LABA: 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.
LABA
Largest movements
- Cash -€55,093
down €55,093 (-59.2%), from €93,093 to €37,999
mainly Other debts (-€57,017) and Investment in fixed assets (net) (-€35,707)
- Deferred charges and accrued income -€30,681
down €30,681 (-41.5%), from €73,967 to €43,286
- Tangible fixed assets +€29,786
up €29,786 (+253.1%), from €11,769 to €41,555
of which Furniture and vehicles: +€31,117
- Receivables within one year -€18,323
down €18,323 (-84.6%), from €21,647 to €3,324
of which Other amounts receivable: -€18,493
- Other debts -€57,017
down €57,017 (-26.5%), from €215,421 to €158,404
- Short-term financial debts -€26,765
down €26,765 (-100.0%), from €26,765 to €0
- Trade debts +€10,224
up €10,224 (+264.4%), from €3,867 to €14,091
- Gross operating margin -€90,408
down €90,408 (-64.2%), from €140,736 to €50,328
- Taxes -€19,219
down €19,219 (-56.3%), from €34,135 to €14,916
- Depreciation -€13,333
down €13,333 (-69.2%), from €19,253 to €5,921
- Financial charges -€2,724
down €2,724 (-62.3%), from €4,371 to €1,647
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,638 | €435,326 | -€74,311 | -14.6% |
| Fixed assets | 21/28 | €13,569 | €43,355 | +€29,786 | +219.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,769 | €41,555 | +€29,786 | +253.1% |
| Plant, machinery and equipment | 23 | €2,597 | €2,238 | -€359 | -13.8% |
| Furniture and vehicles | 24 | €830 | €31,947 | +€31,117 | +3749.2% |
| Other tangible fixed assets | 26 | €8,342 | €7,370 | -€972 | -11.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €496,068 | €391,972 | -€104,097 | -21.0% |
| Amounts receivable within one year | 40/41 | €21,647 | €3,324 | -€18,323 | -84.6% |
| Trade receivables | 40 | - | €170 | +€170 | |
| Other amounts receivable | 41 | €21,647 | €3,155 | -€18,493 | -85.4% |
| Current investments | 50/53 | €307,362 | €307,362 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,093 | €37,999 | -€55,093 | -59.2% |
| Deferred charges and accrued income | 490/1 | €73,967 | €43,286 | -€30,681 | -41.5% |
| Total equity and liabilities | 10/49 | €509,638 | €435,326 | -€74,311 | -14.6% |
| Equity | 10/15 | €255,229 | €255,229 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €254,229 | €254,229 | = | 0.0% |
| Distributable reserves | 133 | €254,229 | €254,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,409 | €180,098 | -€74,311 | -29.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €253,553 | €179,498 | -€74,056 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €2,013 | €0 | -€2,013 | -100.0% |
| Financial debts | 43 | €26,765 | €0 | -€26,765 | -100.0% |
| Credit institutions | 430/8 | €26,765 | €0 | -€26,765 | -100.0% |
| Trade debts | 44 | €3,867 | €14,091 | +€10,224 | +264.4% |
| Suppliers | 440/4 | €3,867 | €14,091 | +€10,224 | +264.4% |
| Taxes, remuneration and social security | 45 | €5,487 | €7,003 | +€1,515 | +27.6% |
| Taxes | 450/3 | €5,487 | €7,003 | +€1,515 | +27.6% |
| Other amounts payable | 47/48 | €215,421 | €158,404 | -€57,017 | -26.5% |
| Accrued charges and deferred income | 492/3 | €855 | €600 | -€255 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,253 | €5,921 | -€13,333 | -69.2% |
| Other operating charges | 640/8 | €1,376 | €1,562 | +€185 | +13.5% |
| Gross operating margin | 9900 | €140,736 | €50,328 | -€90,408 | -64.2% |
| Operating profit (loss) | 9901 | €120,106 | €42,845 | -€77,261 | -64.3% |
| Financial income | 75/76B | €284 | €237 | -€48 | -16.8% |
| Recurring financial income | 75 | €284 | €237 | -€48 | -16.8% |
| Financial charges | 65/66B | €4,371 | €1,647 | -€2,724 | -62.3% |
| Recurring financial charges | 65 | €4,371 | €1,647 | -€2,724 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €116,019 | €41,435 | -€74,584 | -64.3% |
| Income taxes | 67/77 | €34,135 | €14,916 | -€19,219 | -56.3% |
| Profit (loss) for the period | 9904 | €81,884 | €26,518 | -€55,366 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,884 | €26,518 | -€55,366 | -67.6% |
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.