LABAB: 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.
LABAB
Largest movements
- Cash +€117,732
up €117,732 (+57.6%), from €204,446 to €322,178
mainly Current investments (+€109,362) and Stocks and contracts (+€60,941)
- Current investments -€109,362
down €109,362 (-20.2%), from €541,521 to €432,160
- Stocks and contracts -€60,941
down €60,941 (-46.0%), from €132,481 to €71,540
- Tangible fixed assets +€35,880
up €35,880 (+35.4%), from €101,384 to €137,264
of which Land and buildings: +€51,420
- Trade debts -€42,421
down €42,421 (-17.9%), from €236,454 to €194,033
- Debts after one year +€33,480
up €33,480 (+55.4%), from €60,482 to €93,961
- Short-term financial debts -€16,912
down €16,912 (-25.3%), from €66,912 to €50,000
- Advances received -€13,476
no longer reported in 2025 (was €13,476)
- Financial income +€39,949
up €39,949 (+187.9%), from €21,262 to €61,211
- Staff costs +€20,492
up €20,492 (+26.6%), from €76,929 to €97,420
- Gross operating margin -€18,440
down €18,440 (-13.2%), from €139,523 to €121,083
- Write-downs +€14,880
new in 2025: €14,880
- Taxes +€7,889
up €7,889 (+259.3%), from €3,042 to €10,932
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 | €1,287,357 | €1,272,382 | -€14,976 | -1.2% |
| Fixed assets | 21/28 | €113,403 | €137,404 | +€24,001 | +21.2% |
| Intangible fixed assets | 21 | €2,714 | €115 | -€2,600 | -95.8% |
| Tangible fixed assets | 22/27 | €101,384 | €137,264 | +€35,880 | +35.4% |
| Land and buildings | 22 | - | €51,420 | +€51,420 | |
| Plant, machinery and equipment | 23 | €3,758 | €1,940 | -€1,818 | -48.4% |
| Furniture and vehicles | 24 | €4,868 | €6,571 | +€1,702 | +35.0% |
| Other tangible fixed assets | 26 | €92,758 | €77,334 | -€15,424 | -16.6% |
| Financial fixed assets | 28 | €9,304 | €25 | -€9,280 | -99.7% |
| Current assets | 29/58 | €1,173,954 | €1,134,978 | -€38,976 | -3.3% |
| Stocks and contracts in progress | 3 | €132,481 | €71,540 | -€60,941 | -46.0% |
| Stocks | 30/36 | €132,481 | €71,540 | -€60,941 | -46.0% |
| Amounts receivable within one year | 40/41 | €291,215 | €296,234 | +€5,020 | +1.7% |
| Trade receivables | 40 | €165,521 | €100,001 | -€65,520 | -39.6% |
| Other amounts receivable | 41 | €125,694 | €196,233 | +€70,539 | +56.1% |
| Current investments | 50/53 | €541,521 | €432,160 | -€109,362 | -20.2% |
| Cash at bank and in hand | 54/58 | €204,446 | €322,178 | +€117,732 | +57.6% |
| Deferred charges and accrued income | 490/1 | €4,292 | €12,866 | +€8,574 | +199.8% |
| Total equity and liabilities | 10/49 | €1,287,357 | €1,272,382 | -€14,976 | -1.2% |
| Equity | 10/15 | €889,402 | €901,457 | +€12,054 | +1.4% |
| Contributions | 10/11 | €33,357 | €33,357 | = | 0.0% |
| Reserves | 13 | €222,656 | €222,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,336 | €3,336 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,336 | €3,336 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €8,820 | €8,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €633,390 | €645,444 | +€12,054 | +1.9% |
| Amounts payable | 17/49 | €397,955 | €370,925 | -€27,030 | -6.8% |
| Amounts payable after more than one year | 17 | €60,482 | €93,961 | +€33,480 | +55.4% |
| Financial debts | 170/4 | €60,482 | €93,961 | +€33,480 | +55.4% |
| Amounts payable within one year | 42/48 | €337,473 | €276,964 | -€60,510 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €6,875 | €16,520 | +€9,645 | +140.3% |
| Financial debts | 43 | €66,912 | €50,000 | -€16,912 | -25.3% |
| Credit institutions | 430/8 | €66,912 | €50,000 | -€16,912 | -25.3% |
| Trade debts | 44 | €236,454 | €194,033 | -€42,421 | -17.9% |
| Suppliers | 440/4 | €236,454 | €194,033 | -€42,421 | -17.9% |
| Advances received on contracts in progress | 46 | €13,476 | - | -€13,476 | |
| Taxes, remuneration and social security | 45 | €13,756 | €16,385 | +€2,629 | +19.1% |
| Taxes | 450/3 | €105 | €5,650 | +€5,545 | +5274.9% |
| Remuneration and social security | 454/9 | €13,651 | €10,735 | -€2,916 | -21.4% |
| Other amounts payable | 47/48 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €76,929 | €97,420 | +€20,492 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,516 | €31,971 | -€544 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,880 | +€14,880 | |
| Other operating charges | 640/8 | €2,905 | €2,499 | -€406 | -14.0% |
| Non-recurring operating charges | 66A | - | €912 | +€912 | |
| Gross operating margin | 9900 | €139,523 | €121,083 | -€18,440 | -13.2% |
| Operating profit (loss) | 9901 | €27,173 | -€26,599 | -€53,772 | |
| Financial income | 75/76B | €21,262 | €61,211 | +€39,949 | +187.9% |
| Recurring financial income | 75 | €21,262 | €61,211 | +€39,949 | +187.9% |
| Financial charges | 65/66B | €14,538 | €11,625 | -€2,913 | -20.0% |
| Recurring financial charges | 65 | €14,538 | €11,625 | -€2,913 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €33,897 | €22,986 | -€10,911 | -32.2% |
| Income taxes | 67/77 | €3,042 | €10,932 | +€7,889 | +259.3% |
| Profit (loss) for the period | 9904 | €30,855 | €12,054 | -€18,800 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,855 | €12,054 | -€18,800 | -60.9% |
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 4 October 2026 via checked.be.