LABECO: 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
LABECO
NACE 46.130, Agents in the wholesale of timber and building materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€121,740
2024 · €55,466+€66,274
Equity
€4.2m
2024 · €4.1m+€121,740
Cash
€90,983
2024 · €600,597-€509,615
Balance sheet total
€17.6m
2024 · €19.7m-€2.1m
Largest movements
Assets
- Receivables within one year -€1.9m
down €1.9m (-19.6%), from €9.9m to €8.0m
of which Trade receivables: -€1.9m
- Cash -€509,615
down €509,615 (-84.9%), from €600,597 to €90,983
mainly Short-term financial debts (-€3.2m) and Investment in fixed assets (net) (-€415,218)
- Tangible fixed assets +€232,743
up €232,743 (+50.7%), from €459,375 to €692,118
Equity and liabilities
- Short-term financial debts -€3.2m
down €3.2m (-62.2%), from €5.1m to €1.9m
- Trade debts +€612,655
up €612,655 (+22.8%), from €2.7m to €3.3m
Income statement
- Turnover -€4.5m
down €4.5m (-24.8%), from €18.0m to €13.6m
- Goods and materials -€4.1m
down €4.1m (-24.7%), from €16.4m to €12.3m
of which Change in stocks: decrease (increase): -€2.1m
- Other operating income +€971,766
up €971,766 (+57.2%), from €1.7m to €2.7m
- Services and other goods +€285,399
up €285,399 (+16.2%), from €1.8m to €2.0m
- Other operating charges +€262,802
up €262,802 (+736%), from €35,695 to €298,497
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
€55,466
Turnover
-€4.5m
Other operating income
+€971,766
Goods and materials
+€4.1m
Services and other goods
-€285,399
Staff costs
-€40,567
Depreciation
-€53,335
Write-downs
+€65,641
Other operating charges
-€262,802
Other operating items
+€79,884
Financial income
-€43,671
Financial charges
+€77,424
Taxes
-€18,351
Result 2025
€121,740
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€3.0m
Investment
-€415,218
Financing
-€3.1m
Cash 2024
€600,597
From operations (derived)
+€3.0m
Net result for the year
+€121,740
Depreciation
+€206,422
Stocks and contracts
-€160,274
Receivables within one year
+€1.9m
Deferred charges and accrued income
+€41,022
Trade debts
+€612,655
Tax, wage and social debts
+€46,409
Advances received
-€27,590
Other debts
+€184,407
Accrued charges and deferred income
-€6,436
Investment (derived)
-€415,218
Investment in fixed assets (net)
-€415,218
Financing
-€3.1m
Debts after one year
+€84,266
Current portion of long-term debt
+€29,652
Short-term financial debts
-€3.2m
Cash 2025
€90,983
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,718,621 | €17,598,174 | -€2.1m | -10.8% |
| Fixed assets | 21/28 | €581,517 | €790,312 | +€208,796 | +35.9% |
| Intangible fixed assets | 21 | €120,866 | €96,919 | -€23,947 | -19.8% |
| Tangible fixed assets | 22/27 | €459,375 | €692,118 | +€232,743 | +50.7% |
| Plant, machinery and equipment | 23 | €285,550 | €393,810 | +€108,260 | +37.9% |
| Furniture and vehicles | 24 | €32,759 | €29,213 | -€3,546 | -10.8% |
| Leasing and similar rights | 25 | €64,320 | €177,900 | +€113,581 | +177% |
| Other tangible fixed assets | 26 | €76,746 | €91,195 | +€14,448 | +18.8% |
| Financial fixed assets | 28 | €1,275 | €1,275 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €1,275 | €1,275 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,275 | €1,275 | +€0 | 0.0% |
| Current assets | 29/58 | €19,137,105 | €16,807,861 | -€2.3m | -12.2% |
| Stocks and contracts in progress | 3 | €8,543,701 | €8,703,975 | +€160,274 | +1.9% |
| Stocks | 30/36 | €8,543,701 | €8,703,975 | +€160,274 | +1.9% |
| Goods purchased for resale | 34 | €8,543,701 | €8,011,769 | -€531,932 | -6.2% |
| Advance payments | 36 | - | €692,206 | +€692,206 | |
| Amounts receivable within one year | 40/41 | €9,897,809 | €7,958,929 | -€1.9m | -19.6% |
| Trade receivables | 40 | €9,506,114 | €7,577,728 | -€1.9m | -20.3% |
| Other amounts receivable | 41 | €391,696 | €381,200 | -€10,495 | -2.7% |
| Cash at bank and in hand | 54/58 | €600,597 | €90,983 | -€509,615 | -84.9% |
| Deferred charges and accrued income | 490/1 | €94,996 | €53,975 | -€41,022 | -43.2% |
| Total equity and liabilities | 10/49 | €19,718,621 | €17,598,174 | -€2.1m | -10.8% |
| Equity | 10/15 | €4,113,234 | €4,234,975 | +€121,740 | +3.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €3,988,234 | €4,109,975 | +€121,740 | +3.1% |
| Distributable reserves | 133 | €3,988,234 | €4,109,975 | +€121,740 | +3.1% |
| Amounts payable | 17/49 | €15,605,387 | €13,363,199 | -€2.2m | -14.4% |
| Amounts payable after more than one year | 17 | €4,108,173 | €4,192,439 | +€84,266 | +2.1% |
| Financial debts | 170/4 | €4,108,173 | €4,192,439 | +€84,266 | +2.1% |
| Subordinated loans | 170 | €800,000 | €4,060,000 | +€3.3m | +408% |
| Leasing and similar obligations | 172 | €48,173 | €132,439 | +€84,266 | +175% |
| Other loans | 174 | €3,260,000 | - | -€3.3m | |
| Amounts payable within one year | 42/48 | €11,488,443 | €9,168,425 | -€2.3m | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €13,845 | €43,497 | +€29,652 | +214% |
| Financial debts | 43 | €5,089,665 | €1,924,114 | -€3.2m | -62.2% |
| Credit institutions | 430/8 | €5,089,665 | €1,924,114 | -€3.2m | -62.2% |
| Trade debts | 44 | €2,683,822 | €3,296,477 | +€612,655 | +22.8% |
| Suppliers | 440/4 | €2,683,822 | €3,296,477 | +€612,655 | +22.8% |
| Advances received on contracts in progress | 46 | €112,982 | €85,392 | -€27,590 | -24.4% |
| Taxes, remuneration and social security | 45 | €289,160 | €335,569 | +€46,409 | +16.0% |
| Taxes | 450/3 | €132,038 | €150,552 | +€18,514 | +14.0% |
| Remuneration and social security | 454/9 | €157,122 | €185,017 | +€27,896 | +17.8% |
| Other amounts payable | 47/48 | €3,298,969 | €3,483,376 | +€184,407 | +5.6% |
| Accrued charges and deferred income | 492/3 | €8,771 | €2,335 | -€6,436 | -73.4% |
| Operating income | 70/76A | €19,859,010 | €16,415,759 | -€3.4m | -17.3% |
| Turnover | 70 | €18,036,278 | €13,555,312 | -€4.5m | -24.8% |
| Own construction capitalised | 72 | €125,225 | €191,175 | +€65,950 | +52.7% |
| Other operating income | 74 | €1,697,507 | €2,669,273 | +€971,766 | +57.2% |
| Operating charges | 60/66A | €19,494,083 | €15,999,960 | -€3.5m | -17.9% |
| Goods for resale, raw materials and consumables | 60 | €16,404,630 | €12,347,979 | -€4.1m | -24.7% |
| Purchases | 600/8 | €13,729,265 | €11,816,047 | -€1.9m | -13.9% |
| Change in stocks: decrease (increase) | 609 | €2,675,365 | €531,932 | -€2.1m | -80.1% |
| Services and other goods | 61 | €1,761,736 | €2,047,134 | +€285,399 | +16.2% |
| Remuneration, social security and pensions | 62 | €1,305,106 | €1,345,672 | +€40,567 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,087 | €206,422 | +€53,335 | +34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€180,104 | -€245,745 | -€65,641 | -36.4% |
| Other operating charges | 640/8 | €35,695 | €298,497 | +€262,802 | +736% |
| Non-recurring operating charges | 66A | €13,934 | - | -€13,934 | |
| Operating profit (loss) | 9901 | €364,927 | €415,800 | +€50,873 | +13.9% |
| Financial income | 75/76B | €89,191 | €45,520 | -€43,671 | -49.0% |
| Recurring financial income | 75 | €89,191 | €45,520 | -€43,671 | -49.0% |
| Other financial income | 752/9 | €89,191 | €45,520 | -€43,671 | -49.0% |
| Financial charges | 65/66B | €341,652 | €264,228 | -€77,424 | -22.7% |
| Recurring financial charges | 65 | €341,652 | €264,228 | -€77,424 | -22.7% |
| Debt charges | 650 | €278,966 | €200,013 | -€78,953 | -28.3% |
| Other financial charges | 652/9 | €62,686 | €64,215 | +€1,529 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €112,466 | €197,092 | +€84,626 | +75.2% |
| Income taxes | 67/77 | €57,000 | €75,351 | +€18,351 | +32.2% |
| Taxes | 670/3 | €57,000 | €75,351 | +€18,351 | +32.2% |
| Profit (loss) for the period | 9904 | €55,466 | €121,740 | +€66,274 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €55,466 | €121,740 | +€66,274 | +119% |
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 18 October 2026 via checked.be.