Lab15: 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.
Lab15
Largest movements
- Receivables within one year +€656,495
up €656,495 (+157.3%), from €417,329 to €1.1m
of which Trade receivables: +€669,103
- Deferred charges and accrued income +€97,117
up €97,117 (+149.7%), from €64,866 to €161,983
- Tangible fixed assets +€80,478
up €80,478 (+66.0%), from €121,909 to €202,387
of which Furniture and vehicles: +€64,222
- Cash -€40,422
down €40,422 (-15.6%), from €258,768 to €218,346
mainly Receivables within one year (-€656,495) and Accrued charges and deferred income (-€132,536)
- Stocks and contracts +€28,203
up €28,203 (+60.7%), from €46,451 to €74,654
- Trade debts +€729,486
up €729,486 (+200.9%), from €363,042 to €1.1m
- Short-term financial debts +€150,000
new in 2025: €150,000
- Accrued charges and deferred income -€132,536
down €132,536 (-41.2%), from €321,600 to €189,064
- Debts after one year +€46,783
up €46,783 (+105.3%), from €44,408 to €91,191
- Staff costs +€146,550
up €146,550 (+14.3%), from €1.0m to €1.2m
- Gross operating margin +€142,847
up €142,847 (+13.1%), from €1.1m to €1.2m
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 | €1,107,688 | €1,918,343 | +€810,655 | +73.2% |
| Fixed assets | 21/28 | €125,760 | €205,022 | +€79,262 | +63.0% |
| Intangible fixed assets | 21 | €3,851 | €2,635 | -€1,216 | -31.6% |
| Tangible fixed assets | 22/27 | €121,909 | €202,387 | +€80,478 | +66.0% |
| Plant, machinery and equipment | 23 | €96,885 | €113,945 | +€17,060 | +17.6% |
| Furniture and vehicles | 24 | €12,246 | €76,467 | +€64,222 | +524.4% |
| Other tangible fixed assets | 26 | €12,778 | €11,975 | -€803 | -6.3% |
| Current assets | 29/58 | €981,928 | €1,713,321 | +€731,393 | +74.5% |
| Amounts receivable after more than one year | 29 | €194,514 | €184,514 | -€10,000 | -5.1% |
| Other amounts receivable | 291 | €194,514 | €184,514 | -€10,000 | -5.1% |
| Stocks and contracts in progress | 3 | €46,451 | €74,654 | +€28,203 | +60.7% |
| Stocks | 30/36 | €46,451 | €74,654 | +€28,203 | +60.7% |
| Amounts receivable within one year | 40/41 | €417,329 | €1,073,824 | +€656,495 | +157.3% |
| Trade receivables | 40 | €398,363 | €1,067,466 | +€669,103 | +168.0% |
| Other amounts receivable | 41 | €18,966 | €6,358 | -€12,608 | -66.5% |
| Cash at bank and in hand | 54/58 | €258,768 | €218,346 | -€40,422 | -15.6% |
| Deferred charges and accrued income | 490/1 | €64,866 | €161,983 | +€97,117 | +149.7% |
| Total equity and liabilities | 10/49 | €1,107,688 | €1,918,343 | +€810,655 | +73.2% |
| Equity | 10/15 | €258,591 | €259,446 | +€854 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,231 | €43,231 | = | 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 | €20,616 | €20,616 | = | 0.0% |
| Distributable reserves | 133 | €20,754 | €20,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,760 | €197,615 | +€854 | +0.4% |
| Amounts payable | 17/49 | €849,097 | €1,658,898 | +€809,801 | +95.4% |
| Amounts payable after more than one year | 17 | €44,408 | €91,191 | +€46,783 | +105.3% |
| Financial debts | 170/4 | €44,408 | €91,191 | +€46,783 | +105.3% |
| Amounts payable within one year | 42/48 | €483,089 | €1,378,643 | +€895,554 | +185.4% |
| Current portion of amounts payable after more than one year | 42 | €24,300 | €43,090 | +€18,790 | +77.3% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €363,042 | €1,092,528 | +€729,486 | +200.9% |
| Suppliers | 440/4 | €363,042 | €1,092,528 | +€729,486 | +200.9% |
| Taxes, remuneration and social security | 45 | €94,189 | €85,877 | -€8,312 | -8.8% |
| Taxes | 450/3 | €61,918 | €24,158 | -€37,761 | -61.0% |
| Remuneration and social security | 454/9 | €32,271 | €61,719 | +€29,448 | +91.3% |
| Other amounts payable | 47/48 | €1,557 | €7,148 | +€5,591 | +359.0% |
| Accrued charges and deferred income | 492/3 | €321,600 | €189,064 | -€132,536 | -41.2% |
| Non-recurring operating income | 76A | €719 | €1,150 | +€431 | +59.9% |
| Remuneration, social security and pensions | 62 | €1,027,504 | €1,174,055 | +€146,550 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,714 | €42,397 | +€7,682 | +22.1% |
| Other operating charges | 640/8 | €10,674 | €5,312 | -€5,362 | -50.2% |
| Non-recurring operating charges | 66A | - | €167 | +€167 | |
| Gross operating margin | 9900 | €1,089,169 | €1,232,016 | +€142,847 | +13.1% |
| Operating profit (loss) | 9901 | €16,276 | €10,086 | -€6,190 | -38.0% |
| Financial income | 75/76B | €3,431 | €3,905 | +€474 | +13.8% |
| Recurring financial income | 75 | €3,431 | €3,905 | +€474 | +13.8% |
| Financial charges | 65/66B | €11,450 | €9,313 | -€2,137 | -18.7% |
| Recurring financial charges | 65 | €11,450 | €9,313 | -€2,137 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €8,257 | €4,678 | -€3,579 | -43.3% |
| Income taxes | 67/77 | €7,262 | €3,823 | -€3,439 | -47.4% |
| Profit (loss) for the period | 9904 | €995 | €854 | -€140 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €995 | €854 | -€140 | -14.1% |
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 8 October 2026 via checked.be.