LAB ON BOARD: 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.
LAB ON BOARD
Largest movements
- Tangible fixed assets +€16,292
up €16,292 (+8.0%), from €203,297 to €219,589
of which Other tangible fixed assets: +€15,114
- Cash -€11,285
down €11,285 (-12.5%), from €90,180 to €78,895
mainly Investment in fixed assets (net) (-€59,707) and Contributions, distributions and other (-€49,600)
- Receivables within one year -€8,129
down €8,129 (-11.6%), from €70,268 to €62,139
of which Trade receivables: -€6,152
- Deferred charges and accrued income +€6,375
new in 2025: €6,375
- Reserves +€20,000
up €20,000 (+7.3%), from €275,010 to €295,010
- Debts after one year -€12,296
down €12,296 (-49.8%), from €24,678 to €12,383
- Tax, wage and social debts -€11,233
down €11,233 (-33.2%), from €33,838 to €22,604
of which Taxes: -€6,422
- Other debts +€4,365
up €4,365 (+514%), from €850 to €5,214
- Gross operating margin +€55,824
up €55,824 (+30.0%), from €186,108 to €241,932
- Taxes +€13,860
up €13,860 (+113%), from €12,317 to €26,177
- Depreciation +€13,551
up €13,551 (+45.4%), from €29,864 to €43,415
- Other operating charges -€8,573
down €8,573 (-81.3%), from €10,544 to €1,971
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 | €365,431 | €368,684 | +€3,253 | +0.9% |
| Fixed assets | 21/28 | €204,983 | €221,275 | +€16,292 | +7.9% |
| Tangible fixed assets | 22/27 | €203,297 | €219,589 | +€16,292 | +8.0% |
| Land and buildings | 22 | €79,949 | €71,075 | -€8,874 | -11.1% |
| Plant, machinery and equipment | 23 | €1,497 | €1,025 | -€472 | -31.5% |
| Furniture and vehicles | 24 | €51,118 | €61,643 | +€10,525 | +20.6% |
| Other tangible fixed assets | 26 | €70,733 | €85,846 | +€15,114 | +21.4% |
| Financial fixed assets | 28 | €1,686 | €1,686 | = | 0.0% |
| Current assets | 29/58 | €160,447 | €147,409 | -€13,039 | -8.1% |
| Amounts receivable within one year | 40/41 | €70,268 | €62,139 | -€8,129 | -11.6% |
| Trade receivables | 40 | €67,585 | €61,433 | -€6,152 | -9.1% |
| Other amounts receivable | 41 | €2,683 | €706 | -€1,977 | -73.7% |
| Cash at bank and in hand | 54/58 | €90,180 | €78,895 | -€11,285 | -12.5% |
| Deferred charges and accrued income | 490/1 | - | €6,375 | +€6,375 | |
| Total equity and liabilities | 10/49 | €365,431 | €368,684 | +€3,253 | +0.9% |
| Equity | 10/15 | €282,147 | €302,169 | +€20,022 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,010 | €295,010 | +€20,000 | +7.3% |
| Distributable reserves | 133 | €275,010 | €295,010 | +€20,000 | +7.3% |
| Profit (loss) carried forward | 14 | €937 | €959 | +€22 | +2.3% |
| Amounts payable | 17/49 | €83,284 | €66,515 | -€16,768 | -20.1% |
| Amounts payable after more than one year | 17 | €24,678 | €12,383 | -€12,296 | -49.8% |
| Financial debts | 170/4 | €24,678 | €12,383 | -€12,296 | -49.8% |
| Amounts payable within one year | 42/48 | €57,874 | €53,920 | -€3,954 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €12,055 | €12,296 | +€241 | +2.0% |
| Trade debts | 44 | €11,132 | €13,806 | +€2,674 | +24.0% |
| Suppliers | 440/4 | €11,132 | €13,806 | +€2,674 | +24.0% |
| Taxes, remuneration and social security | 45 | €33,838 | €22,604 | -€11,233 | -33.2% |
| Taxes | 450/3 | €15,571 | €9,148 | -€6,422 | -41.2% |
| Remuneration and social security | 454/9 | €18,267 | €13,456 | -€4,811 | -26.3% |
| Other amounts payable | 47/48 | €850 | €5,214 | +€4,365 | +514% |
| Accrued charges and deferred income | 492/3 | €731 | €212 | -€519 | -70.9% |
| Remuneration, social security and pensions | 62 | €99,227 | €99,673 | +€446 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,864 | €43,415 | +€13,551 | +45.4% |
| Other operating charges | 640/8 | €10,544 | €1,971 | -€8,573 | -81.3% |
| Gross operating margin | 9900 | €186,108 | €241,932 | +€55,824 | +30.0% |
| Operating profit (loss) | 9901 | €46,473 | €96,873 | +€50,400 | +108% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €1,831 | €1,074 | -€757 | -41.3% |
| Recurring financial charges | 65 | €1,831 | €1,074 | -€757 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €44,662 | €95,798 | +€51,136 | +114% |
| Income taxes | 67/77 | €12,317 | €26,177 | +€13,860 | +113% |
| Profit (loss) for the period | 9904 | €32,345 | €69,622 | +€37,276 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €32,345 | €69,622 | +€37,276 | +115% |
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 18 October 2026 via checked.be.