LabCorp: 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
LabCorp
NACE 72.109, Other research and development on natural sciences
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €3.4m+€846,880
Equity
€26.0m
2024 · €21.8m+€4.2m
Cash
€5.6m
2024 · €4.8m+€772,933
Balance sheet total
€36.1m
2024 · €32.5m+€3.6m
Largest movements
Assets
- Receivables within one year +€6.7m
up €6.7m (+113.4%), from €5.9m to €12.6m
of which Trade receivables: +€6.9m
- Tangible fixed assets -€3.7m
down €3.7m (-29.4%), from €12.4m to €8.8m
of which Other tangible fixed assets: -€2.0m
- Cash +€772,933
up €772,933 (+16.2%), from €4.8m to €5.6m
mainly Net result for the year (+€4.2m) and Depreciation (+€3.8m)
- Stocks and contracts -€470,096
down €470,096 (-5.1%), from €9.3m to €8.8m
Equity and liabilities
- Profit (loss) carried forward +€4.2m
up €4.2m (+36.3%), from €11.6m to €15.8m
- Tax, wage and social debts -€816,887
down €816,887 (-13.6%), from €6.0m to €5.2m
of which Taxes: -€1.3m
Income statement
- Turnover +€3.6m
up €3.6m (+6.0%), from €60.6m to €64.2m
- Goods and materials +€2.6m
up €2.6m (+10.6%), from €25.0m to €27.7m
of which Change in stocks: decrease (increase): +€3.7m
- Staff costs +€2.2m
up €2.2m (+12.3%), from €18.1m to €20.3m
- Services and other goods -€1.6m
down €1.6m (-19.3%), from €8.4m to €6.8m
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
€3.4m
Turnover
+€3.6m
Other operating income
+€76,839
Goods and materials
-€2.6m
Services and other goods
+€1.6m
Staff costs
-€2.2m
Depreciation
+€120,738
Write-downs
-€197,707
Other operating charges
+€75,506
Financial income
+€292,017
Financial charges
+€201,067
Taxes
-€113,836
Result 2025
€4.2m
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
+€865,597
Investment
-€92,664
Financing
-€0
Cash 2024
€4.8m
From operations (derived)
+€865,597
Net result for the year
+€4.2m
Depreciation
+€3.8m
Stocks and contracts
+€470,096
Receivables within one year
-€6.7m
Deferred charges and accrued income
-€254,637
Trade debts
+€215,211
Tax, wage and social debts
-€816,887
Investment (derived)
-€92,664
Investment in fixed assets (net)
-€92,664
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€5.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,456,988 | €36,054,594 | +€3.6m | +11.1% |
| Fixed assets | 21/28 | €12,436,549 | €8,774,173 | -€3.7m | -29.4% |
| Intangible fixed assets | 21 | €423 | €141 | -€282 | -66.7% |
| Tangible fixed assets | 22/27 | €12,436,125 | €8,774,032 | -€3.7m | -29.4% |
| Land and buildings | 22 | - | €28,533 | +€28,533 | |
| Plant, machinery and equipment | 23 | €6,375,683 | €4,689,760 | -€1.7m | -26.4% |
| Furniture and vehicles | 24 | €241,523 | €173,581 | -€67,942 | -28.1% |
| Other tangible fixed assets | 26 | €5,785,252 | €3,810,552 | -€2.0m | -34.1% |
| Assets under construction and advance payments | 27 | €33,667 | €71,604 | +€37,937 | +112.7% |
| Current assets | 29/58 | €20,020,439 | €27,280,421 | +€7.3m | +36.3% |
| Stocks and contracts in progress | 3 | €9,297,731 | €8,827,636 | -€470,096 | -5.1% |
| Stocks | 30/36 | €9,297,731 | €8,827,636 | -€470,096 | -5.1% |
| Goods purchased for resale | 34 | €9,297,731 | €8,827,636 | -€470,096 | -5.1% |
| Amounts receivable within one year | 40/41 | €5,912,627 | €12,615,134 | +€6.7m | +113.4% |
| Trade receivables | 40 | €5,033,334 | €11,936,085 | +€6.9m | +137.1% |
| Other amounts receivable | 41 | €879,293 | €679,049 | -€200,244 | -22.8% |
| Cash at bank and in hand | 54/58 | €4,777,911 | €5,550,844 | +€772,933 | +16.2% |
| Deferred charges and accrued income | 490/1 | €32,170 | €286,807 | +€254,637 | +791.5% |
| Total equity and liabilities | 10/49 | €32,456,988 | €36,054,594 | +€3.6m | +11.1% |
| Equity | 10/15 | €21,836,235 | €26,035,518 | +€4.2m | +19.2% |
| Contributions | 10/11 | €9,651,081 | €9,651,081 | = | 0.0% |
| Reserves | 13 | €617,869 | €617,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €617,869 | €617,869 | = | 0.0% |
| Reserves not available under the articles | 1311 | €617,869 | €617,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,567,286 | €15,766,568 | +€4.2m | +36.3% |
| Amounts payable | 17/49 | €10,620,753 | €10,019,076 | -€601,676 | -5.7% |
| Amounts payable within one year | 42/48 | €10,620,753 | €10,019,076 | -€601,676 | -5.7% |
| Trade debts | 44 | €4,610,865 | €4,826,076 | +€215,211 | +4.7% |
| Suppliers | 440/4 | €4,610,865 | €4,826,076 | +€215,211 | +4.7% |
| Taxes, remuneration and social security | 45 | €6,009,888 | €5,193,000 | -€816,887 | -13.6% |
| Taxes | 450/3 | €2,822,213 | €1,488,186 | -€1.3m | -47.3% |
| Remuneration and social security | 454/9 | €3,187,675 | €3,704,814 | +€517,139 | +16.2% |
| Operating income | 70/76A | €60,567,650 | €64,283,636 | +€3.7m | +6.1% |
| Turnover | 70 | €60,567,650 | €64,206,797 | +€3.6m | +6.0% |
| Other operating income | 74 | - | €76,839 | +€76,839 | |
| Operating charges | 60/66A | €55,529,256 | €58,777,611 | +€3.2m | +5.8% |
| Goods for resale, raw materials and consumables | 60 | €25,017,779 | €27,664,372 | +€2.6m | +10.6% |
| Purchases | 600/8 | €28,343,619 | €27,324,472 | -€1.0m | -3.6% |
| Change in stocks: decrease (increase) | 609 | -€3,325,840 | €339,900 | +€3.7m | |
| Services and other goods | 61 | €8,401,657 | €6,779,819 | -€1.6m | -19.3% |
| Remuneration, social security and pensions | 62 | €18,111,951 | €20,334,087 | +€2.2m | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,875,778 | €3,755,040 | -€120,738 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,403 | €136,304 | +€197,707 | |
| Other operating charges | 640/8 | €183,493 | €107,987 | -€75,506 | -41.1% |
| Operating profit (loss) | 9901 | €5,038,394 | €5,506,025 | +€467,631 | +9.3% |
| Financial income | 75/76B | €482,705 | €774,721 | +€292,017 | +60.5% |
| Recurring financial income | 75 | €482,705 | €774,721 | +€292,017 | +60.5% |
| Income from current assets | 751 | €106,501 | €70,113 | -€36,389 | -34.2% |
| Other financial income | 752/9 | €376,203 | €704,609 | +€328,406 | +87.3% |
| Financial charges | 65/66B | €730,623 | €529,556 | -€201,067 | -27.5% |
| Recurring financial charges | 65 | €730,623 | €529,556 | -€201,067 | -27.5% |
| Other financial charges | 652/9 | €730,623 | €529,556 | -€201,067 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €4,790,475 | €5,751,191 | +€960,716 | +20.1% |
| Income taxes | 67/77 | €1,438,072 | €1,551,908 | +€113,836 | +7.9% |
| Taxes | 670/3 | €1,440,883 | €1,551,908 | +€111,026 | +7.7% |
| Tax adjustments and reversals of tax provisions | 77 | €2,810 | €0 | -€2,810 | -100.0% |
| Profit (loss) for the period | 9904 | €3,352,403 | €4,199,283 | +€846,880 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,352,403 | €4,199,283 | +€846,880 | +25.3% |
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.