LAB LAW: 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 LAW
Largest movements
- Cash -€37,553
down €37,553 (-40.6%), from €92,533 to €54,980
mainly Contributions, distributions and other (-€91,000) and Tax, wage and social debts (-€39,535)
- Receivables within one year +€18,337
up €18,337 (+25.6%), from €71,693 to €90,029
of which Other amounts receivable: +€35,783
- Intangible fixed assets -€12,000
down €12,000 (-66.7%), from €18,000 to €6,000
- Tax, wage and social debts -€39,535
down €39,535 (-64.5%), from €61,290 to €21,756
- Profit (loss) carried forward +€21,473
up €21,473 (+23.4%), from €91,947 to €113,420
- Trade debts -€16,113
down €16,113 (-75.1%), from €21,463 to €5,350
- Advances received +€5,173
up €5,173 (+209.0%), from €2,476 to €7,648
- Current portion of long-term debt -€2,605
down €2,605 (-100.0%), from €2,605 to €0
- Gross operating margin +€16,323
up €16,323 (+10.6%), from €153,827 to €170,151
- Taxes +€10,326
up €10,326 (+33.6%), from €30,687 to €41,014
- Depreciation -€2,406
down €2,406 (-14.6%), from €16,533 to €14,127
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 | €189,379 | €157,772 | -€31,607 | -16.7% |
| Fixed assets | 21/28 | €21,650 | €10,870 | -€10,780 | -49.8% |
| Intangible fixed assets | 21 | €18,000 | €6,000 | -€12,000 | -66.7% |
| Tangible fixed assets | 22/27 | €3,550 | €4,770 | +€1,220 | +34.4% |
| Plant, machinery and equipment | 23 | €1,168 | €782 | -€386 | -33.1% |
| Furniture and vehicles | 24 | €2,381 | €3,988 | +€1,606 | +67.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €167,729 | €146,902 | -€20,827 | -12.4% |
| Amounts receivable within one year | 40/41 | €71,693 | €90,029 | +€18,337 | +25.6% |
| Trade receivables | 40 | €71,693 | €54,246 | -€17,447 | -24.3% |
| Other amounts receivable | 41 | €0 | €35,783 | +€35,783 | |
| Cash at bank and in hand | 54/58 | €92,533 | €54,980 | -€37,553 | -40.6% |
| Deferred charges and accrued income | 490/1 | €3,503 | €1,892 | -€1,611 | -46.0% |
| Total equity and liabilities | 10/49 | €189,379 | €157,772 | -€31,607 | -16.7% |
| Equity | 10/15 | €101,544 | €123,017 | +€21,473 | +21.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,597 | €6,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,597 | €6,597 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,597 | €6,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,947 | €113,420 | +€21,473 | +23.4% |
| Amounts payable | 17/49 | €87,834 | €34,754 | -€53,080 | -60.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €87,834 | €34,754 | -€53,080 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €2,605 | €0 | -€2,605 | -100.0% |
| Trade debts | 44 | €21,463 | €5,350 | -€16,113 | -75.1% |
| Suppliers | 440/4 | €21,463 | €5,350 | -€16,113 | -75.1% |
| Advances received on contracts in progress | 46 | €2,476 | €7,648 | +€5,173 | +209.0% |
| Taxes, remuneration and social security | 45 | €61,290 | €21,756 | -€39,535 | -64.5% |
| Taxes | 450/3 | €61,290 | €21,756 | -€39,535 | -64.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,533 | €14,127 | -€2,406 | -14.6% |
| Other operating charges | 640/8 | €1,133 | €879 | -€254 | -22.4% |
| Gross operating margin | 9900 | €153,827 | €170,151 | +€16,323 | +10.6% |
| Operating profit (loss) | 9901 | €136,161 | €155,144 | +€18,983 | +13.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,235 | €1,658 | -€577 | -25.8% |
| Recurring financial charges | 65 | €2,235 | €1,658 | -€577 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €133,926 | €153,486 | +€19,561 | +14.6% |
| Income taxes | 67/77 | €30,687 | €41,014 | +€10,326 | +33.6% |
| Profit (loss) for the period | 9904 | €103,238 | €112,473 | +€9,235 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,238 | €112,473 | +€9,235 | +8.9% |
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 2 October 2026 via checked.be.