | €5,265 | +€2,625 | +99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,594 | €7,066 | -€527 | -6.9% |
| Other operating charges | 640/8 | €558 | €210 | -€349 | -62.4% |
| Gross operating margin | 9900 | €9,972 | €10,908 | +€935 | +9.4% |
| Operating profit (loss) | 9901 | €1,820 | €3,631 | +€1,811 | +99.5% |
| Financial income | 75/76B | €64 | €0 | -€63 | -99.9% |
| Recurring financial income | 75 | €64 | €0 | -€63 | -99.9% |
| Financial charges | 65/66B | €45 | €93 | +€48 | +107% |
| Recurring financial charges | 65 | €45 | €93 | +€48 | +107% |
| Profit (loss) for the period before taxes | 9903 | €1,839 | €3,538 | +€1,699 | +92.4% |
| Income taxes | 67/77 | €746 | €1,937 | +€1,191 | +160% |
| Profit (loss) for the period | 9904 | €1,093 | €1,601 | +€508 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,093 | €1,601 | +€508 | +46.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.