AUM Labarque: 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.
AUM Labarque
Largest movements
- Cash -€8,561
down €8,561 (-95.4%), from €8,971 to €409
mainly Net result for the year (-€50,559) and Receivables within one year (-€7,473)
- Receivables within one year +€7,473
up €7,473 (+1012.2%), from €738 to €8,211
of which Other amounts receivable: +€6,029
- Tangible fixed assets -€3,922
down €3,922 (-4.3%), from €91,575 to €87,653
of which Land and buildings: -€5,326
- Profit (loss) carried forward -€50,559
down €50,559 (-52.5%), from -€96,272 to -€146,831
- Other debts +€38,572
up €38,572 (+68.4%), from €56,423 to €94,995
- Trade debts +€5,890
up €5,890 (+495.6%), from €1,189 to €7,079
- Gross operating margin -€9,086
down €9,086 (-30.8%), from -€29,501 to -€38,587
- Depreciation -€3,585
down €3,585 (-27.5%), from €13,051 to €9,466
- Other operating charges +€1,252
up €1,252 (+106.5%), from €1,176 to €2,428
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 | €103,166 | €97,948 | -€5,218 | -5.1% |
| Fixed assets | 21/28 | €91,679 | €87,757 | -€3,922 | -4.3% |
| Tangible fixed assets | 22/27 | €91,575 | €87,653 | -€3,922 | -4.3% |
| Land and buildings | 22 | €65,061 | €59,735 | -€5,326 | -8.2% |
| Plant, machinery and equipment | 23 | €1,126 | €4,016 | +€2,890 | +256.6% |
| Furniture and vehicles | 24 | €25,387 | €23,902 | -€1,485 | -5.9% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €11,487 | €10,191 | -€1,296 | -11.3% |
| Amounts receivable within one year | 40/41 | €738 | €8,211 | +€7,473 | +1012.2% |
| Trade receivables | 40 | - | €1,444 | +€1,444 | |
| Other amounts receivable | 41 | €738 | €6,768 | +€6,029 | +816.7% |
| Cash at bank and in hand | 54/58 | €8,971 | €409 | -€8,561 | -95.4% |
| Deferred charges and accrued income | 490/1 | €1,778 | €1,570 | -€208 | -11.7% |
| Total equity and liabilities | 10/49 | €103,166 | €97,948 | -€5,218 | -5.1% |
| Equity | 10/15 | €30,466 | -€20,093 | -€50,559 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €5,659 | €5,659 | = | 0.0% |
| Reserves | 13 | €102,480 | €102,480 | = | 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% |
| Distributable reserves | 133 | €100,620 | €100,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,272 | -€146,831 | -€50,559 | -52.5% |
| Amounts payable | 17/49 | €72,700 | €118,041 | +€45,340 | +62.4% |
| Amounts payable within one year | 42/48 | €72,700 | €118,041 | +€45,340 | +62.4% |
| Trade debts | 44 | €1,189 | €7,079 | +€5,890 | +495.6% |
| Suppliers | 440/4 | €1,189 | €7,079 | +€5,890 | +495.6% |
| Taxes, remuneration and social security | 45 | €15,089 | €15,967 | +€878 | +5.8% |
| Taxes | 450/3 | €92 | €95 | +€3 | +3.3% |
| Remuneration and social security | 454/9 | €14,997 | €15,872 | +€875 | +5.8% |
| Other amounts payable | 47/48 | €56,423 | €94,995 | +€38,572 | +68.4% |
| Non-recurring operating income | 76A | - | €3,579 | +€3,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,051 | €9,466 | -€3,585 | -27.5% |
| Other operating charges | 640/8 | €1,176 | €2,428 | +€1,252 | +106.5% |
| Gross operating margin | 9900 | -€29,501 | -€38,587 | -€9,086 | -30.8% |
| Operating profit (loss) | 9901 | -€43,728 | -€50,481 | -€6,753 | -15.4% |
| Financial income | 75/76B | €169 | €47 | -€122 | -72.4% |
| Recurring financial income | 75 | €169 | €47 | -€122 | -72.4% |
| Financial charges | 65/66B | €111 | €124 | +€13 | +11.3% |
| Recurring financial charges | 65 | €111 | €124 | +€13 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,671 | -€50,559 | -€6,888 | -15.8% |
| Profit (loss) for the period | 9904 | -€43,671 | -€50,559 | -€6,888 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,671 | -€50,559 | -€6,888 | -15.8% |
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 11 October 2026 via checked.be.