LABCO: 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.
LABCO
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-64.3%), from €1.9m to €663,954
of which Land and buildings: -€1.2m
- Other debts -€1.3m
down €1.3m (-86.0%), from €1.5m to €206,436
- Tax, wage and social debts +€77,353
up €77,353 (+668.1%), from €11,578 to €88,931
- Reserves +€29,294
up €29,294 (+26.4%), from €110,857 to €140,151
of which Distributable reserves: +€73,308
- Provisions -€22,664
no longer reported in 2025 (was €22,664)
- Depreciation -€39,294
down €39,294 (-58.6%), from €67,048 to €27,755
- Gross operating margin +€30,318
up €30,318 (+118.1%), from €25,675 to €55,993
- Taxes +€7,332
up €7,332 (+5087.3%), from €144 to €7,476
- Financial charges -€5,094
down €5,094 (-35.5%), from €14,348 to €9,254
- Other operating charges -€936
down €936 (-16.1%), from €5,816 to €4,880
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 | €1,864,431 | €675,655 | -€1.2m | -63.8% |
| Fixed assets | 21/28 | €1,858,107 | €663,972 | -€1.2m | -64.3% |
| Tangible fixed assets | 22/27 | €1,858,089 | €663,954 | -€1.2m | -64.3% |
| Land and buildings | 22 | €1,827,315 | €663,739 | -€1.2m | -63.7% |
| Plant, machinery and equipment | 23 | €30,774 | €215 | -€30,559 | -99.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €6,324 | €11,683 | +€5,359 | +84.7% |
| Amounts receivable within one year | 40/41 | €782 | €588 | -€194 | -24.8% |
| Other amounts receivable | 41 | €782 | €588 | -€194 | -24.8% |
| Cash at bank and in hand | 54/58 | €3,779 | €10,945 | +€7,167 | +189.7% |
| Deferred charges and accrued income | 490/1 | €1,763 | €150 | -€1,614 | -91.5% |
| Total equity and liabilities | 10/49 | €1,864,431 | €675,655 | -€1.2m | -63.8% |
| Equity | 10/15 | €172,830 | €202,124 | +€29,294 | +16.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €110,857 | €140,151 | +€29,294 | +26.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,014 | - | -€44,014 | |
| Distributable reserves | 133 | €60,645 | €133,953 | +€73,308 | +120.9% |
| Provisions and deferred taxes | 16 | €22,664 | - | -€22,664 | |
| Deferred taxes | 168 | €22,664 | - | -€22,664 | |
| Amounts payable | 17/49 | €1,668,937 | €473,531 | -€1.2m | -71.6% |
| Amounts payable after more than one year | 17 | €177,162 | €177,162 | = | 0.0% |
| Other amounts payable | 178/9 | €177,162 | €177,162 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,491,776 | €296,370 | -€1.2m | -80.1% |
| Trade debts | 44 | €3,524 | €1,002 | -€2,522 | -71.6% |
| Suppliers | 440/4 | €3,524 | €1,002 | -€2,522 | -71.6% |
| Taxes, remuneration and social security | 45 | €11,578 | €88,931 | +€77,353 | +668.1% |
| Taxes | 450/3 | €11,578 | €88,931 | +€77,353 | +668.1% |
| Other amounts payable | 47/48 | €1,476,674 | €206,436 | -€1.3m | -86.0% |
| Non-recurring operating income | 76A | - | €40,580 | +€40,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,048 | €27,755 | -€39,294 | -58.6% |
| Other operating charges | 640/8 | €5,816 | €4,880 | -€936 | -16.1% |
| Gross operating margin | 9900 | €25,675 | €55,993 | +€30,318 | +118.1% |
| Operating profit (loss) | 9901 | -€47,189 | €23,359 | +€70,548 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €14,348 | €9,254 | -€5,094 | -35.5% |
| Recurring financial charges | 65 | €14,348 | €9,254 | -€5,094 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€61,537 | €14,107 | +€75,644 | |
| Transfer from deferred taxes | 780 | €4,533 | €22,664 | +€18,131 | +400.0% |
| Income taxes | 67/77 | €144 | €7,476 | +€7,332 | +5087.3% |
| Profit (loss) for the period | 9904 | -€57,148 | €29,294 | +€86,443 | |
| Transfer from tax-exempt reserves | 789 | €8,803 | €44,014 | +€35,211 | +400.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,346 | €73,308 | +€121,654 |
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 8 October 2026 via checked.be.