Growth Labs: 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.
Growth Labs
Largest movements
- Cash -€11,265
down €11,265 (-76.9%), from €14,652 to €3,387
mainly Receivables within one year (-€5,233) and Net result for the year (-€3,603)
- Receivables within one year +€5,233
new in 2025: €5,233
of which Other amounts receivable: +€2,868
- Tangible fixed assets -€210
down €210 (-39.5%), from €530 to €321
- Reserves -€3,603
down €3,603 (-29.7%), from €12,143 to €8,539
- Tax, wage and social debts -€2,662
down €2,662 (-100%), from €2,662 to €0
- Trade debts +€182
up €182 (+48.4%), from €376 to €558
- Gross operating margin -€16,625
down €16,625, from €14,286 to -€2,339
- Taxes -€2,530
down €2,530 (-95.0%), from €2,662 to €132
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 | €15,783 | €9,597 | -€6,186 | -39.2% |
| Fixed assets | 21/28 | €530 | €321 | -€210 | -39.5% |
| Tangible fixed assets | 22/27 | €530 | €321 | -€210 | -39.5% |
| Furniture and vehicles | 24 | €530 | €321 | -€210 | -39.5% |
| Current assets | 29/58 | €15,253 | €9,277 | -€5,976 | -39.2% |
| Amounts receivable within one year | 40/41 | - | €5,233 | +€5,233 | |
| Trade receivables | 40 | - | €2,365 | +€2,365 | |
| Other amounts receivable | 41 | - | €2,868 | +€2,868 | |
| Cash at bank and in hand | 54/58 | €14,652 | €3,387 | -€11,265 | -76.9% |
| Deferred charges and accrued income | 490/1 | €601 | €656 | +€56 | +9.3% |
| Total equity and liabilities | 10/49 | €15,783 | €9,597 | -€6,186 | -39.2% |
| Equity | 10/15 | €12,643 | €9,039 | -€3,603 | -28.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €12,143 | €8,539 | -€3,603 | -29.7% |
| Distributable reserves | 133 | €12,143 | €8,539 | -€3,603 | -29.7% |
| Amounts payable | 17/49 | €3,140 | €558 | -€2,582 | -82.2% |
| Amounts payable within one year | 42/48 | €3,038 | €558 | -€2,480 | -81.6% |
| Trade debts | 44 | €376 | €558 | +€182 | +48.4% |
| Suppliers | 440/4 | €376 | €558 | +€182 | +48.4% |
| Taxes, remuneration and social security | 45 | €2,662 | €0 | -€2,662 | -100% |
| Taxes | 450/3 | €2,662 | €0 | -€2,662 | -100% |
| Accrued charges and deferred income | 492/3 | €103 | €0 | -€103 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €210 | +€111 | +112% |
| Other operating charges | 640/8 | €853 | €877 | +€25 | +2.9% |
| Gross operating margin | 9900 | €14,286 | -€2,339 | -€16,625 | |
| Operating profit (loss) | 9901 | €13,334 | -€3,426 | -€16,761 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €13,291 | -€3,471 | -€16,762 | |
| Income taxes | 67/77 | €2,662 | €132 | -€2,530 | -95.0% |
| Profit (loss) for the period | 9904 | €10,629 | -€3,603 | -€14,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,629 | -€3,603 | -€14,233 |
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 25 October 2026 via checked.be.