LABEAU Patrick: 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.
LABEAU Patrick
Largest movements
- Receivables within one year -€22,842
down €22,842 (-6.4%), from €359,337 to €336,495
of which Trade receivables: -€17,662
- Tangible fixed assets -€7,463
down €7,463 (-20.8%), from €35,870 to €28,407
of which Leasing and similar rights: -€5,438
- Cash -€4,371
no longer reported in 2025 (was €4,371)
mainly Trade debts (-€18,325) and Debts after one year (-€6,372)
- Trade debts -€18,325
down €18,325 (-37.7%), from €48,616 to €30,291
- Debts after one year -€6,372
down €6,372 (-32.5%), from €19,616 to €13,244
- Financial income -€15,507
down €15,507 (-99.6%), from €15,562 to €55
- Staff costs -€10,201
down €10,201 (-18.2%), from €56,193 to €45,992
- Write-downs +€5,614
new in 2025: €5,614
- Taxes -€4,988
no longer reported in 2025 (was €4,988)
- Gross operating margin -€4,641
down €4,641 (-6.3%), from €73,359 to €68,718
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 | €405,635 | €369,600 | -€36,036 | -8.9% |
| Fixed assets | 21/28 | €35,870 | €28,407 | -€7,463 | -20.8% |
| Tangible fixed assets | 22/27 | €35,870 | €28,407 | -€7,463 | -20.8% |
| Land and buildings | 22 | €6,197 | €6,197 | = | 0.0% |
| Furniture and vehicles | 24 | €7,905 | €5,880 | -€2,024 | -25.6% |
| Leasing and similar rights | 25 | €21,768 | €16,330 | -€5,438 | -25.0% |
| Current assets | 29/58 | €369,765 | €341,192 | -€28,573 | -7.7% |
| Amounts receivable within one year | 40/41 | €359,337 | €336,495 | -€22,842 | -6.4% |
| Trade receivables | 40 | €91,733 | €74,071 | -€17,662 | -19.3% |
| Other amounts receivable | 41 | €267,604 | €262,424 | -€5,180 | -1.9% |
| Cash at bank and in hand | 54/58 | €4,371 | - | -€4,371 | |
| Deferred charges and accrued income | 490/1 | €6,057 | €4,698 | -€1,360 | -22.4% |
| Total equity and liabilities | 10/49 | €405,635 | €369,600 | -€36,036 | -8.9% |
| Equity | 10/15 | €294,749 | €291,105 | -€3,644 | -1.2% |
| Contributions | 10/11 | €38,866 | €38,866 | = | 0.0% |
| Reserves | 13 | €8,965 | €8,965 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,941 | €1,941 | = | 0.0% |
| Distributable reserves | 133 | €7,024 | €7,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,919 | €243,274 | -€3,644 | -1.5% |
| Amounts payable | 17/49 | €110,886 | €78,495 | -€32,391 | -29.2% |
| Amounts payable after more than one year | 17 | €19,616 | €13,244 | -€6,372 | -32.5% |
| Financial debts | 170/4 | €19,616 | €13,244 | -€6,372 | -32.5% |
| Amounts payable within one year | 42/48 | €90,856 | €65,184 | -€25,672 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €6,657 | €6,372 | -€285 | -4.3% |
| Financial debts | 43 | €13,317 | €9,479 | -€3,838 | -28.8% |
| Credit institutions | 430/8 | €7,268 | €9,479 | +€2,211 | +30.4% |
| Other loans | 439 | €6,050 | - | -€6,050 | |
| Trade debts | 44 | €48,616 | €30,291 | -€18,325 | -37.7% |
| Suppliers | 440/4 | €48,616 | €30,291 | -€18,325 | -37.7% |
| Taxes, remuneration and social security | 45 | €19,866 | €16,642 | -€3,224 | -16.2% |
| Taxes | 450/3 | €5,460 | €8,486 | +€3,026 | +55.4% |
| Remuneration and social security | 454/9 | €14,406 | €8,156 | -€6,250 | -43.4% |
| Other amounts payable | 47/48 | €2,400 | €2,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €414 | €67 | -€347 | -83.8% |
| Remuneration, social security and pensions | 62 | €56,193 | €45,992 | -€10,201 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,089 | €7,463 | +€374 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,614 | +€5,614 | |
| Other operating charges | 640/8 | €5,228 | €7,670 | +€2,442 | +46.7% |
| Gross operating margin | 9900 | €73,359 | €68,718 | -€4,641 | -6.3% |
| Operating profit (loss) | 9901 | €4,849 | €1,980 | -€2,869 | -59.2% |
| Financial income | 75/76B | €15,562 | €55 | -€15,507 | -99.6% |
| Recurring financial income | 75 | €15,562 | €55 | -€15,507 | -99.6% |
| Financial charges | 65/66B | €5,450 | €5,679 | +€229 | +4.2% |
| Recurring financial charges | 65 | €5,450 | €5,679 | +€229 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €14,961 | -€3,644 | -€18,605 | |
| Income taxes | 67/77 | €4,988 | - | -€4,988 | |
| Profit (loss) for the period | 9904 | €9,973 | -€3,644 | -€13,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,973 | -€3,644 | -€13,617 |
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.