Labaere Management: 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.
Labaere Management
Largest movements
- Financial fixed assets +€48,067
up €48,067 (+12.0%), from €400,017 to €448,084
- Cash +€43,866
up €43,866 (+322.0%), from €13,624 to €57,490
mainly Net result for the year (+€114,381) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Receivables within one year +€10,000
new in 2025: €10,000
- Tangible fixed assets -€9,576
down €9,576 (-19.3%), from €49,590 to €40,014
of which Leasing and similar rights: -€10,709
- Profit (loss) carried forward +€55,256
up €55,256 (+161.1%), from €34,308 to €89,564
- Reserves +€52,625
up €52,625 (+96.5%), from €54,521 to €107,146
of which Tax-exempt reserves: +€52,625
- Debts after one year -€51,558
down €51,558 (-16.0%), from €321,326 to €269,768
- Other debts +€17,739
up €17,739 (+24403.6%), from €73 to €17,812
- Current portion of long-term debt -€8,300
down €8,300 (-13.5%), from €61,691 to €53,391
- Financial income +€55,013
up €55,013 (+986.1%), from €5,579 to €60,591
- Financial charges +€9,954
up €9,954 (+126.7%), from €7,854 to €17,808
- Gross operating margin +€6,978
up €6,978 (+7.3%), from €95,910 to €102,888
- Depreciation +€3,186
up €3,186 (+36.2%), from €8,805 to €11,991
- Taxes -€1,925
down €1,925 (-9.6%), from €20,062 to €18,137
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 | €486,870 | €555,978 | +€69,108 | +14.2% |
| Fixed assets | 21/28 | €449,607 | €488,098 | +€38,492 | +8.6% |
| Tangible fixed assets | 22/27 | €49,590 | €40,014 | -€9,576 | -19.3% |
| Plant, machinery and equipment | 23 | €1,207 | €2,838 | +€1,631 | +135.1% |
| Furniture and vehicles | 24 | €279 | €416 | +€137 | +48.9% |
| Leasing and similar rights | 25 | €45,177 | €34,468 | -€10,709 | -23.7% |
| Other tangible fixed assets | 26 | €2,927 | €2,293 | -€634 | -21.7% |
| Financial fixed assets | 28 | €400,017 | €448,084 | +€48,067 | +12.0% |
| Current assets | 29/58 | €37,263 | €67,880 | +€30,617 | +82.2% |
| Amounts receivable within one year | 40/41 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,624 | €57,490 | +€43,866 | +322.0% |
| Deferred charges and accrued income | 490/1 | €3,639 | €390 | -€3,249 | -89.3% |
| Total equity and liabilities | 10/49 | €486,870 | €555,978 | +€69,108 | +14.2% |
| Equity | 10/15 | €98,829 | €206,710 | +€107,881 | +109.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,521 | €107,146 | +€52,625 | +96.5% |
| Tax-exempt reserves | 132 | €42,521 | €95,146 | +€52,625 | +123.8% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,308 | €89,564 | +€55,256 | +161.1% |
| Amounts payable | 17/49 | €388,041 | €349,269 | -€38,772 | -10.0% |
| Amounts payable after more than one year | 17 | €321,326 | €269,768 | -€51,558 | -16.0% |
| Financial debts | 170/4 | €321,326 | €269,768 | -€51,558 | -16.0% |
| Amounts payable within one year | 42/48 | €66,633 | €79,465 | +€12,832 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €61,691 | €53,391 | -€8,300 | -13.5% |
| Trade debts | 44 | €2,057 | €0 | -€2,057 | -100.0% |
| Suppliers | 440/4 | €2,057 | €0 | -€2,057 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,812 | €8,262 | +€5,450 | +193.8% |
| Taxes | 450/3 | €2,812 | €8,262 | +€5,450 | +193.8% |
| Other amounts payable | 47/48 | €73 | €17,812 | +€17,739 | +24403.6% |
| Accrued charges and deferred income | 492/3 | €82 | €35 | -€47 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,805 | €11,991 | +€3,186 | +36.2% |
| Other operating charges | 640/8 | €1,119 | €1,131 | +€12 | +1.1% |
| Non-recurring operating charges | 66A | - | €31 | +€31 | |
| Gross operating margin | 9900 | €95,910 | €102,888 | +€6,978 | +7.3% |
| Operating profit (loss) | 9901 | €85,985 | €89,734 | +€3,749 | +4.4% |
| Financial income | 75/76B | €5,579 | €60,591 | +€55,013 | +986.1% |
| Recurring financial income | 75 | €5,579 | €60,591 | +€55,013 | +986.1% |
| Financial charges | 65/66B | €7,854 | €17,808 | +€9,954 | +126.7% |
| Recurring financial charges | 65 | €7,854 | €17,808 | +€9,954 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | €83,710 | €132,518 | +€48,808 | +58.3% |
| Income taxes | 67/77 | €20,062 | €18,137 | -€1,925 | -9.6% |
| Profit (loss) for the period | 9904 | €63,647 | €114,381 | +€50,733 | +79.7% |
| Transfer to tax-exempt reserves | 689 | €29,470 | €52,625 | +€23,155 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,177 | €61,756 | +€27,578 | +80.7% |
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 9 October 2026 via checked.be.