LABECS: 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.
LABECS
Largest movements
- Tangible fixed assets -€9,074
down €9,074 (-20.5%), from €44,322 to €35,248
of which Furniture and vehicles: -€9,074
- Cash +€5,441
up €5,441 (+139.9%), from €3,890 to €9,332
mainly Net result for the year (+€16,122) and Depreciation (+€9,074)
- Receivables within one year -€3,326
down €3,326 (-51.5%), from €6,457 to €3,131
of which Other amounts receivable: -€3,787
- Deferred charges and accrued income -€988
down €988 (-51.8%), from €1,907 to €919
- Profit (loss) carried forward +€16,122
up €16,122 (+31.3%), from -€51,475 to -€35,353
- Other debts -€14,176
down €14,176 (-23.5%), from €60,373 to €46,197
- Debts after one year -€8,214
down €8,214 (-51.0%), from €16,104 to €7,890
- Tax, wage and social debts -€1,654
down €1,654 (-100.0%), from €1,654 to €0
of which Taxes: -€1,654
- Purchases and services -€7,111
down €7,111 (-9.6%), from €74,173 to €67,062
- Gross operating margin +€5,936
up €5,936 (+27.8%), from €21,380 to €27,317
- Depreciation +€5,573
up €5,573 (+159.2%), from €3,501 to €9,074
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 | €56,691 | €48,745 | -€7,946 | -14.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,437 | €35,363 | -€9,074 | -20.4% |
| Tangible fixed assets | 22/27 | €44,322 | €35,248 | -€9,074 | -20.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €44,322 | €35,248 | -€9,074 | -20.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €12,254 | €13,382 | +€1,128 | +9.2% |
| Amounts receivable within one year | 40/41 | €6,457 | €3,131 | -€3,326 | -51.5% |
| Trade receivables | 40 | €1,575 | €2,037 | +€461 | +29.3% |
| Other amounts receivable | 41 | €4,881 | €1,095 | -€3,787 | -77.6% |
| Cash at bank and in hand | 54/58 | €3,890 | €9,332 | +€5,441 | +139.9% |
| Deferred charges and accrued income | 490/1 | €1,907 | €919 | -€988 | -51.8% |
| Total equity and liabilities | 10/49 | €56,691 | €48,745 | -€7,946 | -14.0% |
| Equity | 10/15 | -€32,875 | -€16,753 | +€16,122 | +49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,475 | -€35,353 | +€16,122 | +31.3% |
| Amounts payable | 17/49 | €89,566 | €65,498 | -€24,068 | -26.9% |
| Amounts payable after more than one year | 17 | €16,104 | €7,890 | -€8,214 | -51.0% |
| Financial debts | 170/4 | €16,104 | €7,890 | -€8,214 | -51.0% |
| Amounts payable within one year | 42/48 | €73,462 | €57,583 | -€15,879 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €7,822 | €8,214 | +€392 | +5.0% |
| Trade debts | 44 | €3,612 | €3,172 | -€440 | -12.2% |
| Suppliers | 440/4 | €3,612 | €3,172 | -€440 | -12.2% |
| Taxes, remuneration and social security | 45 | €1,654 | €0 | -€1,654 | -100.0% |
| Taxes | 450/3 | €1,654 | €0 | -€1,654 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,373 | €46,197 | -€14,176 | -23.5% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Turnover | 70 | €94,875 | €94,115 | -€760 | -0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,173 | €67,062 | -€7,111 | -9.6% |
| Remuneration, social security and pensions | 62 | €507 | - | -€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,501 | €9,074 | +€5,573 | +159.2% |
| Other operating charges | 640/8 | €402 | €463 | +€61 | +15.3% |
| Non-recurring operating charges | 66A | €213 | - | -€213 | |
| Gross operating margin | 9900 | €21,380 | €27,317 | +€5,936 | +27.8% |
| Operating profit (loss) | 9901 | €16,758 | €17,779 | +€1,022 | +6.1% |
| Financial income | 75/76B | €1,030 | €198 | -€832 | -80.8% |
| Recurring financial income | 75 | €1,030 | €198 | -€832 | -80.8% |
| Financial charges | 65/66B | €1,977 | €1,855 | -€122 | -6.2% |
| Recurring financial charges | 65 | €1,977 | €1,855 | -€122 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €15,811 | €16,122 | +€311 | +2.0% |
| Profit (loss) for the period | 9904 | €15,811 | €16,122 | +€311 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,811 | €16,122 | +€311 | +2.0% |
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 7 October 2026 via checked.be.