I.C.M. 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.
I.C.M. LABARQUE
Largest movements
- Receivables within one year +€25,649
up €25,649 (+42.0%), from €61,005 to €86,654
of which Trade receivables: +€24,550
- Cash +€17,497
up €17,497 (+52.3%), from €33,469 to €50,966
mainly Other debts (+€48,544) and Depreciation (+€45,876)
- Intangible fixed assets -€5,060
down €5,060 (-33.3%), from €15,180 to €10,120
- Tangible fixed assets -€4,906
down €4,906 (-1.5%), from €336,747 to €331,840
of which Land and buildings: -€6,558
- Other debts +€48,544
up €48,544 (+625%), from €7,770 to €56,314
- Debts after one year -€41,851
down €41,851 (-21.0%), from €199,117 to €157,266
- Trade debts +€16,599
up €16,599 (+75.0%), from €22,130 to €38,729
- Reserves +€16,428
up €16,428 (+15.0%), from €109,279 to €125,707
- Current portion of long-term debt -€6,162
down €6,162 (-12.8%), from €48,013 to €41,851
- Gross operating margin +€32,613
up €32,613 (+27.0%), from €120,955 to €153,567
- Financial income -€14,057
down €14,057 (-99.8%), from €14,080 to €24
of which Non-recurring financial income: -€14,079
- Staff costs +€8,424
up €8,424 (+13.3%), from €63,526 to €71,950
- Depreciation +€7,422
up €7,422 (+19.3%), from €38,453 to €45,876
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 | €455,259 | €485,780 | +€30,522 | +6.7% |
| Fixed assets | 21/28 | €351,927 | €341,960 | -€9,966 | -2.8% |
| Intangible fixed assets | 21 | €15,180 | €10,120 | -€5,060 | -33.3% |
| Tangible fixed assets | 22/27 | €336,747 | €331,840 | -€4,906 | -1.5% |
| Land and buildings | 22 | €211,710 | €205,152 | -€6,558 | -3.1% |
| Plant, machinery and equipment | 23 | €14,344 | €13,006 | -€1,338 | -9.3% |
| Furniture and vehicles | 24 | €110,693 | €113,682 | +€2,989 | +2.7% |
| Current assets | 29/58 | €103,332 | €143,820 | +€40,488 | +39.2% |
| Stocks and contracts in progress | 3 | €7,620 | €6,200 | -€1,420 | -18.6% |
| Stocks | 30/36 | €7,620 | €6,200 | -€1,420 | -18.6% |
| Amounts receivable within one year | 40/41 | €61,005 | €86,654 | +€25,649 | +42.0% |
| Trade receivables | 40 | €57,960 | €82,510 | +€24,550 | +42.4% |
| Other amounts receivable | 41 | €3,045 | €4,144 | +€1,099 | +36.1% |
| Cash at bank and in hand | 54/58 | €33,469 | €50,966 | +€17,497 | +52.3% |
| Deferred charges and accrued income | 490/1 | €1,238 | - | -€1,238 | |
| Total equity and liabilities | 10/49 | €455,259 | €485,780 | +€30,522 | +6.7% |
| Equity | 10/15 | €145,479 | €161,907 | +€16,428 | +11.3% |
| Contributions | 10/11 | €36,200 | €36,200 | = | 0.0% |
| Reserves | 13 | €109,279 | €125,707 | +€16,428 | +15.0% |
| Distributable reserves | 133 | €109,279 | €125,707 | +€16,428 | +15.0% |
| Amounts payable | 17/49 | €309,780 | €323,873 | +€14,093 | +4.5% |
| Amounts payable after more than one year | 17 | €199,117 | €157,266 | -€41,851 | -21.0% |
| Financial debts | 170/4 | €199,117 | €157,266 | -€41,851 | -21.0% |
| Amounts payable within one year | 42/48 | €108,227 | €163,936 | +€55,709 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €48,013 | €41,851 | -€6,162 | -12.8% |
| Trade debts | 44 | €22,130 | €38,729 | +€16,599 | +75.0% |
| Suppliers | 440/4 | €22,130 | €38,729 | +€16,599 | +75.0% |
| Taxes, remuneration and social security | 45 | €30,315 | €27,042 | -€3,273 | -10.8% |
| Taxes | 450/3 | €16,502 | €13,139 | -€3,363 | -20.4% |
| Remuneration and social security | 454/9 | €13,813 | €13,903 | +€90 | +0.7% |
| Other amounts payable | 47/48 | €7,770 | €56,314 | +€48,544 | +625% |
| Accrued charges and deferred income | 492/3 | €2,436 | €2,671 | +€235 | +9.6% |
| Remuneration, social security and pensions | 62 | €63,526 | €71,950 | +€8,424 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,453 | €45,876 | +€7,422 | +19.3% |
| Other operating charges | 640/8 | €1,773 | €1,935 | +€162 | +9.1% |
| Gross operating margin | 9900 | €120,955 | €153,567 | +€32,613 | +27.0% |
| Operating profit (loss) | 9901 | €17,202 | €33,806 | +€16,605 | +96.5% |
| Financial income | 75/76B | €14,080 | €24 | -€14,057 | -99.8% |
| Recurring financial income | 75 | €1 | €24 | +€23 | +1,951% |
| Non-recurring financial income | 76B | €14,079 | - | -€14,079 | |
| Financial charges | 65/66B | €8,067 | €8,637 | +€570 | +7.1% |
| Recurring financial charges | 65 | €8,067 | €8,637 | +€570 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €23,215 | €25,192 | +€1,978 | +8.5% |
| Income taxes | 67/77 | €8,219 | €8,764 | +€545 | +6.6% |
| Profit (loss) for the period | 9904 | €14,995 | €16,428 | +€1,433 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,995 | €16,428 | +€1,433 | +9.6% |
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 23 October 2026 via checked.be.