LAB9 STORES: 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.
What changed
LAB9 STORES
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.2m+€82,942
Equity
€9.0m
2024 · €7.7m+€1.3m
Cash
€2.1m
2024 · €1.5m+€602,347
Balance sheet total
€21.4m
2024 · €21.9m-€568,608
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-11.2%), from €11.7m to €10.4m
- Receivables within one year +€863,316
up €863,316 (+30.7%), from €2.8m to €3.7m
of which Other amounts receivable: +€625,000
- Cash +€602,347
up €602,347 (+40.9%), from €1.5m to €2.1m
mainly Net result for the year (+€2.3m) and Stocks and contracts (+€1.3m)
- Intangible fixed assets -€434,494
down €434,494 (-12.7%), from €3.4m to €3.0m
- Tangible fixed assets -€395,069
down €395,069 (-18.6%), from €2.1m to €1.7m
of which Other tangible fixed assets: -€438,208
Equity and liabilities
- Short-term financial debts -€1.1m
down €1.1m (-30.9%), from €3.7m to €2.6m
- Debts after one year -€851,997
down €851,997 (-30.5%), from €2.8m to €1.9m
- Profit (loss) carried forward +€789,294
up €789,294 (+11.4%), from €6.9m to €7.7m
- Reserves +€505,200
up €505,200 (+75.1%), from €672,402 to €1.2m
of which Tax-exempt reserves: +€505,200
- Other debts +€268,401
up €268,401 (+50.3%), from €533,525 to €801,927
Income statement
- Turnover +€7.4m
up €7.4m (+6.8%), from €108.4m to €115.9m
- Goods and materials +€5.4m
up €5.4m (+6.2%), from €87.2m to €92.6m
of which Change in stocks: decrease (increase): +€2.8m
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.
Result 2024
€2.2m
Turnover
+€7.4m
Other operating income
+€58,681
Goods and materials
-€5.4m
Services and other goods
-€985,565
Staff costs
-€1.1m
Depreciation
-€87,474
Other operating charges
-€1,253
Other operating items
+€97,703
Financial income
+€20,813
Financial charges
-€11,528
Taxes
+€83,475
Result 2025
€2.3m
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.
From operations
+€3.9m
Investment
-€360,883
Financing
-€3.0m
Cash 2024
€1.5m
From operations (derived)
+€3.9m
Net result for the year
+€2.3m
Depreciation
+€1.2m
Stocks and contracts
+€1.3m
Receivables within one year
-€863,316
Deferred charges and accrued income
-€104,632
Trade debts
+€107,076
Tax, wage and social debts
-€226,794
Advances received
-€49,955
Other debts
+€268,401
Accrued charges and deferred income
-€3,914
Investment (derived)
-€360,883
Investment in fixed assets (net)
-€360,883
Financing
-€3.0m
Debts after one year
-€851,997
Current portion of long-term debt
+€43,882
Short-term financial debts
-€1.1m
Contributions, distributions and other
-€1.0m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,930,187 | €21,361,579 | -€568,608 | -2.6% |
| Fixed assets | 21/28 | €5,553,423 | €4,723,861 | -€829,562 | -14.9% |
| Intangible fixed assets | 21 | €3,429,827 | €2,995,333 | -€434,494 | -12.7% |
| Tangible fixed assets | 22/27 | €2,123,311 | €1,728,243 | -€395,069 | -18.6% |
| Plant, machinery and equipment | 23 | €360,733 | €349,006 | -€11,727 | -3.3% |
| Furniture and vehicles | 24 | €203,278 | €258,144 | +€54,866 | +27.0% |
| Other tangible fixed assets | 26 | €1,559,300 | €1,121,092 | -€438,208 | -28.1% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Other financial fixed assets | 284/8 | €285 | €285 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €16,376,764 | €16,637,718 | +€260,954 | +1.6% |
| Stocks and contracts in progress | 3 | €11,719,495 | €10,410,154 | -€1.3m | -11.2% |
| Stocks | 30/36 | €11,719,495 | €10,410,154 | -€1.3m | -11.2% |
| Goods purchased for resale | 34 | €11,719,495 | €10,410,154 | -€1.3m | -11.2% |
| Amounts receivable within one year | 40/41 | €2,808,698 | €3,672,014 | +€863,316 | +30.7% |
| Trade receivables | 40 | €2,808,698 | €3,047,014 | +€238,316 | +8.5% |
| Other amounts receivable | 41 | - | €625,000 | +€625,000 | |
| Cash at bank and in hand | 54/58 | €1,472,614 | €2,074,961 | +€602,347 | +40.9% |
| Deferred charges and accrued income | 490/1 | €375,957 | €480,589 | +€104,632 | +27.8% |
| Total equity and liabilities | 10/49 | €21,930,187 | €21,361,579 | -€568,608 | -2.6% |
| Equity | 10/15 | €7,681,050 | €8,975,543 | +€1.3m | +16.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €672,402 | €1,177,602 | +€505,200 | +75.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €589,583 | €1,094,783 | +€505,200 | +85.7% |
| Distributable reserves | 133 | €76,669 | €76,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,947,148 | €7,736,441 | +€789,294 | +11.4% |
| Amounts payable | 17/49 | €14,249,137 | €12,386,035 | -€1.9m | -13.1% |
| Amounts payable after more than one year | 17 | €2,791,738 | €1,939,741 | -€851,997 | -30.5% |
| Financial debts | 170/4 | €2,791,738 | €1,939,741 | -€851,997 | -30.5% |
| Credit institutions | 173 | €2,791,738 | €1,939,741 | -€851,997 | -30.5% |
| Amounts payable within one year | 42/48 | €11,440,863 | €10,433,671 | -€1.0m | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €768,114 | €811,997 | +€43,882 | +5.7% |
| Financial debts | 43 | €3,725,818 | €2,576,016 | -€1.1m | -30.9% |
| Credit institutions | 430/8 | €3,725,818 | €2,576,016 | -€1.1m | -30.9% |
| Trade debts | 44 | €3,261,754 | €3,368,830 | +€107,076 | +3.3% |
| Suppliers | 440/4 | €3,261,754 | €3,368,830 | +€107,076 | +3.3% |
| Advances received on contracts in progress | 46 | €297,792 | €247,837 | -€49,955 | -16.8% |
| Taxes, remuneration and social security | 45 | €2,853,859 | €2,627,066 | -€226,794 | -7.9% |
| Taxes | 450/3 | €1,641,173 | €1,320,529 | -€320,645 | -19.5% |
| Remuneration and social security | 454/9 | €1,212,686 | €1,306,537 | +€93,851 | +7.7% |
| Other amounts payable | 47/48 | €533,525 | €801,927 | +€268,401 | +50.3% |
| Accrued charges and deferred income | 492/3 | €16,537 | €12,623 | -€3,914 | -23.7% |
| Operating income | 70/76A | €108,885,824 | €116,372,325 | +€7.5m | +6.9% |
| Turnover | 70 | €108,447,700 | €115,875,656 | +€7.4m | +6.8% |
| Other operating income | 74 | €437,989 | €496,669 | +€58,681 | +13.4% |
| Non-recurring operating income | 76A | €136 | €0 | -€136 | -100.0% |
| Operating charges | 60/66A | €105,187,571 | €112,683,890 | +€7.5m | +7.1% |
| Goods for resale, raw materials and consumables | 60 | €87,188,847 | €92,595,840 | +€5.4m | +6.2% |
| Purchases | 600/8 | €88,632,759 | €91,286,499 | +€2.7m | +3.0% |
| Change in stocks: decrease (increase) | 609 | -€1,443,912 | €1,309,341 | +€2.8m | |
| Services and other goods | 61 | €7,244,665 | €8,230,230 | +€985,565 | +13.6% |
| Remuneration, social security and pensions | 62 | €9,498,289 | €10,611,162 | +€1.1m | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102,971 | €1,190,446 | +€87,474 | +7.9% |
| Other operating charges | 640/8 | €30,256 | €31,509 | +€1,253 | +4.1% |
| Non-recurring operating charges | 66A | €122,542 | €24,703 | -€97,839 | -79.8% |
| Operating profit (loss) | 9901 | €3,698,253 | €3,688,435 | -€9,818 | -0.3% |
| Financial income | 75/76B | €243,706 | €264,519 | +€20,813 | +8.5% |
| Recurring financial income | 75 | €243,706 | €264,519 | +€20,813 | +8.5% |
| Income from current assets | 751 | - | €6,215 | +€6,215 | |
| Other financial income | 752/9 | €243,706 | €258,305 | +€14,598 | +6.0% |
| Financial charges | 65/66B | €760,605 | €772,132 | +€11,528 | +1.5% |
| Recurring financial charges | 65 | €760,605 | €772,132 | +€11,528 | +1.5% |
| Debt charges | 650 | €349,297 | €245,377 | -€103,920 | -29.8% |
| Other financial charges | 652/9 | €411,308 | €526,756 | +€115,448 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €3,181,354 | €3,180,821 | -€533 | 0.0% |
| Income taxes | 67/77 | €969,802 | €886,328 | -€83,475 | -8.6% |
| Taxes | 670/3 | €969,958 | €887,803 | -€82,155 | -8.5% |
| Tax adjustments and reversals of tax provisions | 77 | €156 | €1,476 | +€1,320 | +846.9% |
| Profit (loss) for the period | 9904 | €2,211,552 | €2,294,494 | +€82,942 | +3.8% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €505,200 | +€168,400 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,874,752 | €1,789,294 | -€85,458 | -4.6% |
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 10 October 2026 via checked.be.