LAB - G: 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.
LAB - G
Largest movements
- Tangible fixed assets -€50,132
down €50,132 (-18.0%), from €279,247 to €229,114
of which Land and buildings: -€86,385
- Cash +€29,626
up €29,626 (+279.3%), from €10,609 to €40,235
mainly Investment in fixed assets (net) (+€30,231) and Depreciation (+€19,902)
- Debts after one year -€19,336
down €19,336 (-10.5%), from €183,516 to €164,180
- Current portion of long-term debt -€14,974
down €14,974 (-51.5%), from €29,093 to €14,118
- Trade debts +€11,459
up €11,459 (+84.5%), from €13,565 to €25,023
- Tax, wage and social debts +€7,934
up €7,934 (+571.3%), from €1,389 to €9,323
of which Remuneration and social security: +€4,825
- Other debts -€5,714
down €5,714 (-76.7%), from €7,452 to €1,737
- Gross operating margin +€12,886
up €12,886 (+10.9%), from €117,917 to €130,803
- Staff costs +€9,035
up €9,035 (+10.5%), from €86,248 to €95,283
- Other operating charges -€5,688
down €5,688 (-65.8%), from €8,649 to €2,961
- Taxes +€3,756
up €3,756 (+270.4%), from €1,389 to €5,145
- Depreciation +€2,794
up €2,794 (+16.3%), from €17,108 to €19,902
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 | €323,891 | €303,005 | -€20,886 | -6.4% |
| Fixed assets | 21/28 | €279,403 | €229,271 | -€50,132 | -17.9% |
| Tangible fixed assets | 22/27 | €279,247 | €229,114 | -€50,132 | -18.0% |
| Land and buildings | 22 | €267,244 | €180,858 | -€86,385 | -32.3% |
| Plant, machinery and equipment | 23 | €5,567 | €44,483 | +€38,916 | +699.1% |
| Furniture and vehicles | 24 | €6,436 | €3,773 | -€2,663 | -41.4% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €44,487 | €73,734 | +€29,246 | +65.7% |
| Amounts receivable within one year | 40/41 | €33,879 | €33,499 | -€380 | -1.1% |
| Trade receivables | 40 | €29,536 | €22,992 | -€6,543 | -22.2% |
| Other amounts receivable | 41 | €4,343 | €10,506 | +€6,164 | +141.9% |
| Cash at bank and in hand | 54/58 | €10,609 | €40,235 | +€29,626 | +279.3% |
| Total equity and liabilities | 10/49 | €323,891 | €303,005 | -€20,886 | -6.4% |
| Equity | 10/15 | €87,439 | €87,275 | -€164 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,177 | €59,177 | = | 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% |
| Tax-exempt reserves | 132 | €12,117 | €12,117 | = | 0.0% |
| Distributable reserves | 133 | €45,200 | €45,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,062 | €21,898 | -€164 | -0.7% |
| Amounts payable | 17/49 | €236,452 | €215,729 | -€20,723 | -8.8% |
| Amounts payable after more than one year | 17 | €183,516 | €164,180 | -€19,336 | -10.5% |
| Financial debts | 170/4 | €183,516 | €164,180 | -€19,336 | -10.5% |
| Amounts payable within one year | 42/48 | €51,498 | €50,202 | -€1,295 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €29,093 | €14,118 | -€14,974 | -51.5% |
| Trade debts | 44 | €13,565 | €25,023 | +€11,459 | +84.5% |
| Suppliers | 440/4 | €13,565 | €25,023 | +€11,459 | +84.5% |
| Taxes, remuneration and social security | 45 | €1,389 | €9,323 | +€7,934 | +571.3% |
| Taxes | 450/3 | €1,389 | €4,498 | +€3,109 | +223.9% |
| Remuneration and social security | 454/9 | - | €4,825 | +€4,825 | |
| Other amounts payable | 47/48 | €7,452 | €1,737 | -€5,714 | -76.7% |
| Accrued charges and deferred income | 492/3 | €1,438 | €1,347 | -€91 | -6.3% |
| Non-recurring operating income | 76A | - | €23,200 | +€23,200 | |
| Remuneration, social security and pensions | 62 | €86,248 | €95,283 | +€9,035 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,108 | €19,902 | +€2,794 | +16.3% |
| Other operating charges | 640/8 | €8,649 | €2,961 | -€5,688 | -65.8% |
| Gross operating margin | 9900 | €117,917 | €130,803 | +€12,886 | +10.9% |
| Operating profit (loss) | 9901 | €5,912 | €12,657 | +€6,745 | +114.1% |
| Financial income | 75/76B | €4 | €46 | +€42 | +1019.9% |
| Recurring financial income | 75 | €4 | €46 | +€42 | +1019.9% |
| Financial charges | 65/66B | €6,672 | €7,721 | +€1,049 | +15.7% |
| Recurring financial charges | 65 | €6,672 | €7,721 | +€1,049 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€756 | €4,981 | +€5,737 | |
| Income taxes | 67/77 | €1,389 | €5,145 | +€3,756 | +270.4% |
| Profit (loss) for the period | 9904 | -€2,145 | -€164 | +€1,981 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,145 | -€164 | +€1,981 | +92.4% |
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 5 October 2026 via checked.be.