L.A.B.E.A.U.: what changed
Two fiscal 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.
L.A.B.E.A.U.
Largest movements
- Cash +€42,492
up €42,492 (+66.3%), from €64,114 to €106,606
mainly Net result for the year (+€57,645) and Receivables within one year (+€18,431)
- Receivables within one year -€18,431
down €18,431 (-19.9%), from €92,840 to €74,408
of which Trade receivables: -€26,810
- Tangible fixed assets -€4,923
down €4,923 (-2.8%), from €175,109 to €170,186
of which Land and buildings: -€7,572
- Reserves +€57,645
up €57,645 (+48.2%), from €119,646 to €177,291
- Trade debts -€34,580
down €34,580 (-69.1%), from €50,026 to €15,446
- Debts after one year -€9,856
down €9,856 (-8.1%), from €122,120 to €112,264
- Other debts -€9,677
down €9,677 (-100.0%), from €9,677 to €0
- Contributions +€8,350
up €8,350 (+81.9%), from €10,200 to €18,550
- Gross operating margin +€49,549
up €49,549 (+97.6%), from €50,750 to €100,299
- Taxes +€13,022
up €13,022 (+149.1%), from €8,732 to €21,754
- Financial charges -€1,334
down €1,334 (-21.7%), from €6,159 to €4,826
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 | €345,548 | €361,094 | +€15,546 | +4.5% |
| Fixed assets | 21/28 | €181,017 | €172,993 | -€8,025 | -4.4% |
| Intangible fixed assets | 21 | €5,909 | €2,807 | -€3,102 | -52.5% |
| Tangible fixed assets | 22/27 | €175,109 | €170,186 | -€4,923 | -2.8% |
| Land and buildings | 22 | €155,102 | €147,530 | -€7,572 | -4.9% |
| Furniture and vehicles | 24 | €20,007 | €22,656 | +€2,649 | +13.2% |
| Current assets | 29/58 | €164,531 | €188,101 | +€23,570 | +14.3% |
| Amounts receivable within one year | 40/41 | €92,840 | €74,408 | -€18,431 | -19.9% |
| Trade receivables | 40 | €92,299 | €65,488 | -€26,810 | -29.0% |
| Other amounts receivable | 41 | €541 | €8,920 | +€8,379 | +1549.1% |
| Cash at bank and in hand | 54/58 | €64,114 | €106,606 | +€42,492 | +66.3% |
| Deferred charges and accrued income | 490/1 | €7,578 | €7,087 | -€490 | -6.5% |
| Total equity and liabilities | 10/49 | €345,548 | €361,094 | +€15,546 | +4.5% |
| Equity | 10/15 | €129,846 | €195,841 | +€65,995 | +50.8% |
| Contributions | 10/11 | €10,200 | €18,550 | +€8,350 | +81.9% |
| Reserves | 13 | €119,646 | €177,291 | +€57,645 | +48.2% |
| Distributable reserves | 133 | €119,646 | €177,291 | +€57,645 | +48.2% |
| Amounts payable | 17/49 | €215,702 | €165,254 | -€50,449 | -23.4% |
| Amounts payable after more than one year | 17 | €122,120 | €112,264 | -€9,856 | -8.1% |
| Financial debts | 170/4 | €122,120 | €112,264 | -€9,856 | -8.1% |
| Amounts payable within one year | 42/48 | €93,379 | €51,485 | -€41,894 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €10,685 | €10,669 | -€16 | -0.1% |
| Trade debts | 44 | €50,026 | €15,446 | -€34,580 | -69.1% |
| Suppliers | 440/4 | €50,026 | €15,446 | -€34,580 | -69.1% |
| Taxes, remuneration and social security | 45 | €22,991 | €25,369 | +€2,378 | +10.3% |
| Taxes | 450/3 | €22,991 | €25,369 | +€2,378 | +10.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,677 | €0 | -€9,677 | -100.0% |
| Accrued charges and deferred income | 492/3 | €203 | €1,505 | +€1,302 | +641.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,866 | €15,543 | -€323 | -2.0% |
| Other operating charges | 640/8 | €812 | €895 | +€83 | +10.3% |
| Gross operating margin | 9900 | €50,750 | €100,299 | +€49,549 | +97.6% |
| Operating profit (loss) | 9901 | €34,073 | €83,862 | +€49,789 | +146.1% |
| Financial income | 75/76B | €225 | €363 | +€138 | +61.3% |
| Recurring financial income | 75 | €225 | €363 | +€138 | +61.3% |
| Financial charges | 65/66B | €6,159 | €4,826 | -€1,334 | -21.7% |
| Recurring financial charges | 65 | €6,159 | €4,826 | -€1,334 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €28,138 | €79,399 | +€51,260 | +182.2% |
| Income taxes | 67/77 | €8,732 | €21,754 | +€13,022 | +149.1% |
| Profit (loss) for the period | 9904 | €19,406 | €57,645 | +€38,238 | +197.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,406 | €57,645 | +€38,238 | +197.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.