LA-BO: 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.
LA-BO
Largest movements
- Cash +€195,375
up €195,375 (+38.8%), from €504,150 to €699,525
mainly Net result for the year (+€294,010) and Other debts (+€215,413)
- Tangible fixed assets -€20,096
down €20,096 (-21.4%), from €93,772 to €73,676
of which Furniture and vehicles: -€16,963
- Receivables within one year +€11,543
up €11,543 (+7.3%), from €157,659 to €169,202
of which Trade receivables: +€11,543
- Other debts +€215,413
up €215,413 (+34.6%), from €622,836 to €838,250
- Debts after one year -€29,256
down €29,256 (-45.5%), from €64,300 to €35,044
- Depreciation +€13,170
up €13,170 (+142%), from €9,277 to €22,448
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 | €760,289 | €947,559 | +€187,271 | +24.6% |
| Fixed assets | 21/28 | €93,772 | €73,676 | -€20,096 | -21.4% |
| Tangible fixed assets | 22/27 | €93,772 | €73,676 | -€20,096 | -21.4% |
| Plant, machinery and equipment | 23 | €2,717 | €257 | -€2,460 | -90.5% |
| Furniture and vehicles | 24 | €88,028 | €71,065 | -€16,963 | -19.3% |
| Other tangible fixed assets | 26 | €3,027 | €2,354 | -€673 | -22.2% |
| Current assets | 29/58 | €666,517 | €873,883 | +€207,366 | +31.1% |
| Amounts receivable within one year | 40/41 | €157,659 | €169,202 | +€11,543 | +7.3% |
| Trade receivables | 40 | €157,659 | €169,202 | +€11,543 | +7.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €504,150 | €699,525 | +€195,375 | +38.8% |
| Deferred charges and accrued income | 490/1 | €4,707 | €5,156 | +€448 | +9.5% |
| Total equity and liabilities | 10/49 | €760,289 | €947,559 | +€187,271 | +24.6% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €758,289 | €945,559 | +€187,271 | +24.7% |
| Amounts payable after more than one year | 17 | €64,300 | €35,044 | -€29,256 | -45.5% |
| Financial debts | 170/4 | €64,300 | €35,044 | -€29,256 | -45.5% |
| Amounts payable within one year | 42/48 | €693,988 | €910,367 | +€216,379 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €28,761 | €29,256 | +€495 | +1.7% |
| Financial debts | 43 | €17,792 | €17,804 | +€12 | +0.1% |
| Credit institutions | 430/8 | €75 | €0 | -€75 | -100% |
| Other loans | 439 | €17,717 | €17,804 | +€87 | +0.5% |
| Trade debts | 44 | €3,948 | €687 | -€3,261 | -82.6% |
| Suppliers | 440/4 | €3,948 | €687 | -€3,261 | -82.6% |
| Taxes, remuneration and social security | 45 | €20,651 | €24,370 | +€3,719 | +18.0% |
| Taxes | 450/3 | €20,651 | €24,370 | +€3,719 | +18.0% |
| Other amounts payable | 47/48 | €622,836 | €838,250 | +€215,413 | +34.6% |
| Accrued charges and deferred income | 492/3 | - | €148 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,277 | €22,448 | +€13,170 | +142% |
| Other operating charges | 640/8 | €767 | €548 | -€219 | -28.6% |
| Non-recurring operating charges | 66A | €20,611 | €0 | -€20,611 | -100% |
| Gross operating margin | 9900 | €412,966 | €413,720 | +€754 | +0.2% |
| Operating profit (loss) | 9901 | €382,311 | €390,724 | +€8,413 | +2.2% |
| Financial income | 75/76B | €3,797 | €1,840 | -€1,958 | -51.6% |
| Recurring financial income | 75 | €3,797 | €1,840 | -€1,958 | -51.6% |
| Financial charges | 65/66B | €2,158 | €3,632 | +€1,474 | +68.3% |
| Recurring financial charges | 65 | €2,158 | €3,632 | +€1,474 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €383,951 | €388,932 | +€4,981 | +1.3% |
| Income taxes | 67/77 | €91,761 | €94,922 | +€3,161 | +3.4% |
| Profit (loss) for the period | 9904 | €292,190 | €294,010 | +€1,820 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €292,190 | €294,010 | +€1,820 | +0.6% |
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 19 October 2026 via checked.be.