Lab19: 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.
Lab19
Largest movements
- Receivables within one year -€63,610
down €63,610 (-27.8%), from €229,195 to €165,586
of which Other amounts receivable: -€81,964
- Tangible fixed assets +€35,970
up €35,970 (+100%), from €35,857 to €71,827
of which Furniture and vehicles: +€18,867
- Cash +€21,896
up €21,896 (+17.3%), from €126,848 to €148,744
mainly Net result for the year (+€133,735) and Receivables within one year (+€63,610)
- Reserves -€33,534
down €33,534 (-20.6%), from €163,179 to €129,645
- Other debts +€30,625
up €30,625 (+25.0%), from €122,404 to €153,029
- Gross operating margin +€20,393
up €20,393 (+8.2%), from €248,383 to €268,776
- Depreciation +€10,758
up €10,758 (+77.4%), from €13,907 to €24,665
- Staff costs +€5,015
up €5,015 (+8.1%), from €61,592 to €66,606
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 | €416,708 | €412,974 | -€3,735 | -0.9% |
| Fixed assets | 21/28 | €37,461 | €72,594 | +€35,133 | +93.8% |
| Intangible fixed assets | 21 | €1,279 | €767 | -€512 | -40.0% |
| Tangible fixed assets | 22/27 | €35,857 | €71,827 | +€35,970 | +100% |
| Plant, machinery and equipment | 23 | €32,732 | €49,835 | +€17,103 | +52.2% |
| Furniture and vehicles | 24 | €3,125 | €21,992 | +€18,867 | +604% |
| Financial fixed assets | 28 | €325 | - | -€325 | |
| Current assets | 29/58 | €379,247 | €340,380 | -€38,867 | -10.2% |
| Stocks and contracts in progress | 3 | €22,379 | €25,000 | +€2,621 | +11.7% |
| Stocks | 30/36 | €22,379 | €25,000 | +€2,621 | +11.7% |
| Amounts receivable within one year | 40/41 | €229,195 | €165,586 | -€63,610 | -27.8% |
| Trade receivables | 40 | €120,741 | €139,096 | +€18,354 | +15.2% |
| Other amounts receivable | 41 | €108,454 | €26,490 | -€81,964 | -75.6% |
| Cash at bank and in hand | 54/58 | €126,848 | €148,744 | +€21,896 | +17.3% |
| Deferred charges and accrued income | 490/1 | €825 | €1,050 | +€226 | +27.4% |
| Total equity and liabilities | 10/49 | €416,708 | €412,974 | -€3,735 | -0.9% |
| Equity | 10/15 | €173,179 | €139,645 | -€33,534 | -19.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €163,179 | €129,645 | -€33,534 | -20.6% |
| Distributable reserves | 133 | €163,179 | €129,645 | -€33,534 | -20.6% |
| Amounts payable | 17/49 | €243,530 | €273,329 | +€29,799 | +12.2% |
| Amounts payable within one year | 42/48 | €243,530 | €273,329 | +€29,799 | +12.2% |
| Trade debts | 44 | €50,753 | €47,315 | -€3,438 | -6.8% |
| Suppliers | 440/4 | €50,753 | €47,315 | -€3,438 | -6.8% |
| Taxes, remuneration and social security | 45 | €70,373 | €72,985 | +€2,613 | +3.7% |
| Taxes | 450/3 | €57,332 | €58,613 | +€1,281 | +2.2% |
| Remuneration and social security | 454/9 | €13,041 | €14,372 | +€1,331 | +10.2% |
| Other amounts payable | 47/48 | €122,404 | €153,029 | +€30,625 | +25.0% |
| Remuneration, social security and pensions | 62 | €61,592 | €66,606 | +€5,015 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,907 | €24,665 | +€10,758 | +77.4% |
| Other operating charges | 640/8 | €979 | €1,571 | +€592 | +60.5% |
| Gross operating margin | 9900 | €248,383 | €268,776 | +€20,393 | +8.2% |
| Operating profit (loss) | 9901 | €171,906 | €175,934 | +€4,029 | +2.3% |
| Financial income | 75/76B | €12 | €10 | -€2 | -16.3% |
| Recurring financial income | 75 | €12 | €10 | -€2 | -16.3% |
| Financial charges | 65/66B | €309 | €857 | +€548 | +177% |
| Recurring financial charges | 65 | €309 | €857 | +€548 | +177% |
| Profit (loss) for the period before taxes | 9903 | €171,609 | €175,087 | +€3,479 | +2.0% |
| Income taxes | 67/77 | €42,534 | €41,353 | -€1,182 | -2.8% |
| Profit (loss) for the period | 9904 | €129,074 | €133,735 | +€4,660 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €129,074 | €133,735 | +€4,660 | +3.6% |
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 16 October 2026 via checked.be.