Another Labels Belgium: 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.
Another Labels Belgium
Largest movements
- Receivables within one year +€338,437
up €338,437 (+38.0%), from €890,309 to €1.2m
of which Other amounts receivable: +€338,437
- Cash +€141,428
up €141,428 (+278%), from €50,869 to €192,297
mainly Trade debts (+€358,059) and Advances received (+€132,412)
- Tangible fixed assets -€21,890
down €21,890 (-32.8%), from €66,675 to €44,785
- Trade debts +€358,059
up €358,059 (+72.4%), from €494,578 to €852,637
- Advances received +€132,412
new in 2025: €132,412
- Other debts -€43,519
down €43,519 (-10.7%), from €405,447 to €361,928
- Tax, wage and social debts +€17,034
up €17,034 (+11.7%), from €145,537 to €162,571
of which Taxes: +€34,688
- Financial income -€162,371
down €162,371 (-73.4%), from €221,246 to €58,875
- Gross operating margin +€156,496
up €156,496 (+76.6%), from €204,331 to €360,827
- Staff costs -€22,022
down €22,022 (-6.1%), from €363,323 to €341,301
- Financial charges +€14,301
up €14,301 (+114%), from €12,598 to €26,899
- Other operating charges +€10,781
up €10,781 (+91.5%), from €11,780 to €22,561
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 | €1,132,155 | €1,594,738 | +€462,583 | +40.9% |
| Fixed assets | 21/28 | €90,874 | €61,885 | -€28,990 | -31.9% |
| Intangible fixed assets | 21 | €24,200 | €17,100 | -€7,100 | -29.3% |
| Tangible fixed assets | 22/27 | €66,675 | €44,785 | -€21,890 | -32.8% |
| Other tangible fixed assets | 26 | €66,675 | €44,785 | -€21,890 | -32.8% |
| Current assets | 29/58 | €1,041,280 | €1,532,853 | +€491,573 | +47.2% |
| Stocks and contracts in progress | 3 | €87,461 | €90,681 | +€3,221 | +3.7% |
| Stocks | 30/36 | €87,461 | €90,681 | +€3,221 | +3.7% |
| Amounts receivable within one year | 40/41 | €890,309 | €1,228,747 | +€338,437 | +38.0% |
| Trade receivables | 40 | €4,586 | €4,586 | = | 0.0% |
| Other amounts receivable | 41 | €885,723 | €1,224,160 | +€338,437 | +38.2% |
| Cash at bank and in hand | 54/58 | €50,869 | €192,297 | +€141,428 | +278% |
| Deferred charges and accrued income | 490/1 | €12,641 | €21,127 | +€8,486 | +67.1% |
| Total equity and liabilities | 10/49 | €1,132,155 | €1,594,738 | +€462,583 | +40.9% |
| Equity | 10/15 | €86,593 | €82,601 | -€3,993 | -4.6% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 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 | €71,733 | €67,741 | -€3,993 | -5.6% |
| Provisions and deferred taxes | 16 | - | €2,589 | +€2,589 | |
| Provisions for liabilities and charges | 160/5 | - | €2,589 | +€2,589 | |
| Environmental obligations | 163 | - | €2,589 | +€2,589 | |
| Amounts payable | 17/49 | €1,045,562 | €1,509,548 | +€463,986 | +44.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Trade debts | 175 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,045,562 | €1,509,548 | +€463,986 | +44.4% |
| Trade debts | 44 | €494,578 | €852,637 | +€358,059 | +72.4% |
| Suppliers | 440/4 | €494,578 | €852,637 | +€358,059 | +72.4% |
| Advances received on contracts in progress | 46 | - | €132,412 | +€132,412 | |
| Taxes, remuneration and social security | 45 | €145,537 | €162,571 | +€17,034 | +11.7% |
| Taxes | 450/3 | €123,603 | €158,291 | +€34,688 | +28.1% |
| Remuneration and social security | 454/9 | €21,935 | €4,280 | -€17,655 | -80.5% |
| Other amounts payable | 47/48 | €405,447 | €361,928 | -€43,519 | -10.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €363,323 | €341,301 | -€22,022 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,766 | €28,990 | +€224 | +0.8% |
| Other operating charges | 640/8 | €11,780 | €22,561 | +€10,781 | +91.5% |
| Gross operating margin | 9900 | €204,331 | €360,827 | +€156,496 | +76.6% |
| Operating profit (loss) | 9901 | -€199,538 | -€32,026 | +€167,513 | +84.0% |
| Financial income | 75/76B | €221,246 | €58,875 | -€162,371 | -73.4% |
| Recurring financial income | 75 | €221,246 | €58,875 | -€162,371 | -73.4% |
| Financial charges | 65/66B | €12,598 | €26,899 | +€14,301 | +114% |
| Recurring financial charges | 65 | €12,598 | €26,899 | +€14,301 | +114% |
| Profit (loss) for the period before taxes | 9903 | €9,110 | -€50 | -€9,160 | |
| Income taxes | 67/77 | €4,695 | €3,943 | -€753 | -16.0% |
| Profit (loss) for the period | 9904 | €4,415 | -€3,993 | -€8,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,415 | -€3,993 | -€8,407 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.