LA.BO.WI.: 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.WI.
Largest movements
- Tangible fixed assets -€9,956
down €9,956 (-7.4%), from €134,646 to €124,690
of which Land and buildings: -€8,155
- Cash -€7,740
down €7,740 (-99.9%), from €7,750 to €10
mainly Trade debts (-€26,097) and Debts after one year (-€13,693)
- Trade debts -€26,097
down €26,097 (-47.7%), from €54,739 to €28,642
- Tax, wage and social debts +€20,520
up €20,520 (+60.3%), from €34,047 to €54,567
of which Taxes: +€12,845
- Debts after one year -€13,693
down €13,693 (-33.6%), from €40,745 to €27,053
- Financial income +€8,631
up €8,631 (+5,149%), from €168 to €8,798
- Gross operating margin -€8,135
down €8,135 (-6.3%), from €128,217 to €120,082
- Staff costs -€5,045
down €5,045 (-5.6%), from €90,169 to €85,124
- Taxes +€2,831
up €2,831 (+62.3%), from €4,542 to €7,374
- Other operating charges +€1,383
up €1,383 (+12.9%), from €10,698 to €12,081
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 | €628,873 | €611,961 | -€16,912 | -2.7% |
| Fixed assets | 21/28 | €534,646 | €524,690 | -€9,956 | -1.9% |
| Tangible fixed assets | 22/27 | €134,646 | €124,690 | -€9,956 | -7.4% |
| Land and buildings | 22 | €130,346 | €122,191 | -€8,155 | -6.3% |
| Plant, machinery and equipment | 23 | €1,957 | €1,251 | -€706 | -36.1% |
| Furniture and vehicles | 24 | €2,343 | €1,247 | -€1,096 | -46.8% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €94,226 | €87,271 | -€6,955 | -7.4% |
| Stocks and contracts in progress | 3 | €24,914 | €22,964 | -€1,950 | -7.8% |
| Stocks | 30/36 | €24,914 | €22,964 | -€1,950 | -7.8% |
| Amounts receivable within one year | 40/41 | €55,583 | €60,614 | +€5,030 | +9.1% |
| Trade receivables | 40 | €54,740 | €60,156 | +€5,416 | +9.9% |
| Other amounts receivable | 41 | €843 | €457 | -€386 | -45.8% |
| Cash at bank and in hand | 54/58 | €7,750 | €10 | -€7,740 | -99.9% |
| Deferred charges and accrued income | 490/1 | €5,980 | €3,684 | -€2,296 | -38.4% |
| Total equity and liabilities | 10/49 | €628,873 | €611,961 | -€16,912 | -2.7% |
| Equity | 10/15 | €425,241 | €428,156 | +€2,915 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,860 | €401,860 | = | 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 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,181 | €20,096 | +€2,915 | +17.0% |
| Amounts payable | 17/49 | €203,632 | €183,805 | -€19,827 | -9.7% |
| Amounts payable after more than one year | 17 | €40,745 | €27,053 | -€13,693 | -33.6% |
| Financial debts | 170/4 | €40,745 | €27,053 | -€13,693 | -33.6% |
| Amounts payable within one year | 42/48 | €162,886 | €156,680 | -€6,207 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €19,205 | €21,087 | +€1,881 | +9.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €54,739 | €28,642 | -€26,097 | -47.7% |
| Suppliers | 440/4 | €54,739 | €28,642 | -€26,097 | -47.7% |
| Taxes, remuneration and social security | 45 | €34,047 | €54,567 | +€20,520 | +60.3% |
| Taxes | 450/3 | €14,112 | €26,957 | +€12,845 | +91.0% |
| Remuneration and social security | 454/9 | €19,935 | €27,610 | +€7,675 | +38.5% |
| Other amounts payable | 47/48 | €29,894 | €27,383 | -€2,511 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Remuneration, social security and pensions | 62 | €90,169 | €85,124 | -€5,045 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,362 | €10,928 | +€566 | +5.5% |
| Other operating charges | 640/8 | €10,698 | €12,081 | +€1,383 | +12.9% |
| Gross operating margin | 9900 | €128,217 | €120,082 | -€8,135 | -6.3% |
| Operating profit (loss) | 9901 | €16,988 | €11,949 | -€5,039 | -29.7% |
| Financial income | 75/76B | €168 | €8,798 | +€8,631 | +5,149% |
| Recurring financial income | 75 | €168 | €8,798 | +€8,631 | +5,149% |
| Financial charges | 65/66B | €9,526 | €10,459 | +€933 | +9.8% |
| Recurring financial charges | 65 | €9,526 | €10,459 | +€933 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €7,630 | €10,289 | +€2,659 | +34.8% |
| Income taxes | 67/77 | €4,542 | €7,374 | +€2,831 | +62.3% |
| Profit (loss) for the period | 9904 | €3,087 | €2,915 | -€172 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,087 | €2,915 | -€172 | -5.6% |
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 17 October 2026 via checked.be.